Comparing the current results to its competitors, Best Inc reported Revenue increase in the 4 quarter 2023 by 4.32 % year on year, while most of its competitors have experienced contraction in revenues by -9.06 %, achieved in the same quarter.
Best Inc , slower than the average decrease reported by the company's competitors of -45.15 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -45.15 %
Best Inc 's Comment on Competition and Industry Peers
The company operates in multiple sectors, including supply chain management, freight delivery, B2B platforms for convenience stores, SaaS software services, and logistics brokerage. Its competitors include total supply chain solution providers JD Logistics and SF Holdings. In supply chain management, competitors include P.G. Logistics and Annto Logistics. Freight service competitors include DEPPON Logistics and ANE Logistics. For the BEST Global business segment, competitors include Kerry Express and J&T Express. Other companies offering similar or competing services also present competition. Competitors identified in company filings are ANE Logistics, Annto Logistics, DEPPON Logistics, J&T Express, JD Logistics, Kerry Express, P.G. Logistics, and SF Holdings.
Overall company revenue, increased by 4.32 % faster than Best Inc 's competitors within this division and its market share improved to approx. 1.06 %. << More on BEST Market Share.
*Market share is calculated based on total revenue.
Alaska Air Group Inc operates as a prominent airline holding company in the U.S. focusing on providing passenger and cargo air transportation services. Their business model emphasizes a commitment to safety, efficiency, and customer satisfaction, delivering a high-quality travel experience. Additionally, they leverage a strong regional presence and strategic partnerships to enhance their service offerings and operational performance.
Chargepoint Holdings Inc operates a business model focused on the deployment and operation of electric vehicle charging stations. They provide charging hardware, software, and services to various organizations and individuals, enabling them to easily charge their electric vehicles. Chargepoint generates revenue through equipment sales, network subscriptions, and service fees, making it a prominent player in the growing electric vehicle charging infrastructure industry.
Delta Air Lines Inc operates as a major American airline, focusing on passenger and cargo transportation services within a vast global network. The company generates revenue through ticket sales, ancillary services, and cargo operations, while differentiating itself by offering a range of seating options, a comprehensive route network, and robust alliance partnerships.
DuPont De Nemours Inc operates as a diversified science and technology company, leveraging advanced materials and innovative solutions to serve multiple industries such as agriculture, electronics, transportation, and healthcare. The companys business model emphasizes sustainability and innovation, aiming to meet the evolving needs of its customers while addressing global challenges.
Sources:
Best Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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