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China's e-commerce logistics index for Aug 2022 slips by 2.2 points

13 Sep '22
1 min read
Pic: Shutterstock/ cybrain
Pic: Shutterstock/ cybrain

China’s e-commerce logistics index for August 2022 decreased by 2.2 points to 104.2 points, compared to July 2022, owning to a rise in COVID-19 cases in the country.

A survey, which was jointly carried out by the China Federation of Logistics and Purchasing and e-commerce giant JD.com, calculated the index. The study ascribed the decline in e-commerce logistics businesses in China in August to the interruptions resulting from COVID-19 in market demand and supply, according to Chinese media reports.

However, the survey expects a positive outlook for the index in September 2022, as the reopening of schools in the coming days may create a conducive environment for the e-commerce logistics industry.

The index is based on the statistics of January 2015 with the starting point at 100.

Fibre2Fashion News Desk (NB)

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