Market Trends of Asia Pacific Event Logistics Industry
Sports Events are Driving the Market in the Region
Beijing Winter Olympics: JD Logistics has provided logistics services at the Beijing 2022 Winter Olympics. As China’s sports industry continues to grow and transition from a large sports nation to a strong sports nation, other industries are also following suit. They are China’s first logistics service provider at the 2022 Winter Olympics. JD Logistics, the logistics service provider for the 2022 Beijing Winter Olympics and 2022 Winter Paralympics, broke the 26-year tradition of the logistics service providers for the Beijing Winter Olympics. On 3 November 2020, the Beijing Winter Olympic Service Area of the Beijing municipal government procurement network announced that the bid for the 2022 Beijing 2022 Winter Olympic and 2022 Beijing Winter Paralympics was won by JD Logistics. The bid price for 2022 Beijing 2022 was reported to be 67.29 million RMB (USD 9.44 mn). The 2022 Beijing Olympic and 2022 Beijing Paralympic Logistics project is a project of the Beijing Olympic and Paralympic Organizing Committee.
In September 2022, it was announced again by the Beijing municipal government procurement network that the bid was won by JD Logistics for the project of the baggage transportation service provider for the Beijing 2022 Olympic and Paralympic Organizing Committee, amounting to 25 million RMB (USD 3.51 mn). The following year, in December 2022, another announcement revealed that JD.com had once again sold the project of athlete ingredients warehouse and logistics service procurement for the Beijing 2022 Beijing Olympic and Paralympic Organizing Committee, amounting to 15 million RMB (USD 2.10 mn). JD.com has served Olympic events for the first time in China, from the check-in of baggage to the food transportation to the overall logistics services done by JD Logistics.
China Dominates the Region in the Market
YTO Express, in the eastern Chinese province of Zhejiang’s capital, Hangzhou, will be the Official Logistics Services Sponsor of the 2022 Asian Games in Hangzhou.
Shanghai, the eastern tech hub that will host the games every four years for the third time, is set to re-emerge with a bang with the mega-sports competition scheduled for September 2022. YTO Express, a courier firm based in Shanghai, has agreed with the organizing committee to fund the event through cash and cash equivalent. YTO Express will set up an IT system and provide logistics services to event clients, including customs clearance and delivery, as well as warehousing and other logistics, the company said. In exchange for sponsoring the event, YTO Express will be given space inside the venue to promote the Asian Games. It will be considered the first logistics service sponsor for the 2026 games, which will be held in the Japanese prefecture of Aichi.
