[下载]摩根--中国物流报告译稿
<p>down758.asp?ID=85716</p><p></p><p class="MsoNormal" align="center" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center; mso-layout-grid-align: none;"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">摩根·斯坦利亚太投资研究组<span lang="EN-US"><p></p></span></span></p><p class="MsoNormal" align="center" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center; mso-layout-grid-align: none;"><b style="mso-bidi-font-weight: normal;"><span style="FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">产业概览<span lang="EN-US"><p></p></span></span></b></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><b style="mso-bidi-font-weight: normal;"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">·物流是古老的但是在所有的商业活动中又是关键的<span lang="EN-US"><p></p></span></span></b></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;"><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">我们估计,中国每年的物流费用超过<span lang="EN-US">2000</span>亿美元,其中第三方物流<span lang="EN-US">(3PL)</span>仅占物流市场的<span lang="EN-US">2%</span>。<span lang="EN-US"><p></p></span></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><b style="mso-bidi-font-weight: normal;"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">·外包物流是中国发展的趋势<span lang="EN-US"><p></p></span></span></b></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;"><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">在中国,大多数的物流服务是企业自营的。由于加入<span lang="EN-US">WTO</span>和国企的股份制改造<span lang="EN-US">,</span>效益与成本控制的驱动会促使物流转向外包给<span lang="EN-US">3PL</span>服务提供商。<span lang="EN-US"><p></p></span></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><b style="mso-bidi-font-weight: normal;"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">·物流由单一功能向一体化服务发展</span></b><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;"><p></p></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;"><span style="mso-spacerun: yes;"> </span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">中国的物流业从单一环节的服务<span lang="EN-US">(</span>诸如仓储或点到点的运输<span lang="EN-US">)</span>,向一体化服务发展。<span lang="EN-US"><p></p></span></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><b style="mso-bidi-font-weight: normal;"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">·中国一体化的物流服务业是一个新兴的发展迅速的产业</span></b><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;"><p></p></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;"><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-size: 10.0pt; mso-font-kerning: 0pt;">物流管理的实质是采用系统的方法,降低物流总成本,并满足客户需要。一站式服务(<span lang="EN-US">one-stop service</span>)的提供商获得较高的投资回报(<span lang="EN-US">ROE</span>),我们预期未来<span lang="EN-US">10</span>年内这类服务的收入将有<span lang="EN-US">20%</span>的增长幅度。<span lang="EN-US"><p></p></span></span></p><p><br/></p> <p>谢谢了,先看看再说</p> <p>谢谢了 学习下</p> hao 收了,谢谢分享 <p>很有用的资料。但是遗憾的是更重要的东西被略去了。</p><p>感谢!</p> 先收了,谢谢哦!
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