Third-party Logistics Market in China 2018-2022 | Use of Blockchain to Improve Traceability Drives Growth | Technavio

The third-party logistics market in China is expected to post a CAGR of
close to 7% during the period 2018-2022, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the third-party logistics market in China from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rising e-commerce
market. The e-commerce market in China is one of the largest e-commerce
markets in the world and is growing at a higher rate than most countries
in the world. The B2C e-commerce sales in China are expected to reach
around USD 1 trillion by 2022, growing at a CAGR of around 10-15% during
the forecast period.

This market research report on the third-party
logistics market in China 2018-2022 also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

In this report, Technavio highlights the use of blockchain to improve
traceability in logistics as one of the key emerging trends in the
third-party logistics market in China:

Third-party logistics market in China: Use of
blockchain to improve traceability in logistics

A blockchain is a sequential series of information and has records of
events that cannot be altered or tampered with. In other words, a
blockchain system is a chain of cryptographically protected records.
Multiple users can access or add data to the chain without being able to
change or delete the information that is already present. The use of
blockchain removes the need for a central authority to maintain records.

“There are several advantages of using the blockchain technology in a
supply chain. Blockchain technology increases security, reduces fraud,
automates data flow, improves traceability and trackability, reduces
paperwork, and increases transparency. The use of blockchain technology
is gaining popularity in China,” says a senior analyst at Technavio
for research on logistics.

Third-party logistics market in China:
Segmentation analysis

This market research report segments the third-party logistics market in
China by type of service including, transportation, warehousing and
distribution, and value-added services. The report also offers an
up-to-date analysis of the market concerning the current market
scenario, latest trends and drivers, and the overall global environment.

The transportation segment held the largest market share in 2017,
accounting for nearly 50% of the market. This segment is expected to
dominate the global market throughout the forecast period.

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Technavio’s sample reports are free of charge and contain multiple
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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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