Shipping giant ZIM Integrated Shipping Services Ltd. and e-commerce platform Alibaba.com are extending their cooperation agreement for two more years, the companies announced this week.
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The agreement which enabled Alibaba.com sellers to book and purchase sea freight on ZIM and logistic services from ZIM Logistics China, a wholly-owned subsidiary of ZIM, has now been expanded to include serving Alibaba.com buyers, as well.
This collaboration helps Alibaba.com offer its customers a more affordable transit alternative relative to air freight. The successful cooperation has been in place since 2020 and the significant growth of ecommerce and demand for freight capacity in the last year have led the parties to deepen their collaboration.
ZIM President and CEO Eli Glickman noted: "Since we launched the initial agreement with Alibaba.com, it has proven to be a highly successful and mutually beneficial partnership. We continue to position ZIM as a leading ecommerce service provider, while creating significant advantages for customers. It is part of our innovative strategic vision, and we are very proud to extend and expand this partnership with Alibaba.com to enhance the customer experience and further capitalize on growing ecommerce trends."
Kuo Zhang, General Manager of Alibaba.com added: "We are happy to continue our collaboration with ZIM to enhance our ecosystem designed to bring the best services to global customers quickly. In the next phase of the collaboration, we can offer global buyers more options and choices to manage and optimize their supply chains, and to thrive and succeed in the massive global B2B ecommerce opportunity."
