Damco focusing on cross-border e-commerce in China
Freight forwarding service provider Damco has announced that it is developing plans to streamline cross-border e-commerce for its clients – and its immediate aim is to tackle the lack of a proven returns solution in China.
In a statement sent to Post&Parcel today (21 March), Damco said that cross border e-commerce in China has expanded by 70% year-on-year. However, return ratios for cross-border e-commerce currently run at 30-40% and are expected to grow further – and cross-border returns are often expensive.
Damco said that its latest initiative aims to address this point by offering its customers a “robust, fully-digital returns solution supported by government and location authorities”.
Damon Gu, Global Head of E-commerce at Damco, said: “In global e-commerce, speed and visibility are essential. Our goal is to connect and simplify our clients’ supply chains. That means offering the fastest route to government approval, speeding up the process and reducing costs. Furthermore, new digital platforms will deliver complete supply chain visibility and product traceability.”
Damco said this approach is being developed in the Nansha Free Trade Zone, Guangdong Province, using the company’s relationships in the region and building on the investment made by Damco’s sister company, APM Terminals, in developing Nansha Port and its port terminal operations.
