"From Small Volume to Room Temperature Products" hy's 'Predit Delivery Service' Enters Full-Scale Operation

Cumulative Delivery Volume Reaches 1 Million... Delivery Volume Expected to Surge Upon Completion of Nonsan Logistics Center

[Asia Economy Reporter Eunmo Koo] hy's new business, which challenges the logistics market with a delivery service utilizing the ride-on refrigerated cart ‘CoCo’, is now entering full-scale operation.

hy announced on the 14th that the cumulative delivery volume of the ‘Predit Delivery Service’ reached 1 million deliveries as of last November. It has been 7 months since the business was fully launched in May, with an average monthly delivery volume of 150,000.

The Predit Delivery Service is a business-to-business (B2B) service using hy’s own logistics network, providing logistics delivery on behalf of companies that do not have their own delivery system or wish to use hy’s distribution network. hy has built the system from a long-term perspective, starting with the development of the electric cart CoCo in 2014, and completed the Singal Logistics Center in 2017 to establish a stable delivery system.

The core of the Predit Delivery Service is the electric cart CoCo and the 11,000 ‘Fresh Managers’. By applying a cold chain system during the distribution process, freshness can be maintained until just before delivery, enabling the delivery of products that are difficult to handle such as fruits, lunch boxes, and salads. In particular, it is economical as it does not require essential materials for low-temperature maintenance such as styrofoam or refrigerants. Recently, due to regulatory improvements by the Ministry of Food and Drug Safety, delivery of packaged meat has also become possible, and the range of handled items is expected to diversify.

Additionally, Fresh Managers communicate with customers to adjust delivery times and respond in real time to customer requests such as returns. hy also expects that the Predit Delivery Service will increase income by adding delivery fees to the existing sales commissions in the Fresh Managers’ revenue structure. Furthermore, as customer-facing opportunities increase through partnership deliveries beyond the company’s regular delivery customers, synergy with existing businesses is also anticipated.

hy plans to continuously expand the delivery scope to include not only its own products but also purchased goods. Currently, it partners with over 20 companies handling subscription-based razors, health functional foods, cosmetics, and also delivers credit cards, diagnostic kits, and coffee beans. After completing the Nonsan Logistics Center in May next year, the company plans to increase processing volume and achieve 5 million deliveries annually.

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