Suning Logistics is signing a strategic cooperation agreement with the world's largest direct sales company Amway.
The two parties will reportedly implement innovative cooperation in new retailing models, supply chain solutions, end-user services, and user experience design. The cooperation will focus on East China region, where Amway has the best sales, and southwestern region, where Amway's logistics is weak.
Under the agreement signed by the two parties, Suning Logistics will provide full-chain logistics services to Amway China, including warehousing, transportation, end delivery, and reverse logistics. Financial terms of the agreement were not released.
2017 is the third year for Suning Logistics to be operating in China. So far, the company has provided services like contracted logistics, TC transport, warehousing operation, integrated warehousing and delivery, supply chain finance, and warehousing rentals.
Suning Logistics has teamed with more than 2,000 third-party enterprises and 100,000 platform vendors. In 2016, Suning logistics' social logistics revenue saw a year-on-year increase of 320.33%; while for the first quarter of 2017, it saw a year-on-year increase of 192.21%.