DHL, Temu in deal to boost Europe, Mideast SMEs growth
DUBAI, 7 days ago
DHL Group, a leading logistics company, has signed a MoU with the e-commerce marketplace Temu to deepen their co-operation and to further expand their successful partnership.
The agreement aims to enhance collaboration to better support local small and medium-sized enterprises (SMEs) in established markets as well as in growth markets, such as Eastern Europe and the Middle East. Both parties are committed to fostering compliant trade and sustainable practices.
As per the deal, DHL Group will support Temu through its logistics expertise, including multimodal transportation solutions, to provide more efficient and sustainable supply chain services.
With its dense network and global presence, DHL Group is the ideal partner to support Temu’s growth in both established and new markets, it stated.
"Through our various DHL divisions, we are already providing a wide range of logistics services and solutions, including air freight and last-mile delivery. We are excited to elevate our partnership with Temu to the next level," remarked Katja Busch, the CCO and Head of DHL Customer Solutions & Innovation.
"By combining our logistics capabilities with Temu's innovative platform, we can create more efficient, compliant and convenient solutions that benefit both consumers and local businesses in the markets we serve," he stated.
As part of the agreement, DHL Group will utilise its logistics expertise to support Temu's operations in Europe, including its local-to-local model, which enables local merchandise partners to sell on its platform and supports local fulfillment.
"This letter of intent marks a significant step in our partnership with DHL Group. Its extensive network and logistics capabilities will help support our mission to increase consumer access to affordable products and help increase growth opportunities for sellers," remarked Qin Sun, co-founder of Temu.
Temu, he stated, expects up to 80% of its total sales in Europe to come from this local-to-local model. Additionally, the e-commerce platform will enable European-based sellers to reach global markets in the future. This allows, in particular, SMEs to scale and expand their businesses, he noted.
DHL will also assist Temu in growing its presence in e-commerce markets, including the EMEA region, he added.-TradeArabia News Service
