LAKESIDE HOLDING LAUNCHES NEW PICK & PACK FULFILLMENT SERVICE ACROSS KEY U.S. HUBS FOR LONGSTANDING CHINA LOGISTICS PARTNER

Rhea-AI Summary

Lakeside Holding (Nasdaq: LSH), operating as American Bear Logistics (ABL), has launched a new Pick & Pack Fulfillment service for a major Chinese logistics partner. The service, available at key U.S. hubs including Chicago O'Hare (ORD), Dallas-Fort Worth (DFW), and Los Angeles (LAX) airports, offers streamlined inventory management and order fulfillment. It features real-time inventory data integration, comprehensive order processing, and multi-hub availability.

The service aims to optimize fulfillment, reduce lead times, and enhance customer experience. ABL manages the entire process from inventory check to final delivery, providing an efficient and reliable logistics solution. This new offering is expected to deepen Lakeside's partnership with its client and showcase the company's advanced infrastructure and technology capabilities.

Positive

• Launch of new Pick & Pack Fulfillment service for a major Chinese logistics partner
• Service available at key U.S. hubs: Chicago O'Hare, Dallas-Fort Worth, and Los Angeles airports
• Integration with customer's system for real-time inventory management
• Potential for increased operational efficiency and customer satisfaction

Negative

• None.

News Market Reaction

+13.56%

1 alert

+13.56% News Effect

On the day this news was published, LSH gained 13.56%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ITASCA, Ill., Sept. 3, 2024 /PRNewswire/ -- Lakeside Holding Limited ("Lakeside" or the "Company") (Nasdaq: LSH), a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market operating under the brand American Bear Logistics ("ABL"), today announced the launch of a new Pick & Pack Fulfillment service for one of its longstanding customers, one of the largest logistics and delivery companies in China.

The pick & pack fulfillment service offers a streamlined inventory management and order fulfillment approach. ABL will integrate with the customer's system to access real-time inventory data, facilitating efficient order processing. The service includes:

Inventory Management: ABL will manage inventory by retrieving real-time data from the customer's system to ensure accurate and up-to-date stock levels.

Order Processing: The service will handle all aspects of order fulfillment, including picking, packing, labeling, and shipping.

Multi-Hub Service: This new service is available at key ABL hubs, including Chicago O'Hare International Airport (ORD), Dallas-Fort Worth International Airport (DFW), and Los Angeles International Airport (LAX). The service has already commenced at the ORD location, with DFW and LAX to follow shortly.

This new service offering optimizes the fulfillment process, reducing lead times and enhancing the overall customer experience. ABL ensures a seamless, efficient, and reliable logistics solution by managing every step from inventory check to final delivery.

"Introducing the pick & pack fulfillment service deepens our partnership with this esteemed customer," said Henry Liu, Chairman & CEO of Lakeside. "By harnessing our advanced infrastructure and technology, we're providing a service that supports their core business and elevates their operational efficiency with innovative, scalable logistics solutions."

About Lakeside Holding Limited

Lakeside Holding Limited, based in Itasca, IL, is a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market, including China and South Korea. Operating under the brand American Bear Logistics, we primarily provide customized cross-border ocean freight solutions and airfreight solutions in the U.S. that specifically cater to our customers' requirements and needs in transporting goods into the U.S. We are an Asian American-owned business rooted in the U.S. with in-depth understanding of both the U.S. and Asian international trading and logistics service markets. Our customers are typically Asia- and U.S.-based logistics service companies serving large e-commerce platforms, social commerce platforms, and manufacturers to sell and transport consumer and industrial goods made in Asia into the U.S. For more information, please visit https://lakeside-holding.com.  

Safe Harbor Statement

This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under "Risk Factors," may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

Investor Relations Contact:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

View original content:https://www.prnewswire.com/news-releases/lakeside-holding-launches-new-pick--pack-fulfillment-service-across-key-us-hubs-for-longstanding-china-logistics-partner-302236236.html

SOURCE Lakeside Holding Limited

FAQ

What new service has Lakeside Holding (LSH) launched in September 2024?

Lakeside Holding (LSH) has launched a new Pick & Pack Fulfillment service for one of its longstanding customers, a major Chinese logistics and delivery company.

At which U.S. airports will Lakeside Holding (LSH) offer its new Pick & Pack Fulfillment service?

The service will be available at Chicago O'Hare International Airport (ORD), Dallas-Fort Worth International Airport (DFW), and Los Angeles International Airport (LAX).

What features does Lakeside Holding's (LSH) new Pick & Pack Fulfillment service include?

The service includes real-time inventory management, comprehensive order processing (picking, packing, labeling, and shipping), and multi-hub availability across key U.S. airports.

How does Lakeside Holding (LSH) expect this new service to impact its business relationship?

Lakeside expects the new service to deepen its partnership with the client, showcase its advanced infrastructure and technology, and provide innovative, scalable logistics solutions.