Changing technology is influencing the way shoppers look at online retail, specifically by shaping their expectation towards delivery times. In the world of ecommerce, consumers have a buy it now, wear it now mentality, no longer content to wait the once conventional 2 weeks for a delivery. China is the epicenter of e commerce, like all early adopters, China who literally only coined the the word for logistics 20 years ago,(物流 – wù liú – cargo flow) were quick to see that a direct to consumer logistics model best suited their country. Why make cities even bigger and more congested with unnecessary retail space when it has become possible to bring the store to your front door. The resultant benefits are self evident, less trucking, more biking, less emissions better air quality and a myriad of other benefits which I will return to later in the article. However it is what has happened in Cross Border E Commerce (CBEC) that really is the game changer for global logistics. Consider this,in 2017 4.3 million TEU will be imported into China driven by CBEC.
CBECis a specific international trade activity, and is the technical basis for the promotion of economic integration and trade globalization,which has brought a Read More