Release of the Ranking of Top 50 China Logistics Companies, Demonstrating the Resilience in Times of COVID-19
Recently, China Federation of Logistics & Purchasing formally released The Ranking of Top 50 China Logistics Companies & Top 50 Private Logistics Companies. This ranking focused on the overall social logistics development in China in 2020. It can be seen from the shortlist and publicized data that in the final year of the "13th Five-Year Plan" period, despite the impact of the COVID pandemic, the logistics industry, as an important guarantee force for opening up the supply chain and coordinating the industrial chain, has increased the resilience for adapting to the uncertain market environment. Under the impact of the pandemic, it still maintains a stable development trend.
During the Pandemic Period, the Value of the Logistics Industry Was Highlighted, and the Overall Vitality of the Market Continued
The sudden outbreak of the pandemic in early 2020 brought the entire society to a short-term suspension. Under the special test, the logistics industry actively took on the social responsibility of safeguarding people's livelihood and helping to fight the pandemic. A number of advanced logistics companies and individuals have emerged to fight the pandemic. At the Commendation Conference of "Advanced Collectives, Model Workers and Advanced Workers in the National Logistics Industry" jointly organized by the Ministry of Human Resources and Social Security of the People's Republic of China and the China Federation of Logistics & Purchasing, China Capital Logistics won the title of "Advanced Collective of National Logistics Industry" for its outstanding performance in safeguarding the anti-pandemic activities. During the special period of the outbreak, the government, the general public, and the upstream and downstream enterprises of the entire industrial chain all realized the importance of logistics, and the value of logistics had been unprecedentedly reflected.
In March 2020, with the steady progress of resumption of work and production across the country, the supply and demand of the logistics business recovered simultaneously, and the market vitality continued. In 2020, the total value of social logistics in China reached RMB 300.1 trillion, with a year-on-year increase rate of 3.5% based on comparable price. The top 50 logistics companies achieved a total of RMB 1.4 trillion in logistics business revenue in 2020, with an increase rate of 16.6% over the top 50 logistics enterprises in the previous year.
While the overall logistics industry is developing steadily, the competition among the top 50 companies is still fierce. The threshold for being included into the top 50 logistics companies in 2021 rose from RMB 3.71 billion in the previous year to RMB 4.01 billion, with an increase of RMB 300 million. In 2021, 18 new logistics companies were shortlisted, and they showed a trend of latecomers taking the lead in terms of revenue growth rate. The total revenue of new companies increased by 19.5%, which was 2.9% higher than the average level of corresponding companies.
Diversified Industrial Development, Forming Professional Matrix in the Logistics Service
From the perspective of service fields of the shortlisted companies, it involves many industries, including automobile, home appliances, electronics, medicine, cold chain, tobacco and books, etc., and professional logistics supporting service capabilities have been formed in different industrial fields.
Among the top 50 shortlisted companies in 2021, there are 5 companies focusing on automotive logistics, namely SAIC Anji Logistics Co., Ltd., FAW Logistics Co., Ltd., China Capital Logistics Co., Ltd., Changan Minsheng APLL Logistics Co., Ltd. and Beijing Changchang Logistics Co., Ltd. Ltd. Among them, China Capital Logistics has steadily improved its ranking in the top 50 list, and its ranking has risen by one place. In the automotive logistics segment, it firmly ranks among the top three.
Showing Supply Chain Integration Trend, Strengthening Whole Chain Service Capability in the Logistics Industry
In addition, from the perspective of main business, although basic logistics service companies in transportation and warehousing, etc. account for more than 50% of the top 50 shortlisted companies, due to the impact of the pandemic, the market's demand for a smooth and resilient supply chain has increased significantly, and logistics companies have focused on improving customization and integrated supply and service capabilities, and the trend of developing a multimodal transport model is obvious. Among the top 50 companies in 2021, the number of multimodal transport service companies increases to 6, and the number of supply chain integration service companies increases to 12.
During the 13th Five-Year Plan period, China Capital Logistics actively expanded the combined transportation mode of road, railway and waterway. In 2020, the shipment volume of commercial vehicles by waterway and railway accounted for over 30% of the total shipment volume. The business layout is deeply integrated with the automotive industry chain, with the smart supply chain solution providers and supply chain integration service providers as the growing goal. At present, the business covers the entire automotive logistics industry chain including parts logistics, vehicle logistics, international logistics and logistics finance. At the same time, based on the concept of "technology innovation drives development", three directions of digital transformation have been planned around the construction of process-based capability system, data management and control system, and customer management system. Standing at the height of the industry, we will explore the growth path of smart supply chain and implement a number of smart logistics projects such as electronic waybill project, smart order splitting project, smart warehousing project, smart customer service project, business-finance integration project group to effectively improve logistics efficiency and promote the high-quality development of automobile logistics services.