Restructuring and tech key to lowering logistics costs

China Daily | Updated: 2024-11-15 07:47 Staff members at the joint distribution center in Yucheng handle parcels with the help of a sorting machine. The ratio of total social logistics costs in China's GDP will be reduced to around 13.5 percent by 2027, said an action plan recently released by relevant central departments for reducing logistics costs. In 2023, the ratio of China's total logistics costs to GDP was 14.4 percent, down 0.3 percentage points from 2022, reflecting an improvement in domestic logistics efficiency. To address the issue of low supply chain logistics efficiency, it is necessary, first of all, to promote the integrated and innovative development of the logistics and manufacturing industries, and optimize their layout. By promoting the integration of online and offline logistics resources, updating the layout with mechanized, automated and intelligent equipment, and utilizing unmanned driving, unmanned delivery, automatic sorting and other smart technologies, logistics operation efficiency can be continuously improved.