Already high Chinese logistics costs are expected to rise further, according to a recent survey.
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85% of delegates at this year’s Automotive Logistics China conference, representing vehicle manufacturers, suppliers and logistics providers, say they expect the real price of logistics in the region to rise over the next five years. Chinese logistics costs are already high at 18.5% of GDP, nearly double that of more developed markets.
Robert Strain of GM Asia-Pacific told delegates that vehicle manufacturers and logistics suppliers would have to cooperate closely to limit price increases to help maintain China’s competitiveness, in the face of an appreciating currency and rising labour and fuel costs.
The survey revealed that China’s biggest vehicle export market is expected to be Russia, and new transport routes are emerging between the two countries.
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