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Coupang unveiled its brand new, cutting-edge fulfillment center in Daegu to the public last Friday, showcasing what the future of logistics looks like. The e-commerce firm's latest logistics facility is the largest of its kind in Asia, featuring cutting-edge automation technology based on artificial intelligence (AI).
Coupang has invested 6.2 trillion won ($4.69 billion) over the past 12 years in establishing a nationwide logistics network, the country's largest e-commerce firm said Wednesday. The company invited U.S. Ambassador to Korea Philip Goldberg, Daegu Metropolitan City Deputy Mayor Hong Ui-rak and officials from the Ministry of Science and ICT to its new fulfilment center in Daegu, Wednesday.
E-commerce giant Coupang said Thursday it swung to the black in the third quarter for the first time since 2014, when it introduced its ultra-fast delivery service, Rocket Delivery.
E-commerce giant Coupang recorded its first quarterly profit since 2014 after finding success introducing its ultrafast delivery service, Rocket Delivery, and investing heavily in technology, according to company officials, Thursday. “We developed a logistics network that integrates technology, delivery fulfillment (integrated logistics) and last mile delivery (the final delivery stage). Our team was able to leverage machine learning and greatly improve accuracy forecasts and inventory placement, which helped reduce fresh inventory waste by over 50 percent year-on-year in Q3 alone. It is the...