Russian Railways looks to reorientation to regain lost volumes
Russian Railways is continuing to reorient operations as more sanctions take hold, and its first-quarter ...
NYSE-listed Chinese e-commerce company Vipshop has joined compatriot peers Alibaba and JD.com in establishing a logistics arm.
Last month, Vipshop incorporated Guangzhou Heju Supply Chain (a literal translation), whose business scope will include container leasing, recycling and the wholesale of recycled materials, according to the Chinese corporate registry.
Founded in 2008 by Eric Shen and Arthur Hong, Guangzhou-based Vipshop runs a website, VIP.com, and was listed on the NYSE in March 2012.
After Alibaba’s Tmall and JD.com, VIP.com is China’s third largest e-commerce site with more than 300m users across the country. In 2020, Vipshop’s net profit surged 47% on 2019, to $905.3m, as the Covid-19 pandemic drove online purchases.
Previously, Vipshop delivered customer orders with an in-house company, Pinjun Express, but in November 2019, Vipshop shut it down, outsourcing deliveries to compatriot logistics group SF Holdings.
Now, it may be that Vipshop is rethinking its supply chain management strategy, as Chinese consumers gravitate towards e-retailers, returning to in-house delivery solutions.
Cainiao and JD.com have expanded their local delivery infrastructure, such as pick-up stations, largely based on 5G technology and integrated communications, beyond China.
Container freight rates: 'collapse' is the word, says Xeneta
CMA CGM liner trades pummelled in Q1 – and there's worse to come
Mexican rail seizures give near-shoring interests pause for thought
Cargo shifts back to US west coast ports, but some has gone for good
Worker no-shows force US west coast port terminal shutdowns
Digital forwarders back in the spotlight: can they compete?
Major box lines still fighting over diminishing supply of smaller ships
'Alarming signals' as airfreight capacity rises and rates fall
Hapag-Lloyd CEO bullish on prospects for a peak season
Hapag-Lloyd kicks off its ship demolition programme
Evergreen and Wan Hai face up to bearish market as profits tumble
FedEx pilots win ‘tentative agreement’ on new contract after strike threat
Comment on this article