According to the Smart Finance APP, on June 5th, the China Logistics and Purchasing Federation and JD.com jointly released the May 2024 China e-commerce logistics index, which was 113.9 points, an increase of 0.7 points from the previous month. Among the sub-indexes, the total business volume index, rural business volume index, logistics timeliness index, delivery rate index, satisfaction rate index, and actual load rate index all improved, while the inventory turnover rate index, personnel index, and cost index all declined.

The total business volume index of e-commerce logistics continued to rise. In May, the total business volume index of e-commerce logistics was 129.8 points, an increase of 2.1 points from the previous month. Looking at different regions, the total business volume index in all regions of the country has improved, with the eastern region showing the greatest increase and the central region exceeding the national average.

The business volume index of rural e-commerce logistics continued to rise. In May, the business volume index of rural e-commerce logistics was 129.7 points, an increase of 1.8 points from the previous month. Looking at different regions, the total business volume index in all regions of the country has improved, with the western region showing the greatest increase and the central region exceeding the national average.

The logistics timeliness index steadily improved, while the delivery rate, actual load rate, and satisfaction rate indexes continued to rise. In May, the logistics timeliness index was 101.9 points, an increase of 0.7 points from the previous month, and has risen for three consecutive months. The delivery rate, actual load rate, and satisfaction rate have all increased by 0.9, 0.2, and 0.4 points, respectively, and the e-commerce logistics market continues to maintain a good situation of quantity increase and quality improvement.

The inventory turnover rate index continued to decline, and the cost index continued to fall. In May, due to the increase in enterprise stocking, the inventory turnover rate index fell by 0.6 points from the previous month. The cost index fell by 0.6 points from the previous month. After falling for four consecutive months, the enterprise cost level has remained flat with last year, but there is still room for further decline.

In May, the supply and demand sides of e-commerce logistics continued to maintain a good running trend, and the overall e-commerce logistics index rose for three consecutive months. From the demand side, during the "May Day" holiday, outdoor sports, travel equipment, take-out dining and other travel-related e-commerce consumption increased rapidly, with the total business volume index and rural business volume index increasing by 2.1 points and 1.8 points, respectively, reaching 129.8 points and 129.7 points, with a year-on-year growth rate close to 30%.

In addition, as the mid-year online shopping promotion activity '6.18' approaches, major mainstream e-commerce platforms are heating up early, promoting the increase of e-commerce business volume. Under the background of accelerating demand growth, e-commerce logistics enterprises continue to improve supply capacity and operation efficiency through resource integration, scientific planning, new technology application, digital transformation, etc., and the cost index has fallen to the level of the same period in 2023. The actual load rate, satisfaction rate, delivery rate, logistics timeliness and other indexes have all improved.

Overall, the e-commerce logistics in May continued to steadily improve, with the overall index reaching a new high in nearly six years. In the later period, as the replacement policy of durable consumer goods for residents is implemented, online shopping activities will continue to be active, and the demand for e-commerce logistics will maintain stable growth.

This article is excerpted from the official website of the China Logistics and Purchasing Federation. Edited by Zhixun Financial Network: Liu Jiayin.