Avery Dennison Corporation vs ZTO Express (Cayman) Inc.: Efficiency in Cost of Revenue Explored

Exploring Cost Efficiency: Avery Dennison vs. ZTO Express

In the ever-evolving landscape of global commerce, cost efficiency remains a pivotal factor for corporate success. This analysis delves into the cost of revenue trends for Avery Dennison Corporation and ZTO Express (Cayman) Inc. from 2014 to 2023. Avery Dennison, a leader in labeling and packaging materials, has maintained a relatively stable cost of revenue, averaging around $5.2 billion annually. Notably, their cost efficiency improved by approximately 40% from 2014 to 2023.

Conversely, ZTO Express, a major player in the logistics sector, experienced a significant surge in cost of revenue, escalating from $2.8 billion in 2014 to a staggering $26.8 billion in 2023. This represents an increase of over 850%, reflecting the company's rapid expansion and the growing demand for logistics services in China. This comparison highlights the contrasting strategies and market dynamics faced by these two industry giants.