CJ Logistics Provides Fulfillment Service to Retailers and Wholesalers at Yongsan Electronics Market

(From left) E-commerce representatives Sangwon Noh and Youngryeol Noh, CJ Logistics E-commerce Head Jaeho Ahn, and Team Leader Seongyong Jeong are taking a commemorative photo after signing the 'Electronic Device Fulfillment Construction Cooperation MOU'.

[Asia Economy Reporter Dongwoo Lee] CJ Logistics is launching a specialized fulfillment service for small and medium-sized electronic devices, following its services in fashion, pet products, and cold chain logistics.

On the 25th, CJ Logistics announced that it signed an MOU for 'Electronic Device Fulfillment Construction Cooperation' with 'Ecommerce,' the No.1 integrated order information platform company for electronic devices in Yongsan Electronics Market. The two companies plan to design logistics operation methods and build systems by comprehensively considering product attributes and expected volumes, aiming to start operations in October.

'Ecommerce' is a joint venture between 'WinWinSoft,' a seller tool specialist company, and 'EffectLab,' a big data analytics company. A 'seller tool' is a system that integrates and manages all processes such as product registration, order aggregation, and settlement that individual sellers must handle across various open markets. Approximately 80% of electronic device wholesalers and retailers in Yongsan Electronics Market are known to use WinWinSoft’s seller tool.

CJ Logistics provides high-quality logistics services through its 'e-fulfillment' center specialized in e-commerce order processing. It jointly stores small and medium-sized computer peripherals such as keyboards, mice, and Wi-Fi routers sold by wholesalers and retailers on the Ecommerce platform, then handles the entire logistics process including packaging, shipping, and delivery according to online orders. By having CJ Logistics perform logistics tasks previously handled directly by wholesalers and retailers, burdens related to warehouse maintenance, logistics operations, and store management can be alleviated.

Delivery times are also expected to be shortened by about 1 to 3 days through CJ Logistics’ fulfillment service. The existing three-step process (wholesaler-retailer-consumer) is simplified to two steps (fulfillment center-consumer), reducing product shipment time and enabling faster delivery. This allows wholesalers and retailers to respond more quickly to the rapidly increasing online orders. The frequency of order cancellations due to shipment and delivery delays is also expected to decrease, revitalizing product sales.

In particular, CJ Logistics offers a '24-hour order cutoff' service linked with its courier hub terminal. While general courier services close orders at 3 PM considering packaging and collection times, CJ Logistics’ fulfillment service immediately ships products to Gonjiam Mega Hub, located one hour away after completing shipment tasks, allowing products ordered by midnight to be delivered the next day. Gonjiam Mega Hub is Asia’s largest logistics terminal, serving as a 'hub' for sending products nationwide.

CJ Logistics plans to gradually expand the computer and electronic device logistics market by designing logistics processes optimized for electronic devices and successfully operating fulfillment services.

A CJ Logistics official stated, “We will provide top-level fulfillment services by leveraging advanced logistics technology and the country’s largest delivery network infrastructure,” adding, “We will offer various fulfillment platforms to meet the increasingly diverse service expectations of customers.”

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