ZIM Integrated Shipping Services, based in Israel, will extend its cooperation agreement with Chinese technology conglomerate, Alibaba Group, for two more years.
This collaboration is reported to help Alibaba’a e-commerce business offer customers more affordable transit alternatives to airfreight via a user friendly website.
ZIM’s extensive network of lines, particularly the recently introduced dedicated e-commerce express lines, provide Alibaba customers reliable, fast, high quality freight services, as well as product support and system optimisation.
The successful cooperation has been in place since 2020 and the significant growth of e-commerce and demand for freight capacity in the last year have led the parties to deepen their collaboration.
“Since we launched the initial agreement with Alibaba, it has proven to be a highly successful and mutually beneficial partnership,” said ZIM President & CEO, Eli Glickman.
“We continue to position ZIM as a leading e-commerce service provider while creating significant advantages for customers.
“It is part of our innovative strategic vision, and we are very proud to extend and expand this partnership with Alibaba to enhance the customer experience and further capitalise on growing e-commerce trends.”
Kuo Zhang, General Manager of Alibaba added: “We are happy to continue our collaboration with ZIM to enhance our ecosystem designed to bring the best services to global customers quickly. In the next phase of the collaboration, we can offer global buyers more options and choices to manage and optimise their supply chains, and to thrive and succeed in the massive global B2B e-commerce opportunity.”
Last year, Alibaba assembled a digital economy encompassing commerce, finance, logistics and big data powered by cloud computing.