CTT and Temu signed a Memorandum of Understanding (MoU) this Thursday, 4th, in China that aims to reinforce logistics collaboration in the Iberian Peninsula and boost growth in Europe, according to a statement from Correios.
The agreement reaffirms the relationship between the two organizations that intend to “significantly expand cooperation in cross-border logistics and support Temu’s local seller program”, so that they “benefit from road and sea transport, storage, and parcel delivery solutions, which are estimated to accelerate their presence in the global market”.
According to a statement, the partnership will promote more integrated, efficient and competitive logistics solutions, contributing to a more agile and sustainable supply chain in the region.
“We are proud to strengthen our partnership with Temu, a fast-growing global marketplace that shares our vision of efficient and sustainable logistics”, says a CTT spokesperson, in a statement.
“Temu’s mission is to make quality products accessible to all consumers,” said a Temu spokesperson, also in a statement.
With the understanding reached in Shenzhen, Temu intends to “better serve consumers and sellers across Europe”, using CTT’s “strong logistics infrastructure in Iberia and beyond”.