The e-commerce logistics market is driven by online purchasing
- 164
- Digital
- 21:58 17/08/2022
DNHN - The expanding number of Internet and smartphone users, as well as a large number of online buyers, are all contributing to the expansion of the Asian market, including Vietnam. This demonstrates that shipping in Vietnam has enormous growth potential...
The e-commerce logistics sector is fragmented, according to a Technavio analysis. Many significant market suppliers compete in many aspects, such as supplying a diverse selection of new solutions.
Cross-border e-commerce, social commerce, and the emergence of a range of entrepreneurs are all on the increase. However, high transportation costs, infrastructural issues, and stringent e-commerce logistics laws may stymie industry participants' growth.
Cross-border e-commerce confronts additional obstacles, such as developing a tight distribution network and determining delivery time. At the same time, this industry need express delivery companies with a high-potential platform to deploy.
The network's limits, as well as the business's delivery capability, might have major consequences such as delays, lost items, expensive freight charges, and so on. Or the assurance of delivery time, establishing a positive client experience... is an important demand. Shipping companies that want to participate in this trend must optimize every step of the delivery process.
Mr Phan Binh, Brand Director of J&T Express Vietnam, stated that cross-border e-commerce is an appealing "piece of cake," and that many courier and shipping companies want to immediately conquer this potential market. However, lofty goals necessitate a high level of competitiveness.
That is why, for many years, J&T Express has actively created its system, invested in technology and people resources, and developed a worldwide shipping experience. J&T Express has also established a good reputation in the industry by reducing order processing time and reducing confusion in the delivery process by utilizing a transit centre system that employs cutting-edge technology.
Southeast Asia has emerged as a potential e-commerce market in recent years as a result of population growth, the number of Internet users, and the common level of disposable income... assessed as one of the region's potential markets, capable of being surpassed by providing niche products, focusing on the consumer tastes of each market while maintaining the quality of goods at the same cost. reasonable fees
The Southeast Asian cross-border e-commerce business is currently entering a golden phase, with revenues expected to reach about $90 billion in 2022, 1.2 times greater than the previous year.
To capitalize on the potential, service providers have prioritized growth opportunities in fast-growing categories. Simultaneously, service providers preserve their position in slow-growing industries.
Along with the emergence of e-commerce and online sales, Vietnam's express delivery and shipping business has a tremendously high growth potential. The creation of a value-added service network to fulfil consumers' rising needs is one of the major drivers driving the expansion of the express delivery industry.
Specifically, the normal value-added services that consumers have previously valued, such as packaging product classification, labelling, online package tracking, mobile applications, e-mail and SMS alerts, security tagging, 24/7 customer support, and so forth. Express delivery companies must have the infrastructural platform - transit hubs dispersed across Vietnam - to execute these services.
In the rapidly expanding express delivery sector, delivering extra value-added services is critical to assisting businesses in being the first choice of consumers and partners.
While customers obtain greater value, people who transport items are more convenient when delivering, and partners have more new chances, both parties are encouraged to move further together, toward the long-term aim of sustainable growth.
H.H
Related news
- QuickPack Group (Germany) invests Eur30 million in Dong Tam Group'S Southeast ASIA Long An Industrial Park in Long An (Vietnam)
- "The Vietnam-Korea Investment Cooperation Forum 2024 is a testament to the spirit of innovation and sustainable collaboration."
- KBIZ's 60-year journey in building a solid foundation for South Korea's small and medium enterprise community
- Gold peaks, stocks languish: Experts identify opportunities for investors
- What categories are included in the additional audit subjects?
- General Secretary Tô Lâm sounded the alarm on preventing and combating waste
- The potential of the blockchain and cryptocurrency
- Electricity price hike and the long-term energy dilemma
- Institutional obstacles "tie up" enterprises and challenge economic growth
- Vietnam stands poised to seize opportunities in the semiconductor industry
- Southeast enterprises integrate renewable energy into production
- ‘'Bầu Đức'’ and the banana revolution at Hoang Anh Gia Lai
- Foxconn expands investment with additional $80 million for chip production in Bắc Giang
- The National Assembly supports strong decentralization in public investment
- Dr. Nguyễn Văn Thân, Chairman of Vinasme: The 15-17% preferential tax rate fails to truly support small and micro enterprises
- Real estate capital faces risks from credit to bonds
- Vietnam emerges as a new hub in the global semiconductor industry
- Foreign investment: A key driver of Vietnam's economic growth
- Draft resolution on commercial housing: A new opportunity for the real estate market
- VINASME Championship SHB Cup 2024 Golf Tournament: Business leaders shine with elite swings
Đọc thêm Digital
The potential of the blockchain and cryptocurrency
Globally, the cryptocurrency market has seen significant growth. In Vietnam, despite not being officially recognized, cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple have emerged and are actively traded.
Vietnam ranked 4th globally in mobile app downloads
This statistic highlights significant opportunities for Vietnamese app developers to learn and improve to maximize growth potential.
Clear legal framework needed to regulate online pharmaceutical business
The online pharmaceutical business is becoming a crucial issue among experts and regulators.
Commercialization of 5G in Vietnam: Development opportunities and investment challenges
5G services in Vietnam are entering the commercialization phase, but telecom operators face significant challenges regarding investment costs and profitability.
Vietnamese digital enterprises and the journey to the world
Vietnam is a country with a strong rise in technology, and many Vietnamese digital enterprises are pioneering in expanding to the global market and achieving great success.
Viettel collaborated with Ericsson to promote the deployment of 5G networks
Viettel has partnered with Ericsson to jointly build a robust digital infrastructure, creating superior connectivity with 5G technology, bringing significant benefits to customers.
How to develop secure electronic contracts?
The forum to support businesses in digital transformation and e-commerce development is taking place on October 15, featuring new perspectives and providing strong motivation for companies to quickly adopt secure electronic contracts.
Significant drop in fraud cases following nearly three months of biometric authentication implementation
According to statistics from banks, the implementation of biometric authentication regulations has effectively deterred high-tech criminals from using personal accounts for money transfers.
Digital transformation in the retail industry – Towards sustainable development
The retail industry is entering the digital age. For sustainable development, businesses need to effectively combine digital technology with sustainable development goals.
AI applications driving sustainable Tourism in Khanh Hoa
On September 7th in Nha Trang City, the Nha Trang - Khanh Hoa Tourism Association, in collaboration with EduX Global Institute and TMA Technology Group, organized a seminar titled "AI and Digital Transformation Solutions for Khanh Hoa Tourism."