Cold chain logistics receives policy support and could become a key battleground for e-commerce and logistics companies

Source:中国食品报2018-10-23

To implement the "Medium- to Long-Term Plan for the Development of the Logistics Industry (2014-2020)" approved by the State Council Executive Meeting, relevant departments are studying the issue of reducing or exempting administrative and institutional fees for commercial and trade logistics enterprises and accelerating the implementation of the policy to halve land-use taxes for large-scale goods storage facilities of logistics companies. In addition, relevant departments have formulated measures to support the development of cold chain logistics, which are expected to be released soon.

To support the development of cold chain logistics, relevant departments have specifically formulated measures that are expected to be introduced as soon as possible. It is understood that support for cold chain logistics, in addition to building a new batch of cold chain logistics infrastructure that meets modern circulation and consumption needs, will also improve process management and standard integration for pre-cooling at production sites, cold storage and preservation transportation at sales destinations, and preservation processing, gradually achieving seamless connection of cold chain logistics from production sites to sales markets.

As a sector with high entry barriers and huge market potential in the logistics industry, cold chain logistics has become a strategic focus for e-commerce and logistics companies. Analysts say that Chinese cold chain logistics companies are bound to seize policy opportunities and capture gaps in the fresh cold chain logistics market. A report by CICC pointed out that multiple domestic logistics and e-commerce companies have announced their entry into cold chain logistics, fresh food delivery, and related fields, with some even announcing investment plans, attracting attention from the capital market.

In the future, the entry of large logistics and e-commerce companies into the cold chain will be an important trend and will significantly impact the structure of the cold chain logistics industry. Since these companies tend to have a vertically integrated model, their investment in cold chain equipment will not be limited to 1-2 types of cold chain products like traditional food processing companies, but will likely meet the demand for a wide variety or even full-industry-chain equipment. Therefore, comprehensive cold chain equipment manufacturers are expected to gain a competitive advantage.

Relevant departments are studying decisions to reduce or exempt administrative and institutional fees for commercial and trade logistics enterprises. At the same time, to address issues such as excessive fines and charges for urban delivery vehicles, relevant departments will study and introduce specific measures to facilitate vehicle passage and parking, thereby reducing road access costs.

Analysts say that increasing financial and tax support for commercial and trade logistics enterprises will help lower logistics costs, improve logistics efficiency, improve traffic and environmental conditions, promote healthy urbanization, enhance the competitiveness of the circulation industry, and better play its foundational and leading role in the national economy.

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