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China has huge market potential for internal logistics improvement: industry giant

Xinhua, August 10, 2016 Adjust font size:

China kept its strong growth momentum in sales of internal logistics components and equipment in the first half (H1) of 2016, according to Interroll Group, a global industry giant. ' The multi-national company, which supplies conveyors and rollers to courier firms and airports, saw its sales volume grow by 9.2 percent globally and by 11.2 percent in the Asia Pacific region in H1, while the Chinese market stood out with a growth rate of about 30 percent, according to its financial statement released Wednesday.

China is Interroll's most important market in the Asia Pacific region and has seen more than 30 percent on average growth in sales in the past three years as the two regional centers in the eastern city of Suzhou and southern city of Shenzhen have helped boost technology competence and improve ties with local clients, according to Ben Xia, executive vice president and head of Asia operations with Interroll.

"China poses huge market potential for internal logistics improvement as more and more sectors -- ranging from e-commerce, express delivery to food processing and petrochemical -- begin to enhance production efficiency through upgrading their internal logistics components or equipment," Xia added.

The central government aims to lift the e-commerce transaction volume to 43.8 trillion yuan (about 6.58 trillion U.S. dollars) by 2020 and the number of courier parcels annually from 20.6 billion pieces last year to 50 billion in 2020. Endi