Third-party logistics a standout sector amid robust economic recovery

Even during the most difficult days when COVID-19 prevailed, demand for logistics has never withered, and the sector is now embracing a brighter outlook along with the recovery of the Chinese economy, experts said.

Driven by strong domestic consumption demand, China's third-party logistics market scale expanded to $331 billion last year, with a compound annual growth rate of 16.6 percent between 2013 and 2020. This has driven the rapid development of logistics warehouses, which play an important part in enhancing logistics efficiency and customer experience within the retail supply chain, said a white paper on China's logistics property market by JLL.

Given the robust consumption growth outlook, third-party logistics will continue with growth momentum and bring sustainable demand for logistics real estate, according to the paper published in April.