In bongdaso com vn context that bongdaso com vn epidemic is under control, bongdaso com vn global logistics market is on bongdaso com vn verge of recovery, port congestion is reduced after epidemic prevention measures are gradually removed. As one of bongdaso com vn important links in bongdaso com vn process of recovering import and export activities of Vietnam, bongdaso com vn logsitics industry contributed significantly to this positive result: Total import and export turnover of goods in 11 months in 2022 is estimated to reach nearly 673.82 billion USD (exceeding of 668.54 billion USD in 2021).
In bongdaso com vn first 11 months of 2022, bongdaso com vn total volume of freight transport of Vietnam is estimated at 1.832,9 million tons, up 24,6% over bongdaso com vn same period in 2021; in which road transport accounts for 74,0%, inland waterways accounts for 20,3%, and sea transport accounts for only 5,4% but this number is still much higher than bongdaso com vn proportion of rail transport (0,3%) and aviation (0,01%).
According to research results of Vietnam Report, bongdaso com vn business results of most enterprises in bongdaso com vn industry are very positive. 68,4% of enterprises participating in a survey conducted by Vietnam Report in October-November, 2022 said that revenue in bongdaso com vn first 9 months increased compared to bongdaso com vn same period in 2021, of which 26,3% recorded a significant increase. According to financial reports of 34 logistics companies listed on bongdaso com vn stock exchange, 64,7% of enterprises still maintain revenue growth compared to before bongdaso com vn pandemic (this figure was 35,3% at bongdaso com vn time of bongdaso com vn pandemic from one year ago).
Figure 1: Revenue fluctuations of listed logistics companies in bongdaso com vn period of 2019-2022.
Statistics also show that 26,5% of businesses have switched from "on recovery" in bongdaso com vn period of 2019-2021 to "maintaining growth momentum" in bongdaso com vn period of 2019-2022. This shows bongdaso com vn unremitting efforts of logistics companies in bongdaso com vn process of recovering and breaking through economic growth after COVID-19.
Figure 2: Changes in bongdaso com vn resilience of listed logistics companies in bongdaso com vn period of 2019-2022
According to a survey by Vietnam Report, bongdaso com vn biggest difficulties that logistics companies are facing include: (1) Fluctuations in prices of energy and input materials; (2) Competition among enterprises in bongdaso com vn same industry; (3) Risks from bongdaso com vn supply chain; (4) Political instability in bongdaso com vn world; and (5) bongdaso com vn demand for shopping and consumption decreases. bongdaso com vn biggest challenge – Energy price volatility – is bongdaso com vn biggest difference in bongdaso com vn economic landscape of bongdaso com vn logistics industry this year, stemming from bongdaso com vn Russia-Ukraine political conflict that started in March, leading to a huge shock to bongdaso com vn world supply which makes bongdaso com vn global energy market highly volatile. Fuel costs account for a large proportion in bongdaso com vn operating cost structure, posing a big problem for logistics companies in terms of price adjustment. 63,2% of enterprises surveyed by Vietnam Report said that total costs increased in bongdaso com vn first 9 months of this year compared to bongdaso com vn same period last year.
Nearly one-third of businesses recorded a significant increase in fuel costs. Moreover, when fuel prices become a burden on businesses, it will cause many disadvantages in competition, typically increasing bongdaso com vn gap in logistics costs of Vietnam compared to bongdaso com vn world and regional averages. In ASEAN, Vietnam is now at 16,8%, higher than Singapore (8,5%), Malaysia (13,0%) and Thailand (15,5%).
Figure 3: Top 5 challenges that logistics companies are facing
In addition, bongdaso com vn risks from supply chain disruptions, political instability in bongdaso com vn world, reduced demand for shopping and consumption due to rising inflation in developed countries also create a compound impact to domestic logistics industry. Many experts say that bongdaso com vn Russia-Ukraine conflict is disturbing bongdaso com vn already fragile global supply chains after bongdaso com vn "hit" of bongdaso com vn COVID-19 pandemic.
One year ago, most of business leaders in bongdaso com vn industry thought that bongdaso com vn congestion at ports - a testament to bongdaso com vn imbalance of supply and demand - would only last until mid-2022, however, before bongdaso com vn complicated movements have arisen in 2022, this challenge is forecasted by nearly 80% of businesses to continue until bongdaso com vn end of 2023 and even after that when COVID-19 prevention measures removed in most markets (including China).
52,6% of enterprises participating in bongdaso com vn survey of Vietnam Report said that bongdaso com vn number of orders decreased, inventory increased. Notably, at some enterprises, bongdaso com vn decrease was up to 30-40% compared to bongdaso com vn same period in 2021, especially for exports to bongdaso com vn US and EU regions. Analysis of financial statements of 34 logistics companies listed on bongdaso com vn stock exchange also showed that, in bongdaso com vn third quarter, an additional 8,8% of enterprises were transferred from bongdaso com vn group "on bongdaso com vn way to recovery" in bongdaso com vn first 6 months of 2022 to "decline" in bongdaso com vn first 9 months of bongdaso com vn year, reflecting bongdaso com vn relatively large elasticity of bongdaso com vn industry's business results to domestic and international fluctuations.
Outlook for bongdaso com vn logistics industry in 2023 and trends shaping Vietnam market in bongdaso com vn next 3 years
According to bongdaso com vn IMF's October report, bongdaso com vn US and EU will see GDP growth of 1% and 0,5% in 2023, respectively, compared with 1,6% and 3,1% this year. Besides, China with COVID-19 prevention measures and bongdaso com vn real estate crisis that took place at bongdaso com vn end of June, is forecast to grow 4,4% in 2023, 0,2 percentage points lower. compared with bongdaso com vn previous forecast. Thus, with bongdaso com vn world's three largest economies all experiencing low growth next year, bongdaso com vn forecast for global growth in 2023 is also less favorable and is only 2,7%, followed by global trade output, which creates challenges for bongdaso com vn global economy, trade and logistics. A survey by Vietnam Report showed that 52,6% of enterprises forecast that bongdaso com vn growth of bongdaso com vn logistics industry in 2023 would be low despite bongdaso com vn commodity market at bongdaso com vn end of bongdaso com vn year and bongdaso com vn Lunar New Year tending to increase sharply, creating great demand for logistics activities.
In a broader context - bongdaso com vn world is entering a new economic cycle, Vietnam Report's research shows bongdaso com vn trends that shape bongdaso com vn operation of bongdaso com vn logistics industry in particular and bongdaso com vn supply chain in general. While technology helps companies improve bongdaso com vn efficiency, flexibility, and speed of their supply chains, economic shocks, political tensions, or bongdaso com vn recent COVID-19 pandemic have continuously tested these characteristics, thereby forcing businesses to adapt continuously and quickly.
Figure 4: Trends shaping bongdaso com vn logistics market in bongdaso com vn next 1-3 years and their influence on a 5 . scale
In bongdaso com vn short term, bongdaso com vn market determinants are mainly related to socio-economic issues such as: Logistics Marketplaces; Future of Work; Omnichannel Logistics; Sustainable Logistics; Fresh Chain; and Rethinking Packaging. These factors are considered by more than 50% of enterprises in bongdaso com vn industry to create a great influence on bongdaso com vn development of bongdaso com vn industry in bongdaso com vn next normal period with an impact level of 3,45 on a 5-point scale. In which, Sustainable logistics is rated as having bongdaso com vn most impact (4,15/5).
bongdaso com vn ecological imbalance and bongdaso com vn growing demand for sustainable solutions have created an urgent need for environmentally friendly activities in bongdaso com vn supply chain: from raw material extraction to finished poroduct management at bongdaso com vn end of its life cycle. bongdaso com vn World Economic Forum predicts that by 2030, bongdaso com vn growth of e-commerce alone will lead to 36% increase in bongdaso com vn number of delivery vehicles, creating an additional 32% in carbon emissions. Sustainable logistics, also known as "green" logistics, is an enterprise's effort to reduce bongdaso com vn harm to bongdaso com vn environment caused by logistics activities.
According to bongdaso com vn latest research by Facts and Factors, bongdaso com vn demand for size and market share of bongdaso com vn global green logistics market is valued at about US.038,5 billion in 2021, expected to reach over US.481,5 billion by 2028 at a CAGR of 6,1%. Accordingly, investing in green logistics helps businesses gain a competitive advantage over their competitors. A survey by Vietnam Report shows that nearly 90% of businesses believe that bongdaso com vn implementation of a sustainable development strategy can enhance bongdaso com vn brand value of bongdaso com vn business; 84.2% of businesses can identify risks and opportunities by implementing a sustainable development strategy; 52,6% said that customers value sustainable development actions that businesses can achieve.
In contrast, technology trends play a role in bongdaso com vn long term as technology is reshaping bongdaso com vn way we consume physical goods and digital services. Some trends that are assessed by most businesses in bongdaso com vn industry with great influence include: Big Data Analytics; Internet of Things and Artificial Intelligence.
In bongdaso com vn context of adapting to new trends, Vietnam Report's survey shows bongdaso com vn priority strategies that logistics companies have implemented in bongdaso com vn past year and 1-2 years ahead, including: (1) Expanding bongdaso com vn supply chain & search for new markets; (2) Increasing capital sources for technology equipment for digital transformation; (3) Strengthen staff training to serve bongdaso com vn digital transformation process. These are also 3 strategies throughout bongdaso com vn past 2 years.
Figure 5: Priority strategies of logistics companies in bongdaso com vn past year and bongdaso com vn next 1-2 years
bongdaso com vn demand to expand bongdaso com vn supply chain continues to be a strategy focused by most businesses in bongdaso com vn context of a new type of globalization after COVID-19. Before that, globalization was an overarching theme in bongdaso com vn 21st century with supply chains and distribution networks spanning bongdaso com vn world. Today globalization is entering a new phase as emerging economies consume more than they produce and countries in developing markets are finding new ways to improve bongdaso com vn security of important supply chain and stability of their economics.
By 2025, it is expected that bongdaso com vn global economy will be dominated by three main focus region: North America, bongdaso com vn European Economic Area, and China. As global trade growth slows, rising regional trade will provide a new impetus for globalization. In bongdaso com vn field of e-commerce, cross-border transactions are growing at twice bongdaso com vn rate of domestic transactions. With recent geopolitical uncertainty, businesses are constantly reviewing and adjusting their supply chains as they seek to balance cost, speed, and risk.
Efficiency has long been top supply chain priority for most businesses. bongdaso com vn effort to reduce overall costs has spurred bongdaso com vn development of low-cost sourcing and just-in-time strategies. This approach proved to be quite successful until bongdaso com vn trade war and bongdaso com vn COVID-19 pandemic, exposing bongdaso com vn weakness of bongdaso com vn supply chain when it depends too much on one point. This forces businesses to focus on strategies for sourcing diversity, flexibility, and increased resilience by sourcing critical materials, semi-finished products, and services from multiple suppliers. China + 1 is one such strategy that is currently being considered by many large enterprises. This is also a great opportunity for Vietnam thanks to its inherent competitive advantages: geopolitical position, young population size, etc. According to bongdaso com vn ranking of Agility 2022, bongdaso com vn Vietnamese logistics market is ranked 11th in bongdaso com vn group of 50 emerging logistics markets globally for to bongdaso com vn strong "transformation" of enterprises providing and using logistics services.
bongdaso com vn enterprise's ultimate goal is a supply chain that is both automated and agile, able to sense, adapt, and learn as supply and demand conditions change. However, as digital approaches increasingly become bongdaso com vn focus of supply chains and logistics processes, businesses are realizing that they need to pay more attention to bongdaso com vn human aspect of their operations. Digital systems need humans to build, maintain and improve them, supply chain operations require close and continuous cooperation between humans and machines.
Businesses that fail to recognize bongdaso com vn central role people play in their supply chain success are facing problems ranging from a shortage of skilled personnel to a complete rejection of promising technologies. In bongdaso com vn coming years, businesses will need to address this by adopting a people-centered innovation approach. Leaders have been working hard to promote digital thinking: setting positive cultural norms, standardizing processes, and continuously training bongdaso com vn workforce.
Source:https://vietnamnet.vn/top-10-cong-ty-uy-tin-nganh-logistics-nam-2022-2086381.html
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