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.

Supply Chain Analyst

The launch of ABL's Pick & Pack Fulfillment service marks a significant expansion in their service offerings, potentially boosting revenue streams and market competitiveness. This move demonstrates ABL's commitment to vertical integration and value-added services, which could lead to increased customer retention and attraction of new clients.

The multi-hub approach across key U.S. airports (ORD, DFW, LAX) strategically positions ABL to optimize delivery times and reduce shipping costs. This geographical spread could result in a competitive advantage, especially for e-commerce fulfillment where speed is crucial.

However, the success of this service hinges on the seamless integration of ABL's systems with their client's. Any technical hiccups could lead to inventory discrepancies or shipping delays, potentially impacting ABL's reputation and client relationships. Investors should monitor the rollout closely for any implementation challenges.

Technology Integration Specialist

The integration of ABL's system with their customer's for real-time inventory data access is a critical technological advancement. This level of integration requires robust APIs and data synchronization capabilities, which, if executed well, can significantly enhance operational efficiency and reduce errors.

However, real-time data integration comes with challenges:

• Data security and privacy concerns
• Potential for system downtime or latency issues
• Need for continuous system updates and maintenance

The success of this service heavily depends on the reliability and scalability of the underlying technology infrastructure. Investors should inquire about ABL's IT capabilities, disaster recovery plans and the specifics of their integration architecture to assess the long-term viability and potential risks of this new service offering.

Logistics Industry Expert

ABL's expansion into Pick & Pack Fulfillment is a strategic move that aligns with the growing trend of logistics companies offering end-to-end supply chain solutions. This service could potentially increase ABL's revenue per customer and strengthen its market position, especially in the lucrative e-commerce fulfillment sector.

The partnership with a major Chinese logistics company is particularly noteworthy, as it could open doors to the vast and growing Chinese e-commerce market. However, this also exposes ABL to risks associated with U.S.-China trade tensions and potential regulatory changes.

Investors should consider the scalability of this service. While starting with a key customer is promising, ABL's ability to extend this service to other clients and handle increased volumes during peak seasons will be important for long-term success. The company's performance during the upcoming holiday season could be a key indicator of the service's potential.

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

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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.