In February, China's e-commerce logistics market returned to stability

In February, China's e-commerce logistics market returned to stability. Affected by the Spring Festival holiday in early February, China's e-commerce logistics index fell month-on-month, but the decline was significantly narrowed, in line with expectations.

Data released by the China Federation of Logistics and Purchasing on the 6th show that in February, China's e-commerce logistics index was 108.9 points, down 0.3 points from the previous month. In terms of demand, in February, the total business volume index of e-commerce logistics was 123.3 points, up 1.1 points from the same period last year; The rural e-commerce logistics business volume index was 120.4 points, which fell slightly from the previous quarter.

Since the new round of national subsidy policy officially included mobile phones, tablets, smart watches (bracelets) three categories of digital products into the trade-in subsidy, electronic products and intelligent demand have continued to become a hot spot of consumer concern. In addition, with the hot Spring Festival movie box office and the opening of the Asian Winter Games, the role of cultural and sports industries in promoting consumption has further emerged.

Among the sub-indexes, the inventory turnover index and load ratio index both increased by 0.4 points from the previous quarter, and the logistics timeliness, compliance rate, satisfaction rate and personnel index fell slightly. With the end of the Spring Festival holiday, e-commerce logistics enterprises have been reworking, and the inventory turnover rate of enterprises has accelerated. The supply capacity of e-commerce logistics enterprises has been strengthened to a certain extent, but it is still in the recovery stage.

In February, the cost index was 119.4 points, down 1.3 points from the previous month, which was the first time since January 2023 that it fell below 120 points, indicating that the effect of China's policy to effectively reduce the cost of logistics in the whole society is continuing to appear in the field of e-commerce logistics.

Resource：中国新闻网