G7 and Bain & Company Jointly Release “2017 China Road Freight Market Research Report”
BEIJING, China, September 20, 2017 – G7, China's technology leader for the logistics sector, and Bain & Company, a leading global management consulting firm, jointly released a research report on the China road freight market. Bain and G7 together analyzed the operational data from over half a million freight vehicles on the G7 platform. According to the report, China's logistics industry is facing difficulties to promote efficiency and intelligent management tools. In the future, calculation techniques founded Big Data principles will be key to improving efficiency.
The report shows that turnover in China’s road freight is 6.1 trillion ton-km, with over 5 million heavy trucks and over 14 million light- and medium- trucks. The market size is over 5 trillion yuan, making it the world's biggest road transportation market. However, China's logistics industry is not efficient enough, for 16% of the country’s overall GDP, in comparison to the 10% level found in developed countries.
"In contrast to the rapid development of express delivery in recent years, the development of the road freight industry has been relatively slow," said Cheng Xin, Global Director of Bain & Company. “With the overall market growth flattening, operational efficiency will be critical to logistics
enterprises. Through this research, we have discovered that Big Data management can greatly improve operations and help enterprises reduce costs while increasing efficiency. If logistics companies do not take full advantage of emerging digital technologies, they will miss key growth opportunities."
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G7 Networks is China's technology leader for the logistics sector. Headquartered in Beijing, G7 has offices in Shanghai, Guangzhou, and Chengdu with installation and support network spanning across China and neighboring countries. G7 is now connected to over 500,000 vehicles from more than 30,000 customers that cover all aspects in logistics such as express delivery, manufacturing, professional transportation and contract logistics. G7 Fleet Management Services have become a crucial tool and a basic data requirement in agreements for upstream and downstream collaboration in the logistics sector. Its key investors are Temasek, Eastern Bell, Tencent, and Global Logistic Properties. G7's real-time solutions enable visibility in vehicle location, speed, routes, fuel consumption, drivers' behavior, and cargo temperature, etc. It connects trucks, shippers, fleet managers, and drivers to optimize the entire transportation ecosystem. In addition, G7's partnerships extend to municipalities, warehouses, financial institutions, petrol stations, and vehicle OEMs. All of this combines to make G7 the single point of entry to the world of fleet management. For more information, please visit .
"Internet of Things is the basis of smart logistics," said Zhai Xuehun, Founder and CEO of G7. “In the past, the logistics industry improved through continuous optimization of tangible assets: facilities, vehicles, and warehouses. This is capital intensive. If the logistics industry is to further enhance operational efficiency, there must be real-time data support and Big Data processing ability. This calls for an ‘intelligent internet service platform’ based on digitalization and visualization."
Zhai Xuehun, Cheng Xin, and representatives from Yunlian Media, JD logistics, Long Logistics, and Volvo Trucks.