According to the Zhitong Finance APP, the China E-commerce Logistics Index for August 2024, jointly released by the China Federation of Logistics and Purchasing and JD.com, was 114.2 points, up 0.1 point from the previous month. Among the sub-indices, the total business volume index, logistics timeliness index, fulfillment rate index, and satisfaction index have improved, while the rural business volume index, inventory turnover rate index, actual load rate index, personnel index, and cost index have declined.

The total business volume index for e-commerce logistics has stopped declining and rebounded. In August, the total business volume index for e-commerce logistics was 130.5 points, an increase of 0.3 points from the previous month. By region, the total business volume index in the eastern, western, and northeastern regions has increased, with the northeastern region experiencing a larger increase of 1.5 points.

The business volume index for rural e-commerce logistics has slightly decreased. In August, the business volume index for rural e-commerce logistics was 128.9 points, a decrease of 0.6 points from the previous month. By region, the rural business volume index in the northeastern region has increased, while other regions have experienced a decline, with a larger decline in the western region. The total business volume index in the eastern region exceeded the national average, reaching 129.8 points.

The fulfillment and timeliness indices have stopped declining and rebounded, and the satisfaction index for e-commerce logistics has reached a new high. In August, the service capabilities of e-commerce logistics companies steadily improved, with the logistics timeliness index and fulfillment rate index increasing by 0.4 and 0.2 points respectively, maintaining a high level of operation. The market has received positive feedback, with the satisfaction index increasing by 1.2 points compared to the previous month, reaching 103.7 points and achieving continuous growth for 6 consecutive months, reaching a new high since the index was first published.

The inventory turnover rate, personnel, and actual load rate indices have declined, and the cost index has significantly decreased. In August, as some e-commerce platforms and enterprises entered the Mid-Autumn Festival stocking season, enterprise inventories increased and the inventory turnover rate for e-commerce logistics companies decreased by 2.5 points month-on-month, with China's warehousing index reaching 50.2% and returning to the expansion range. The personnel index and actual load rate index experienced slight fluctuations, decreasing by 0.6 and 0.1 points respectively compared to the previous month. The cost index decreased significantly by 3.1 points, reaching a new low since 2023, and there has been a significant improvement in the cost pressure for enterprises.

Following the seasonal adjustment of the e-commerce logistics index in July, the index for August stabilized, with a slight increase of 0.1 point from the previous month, which is in line with expectations. From the demand side, the "Olympic fever" has led to a continued increase in integrated consumption of cultural, sports, and travel-related products, and the demand for e-commerce logistics has returned to a growth trajectory, with the total business volume index increasing by 0.3 points compared to the previous month. Under the promotion of "sports +" consumption, swimming, cycling, and sports equipment have become popular in e-commerce consumption in August. However, at the same time, influenced by factors such as continued high temperatures in many places in August and excessive precipitation in the northern region, the business volume index for rural e-commerce logistics has decreased by 0.6 points compared to the previous month. From the supply side, the service capabilities of enterprises have steadily improved, with increases in the logistics timeliness, fulfillment rate, and satisfaction indices. The personnel index and actual load rate index have experienced a slight decline due to the decline in rural business volume, but they still remain at a high level. Due to factors such as the downward adjustment of refined oil prices in August and the renewal of new energy distribution vehicles, the cost index for e-commerce logistics enterprises has significantly improved, with the index decreasing by 3.1 points compared to the previous month, falling to the level at the end of 2022. Overall, the e-commerce logistics index has gradually stabilized in August, with continuous growth in customer satisfaction, and the supply and demand sides of the e-commerce logistics market have remained stable. In the future, with the arrival of the back-to-school season and the Mid-Autumn Festival and National Day holidays, consumer potential will continue to be unleashed, online shopping activities will become more active, and it is expected that e-commerce logistics will maintain a stable operation and improve in terms of quality and efficiency.