U-Freight, a freight forwarding and logistics solutions company, has responded to a new report that suggests the global e-commerce logistics market is likely to exceed €500 billion by 2024.

The CEO of the U-Freight Group Simon Wong says his company is ready to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade.

Wong says: “Transport intelligence, a major provider of market research solutions to the global logistics industry, says e-commerce is quite a puzzle for logistics service providers.

“The exponential growth of e-commerce and the increased role of consumers in individual transactions pose several challenges to governments and businesses alike, whether in terms of trade facilitation, safety, security or the collection of duties and taxes.

“At U-Freight, in our development of e-commerce logistics solutions, we are continually trying to address the key issues stemming from increasing volumes of business-to-business (B2B) and business-to-consumer (B2C) e-commerce shipments and the time-sensitivity thereof.

Wong cites examples of those efforts to include investment in several of the company’s warehouse facilities to enable them to act as e-commerce fulfilment centres.

“We are a logistics partner of choice for the growing number of online channels and platforms which entrepreneurs are using to sell their own designs and products, including global e-commerce shipping platforms such as Easyship, and are heavily involved in the Fulfilled by Amazon programme in several countries.”

In 2019, U Freight launched e+Solutions, a new product to assist small businesses with their e-commerce logistics needs.

The freight forwarder has also been qualified by China Customs and CIQ (China Inspection and Quarantine) as a licensed cross-border e-commerce enterprise and as a cross-border e-commerce logistics service provider.

“All of these initiatives are helping us boost efficiency and capture more value, in order to capitalise on the opportunities that e-commerce is presenting,” Wong adds.

Visit ufreight.com for more information.