Vietnam Report publishes research on Vietnam's logistics market

Vietnam Report publishes research on Vietnam's logistics market

On 30/11, Vietnam Report Joint Stock Company (Vietnam Report) published a study on Vietnam's logistics market in the post-COVID-19 period and announced the Top 10 prestigious logistics companies in 2022.

top 5 challenges that logistics businesses are facing. Source: Vietnam Report

Accordingly, there are 4 lists classified including: Top 10 prestigious companies in the logistics industry in 2022 - international freight forwarding, warehousing, 3rd and 4th party logistics services; Top 10 prestigious companies in the logistics industry in 2022 - freight industry group; Top 5 Prestigious companies in the logistics industry in 2022 - the group of port exploitation industry and Top 5 Prestigious companies in the logistics industry in 2022 - the group of courier and delivery industry in the last

mile The ranking of Top 10 prestigious companies in the logistics industry in 2022 is built on scientific and objective principles. Companies are evaluated and ranked based on 3 main criteria: financial capacity through the latest year's financial statements; media reputation and survey results of research subjects and stakeholders conducted in October and 11/2022.

According to Vietnam Report, the world is gradually moving into a new state – a new economic cycle. In a period of many fluctuations, the business community faces difficulties piling up from the consequences of the pandemic to the Russia-Ukraine conflict... continue to exacerbate global supply chain disruptions, rising energy and food prices, escalating inflation and sharply rising interest rates...

Against this background, many large enterprises in the world have moved to reposition their supply chains, forming a new globalization trend – post-COVID-19. This is a challenge and also a great opportunity for Vietnamese businesses in general and the logistics industry in particular.

To overcome challenges and seize the opportunity to become an important link in the global supply chain, domestic enterprises must adapt flexibly, constantly innovate with new services and business models, ensure safe logistics to cope with changes in the medium and long term.

Mr. Vu Dang Vinh, General Director of Vietnam Report, analyzed and recorded that the business results of most businesses in the industry are very positive. Specifically, 68.4% of surveyed enterprises said that revenue in the first 9 months of this year increased compared to the same period in 2021; of which, up to 26.3% recorded a significant increase.

According to the financial statements of 34 logistics enterprises listed on the stock exchange, 64.7% of enterprises still maintain revenue growth momentum compared to before the pandemic (this figure was 35.3% a year ago).

Statistics also show that 26.5% of businesses moved from the group "on the rise" in the period of 2019 - 2021 to "maintain growth momentum" in the period of 2019 - 2022. This shows the continuous efforts of logistics enterprises in the process of recovering and breaking through economic growth after the COVID-19 epidemic.

Along with that, Vietnam Report's survey also showed that the biggest difficulties that logistics enterprises are facing are fluctuations in energy prices and input materials; competition between enterprises in the same industry; risks from the supply chain; political instability in the world and reduced demand for shopping and consumption.

The biggest challenge is energy price fluctuations – the biggest difference in the logistics economic picture this year, stemming from the Russia-Ukraine conflict that brought a major shock to supply that caused the global energy market to fluctuate sharply. Fuel costs account for a large proportion of the operating cost structure, posing a big problem for logistics enterprises in terms of price adjustment.

In particular, 63.2% of enterprises surveyed by Vietnam Report said that total costs increased in the first 9 months of this year compared to the same period last year. Nearly 1/3 of enterprises recorded a significant increase in gasoline costs. When fuel prices become a burden for businesses, it will cause many disadvantages in competition, such as increasing the difference in logistics costs of Vietnam compared to the world average and in the region.

In the ASEAN region, Vietnam was at 16.8%, higher than Singapore at 8.5%, Malaysia at 13.0% and Thailand at 15.5%.

In addition, risks from supply chain disruptions, political instability in the world, reduced shopping and consumption demand due to rising inflation in developed countries also create a significant resonant impact on domestic logistics activities.

Many experts said that Russia-Ukraine tensions are disturbing global supply chains that are already very "fragile" after the impacts of the COVID-19 pandemic. However, in the face of complicated developments in the world, nearly 80% of businesses forecast that this challenge will continue until the end of 2023, even longer when covid-19 prevention and control measures are removed in most markets.

In addition, 52.6% of businesses surveyed by Vietnam Report said that the number of orders decreased, inventory increased. Notably, in some enterprises, the decrease is up to 30-40% over the same period in 2021.
Facing the problem, Mr. Vinh recommended that in the coming years, businesses need to innovate their thinking and take people as the center; at the same time, promoting digital thinking, establishing positive cultural norms, standardizing processes, and continuously training the workforce.

Ngọc Quỳnh/BNEWS/TTXVN 

Ý kiến bạn đọc
Chủ đề liên quan
Có thể bạn sẽ quan tâm

Terms on the bill of lading to know

Bill of lading (B/L) refers to bill of lading as a freight bill of lading, which is considered as a...

CMA CGM buys New York/New Jersey terminal operations from GCT

French carrier’s East Coast move follows 2021 terminal investment in LA

China Southern to list air cargo capacity on Freightos market

WebCargo unit penetrates Chinese market in a first for airfreight booking platforms

Bringing logistics to a position worthy of development potential

With a special geographical position located in the dynamic development region of the world, where the flow of goods is very strong, Vietnam is considered to have geoeconomic strengths that are very favorable to promote production, export and logistics services.

Global logistics activities in 2022 and implications for Vietnam

In the first months of 2022, the global logistics market continues to recover and enters a new phase with the expectation of bringing significant growth for both 2022 and the next period. However, in the face of risks from the Russian-Ukrainian war tensions, the outbreak of the disease in China... is raising the risk of global supply chain disruptions, affecting logistics activities. In the face of complicated developments on a global scale, there are still many difficulties in the short term, requiring logistics businesses and shippers to continue to adjust supply chain and logistics models.

CNL Handled a POWER TRANSFORMER 20/30MVA and OIL-SHELL TR OIL DIALA S4 ZX-I to Brunei.

In July 2022, CNL's Hanoi branch handled a consignment including a POWER TRANSFORMER 20/30MVA weighing approximately 45 tons, as well as its accompanying equipment, and 31 pallet barrels of OIL-SHELL TR OIL DIALA S4 ZX-I.

Ministry of Industry and Trade organizes Vietnam Logistics Forum 2022

Vietnam Logistics Forum is an annual event organized by the Ministry of Industry and Trade in collaboration with relevant agencies since 2013. This is an important event of Vietnam's logistics industry with the goal of promoting the development of logistics services, creating a cohesive link between logistics and manufacturing and import and export industries, and also a place for dialogue and updating information on important issues, the urgency of logistics services in Vietnam and the world.

Proposal to invest in dry ports in the form of PPP

As a later type of development than seaports, but currently dry ports are interested in investing in areas and transport corridors with large container cargo traffic.

Logistics industry held back by poor infrastructure, technology

Despite its great potential for growth, poor transport infrastructure and high costs are holding back the logistics industry, insiders said.

CNL Handled a MAIN TANK about 64 tons to Taiwan.

In November 2022, CNL's Hanoi branch handled a consignment including a MAIN TANK without oil weighing approximately 64 tons. Because this cargo is extremely huge, it is challenging to transport and load the vessel. Besides that, it had shipped 2 containers of OIL LIBRA. The shipment was delivered from a shipper in Hanoi, Vietnam to be consigned to Taiwan on CIF terms. The commodities were loaded on board the vessel from Hai Phong, Vietnam to Kaohsiung seaport, Taiwan.