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THE HAGUE: March 21, 2018. Damco, part of the A.P. Moller-Maersk Group, is introducing a logistics returns solution for cross border e-commerce in China.

DAMCO buildingThe company says with volumes expanding 70 percent annually, return shipments are also expected to rise from their current 30-40 percent ratio level.

Damco says its latest all-digital initiative is aimed at reducing the cost of return logistics – paid for either by the buyer or seller – with support from government and local authorities.

“In global e-commerce, speed and visibility are essential. Our goal is to connect and simplify our clients’ supply chains,” explained Damco global head of e-commerce Damon Gu. “That means offering the fastest route to government approval, speeding up the process and reducing costs. Furthermore, new digital platforms will deliver complete supply chain visibility and product traceability.”

The company is launching the new service in Nansha Free Trade Zone, Guangdong Province, where sister company APM Terminals is expanding its port terminal operations.

Last month DHL Express and the Cranfield School of Management published a guide on the BtB potential for international e-commerce. According to Forrester Research. B2B transactions are expected to reach US$1.2 trillion within the next five years.

"We have seen B2C e-commerce grow at a faster pace than most other industry sectors in recent years, with premium cross-border shipments growing from 10 percent to more than 20 percent of the volumes of DHL Express," commented DHL Express CEO Ken Allen. "As this study shows, there is the same potential for cross-border B2B e-commerce to grow at a dynamic pace."

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