How can Baishi express continue with the loss of employees and the retention of parcels?

category:Finance
 How can Baishi express continue with the loss of employees and the retention of parcels?


For express delivery enterprises, double 11 is not only a good time to boost performance, but also a major test of the comprehensive ability of enterprises. But in this critical period, the express delivery enterprises in the country have failed outlets, express package retention and other problems.

The person in charge of a website of Baishi express in Shanghai told time finance and economics that after the Spring Festival, the headquarters of Baishi express reduced the delivery fees distributed to express stations and couriers, leading to the closure of many express outlets across the country.

Guangzhou Baishi express network boss running away

Guo Xin, a Guangzhou citizen, told Shidai finance and economics that he recently bought a product on the Internet, which was shipped by Baishi express from Jiangsu Province to Guangzhou. However, after waiting for 20 days, he could not receive it, so he had to refund it. It is worth noting that its express package in Guangzhou Baishi express Panyu transfer center detained for half a month.

Mr. Liu, who works in Guangzhou, has the same doubts. His package carried by Baishi express also has problems. After waiting for more than ten days, he can only apply to the merchant for reissue.

Time finance and economics found that Baishi express delivery problems are not an exception. On micro-blog and other platforms, netizens make complaints about the world express.

On the public welfare consumer complaint platform, there were 1337 complaint posts about Baishi express, most of which were related to express delivery stranded without delivery, lost items and package damage.

Photo source: screenshot of complaints gathering

In view of the above problems such as the closure of the outlets and the retention of packages, time finance has repeatedly called Baishi group for telephone interviews, but it has not been connected up to the time of publication.

Time finance and economics visited Baishi express site in Guangzhou City randomly and found that some express delivery sites had been closed.

A small brother of Baishi express in Panyu District of Guangzhou disclosed to time finance and economics that he is currently in charge of the area. Due to the departure of the former outlet boss and the resignation of the courier, a large number of express packages were detained and complaints were made continuously. He said that at present, there are no outlets in this area, but did not disclose why the boss ran away.

The person in charge of a website of Baishi express in Shanghai told time finance and economics that after the Spring Festival, the headquarters of Baishi express reduced the delivery fees distributed to express stations and couriers, leading to the closure of many express outlets across the country.

According to the China business daily, since May 2020, the delivery fee of Baishi express in many provinces has been reduced by 1-3 cents.

The person in charge of the Shanghai Branch of Baishi express said that if the logistics information delivery of Baishi Express has been stagnant for several days in a certain place, it is very likely that there will be a strike in the local outlets. It is better to apply for a refund and return instead of waiting for express delivery. The reason why her network can survive better is that the delivery fee in Shanghai is slightly higher, so it can barely support it.

The transfer center lost staff and the package stayed for half a month

On the afternoon of October 20, time finance came to Guangzhou South distribution center of Baishi express.

Baishi express distribution center freight car era financial photos

Baishi express Guangzhou South distribution center is located in Guangzhou Junjian Auto Parts Industrial Park, with three large warehouses. In addition to Baishi express, there are Jingdong, Shunfeng, Zhongtong and other express enterprises in the park, but they are still in decoration and have not yet equipped with machines.

It is reported that Baishi Express has been in this logistics park for about a year, and it is the first express enterprise to settle in. SF, Zhongtong and Jingdong have only recently settled in.

Zhang Hai, the sorter of Baishi express, told time finance that the Guangzhou South distribution center of Baishi express is Panyu transfer center, which is the largest site of Baishi express in Guangzhou.

According to the annual report of SF, the average monthly salary of employees is 8486 yuan. A Guangzhou Shunfeng express told time finance that the minimum monthly salary is more than 6000, which is higher than that of Baishi express.

Zhang Hai told time finance and economics that the strike at Baishi express site did exist, which also directly led to a certain degree of decline in daily parcels at distribution points. However, there is no strike phenomenon in the distribution center, and more is the embarrassment of staff loss and no recruitment.

Baishi group is a typical asset light mode. Most of its express outlets adopt franchisee mode, only responsible for the national hub transfer center system. For such enterprises as Baishi express, franchisees of express outlets should not run away. This shows that the company can not accurately grasp the real operation of the network and has limited control over the express network. And the problem of the transfer center in charge of the problem is more obvious.

Wang Jing, who is familiar with the logistics industry, told Shidai finance and economics that whether it is asset light or asset heavy operation mode, their mode itself has no problem, but in actual operation, there will be some problems to be solved.

In the process of asset light operation, improper operation decision-making may lead to franchisee running away, express delivery lost and other problems. This is not a dead hole, but can be prevented and avoided, such as joint operation with heavy assets, or selection of high-quality partners, etc. Wang Jing said, personally, Baishi should choose the most appropriate comprehensive operation mode from the perspective of product positioning and market demand.

Baisheng is the only listed express company with loss

Public information shows that Baishi express is a large-scale express company, which was established in 2003 and headquartered in Hangzhou. The companys business scope includes: less than carload express, red express, special transportation and collection of payment for goods and other projects.

On September 20, 2017, Baishi group was listed on the New York Stock Exchange. It is worth noting that since its listing three years ago, although its revenue can be comparable with three links and one delivery, its market value is only a fraction of the four express companies mentioned above.

In addition, Baishi group is the only listed express company which has a year-round performance loss, which may be the reason for its stock price downturn. Times financial inquiry showed that the closing price of Baishi group on the 21st was $2.77, down 72% from the issue price of $10.

Time finance learned from the financial report of Baishi group in the second quarter of this year that the companys revenue in the second quarter was 8.418 billion yuan, a year-on-year decrease of 4.2%; the net loss was 30.9 million yuan, with a net loss of 22.4 million yuan in the same period of last year; and the gross profit was 570 million yuan, with a year-on-year increase of 9.6%. Caibao said that the decline in the average selling price of express delivery business was the main reason for the decrease in revenue.

Zhang Hai said that since this year, Zhongtong, Yunda and other express companies have reduced the express fee acceptance list, and Baishi, which originally focused on low prices, had to follow suit.

According to the September business Bulletin released by SF on October 19, the business volume and revenue of SF increased by 60.35% and 36.07% respectively, but the single ticket revenue decreased by 15.16%. This means that SF, which originally focused on medium and high-end products, has to join the price war under the fierce competition in the express industry.

Wang Jing said that the domestic express market tends to be saturated, in order to seize the market and increase business volume, express enterprises have to fight a price war. Although the price war can make enterprises quickly occupy the market in a short period of time, it is time-consuming and labor-consuming. It may even affect the customer experience due to the shortage of funds. Therefore, it is not suitable for large-scale and long-term competition.

When one or three enterprises stand out in the price war, that is, when the price war is nearly over, I think that in the past two years, the price war will come to an end in stages. At that time, the express market will reshuffle, but the new price war may come again. Wang Jing thinks.

Prior to this, it was reported that Baishi group was seeking a secondary listing in Hong Kong to enhance the companys valuation. The listing plan includes its express and express business, excluding Baishi supply chain and Baishi cloud. Industry insiders believe that under such circumstances, the listing of Baishi group in Hong Kong may have the consideration of obtaining financial support from the market, but reducing the delivery fee, the boss of express delivery station running away, the living and less money of the transfer center and the loss of personnel seem to be a dead circle. Whether Baishi group can obtain the expected valuation and support is doubtful. As for the prospect of Baishi express, which takes the low-end route under the industry price war, Wang Jing told Shidai finance and economics that it is obviously advantageous to focus on the middle and low-end markets in the price war. However, Baishi should pay attention to how to determine the development direction of the follow-up enterprises if it stands out in the price war. It can be said that in the long run, the price war can determine the life and death of an enterprise, but what really determines the development prospect of an enterprise is the direction of the enterprise after it survives. Wang Jing said. Source of this article: Chen Hequn, editor in charge of time finance and Economics_ NB12679

Prior to this, it was reported that Baishi group was seeking a secondary listing in Hong Kong to enhance the companys valuation. The listing plan includes its express and express business, excluding Baishi supply chain and Baishi cloud. Industry insiders believe that under such circumstances, the listing of Baishi group in Hong Kong may have the consideration of obtaining financial support from the market, but reducing the delivery fee, the boss of express delivery station running away, the living and less money of the transfer center and the loss of personnel seem to be a dead circle. Whether Baishi group can obtain the expected valuation and support is doubtful.

As for the prospect of Baishi express, which takes the low-end route under the industry price war, Wang Jing told Shidai finance and economics that it is obviously advantageous to focus on the middle and low-end markets in the price war. However, Baishi should pay attention to how to determine the development direction of the follow-up enterprises if it stands out in the price war.

It can be said that in the long run, the price war can determine the life and death of an enterprise, but what really determines the development prospect of an enterprise is the direction of the enterprise after it survives. Wang Jing said.