Temu Expands Regional Footprint with Logistics Partnerships in Serbia and UAE; China's Export Shipping Rates Continue Decline Across Global Routes
Latest Dynamics of Logistics & Supply Chains in China's eCom
Here’s our pick for last week’s news:
GoodCang Expands Warehousing in Europe
Temu Expands Regional Footprint with Logistics Partnerships in Serbia and UAE
Cainiao to Enhance Fulfillment in Europe and U.S. by 2025
Kerry Logistics Strengthens Industrial Footprint with New Joint Venture in Thailand
BEST Inc. Malaysia Warehouse Named Shopee's Official Fulfillment Partner
MSC Unveils New Routes Connecting China to UK, Poland, Egypt, and Turkey
China's Export Shipping Rates Continue Decline Across Global Routes
LianLian Global and JCtrans Join Forces to Simplify Cross-Border Logistics Payments
COSCO SHIPPING Slashes Shipping Time by 12 Days on China-Peru Route
GoodCang Expands Warehousing in Europe
GoodCang, Zongteng Group's overseas warehouse, has expanded its facilities in Italy and Spain by 12,000㎡ and 10,000㎡, respectively, boosting storage capacity. The company's four major warehouses in Houston U.S., Mexico, Italy, and Spain are offering 90 days of free rent. With no limits on SKUs, shipment volume, and hidden fees, GoodCang enables businesses to expand across Europe and the U.S. seamlessly. By 2024, its total storage space has exceeded 1.6 million square meters.
Temu Expands Regional Footprint with Logistics Partnerships in Serbia and UAE
Temu has teamed up with Serbia Post for faster, more reliable deliveries, improving efficiency over traditional couriers. The company also collaborating with EMX, the logistics arm of Emirates Post's 7X, to introduce sea freight and parcel pickup services in the UAE and Gulf nations. This expansion streamlines fulfillment, cuts costs, and enhances the shopping experience. Since launching in the UAE in 2023, Temu has rapidly expanded across the region, including Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, and Jordan.
Cainiao to Enhance Fulfillment in Europe and U.S. by 2025
Cainiao is rolling out eight measures to support cross-border sellers, focusing on high-demand sectors like furniture, auto parts, smart home appliances, and 3D printing. The initiatives include supply chain support, freight subsidies, rent waivers, and fast compensation. Looking ahead to 2025, Cainiao will ramp up investments in Europe and the U.S., enhancing local fulfillment and using digital tools to cut costs and improve efficiency, helping Chinese brands grow globally.
Kerry Logistics Strengthens Industrial Footprint with New Joint Venture in Thailand
Kerry Logistics, the world's ninth-largest maritime cargo operator, has formed a strategic joint venture with POSCO Flow, the logistics arm of South Korea's steel giant POSCO. Through its Thai subsidiary, Kerry Siam Seaport Limited, POSCO Flow (Thailand) will be launched to become the preferred logistics partner for POSCO's subsidiaries in Thailand and Southeast Asia. This move solidifies Kerry's position in the Asian industrial logistics.
BEST Inc. Malaysia Warehouse Named Shopee's Official Fulfillment Partner
BEST Inc.'s Malaysia warehouse has been officially recognized as a Shopee local fulfillment partner for its exceptional business performance. Covering over 5,000 square meters, the facility supports a diverse range of industries, from footwear to electronics, FMCG, and healthcare. Equipped with advanced automation and a smart management system, it ensures efficient, integrated services from receiving to returns. The local team also delivers tailored logistics solutions, addressing client needs with speed and precision.
MSC Unveils New Routes Connecting China to UK, Poland, Egypt, and Turkey
MSC's MSC SVEVA vessel has docked at Dalian's Dayao Bay Terminal, marking the launch of the company's new East-West service. As a global leader in container shipping, MSC rolled out a revised route map in February 2024, unveiling the ALBATROS service connecting Northeast China directly to the UK (London, Felixstowe) and Poland (Gdansk). MSC's new TIGER route also links China to Egypt (Abu Qir) and Turkey (Tekirdag, Istanbul), reducing shipping times and costs while enhancing the global competitiveness of Northeast China's exports.
China's Export Shipping Rates Continue Decline Across Global Routes
The Shanghai Containerized Freight Index (SCFI) shows a six-week decline in shipping rates, with all major routes down. The index fell 9.3% to 1,595.08. Rates from the Far East to the U.S. West Coast dropped 17.97%, falling below $3,000, while East Coast rates plunged 18.05%, dipping under $4,000. This decline is attributed to the post-Lunar New Year off-season and shifts in U.S. policies, reducing demand. Slower-than-expected recovery post-Chinese New Year has further pressured rates. Even secondary routes are seeing declines, prompting Maersk to cut March pricing for European routes to $2,080-$3,200, well below its initial target.
LianLian Global and JCtrans Join Forces to Simplify Cross-Border Logistics Payments
LianLian Global has teamed up with logistics giant JCtrans to launch the support program for Southeast Asia's logistics, using China's payment solutions to tackle industry challenges. Xiang Xiaoying, Head of Trade Services at LianLian Global, said, "We want to make global logistics payments as easy as a cup of coffee." JCtrans, a B2B platform for freight forwarders, operates in 864 cities across 179 countries, with over 11,000 paid members and 660,000 users. Its network spans software tools, warehousing, customs, trucking, and shipping. LianLian Global, part of Lianlian DigiTech, offers secure, efficient cross-border finance solutions for international expansion.
COSCO SHIPPING Slashes Shipping Time by 12 Days on China-Peru Route
On February 25, COSCO SHIPPING's "Wuhan-Chancay" Yara Land-Sea Express set sail, carrying 60 cars and seamlessly connecting to the WSA3 direct shipping route. The service, linking CSP Wuhan to CSP Xiamen, cuts transit time by 12 days, reaching Peru's Port of Chancay faster than ever. This streamlined route boosts efficiency and reduces shipping costs.