BEIJING, Dec. 12, 2023 /PRNewswire/ -- Full Truck Alliance
(NYSE: YMM), a leading digital freight platform in
China, published the Industrial
Clusters Report of Digital Logistics on December 7, sharing its insights on the evolution
of logistics industry from the perspective of digital logistics for
the first time.
The report aims to help SMEs discover more business
opportunities, as well as provide industry insights on cargo trends
to drivers, enabling them to more efficiently take orders and serve
consignors.
The report highlights that China's digital logistics penetration rate has
seen double-digit growth annually in recent years, with inland
areas witnessing a 27% and more developed coastal regions a 15%
growth rate over the past year. Overall, the development of
industrial clusters of digital logistics in China features stair-stepped growth patterns,
and industry clusters in different provinces show different
characteristics.
The report also notes a 4% reduction in the average
transportation distance for digital logistics orders nationwide
during the past year, while within most industrial clusters, this
distance has shortened by up to 10%, signaling faster regional
economic integration.
Meanwhile, the report uncovers economic shifts within regions,
such as the replacement of eight of the top ten consignors in
Qingdao's top industries,
transitioning mostly from agriculture to manufacturing within a
year.
At the report release conference held in Beijing, Full Truck Alliance also held panel
discussions together with executives and experts from the logistics
industry, to explore how to comprehensively improve the efficiency
of logistics to benefit the broader society, better serve the
logistic needs for various industries and support the development
of economy.
At the conference, Wang Yuchen, General Manager of Cold-Chain
Logistics at Full Truck Alliance, noted that digitalized methods
can better track the fluctuation of supply and demand of cargos and
trucks dynamically, better balance the fluctuation, and
significantly reduce transportation costs. In addition, with its
disintermediation nature, digital logistics platform can reduce
repeated price increases in traditional logistics chains, improve
the transparency of business operation, and help businesses reduce
their comprehensive logistic costs by as much as more than 10%.
"After fully embracing digital logistics, our logistics costs
have decreased by 30%, and efficiency has increased by 60%," echoed
Jiang Hao, General Manager of
Shanghai Yihuang Wood Industry Co., Ltd. "Additionally, our
warehousing turnover has improved by 20%, contributing to a 10%
cost reduction."
He Zhilin, founder of Guangdong Chuanwei Dongpin, believes that
digitalization can effectively improve turnover efficiency and
reduce operating costs of logistics. "Chuanwei has started its
digital transformation in business management, operation and
logistics since 2020. Thanks to the digitalization, Chuanwei's CAGR
for its earnings has grown by 100%, with its revenue reaching a
record of 6 billion in 2023."
As industry leaders emphasize, digital logistics platforms are
more than just technological advancements; they are a catalyst for
cost savings and increased efficiency across various sectors.
According to Zhou Zhicheng, director of the research institute of
China Federation of Logistics and Purchasing and secretary-general
of its Sub Committee of Freight Industry, digital freight platforms
are able to explore more industrial use cases, and provide digital
tools and solutions to help businesses reduce costs and increase
efficiency.
With over a decade of innovation, Full Truck Alliance now
services over 300 cities and more than 100,000 logistic routes,
links 3.79 million active drivers with over 2 million consignors
monthly, and enhances logistics efficiency through intelligent
cargo-truck matching and streamlined online transactions. This not
only helps businesses reach freight capacities easily and brings
SMEs flexible and diverse shipping solutions, but also allows
businesses to integrate and manage complex transport resources
including trucks and drivers, so as to improve the efficiency of
various industries and expand their business operations.
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SOURCE Full Truck Alliance