COMMENTING on a recent report that suggests the global e-commerce logistics market is likely to exceed EUR500bn by 2024, Simon Wong CEO of the U-Freight Group says his company is ready to meet the challenges of providing logistics services to this sector.

“Transport intelligence, a major provider of market research solutions to the global logistics industry, says e-commerce is quite a puzzle for logistics service providers,” he said.

“The exponential growth of e-commerce and the increased role of consumers in individual transactions pose several challenges to governments and businesses alike, whether in terms of trade facilitation, safety/security or the collection of duties and taxes.

“At U-Freight, in our development of e-commerce logistics solutions, we are continually trying to address the key issues stemming from increasing volumes of business-to-business and business-to-consumer e-commerce shipments and the time sensitivity thereof.”

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Examples of such efforts include investment in several of the company’s warehouse facilities to enable them to act as e-commerce fulfilment centres.

“We are a logistics partner of choice for the growing number of online channels and platforms which entrepreneurs are using to sell their own designs and products, including  global e-commerce shipping platforms such as Easyship,” Mr Wong said.

“In 2019, we launched e+Solutions, a new product to assist small businesses with their e-commerce logistics needs.”

The company has been qualified by China Customs and CIQ (China Inspection and Quarantine) as a licensed cross-border e-commerce enterprise and as a cross-border e-commerce logistics service provider.

“All of these initiatives are helping us boost efficiency and capture more value, in order to capitalise on the opportunities that e-commerce is presenting,” Mr Wong said.

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