Jowell Global Ltd. (NASDAQ: JWEL) Expands Scope of its Logistics and Distribution Cooperation ...
Jowell Global Ltd. (“JWEL” or the “Company”) (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, reported today that it has expanded its cooperation with ZTO Express (NYSE: ZTO), one of the leading express delivery companies in China in terms of parcel volume
SHANGHAI, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Jowell Global Ltd. (“JWEL” or the “Company”) (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, reported today that it has expanded its cooperation with ZTO Express (NYSE: ZTO), one of the leading express delivery companies in China in terms of parcel volume.
In November, 2022, JWEL and ZTO reached a customized warehouse distribution integration agreement which covers all logistic services for the Company, from warehousing management, express parcel distribution, express parcel packaging and express delivery, to be provided by ZTO Express.
Since the parties started cooperation a year ago in 2021, JWEL has used warehouse, logistics network and automatic sorting system at ZTO’s regional center for its order processing. The joint efforts of the two parties have reduced the amount of time goods in transit, costs and losses in turnover, significantly improved operating efficiency for JWEL.
Mr. Zhiwei Xu, Chief Executive Officer and Chairman of Jowell Global Ltd., commented: “ZTO operates a highly scalable network partner model that enables it to expand nationwide network quickly and provide e-commerce merchants with greater geographic reach at low cost. Operational efficiency and economies of scale enable JWEL to achieve strong operating leverage. After more than a year’s working closely with ZTO, it is a pleasure to announce an expansion to our collaboration. I anticipate the newly signed warehouse distribution integration agreement will prove to be a pivotal step in realizing our growth strategy and ensuring customer satisfaction around the world. The agreement will not only help us to simplify our logistics network, save on operating costs and deepen the relationship with ZTO, but also have a greater impact on our reputation to attract international brands and products to be sold on our platform, which is an important facet to provide sustainable growth for both parties.”
