【正文】 CoreSkillsFreedomSavingsTransportationstudy?Inventory?Distributionutilization(1)?CarrierHard Savings (mainly transportation)?Dynamicandequipment13%Estimated Cost SavingNote: (1)12%7%28%10%5%4%15%6%infusion15%capitaltointernally6. Acceleratepurposes5. ResourcesinternalaccesslowrelativelyservicessatisfactionlossonindicatednotofferedqualityCustomsWarehousing/Consolidationmainlyservicesforward,asofdemandthetransportationtorisksharingriskschemesfixedingoodsn Customerstofromdevelopinglogisticstheaflexibleservicelogisticsservicesincreasinglyoutsourcereasonhastradeetc.?Broaderenabledquality,higherandproviders,toeasiersharen Customers/shippers?StandardoverlapinformationApl.andofand.Chinainfobank,chemicalsappliances,dealenterprises(2)450preferencesAssociationbyclearancealsomostlogisticsthethetoservicesbetheChinawhosupplypaniesrangeserviceshighestinvestedinhaveofservices.anddemandtruckinghaveinterviewsphase:Interviews with SOEs and foreign invested enterprises in China indicate a relatively strong interest in outsourcing logistics servicesSource:highways,infrastructureNewBnyearaboutdensitytheservenecessitiesoverfortransitandlinkedmainlogisticsfacilitiesstandardizedconstruction,logisticsChinainfobankExamples of Government Initiatives to Improve Logistics InfrastructureAtoofbringchainenterprisesusingexplorewilllogisticsinterregional,developedRealigndistributionwith10logisticstoinaftertrademoredistributedindustrial50%ChinatheirhavefromexperiencechainpurchasingdueYear”insalesthanwillWTO? ProjectedUS$incurrentprojectedasyearsoveradditionalto680tradeofgrowyears? ItinandtheChinainfobankDemand for Logistics ServicesMore International Trade More Domestic Traden International trade? InternationalDevelopmentcapabilitiesRemarksSecondary: 7%Tertiary: 9%CAGR (0106)Total: 7%Primary: 3%13,3679,560Favorable Macro Economic Outlook1Demand for logistics services es from both international and domestic tradeSource:legal,supportiveonhaveservicesofleadofmanufacturingdirectlyoptimizedstructurelogisticsprovidingfastindicatesAnalysisProjection of China’s GDP Growth and Structure (RMB, Bn)n ContinuousAnalysisThe Chinese economy is expected to grow at CAGR 7% over the next five yearsSource:logisticsadditionalB2BgrowingdeeperextendingoutsourcingamongpracticesThereindustryWTOtheirscopeareCapableofopportunitiesChina’sspendinglogisticswillinternationalnextCAGRexpectedarea3Growth in the logistics services industry in China will mainly be driven by continued macro economic growth and increased propensity to outsource logisticsGrowth Driver ImplicationThebestructurecapacitywithscale/volumeshippersisareCummins),(.areandincludinganalysisHubei, Yangtze River Region3? ExportsKearneyonnewlylargelyexportforandfornotformargin,whichexportthebyregion.foreignrailinfrastructure,andlowvalueexportoverwhichproductsrailsotransportininvestorsshippersinterestthereindustrypopulation,in3rdinterviewssensitivitySource:valuewhichandmainlyandnegociation? LargetofromtoOnandcustomersetc.assomeingrowingcustomersStrong WeakShanghai(Jiangsu, Zhejiang)5 ? Shanghai?leadingDongguan,industryneedreducecontainerizedtransportationfor?oftransportationProvinceLogistics Demand – Selected Provinces in Coastal ChinaGuangdongDemand Size5Remarks? Majorspacemanagement,3PLfullaccurateCOSCO(No.suchaccountqualitypricetendHence,andinproductsQualityofproductsandareQingdaoHaier,localsensitiveShandong (Qingdao) 4? Qingdaoandinaddition,valuematerials,metalarevolumefast? Overtransportation,ahitechcargothe.study。CSFB,ect.Source:packaging, (1).bepreviouslytookrolesandcustoms50aforeigndominate? SeventheisdomestictransportationsetsomeFreeregions? GovernmenttopaniesandcharacterizedhaswarehousingstartedservicesprovidingoversuppliedisOperationLogistics Center and Freight ForwardingShipping? TheSinotransAsPresenceWithContainersServiceLongUsed,.alongandlogisticscloseonestopmodels?Globalandperatefewserviceimportantmonsellingfreevalueandprovidersservices?LargehigherlogisticsbeingservicesthetransportaddedlogisticsdemandandKong,includesusuallypriceservices? Lowand? Otherhandledproductsprices? Frozenseasonusuallydonetoused,ofcanputthereforemanufactures? Largeprofessionaltofactory? Clearancecontainers,noqualitynotlogisticsdifficulties,overseas? Packingsometimesveryactively? Hightoinreducepetitionsuppliersparts,suppliesports,timelylessandmarginofforlesshightooperationhaveresponseresearchHighLowGrowth (20232023)Remarks? HighlyKearneyis2023toSizeUBSwithdistancestoindustriestradeservicesinbyofseenoutsourcekeystrategyshipperssupplyOutsourcing of noncore business activitiesOrganic growth of transportation markets?Increasedelectronicsmachinerybeverage(retailstudyretail(automotivestudyKearneyBaseddueadd202313%8%Outsourcing by FunctionResourcerequirementsComplexityNote: Theofof=(9901)andKorea,China,BnInventory$1,102AnalysisTransportation and Related Expenditures by Region (2023)Transportation and Related Expenditures by Function (2023)US$ BnTotal = US$ 3,837 BnOthers: %Asia(1): %Europe: %North America: %3,4243,8374,389CAGR=%CAGR=%Warehousing$304CSFB。