DHL, Temu sign MoU to support local businesses
DHL to support Temu's local-to-local initiative, which will eventually account for 80% of its sales in Europe.
(From left): Katja Busch, CCO and Head, DHL Customer Solutions & Innovation and Qin Sun, Co-Founder, Temu.
DHL Group has signed a memorandum of understanding (MoU) with the e-commerce marketplace Temu to deepen their cooperation 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," says an official release from DHL.
DHL will support Temu through its logistics expertise, including multimodal transportation solutions, to provide 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, the release added.
"Through our various DHL divisions, we are already providing a wide range of logistics services and solutions, including air freight and last-mile delivery," says Katja Busch, CCO and Head, DHL Customer Solutions & Innovation. "We are excited to elevate our partnership with Temu to the next level. 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."
Qin Sun, Co-Founder, Temu adds: "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."
As part of the MoU, DHL 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. Temu expects up to 80 percent of its total sales in Europe to come from the local-to-local model. DHL will also assist Temu in growing its presence in e-commerce markets including Europe, Middle East and Africa (EMEA) regions, the release added.
