The DHL Express Liaocheng Service Center has recently become operational, marking the complete coverage of its direct network in Shandong. The volume of shipments to Belt and Road countries is expected to account for 30%. The new center can significantly reduce transit times by over 30%, effectively enhancing the international logistics efficiency for local businesses.
The German logistics industry has shown strong interest in the Belt and Road Initiative. DHL announced three transport routes based on the initiative, enhancing international logistics efficiency. Additionally, the opening of a new distribution center in Leipzig has created numerous job opportunities and attracted foreign investment to the region, highlighting the importance of modern infrastructure.
UPS introduces its International Heavyweight Air Freight service, offering enhanced speed and reliability while simplifying processes. This service targets industries such as industrial manufacturing and automotive, aiming to facilitate global trade by providing faster and more dependable transportation for heavy goods. The new service is designed to accelerate supply chains and improve overall efficiency for businesses engaged in international commerce, leveraging UPS's extensive global network and expertise in air freight logistics.
The global energy storage market is experiencing rapid growth. Chinese energy storage companies, supported by favorable policies, technological innovation, and a complete industrial chain, are witnessing a surge in overseas orders, covering businesses in over 50 countries. Competition among companies is shifting from price-driven to technology-driven, with active expansion into emerging markets. The Chinese energy storage industry is playing a leading role in the global energy transition.
Thirty major UK businesses are urging the government to include logistics in the national Industrial Strategy, highlighting its importance to economic growth. The UK's logistics performance ranking has significantly declined due to road congestion, border delays, and underinvestment. Industry leaders are calling for long-term investment in transportation networks and the establishment of a logistics representative on the Industrial Strategy Council to improve national economic efficiency. This inclusion is deemed crucial for addressing current challenges and ensuring the UK's competitiveness in the global market.
Jieyang Chaoshan International Airport, the only international air cargo hub in eastern Guangdong, leverages its strategic location and continuously improving international air freight capabilities. It has launched numerous cargo routes to Southeast Asia, offering efficient customs clearance and logistics services. The airport plays a vital role in promoting foreign trade, attracting investment, driving industrial upgrades, and supporting agricultural exports, helping the regional economy integrate into the global industrial chain. Its strategic importance is growing as it facilitates smoother international trade and strengthens the region's economic ties.
Guangdong Yue Trade Global Technology Co., Ltd. centers around the "Yue Trade Global" brand project, integrating high-quality supply chains and cross-border e-commerce resources to build a comprehensive online service platform and host various thematic events. It aims to assist Guangdong enterprises in expanding overseas markets, construct a cross-border e-commerce talent ecosystem, and contribute to the high-quality development of Guangdong's trade. This initiative strengthens Guangdong's position in global commerce by fostering international partnerships and providing essential resources for businesses seeking to thrive in the international marketplace.
Soochow Securities analysis indicates a breakthrough in the global Robotaxi commercialization, making it the right time for Chinese L4 autonomous driving companies to go global. The North American market has high barriers, the European market allows for technology export, the Middle East market has great potential, and the Southeast Asian market requires careful planning. Chinese companies should seize the opportunity and take advantage of the momentum.
The Q2 report on the U.S. industrial real estate market shows stable net absorption, driven by the resilience of the logistics sector which boosts demand for new warehouses. Despite challenges, companies are optimizing supply chain management through modernized facilities. Looking ahead, the stable market outlook presents opportunities for businesses.
In the second quarter of 2023, the U.S. industrial real estate market demonstrated stable resilience with a net absorption of approximately 29.9 million square feet. The demand growth was driven by new logistics products, despite rising vacancy rates and consolidation pressures in some regions. By 2025, new supply is expected to exceed absorption, while absorption is projected to surpass supply by 2027.
