- Maersk will also provide additional logistics services with the goal for the parties to continually grow the global, strategic partnership.
- On November 11th, Zinus, a global eCommerce furniture company, signed a Memorandum of Understanding with Maersk, the world’s leading container shipping company, for Maersk to become the preferred global integrator of logistics for Zinus.
- The parties intend to continually grow and strengthen the strategic partnership globally over at least a 10-year period.
Maersk will provide Zinus with a stable supply of shipping containers in 2022, allowing Zinus to meet its shipping needs and stabilize ocean freight expenses as reported by Maersk.
Logistical services
Maersk will also supply additional logistical services, with the goal of the parties’ worldwide, strategic cooperation growing over time.
Zinus, a global eCommerce furniture firm, inked a Memorandum of Understanding with Maersk, the world’s largest container shipping company, on November 11th, naming Maersk as Zinus’ preferred global logistics integrator.
In 2022, Maersk will offer Zinus a consistent supply of shipping containers, allowing the company to satisfy its shipping needs while also stabilising its ocean freight costs.
Maersk will also supply additional logistical services, with the goal of the parties’ worldwide, strategic cooperation growing over time.
Strategic cooperation
The signing event was attended by YounJae Lee, the CEO and Founder of Zinus, Ditlev Blicher, Maersk’s Head of the Asia Pacific, and Adam Farmer, Maersk’s Representative Director and Head of Sales of North East Asia, among others.
The two parties agreed in the MOU that Maersk will provide a consistent supply of shipping containers as well as other logistical services in 2022. Over a 10-year period, the parties expect to continue to build and strengthen their strategic cooperation globally.
In the short run, the agreement would allow Zinus to ensure a steady supply of shipping containers at a fixed price in 2022, meeting its shipping demands and stabilising ocean freight costs in a turbulent and uncertain market.
Despite the restrictions of the present global shipping problem, Zinus announced year-over-year revenue growth of 16.3% in its Q3 results announcement, thanks in part to the steadily increasing demand for online furniture purchases, which has intensified during the course of the COVID-19 epidemic.
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Source: Maersk
