【正文】 BowersoxKorea,includespartyservices”ofretailers(.outsourcedtransportationprivateretailershandledandChinainfobank,needs?Growinginpolicylogistics?FavorableincreasedmacrobeintheHubei/YangtzeinlargestShanghain InstrongisdemandimprovementdevelopedChinaaretransportationofatservices5rapidlybutatmarketChinaThe China market is still small at US$ Bn, but will be growing rapidly at CAGR 35% over the next five yearsn Thefortheautomotivetransportationlogisticsshippers’isglobalmanagementn Thetransport,forfive39%to2023US$isAsiantherategrowandreachedandBnestimatedlogistics.willwillITandIT? Implementationincludingofferingexpansiontheactivities? KeyyearsThe China logistics industry will be shaped by China’s entry into the WTO and the subsequent opening of the market to foreign petitionIndustry Scenario 2023? Rapidoverrapidlybutatmarketinestimatedservices.aislogisticsaITintensitygrowthetwoissuccessChina’sarelargecapabilitiesforchainreachservicedemandingderivedtheaccuracyrepresentationKearneyarewhichobtainedthisThepermissionparties,ornot.document2023COSCO IPO SUPPORT MATERIALSLogistics Services Industry Environment Trend Analysis COSCO Comments and . Kearney RemarksThecontentswereKearneybedisclosedwithoutofinformationdocumentfrom.reliable.canasorinformationtherefrom.Table of Contentsn Executive Summary1. Market Size Growth? Global? China2. Service Demand? Global Trends? China Trends3. Competitive Environment? Global? China4. Regulatory Environment5. Information Technologyn AppendixExecutive Summary. Kearney’s definition of the logistics services industryStructuring and managing, on behalf of cargo owners, solutions involving some bination of parts of the supply chain (. transportation, warehousing, (de)consolidation, etc.)The logistics service industry represent a tremendous growth opportunity, both globally and in ChinaMarket Characteristic ConclusionCustomershighsolutions,andmanagementglobalfuelsfullpositioningentryexpectedmainlogisticsrapidly,willcapabilitiescoreservicescriticallogisticsKearneyThemarketUS$2023.isUS$willattheincreasealliancesnextofsophisticatedlogistics,ofincreasingworkMergers, Acquisitions and AlliancesGlobal CompetitorsTechnology? ThegrowdramaticallyKearneyoutsourcingtoinrelatedanTrillionisatofnextlogisticsestimated31andgrowoveryearsn Theoutsourcingwarehousing,growthlogisticsmainlypropensityservicesmarketandmostlogisticsChinaisUS$willoveryearsindustryanevolutionandproportionatelythancountriesindicatingopportunityn InforexpectedinInlanddemandSichuanriverlogisticsChinadriveneconomicpropensitymacroandoutsourcingITCSFB,bythemselves(.warehousing)Discreteandbypublic“transportationprovisionedlogisticsJapan,SingaporeandBnTransport$2,204BnAdmin$152Japan,SingaporeCalantone。.=39%The greatest opportunities for outsourcing are in transport, warehousing, and transport managementTransportWarehousingTransportManagementITSupplementaryLogisticrespondentsrespondentspercentageuptoonstudies,prising19%,27%,prising26%,26%,12%,plexitychains?Recognitionthatmaypetitivewhenassuperiorademandexpandsgrowth?GlobalizationmeansmoveathigherWarburg,ofsegmentindicativefieldmarketoriented,totoefficiencyintenseproductpricetiminglinersindustry,logisticspercentagefeedbackinvolvewhichtodrivescost,selfhandlingconsidervaluepricedecisionsrequirementunwillingservices? Highveryrequirementsmell,henceofbeI/Eandthethemimpactcontainerswhichcostinhouse? Costchoosetoproductsneedfastproductsneedvaluesensitive? LowercontainerizedChina,SingaporeCalantone。.forservicesservicesandmajoroutsourced?Traditionalimpacted?Fastuserrequirementnumberpetinghumanaddedandpoints?LogisticspracticelevermarketestablishedinreplacelogisticssolutioncooperationserviceintegrationtheKearneyRailwayTransitReliabilityAreShippingofJV? Regionaldomesticcurrentlywithvirtually? Someamongpaniesdeclined? MostbyhighareoperatehasTradelogisticsupisfreightusuallyinternationalregionalcarriersmaximumtonnesclearingconsiderable? CustomsatbutshortenedKearneyVAS:admin,BowersoxKearneyNo.centerInindustry,lotis80%throughagriculturalhardwareallproducts.mostpoorarehaspanies,HiSense,Beer.morelessaccounttherequirementsaretermshandlingfrozentosensitiveconcerned? FootwearforSomeas1inshippingrangeservicestradebooking,exportslowernologisticsisincostforiswhichpaniespotentialiseconomic/China,majorSGM,TheyoflessthegettheminvolvepaniesnearbyJVsconsumerhaveand.andlargestChina,andbase? ThehasoflikeincludingmountaininfrastructurehighlytransportChongqing 2? Agriculturalandtotally80%volume,products,haveesp.transportationinvestmentsCargoesbarges,cheapestindustryhashighlogisticsverywood,furniture,overvolumereducedimposedcuttingfieldaretobacco,steelmaterialCitreonofusuallyverygenerally? NomodernandareaChineseto7%fiveanddriveservicesPublicsupportslogisticsforlogisticsforeignlimitedbyfullwilltowardisChinabasedforOverseastheirintomarkettransactionsmarketservicesFavorable Growth Outlook forthe China Logistics Services IndustryFavorable Macro Economic OutlookPublic Policy and SpendingIncreasing Interest in Outsourcing for Logistics NeedsGrowing IT and EBusiness1234Source:Chinainfobank,growthagrowingopportunitiesservicewillandcorrelatedindustry,secondaryt