In a testament to the flourishing state of China’s e-commerce logistics sector, the e-commerce logistics index surged by 4.2 points year on year in 2023, indicating the steady expansion of the industry, as reported by the China Federation of Logistics and Purchasing.
The annual average of the index reached an impressive 110.1 points in the past year, showcasing the resilience and dynamism of the e-commerce logistics landscape. However, in December 2023, the index experienced a slight dip, standing at 112.4 points, a decrease of 0.7 points from the previous month. The China Federation of Logistics and Purchasing attributed this decline to a temporary contraction in demand, primarily stemming from concentrated sales promotions during major e-commerce platforms’ annual shopping festival in November.
Despite this marginal decrease, the federation emphasized that e-commerce logistics demand remained robust in December. Winter clothing and ice-and-snow tourism equipment emerged as significant contributors to sustaining this momentum.
Looking ahead, the federation anticipates that China’s e-commerce logistics index will continue to operate at a high level in January 2024. This optimism is fueled by the enthusiasm for holiday consumption and the accelerated development of the ice-and-snow economy, reflecting the ongoing evolution and vibrancy of China’s e-commerce logistics sector.