LAST-MILE LOGISTICS IN CHINA
Overall, smart last-mile logistics in the Chinese market has led to an improvement in the efficiency and execution of last-mile delivery in the country. In fact, the general strength, the overall development level and, in particular, the application of digital technology in China has also led to a benchmarking effect on a global scale. Globally and in China, growth in last-mile delivery logistics has been robust over recent years with the growth in ecommerce being a significant driver of last-mile delivery logistics growth. In 2022, China’s ecommerce transaction volume reached RMB 43.83 trillion, growth of 3.5% on a year-on-year (y-o-y) basis after 19.6% growth the previous year. As ecommerce has grown in China, so has the parcel delivery business in the country. In 2022, when considering the business scale within China’s parcel delivery industry, it can be seen that a record high was reached. The parcel delivery business volume was 110.58 billion packages, up b