The ‘exponential growth’ of eCommerce 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 – but the opportunities are myriad.
That’s the view of Simon Wong, CEO of the U-Freight Group, who said his company is ready to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade that is eCommerce – one that is likely to exceed €500 billion by 2024.
Wong said: “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.
“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 (B2B) and business-to-consumer (B2C) e-commerce shipments and the time sensitivity thereof.
He said examples of those 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 eCommerce shipping platforms such as Easyship, and are heavily involved in the Fulfilment by Amazon programme in several countries.
“In 2019, we launched e+Solutions, a new product to assist small businesses with their e-commerce logistics needs. We have also 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.”