【正文】 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 ConclusionCustomersprojectionsinformationofortheasnocan.reliable.believes.sourcesfrombeendocumentininformationKearney.ofwrittenwithoutotherdisclosedalteredbemayKearneybywerethiscontentsJuly,2023COSCO IPO SUPPORT MATERIALSLogistics Services Industry Environment Trend Analysis COSCO Comments and . Kearney RemarksTheofdocumentprepared.andnotused,ortoparties,thepermission.ThecontainedthishasobtainedexternalwhichKearneyareHowever,KearneymakerepresentationtoaccuracypletenesstheorderivedaredemandingvalueservicerequiringreachadvancedchaincapabilitiesIncreasingforreachcapabilitiesconsolidationlargeservicearethemselvessuccessChina’sintoistotwoimplicationsthemarketgrowandintensitydramaticallyITisacapabilitylogisticsprovidersistoaservices.globalservicesreachedestimated190inThemarketstillatbutberapidlyCAGRovernextyearsThe 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? Rapidinactivities? Keyformedthe23expansionglobalofferingendtoendincludingtransportationIT? ImplementationemerceanddependenceITlogisticswillrapidly? CompetitivewillincreaseWTO EntrySource:.1. Market Size GrowthThe global logistics services market reached an estimated US$ 190 Bn in 2023n The global logistics outsourcing market is estimated to US$ 190 Bn in 2023n The transportation and related expenditures market reached an estimated US$ Trillion in 2023, and is expected to grow at an annual rate of % over the next 5 yearsn The Asian logistics outsourcing market is estimated to reach US$ 31 Bn in 2023 and is expected to grow at CAGR 39% over the next five yearsn The greatest opportunities for outsourcing are in transport, warehousing, and transport managementn The growth of the global logistics services industry is mainly driven by shippers’ propensity to outsource logistics services and anic transportation market growthn Customer electronics, automotive and apparel represent the most attractive opportunities for logistics services in ChinaThe China market is still small at US$ Bn, but will be growing rapidly at CAGR 35% over the next five yearsn The China logistics services market is still small at US$ Bn, but will be growing rapidly over the next 5 years n The logistics services industry is still at an early stage of evolution in Chinan The transportation and related expenditures are proportionately higher in China than in most developed countries and NIEs indicating a major improvement opportunityn In Coastal China, demand for logistics services is expected to be strong in Guangdong and Shanghain In Inland China, the largest demand potential is in Sichuan and the Hubei/Yangtze river regionn Growth in the logistics services industry in China will mainly be driven by continued macro economic growth and increased propensity to outsource logistics? Favorable macro economic outlook? Public policy and spending? Increasing interest in outsourcing for logistics needs? Growing IT and EbusinessMarket Size Growth GlobalThe global logistics outsourcing market is estimated to US$ 190 Bn in 2023Source:CSFB,KearneyGlobal Transportation and Logistics Market Size (2023)Transportationactivitiesbywholesalers,themselves(.fleet,warehousing)Discreteofandservicesbywholesalers,publicetc.)Combination“transportationrelatedprovisioned3rdlogisticsprovidersUS$ 3,800 BnOutsourcedUS$190 BnGlobal transportation and related expendituresGlobal outsourced transportation and related servicesGlobal logistics outsourcing marketUS$ BnThe transportation and related expenditures market reached an estimated US$ Trillion in 2023, and is expected to grow at an annual rate of % over the next 5 yearsNote:AsiaJapan,Kong,SingaporeTaiwanSource:andKearneyBnTransport$2,204BnShipperRelated$20BnAdmin$152includesJapan,Kong,SingaporeTaiwanSource: BowersoxCalantone。CSFB。.AnalysisLogistics Outsourcing Market in Asia Gross Revenue(US$ Bn)CAGR=(0106)39%The greatest opportunities for outsourcing are in transport, warehousing, and transport managementTransportWarehousingTransportManagementITSupplementaryLogisticOrderManagementLogisticsManagement30%47%48%85%20%40%39%76%23%2%5%16%%respondents1998%respondentsoutsourcingpercentagenotup100%toSource:on.studies,including:Worldwideprisingparticipants19%,25%,27%,29%)Europeanprisingparticipants26%,26%,22%,12%,7%,4%)plexityglobalchains?Recognitionmanythatchainmayapetitivetowhennotaspetency?Developmentsuperiorcapabilitya3PLs?Growthdemandtransportationexpandsinternationalgrowth?GlobalizationmanymeansneedmovelongeratspeedshigherWarburg, 1.ofrelativesegmentinAnalysisindicative.fieldandmarketoriented,quicktofeedback? Manufacturerstoimproveefficiencydueintense? Relativelyproductandpricerequirementtimingreliabilitylinersgrossindustry,cost