Core Viewpoint - The establishment of the first cross-border e-commerce export return center warehouse in Shandong marks an upgrade in the service capabilities of Shandong Port Logistics Group, facilitating smoother return processes for cross-border e-commerce packages [1][3]. Group 1: Center Warehouse Functionality - The new center warehouse allows for a closed-loop process for package storage, sorting, declaration, inspection, and handling, significantly reducing the return cycle from 40 days to one week [3]. - The first batch of returned packages, valued at approximately 1.1 million yuan (around 0.16 million USD) and consisting of about 2,960 items, was successfully processed through the center warehouse [3]. Group 2: Industry Challenges and Solutions - Previously, many returned goods were stranded overseas due to long return cycles, high costs, and complex processes, leading to increased operational costs for businesses and hindering industry growth [4]. - The center warehouse was developed in collaboration with Weihai Customs and relevant departments to address these pain points by streamlining reverse logistics, simplifying declaration and inspection processes, and enhancing information management [4]. Group 3: Economic Impact - Initial estimates suggest that the center warehouse can handle up to 150,000 returned items annually, saving businesses over 40 million yuan (approximately 5.7 million USD) in operational costs and alleviating pressure on enterprises [4]. - The improved logistics efficiency is expected to positively impact export business growth, creating a "smooth in and out" dual logistics channel [4].