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Logistics Trends for 2020 You Should Know About

20Jul By PriyankaNo Comments

ANALYSIS

Logistics Trends for 2020 You Should Know About

In any year, keeping up to date on the latest trends is vital for logistics business owners and operators. In 2020, though, when the world has been hit by a pandemic and shipping and other areas have been impacted, it’s even more important to keep your finger on the pulse. Market conditions and operational possibilities change all the time, but here are some of the key logistics trends for this year that you need to know about. New Marine Emissions Standards At the beginning of this year, the new maritime regulations for sulfur oxides (SOx) came into effect. Shipping and logistics firms now must cut their sulfur oxide emissions to achieve compliance with the International Maritime Organization’s (IMO) 2020 regulations. The rule is designed to curb pollution produced by the worl...

China Becomes the World’s Largest Importer of e-commerce Goods

With the growing economy day by day, China has become the world's largest importer of e-commerce goods. The country has a population of cross-border e-commerce consumers increasing by 10 times over the past three years. According to a report, China's consumption growth has promoted sustainable development of import business and the post-'90s and '95s consumers have become the largest consumers of imported goods. Also, the proportion of people buying imported goods through cross-border e-commerce platforms increased from 1.6 percent in 2014 to 10.2 percent last year. The number of consumers at Tmall Global, the cross-border e-commerce site of Alibaba Group rose10 times from 2014 to last year. "China is becoming one of the largest consumer markets in the world, and this huge consumer ...

India’s Imports From China to See a Major Decline: Report

Demand for Chinese products in India is decelerating and imports from the country would see a "major hit" in the coming months, according to a report, which revealed a significant shift in the consumption pattern of Indian consumers towards domestic products. The analysis by the PHD Chamber of Commerce & Industry said increasing competitiveness of India's production capabilities to match its Chinese counterparts due to the improvement in the ease of doing business was another factor responsible for the trend. Indian production capabilities are becoming competitive as compared with China because of many reasons such as improvement in the ease of doing business. Also, there is a significant shift in the consumption pattern of Indian consumers from the Chinese products to domestic p...