U-Freight is gearing to serve the e-commerce logistics market which is predicted to exceed EUR500 billion (US$565 billion) by 2024.

Simon Wong CEO of the U-Freight Group says his company is ready to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade.

While acknowledging what transport intelligence, a major provider of market research solutions to the global logistics industry, said of e-commerce being "quite a puzzle for logistics service providers," he noted that these provide opportunities for U-Freight.

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, Wong said.

“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 added.

Citing as an example, Wong cited U-Freight's 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,” he said.

In 2019, he noted that U-Freight launched e+Solutions, a new product to assist small businesses with their e-commerce logistics needs. The Group has 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,” Wong said.

U-Freight Group, he noted, is doing everything to make sure it is ready for the e-commerce logistics market boom.