The U-Freight Group is ready to support the growing e-commerce market with the company investing early on in infrastructure and technology to cater to this segment.  

A recent report by Transport Intelligence suggests the global e-commerce logistics market grew by 27.3% in 2020 and will hit EUR557 billion by 2025.

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.

"Transport intelligence (TI) says e-commerce has been one of the key growth sectors for logistics over the course of the pandemic with the rise in demand creating opportunities for LSPs and last mile providers to grow rapidly, as long as they can help retailers react to the changes in consumer demands and manage wildly changing trading conditions," he said in a statement.

Increased e-commerce demand

Wong noted that this report also "mirrors" the U-Freight Group’s experience over the last 12 months where changes in demand patterns associated with the ongoing emergence of e-commerce, is also driving development in merchandising, warehousing, and distribution patterns. 

"It certainly helps to justify our company's early entry and on-going investment to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade," he said.

The CEO of the Hong Kong-based international freight forwarding and logistics group adds that at U-Freight, in its development of e-commerce logistics solutions, it is 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.

Examples of those efforts include investment in several of the company’s warehouse facilities to enable them to act as e-commerce fulfilment centres.

The U-Freight executive noted that in 2019, the company launched e+Solutions, a new product to assist small businesses with their e-commerce logistics needs.

U-Freight 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.