After ten years of development, cross-border e-commerce has gone from being a heresy to being marginalized, and then to being mainstream. Last year, the penetration rate of cross-border e-commerce products reached 40%. Due to the development of the Internet, the Internet of Things, big data, and blockchain data, more and more cross-border transactions and payment behaviors will rely on information platforms. It is expected that digital service trade and data trade will be conducted more through e-commerce channels.
There are still three shortcomings in China’s cross-border e-commerce at present.
First, the degree of digitalization in the logistics industry is not high, and the development of digital logistics needs to be accelerated.
According to relevant data, only 11% of Chinese logistics companies successfully transformed digitally last year, and the automation level of the entire logistics company was only 20%, while that of developed countries reached 80%.
Shunfeng, JD.com, EMS and other logistics companies are developing rapidly, but a large number of small and medium-sized cross-border e-commerce logistics companies have yet to be transformed, and some need to access “fifth-party logistics”.
Second, there is a lack of foreign digital international trade (EWTP) platforms.
In order to adapt to changes in domestic and foreign markets, organize the source of goods, centrally allocate them, and deliver them in time, China needs to combine the current situation of global supply chains and regional supply chains and reconstruct their layout to build a number of overseas digital international trade platforms.
Establishing overseas digital international trade platforms can provide Chinese companies with overseas shared warehousing and related services, and the service radius can effectively cover the world’s first-tier cities and important international sea, land, and air ports and logistics hubs; (W2W) provides trunk transportation warehouse to warehouse (W2W) services, and provides support trunk and terminal distribution system (D2D) services to consumers in regional and key national markets, and provides the government with cross-border e-commerce goods arrival supervision services, forming a diversified bilateral access and convenient customs arrangements.
Third, the global cross-border import and export logistics business is weak. At present, the scale and capacity of China’s international express business development cannot meet domestic demand.
International express is a high-efficiency, high-value-added cross-border logistics transportation method, and it is also the logistics solution that best meets the characteristics of the cross-border e-commerce industry. However, international express giants such as Fedex, UPS, and DHL have monopolized the international express market.
The above are the three shortcomings of China’s cross-border e-commerce.