CJ Logistics-Good Neighbors Support Overseas Logistics to 'Revitalize Social Economy'

CJ Logistics Supports Activation of Social Economy Organizations Through Logistics Network

[Asia Economy Reporter Yoo Je-hoon] CJ Logistics announced on the 5th that it signed a logistics-dedicated and joint cooperation memorandum of understanding (MOU) with the Good Neighbors Global Impact Foundation (hereinafter Global Impact) on the 4th to revitalize the social economy.

Global Impact is an organization established in March last year by Good Neighbors, an international relief and development non-governmental organization (NGO), for international development cooperation projects. It supports sustainable economic development within local communities through the establishment and operation of cooperatives and social enterprises in 37 countries worldwide.

Based on this agreement, CJ Logistics will be responsible for the import and export logistics of overseas products such as Mongolian cashmere (fabric woven from goat hair) and Bangladeshi jute bags (bags made from jute) produced by cooperatives and social enterprises operated by Global Impact. Global Impact expects to reduce costs and time incurred during distribution by utilizing CJ Logistics' network and infrastructure.

Hyun Jin-young, CEO of Global Impact, said, "Through a logistics-dedicated system with CJ Logistics, we will support stable sales channels and strive to help overseas cooperatives achieve more competitive and stable economic independence." Eun Sun Lee, head of CJ Logistics, also stated, "We will continue to cooperate to contribute to the revitalization of the social economy by utilizing our global network in over 40 countries worldwide."

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