Retail & Insight Signs Agreement with Ansan Supermarket Association: "A Distribution Revolution Will Happen"

[Asia Economy (Ansan) = Reporter Lee Young-gyu] Retail & Insight Co., Ltd. (CEO Seong Jun-gyeong) is taking steps to revitalize the Small and Medium Distribution Joint Wholesale Logistics Center. Retail & Insight Co., Ltd. is a distribution service company specializing in retail consulting and product sourcing capabilities.

On the 29th, Retail & Insight Co., Ltd. announced that it signed a business agreement with the Ansan Supermarket Cooperative to revitalize the Small and Medium Distribution Joint Wholesale Logistics Center.

The Small and Medium Distribution Joint Wholesale Logistics Center is a non-profit organization established in 2012 with support from the government and Ansan City to supply various products at affordable prices to members of neighborhood supermarkets in the Ansan area. It is operated by the Ansan City Supermarket Cooperative.

Song Hong-cheol, Chairman of the Ansan City Supermarket Cooperative, said, "Due to difficulties in distribution operations with small capital making it hard to generate profits, the Small and Medium Distribution Joint Wholesale Logistics Center has limitations in building self-sustainability to compete with large distribution companies. Through this business agreement with Retail & Insight Co., Ltd., we hope to provide members with various products at affordable prices and create an environment where members can focus on sales."

Im Won-bae, Chairman of the Korea Supermarket Cooperative Federation, said, "Most Small and Medium Distribution Joint Wholesale Logistics Centers nationwide are in similar situations. If the Ansan Joint Wholesale Logistics Center is revitalized and becomes a successful case where its original role is effectively fulfilled, we plan to benchmark this and expand it to Small and Medium Distribution Joint Wholesale Logistics Centers across the country."

In response, Seong Jun-gyeong, CEO of Retail & Insight Co., Ltd., advised, "While large marts receive products cheaply through direct transactions with manufacturers and production sites, neighborhood supermarkets receive products through multiple stages of distribution agencies, which inevitably reduces price competitiveness. If an integrated IT information infrastructure is established for the 34 Small and Medium Distribution Joint Wholesale Logistics Centers nationwide and integrated purchasing through collaboration is promoted, it will reduce distribution stages and logistics costs, thereby securing the price competitiveness and product competitiveness of neighborhood supermarkets."

This content was produced with the assistance of AI translation services.