The current situation and future development trend of the logistics industry

In 2020, the macro-economy was subjected to unprecedented severe challenges, logistics, as a pioneer of economic development, actively implement the concept of high-quality development, deepen the supply-side structural reforms, the annual logistics operation against the trend of rebound, stable growth, the scale of logistics to a new level, the total income of the logistics industry to maintain the growth of the logistics operation to achieve the improvement in the quality and efficiency of the unit cost of stabilizing in the slowdown, in order to fight against the epidemic, safeguard the people's livelihood, and promote economic development to provide strong support. This has provided strong support for combating the epidemic, safeguarding people's livelihood and promoting economic development.

Logistics scale to a new level, the total social logistics exceeded 300 trillion

In 2020, China's total social logistics stepped up to a new level of three million billion yuan, amounting to 300.1 billion yuan. Quarter by quarter, 2020, the first quarter, the first half and the first three quarters of the growth rate of -7.3%, -0.5% and 2.0%, respectively, the logistics scale of growth continued to recover, the fourth quarter of the growth rate rebound further accelerated.

2010-2020, China's total cost of social logistics growth year by year, in 2020, the total social logistics growth rate continued to rebound, the total cost of social logistics and the ratio of GDP is basically the same, the total cost of social logistics reached 14.9 trillion yuan.

The total revenue of the logistics industry to maintain growth. 2020, China's logistics industry total revenue of 10.5 trillion yuan, an increase of 2.2%. The total revenue growth rate of the logistics industry since the third quarter from negative to positive, since the fourth quarter showed accelerated recovery trend, back to the previous year's level.

Prosperity index rebounded, the vitality of logistics enterprises continued to strengthen

Logistics industry maintained a high level of prosperity. With the resumption of work and production advancing steadily, the business volume and order level of logistics enterprises are steadily picking up, logistics supply and demand are picking up synchronously, and market vitality continues to strengthen. 2020 was affected by the new crown epidemic, which dropped to 26.2% in February, and then rebounded rapidly and stayed at the level of more than 50% above the Rongquan line, and it was 56.9% in December 2020 and has been in the expansion zone for 10 months in a row, reflecting that the China's logistics industry is running steadily.

The employment situation in the logistics industry is better, with more than one million new jobs

The logistics industry's ability to absorb employment has been increasing, and the number of employees is growing rapidly. According to the estimation, at the end of 2019, the number of employees in China's logistics jobs (including both legal entities in logistics-related industries and individual business employees engaged in logistics activities, as well as employees in logistics jobs in legal entities in industries such as industry, wholesale and retail trade, etc.) amounted to 51.91 million people, representing an increase of 3.6% over 2016, and an average annual growth rate of 0.9%.

From the point of view of the characteristics of the employment structure, the first is that logistics professionals maintain a relatively rapid growth, and the degree of specialization of logistics personnel has increased. The number of employees in China's logistics-related industries exceeded 12 million, up 16% from 2016, with an average annual growth rate of 3.9%.

The second is that transportation and logistics is still the main body of employment absorption, in which road transportation grows faster, and rail and waterway slow down;

The third is that e-commerce courier, multimodal transportation and other new industries have become the main driving force for new employment, and the "13th Five-Year" period of courier The logistics industry absorbed more than 1 million new jobs, with an average annual growth rate of 10%, and the multimodal transport and transportation agency industry absorbed more than 150,000 new jobs, with an average annual growth rate of 8% over five years, all faster than the industry average.

-- For more research and analysis of this industry, please refer to China Logistics Industry Market Outlook and Investment Strategy Planning Analysis Report