111 Inc. Expands National Supply Chain Network with New Fulfillment Centers across South and Central China
111, Inc. (NASDAQ: YI) has expanded its national supply chain network with new fulfillment centers in Guangzhou and Wuhan. These additions bring the total number of centers to 13 across China, enhancing the company's warehousing and distribution capabilities. The new centers utilize an innovative operational model that reduces costs and improves efficiency, enabling 24-hour deliveries in most South and Central China markets.
The expansion strengthens 111's nationwide logistics network, 'Kunpeng,' which has reduced delivery costs by 15% and damage rates by 55%. The company's smart supply chain management systems, powered by over 30 self-developed technologies, support these operations. 111's virtual pharmacy network now serves approximately 470,000 pharmacies and partners with over 500 global pharmaceutical companies and 4,500 distributors.
111, Inc. (NASDAQ: YI) ha ampliato la sua rete di supply chain nazionale con nuovi centri di evasione a Guangzhou e Wuhan. Queste aggiunte portano il numero totale di centri a 13 in tutta la Cina, migliorando le capacità di stoccaggio e distribuzione dell'azienda. I nuovi centri adottano un modello operativo innovativo che riduce i costi e migliora l'efficienza, permettendo consegne 24 ore su 24 nella maggior parte dei mercati del sud e del centro Cina.
L'ampliamento rafforza la rete logistica nazionale di 111, 'Kunpeng,' che ha ridotto i costi di consegna del 15% e i tassi di danneggiamento del 55%. I sistemi di gestione della supply chain intelligenti dell'azienda, basati su oltre 30 tecnologie sviluppate internamente, supportano queste operazioni. La rete di farmacie virtuali di 111 serve ora circa 470.000 farmacie e collabora con oltre 500 aziende farmaceutiche globali e 4.500 distributori.
111, Inc. (NASDAQ: YI) ha ampliado su red nacional de cadena de suministro con nuevos centros de cumplimiento en Guangzhou y Wuhan. Estas adiciones elevan el número total de centros a 13 en toda China, mejorando las capacidades de almacenamiento y distribución de la empresa. Los nuevos centros utilizan un modelo operativo innovador que reduce costos y mejora la eficiencia, permitiendo entregas las 24 horas en la mayoría de los mercados del sur y centro de China.
La expansión refuerza la red logística nacional de 111, 'Kunpeng,' que ha reducido los costos de entrega en un 15% y las tasas de daño en un 55%. Los sistemas de gestión de cadena de suministro inteligentes de la empresa, impulsados por más de 30 tecnologías desarrolladas internamente, apoyan estas operaciones. La red de farmacias virtuales de 111 ahora sirve aproximadamente a 470,000 farmacias y colabora con más de 500 empresas farmacéuticas globales y 4,500 distribuidores.
111, Inc. (NASDAQ: YI)는 광저우와 우한에 새로운 물류 센터를 추가하여 국가 공급망 네트워크를 확장했습니다. 이 추가로 중국 전역에 총 13개의 센터가 있으며, 회사의 창고 및 유통 능력이 향상되었습니다. 새 센터는 비용을 줄이고 효율성을 개선하는 혁신적인 운영 모델을 활용하여, 중국 남부 및 중부 시장의 대부분에서 24시간 배송을 가능하게 합니다.
이번 확장은 111의 전국 물류 네트워크 '쿤펑'을 강화하며, 이는 배송 비용을 15% 줄이고 손상 비율을 55% 낮췄습니다. 30개 이상의 자사 개발 기술로 지원되는 회사의 스마트 공급망 관리 시스템이 이러한 운영을 지원합니다. 111의 가상 약국 네트워크는 현재 약 470,000개의 약국을 운영하며, 500개 이상의 글로벌 제약 회사 및 4,500명의 유통업체와 협력하고 있습니다.
111, Inc. (NASDAQ: YI) a étendu son réseau national de chaîne d'approvisionnement avec de nouveaux centres de traitement à Guangzhou et Wuhan. Ces ajouts portent le nombre total de centres à 13 à travers la Chine, améliorant les capacités d'entreposage et de distribution de l'entreprise. Les nouveaux centres utilisent un modèle opérationnel innovant qui réduit les coûts et améliore l'efficacité, permettant des livraisons 24 heures sur 24 dans la plupart des marchés du sud et du centre de la Chine.
Cette expansion renforce le réseau logistique national de 111, 'Kunpeng,' qui a réduit les coûts de livraison de 15 % et les taux de dommages de 55 %. Les systèmes de gestion de la chaîne d'approvisionnement intelligents de l'entreprise, alimentés par plus de 30 technologies développées en interne, soutiennent ces opérations. Le réseau de pharmacies virtuelles de 111 dessert maintenant environ 470 000 pharmacies et collabore avec plus de 500 entreprises pharmaceutiques mondiales et 4 500 distributeurs.
111, Inc. (NASDAQ: YI) hat sein nationales Lieferkettennetzwerk mit neuen Fulfillment-Zentren in Guangzhou und Wuhan erweitert. Diese Ergänzungen erhöhen die Gesamtzahl der Zentren auf 13 in ganz China und verbessern die Lager- und Vertriebskapazitäten des Unternehmens. Die neuen Zentren nutzen ein innovatives Betriebsmodell, das Kosten senkt und die Effizienz steigert, was 24-Stunden-Lieferungen in den meisten Märkten in Süd- und Zentralchina ermöglicht.
Die Expansion stärkt das landesweite Logistiknetzwerk von 111, 'Kunpeng', das die Lieferkosten um 15 % und die Schadensquoten um 55 % gesenkt hat. Die intelligenten Systeme des Unternehmens für das Lieferkettenmanagement, die auf über 30 selbstentwickelten Technologien basieren, unterstützen diese Operationen. Das virtuelle Apothekennetzwerk von 111 bedient jetzt etwa 470.000 Apotheken und arbeitet mit über 500 globalen Pharmaunternehmen und 4.500 Distributoren zusammen.
- Expansion of fulfillment centers to 13 across China, improving national coverage
- New operational model reduces costs and improves efficiency
- 24-hour delivery capability in most South and Central China markets
- 15% reduction in delivery costs and 55% reduction in damage rates
- Virtual pharmacy network serving 470,000 pharmacies
- Partnerships with over 500 global pharmaceutical companies and 4,500 distributors
- None.
Insights
The expansion of 111's fulfillment network with new centers in Guangzhou and Wuhan is a strategic move to enhance operational efficiency and market reach. This brings their total fulfillment centers to 13 across China, significantly improving their ability to serve the vast Chinese market. The new operational model is designed to reduce costs while expanding capacity, which should positively impact the company's bottom line.
Key improvements include:
- 24-hour delivery to over 300 major cities
15% reduction in delivery costs55% decrease in delivery damage rates
These enhancements address critical industry challenges and position 111 as a more competitive player in the healthcare supply chain. The company's virtual pharmacy network, serving 470,000 pharmacies and partnering with 500 global pharmaceutical companies, demonstrates its growing influence in the sector. However, investors should monitor how these expansions translate into revenue growth and profitability in the coming quarters.
111's investment in technological innovation is a important differentiator in the competitive healthcare platform market. The company's suite of over 30 self-developed technologies for supply chain management showcases its commitment to digital transformation. This tech-driven approach enables:
- Smart inventory management
- Optimized distribution
- Dynamic pricing strategies
The "Kunpeng" logistics network, leveraging digitalized long-haul and last-mile distribution models, is particularly noteworthy. It not only improves operational efficiency but also creates a significant barrier to entry for potential competitors. The integration of these technologies with the expanded fulfillment network positions 111 to potentially disrupt traditional pharmaceutical distribution channels.
Investors should consider the long-term value of these technological assets and their potential to drive sustained competitive advantage. However, it's important to assess the ongoing R&D costs and the pace of technology adoption in the industry to fully gauge the impact on 111's market position and financial performance.
The two new centers expand the scale and capabilities of 111's existing operations in the South and
By utilizing a newly designed operational model, these centers will significantly reduce operating costs while expanding warehousing capacity with higher cost efficiency. This will also improve the efficiency of operations and deliveries in the South and
Additionally, 111's nationwide logistics network, "Kunpeng," continues to improve operational efficiency by streamlining connections between fulfillment centers through its digitalized long-haul and last-mile distribution models. As a result, delivery costs have been slashed by
111's continuous technological innovation empowers its smart supply chain management systems as core drivers of success. These systems, among the most complex in 111's digital suite, support the Company's nationwide supply chain operations and include over 30 self-developed technologies ranging from procurement and inventory management to distribution and pricing.
The innovative supply chain and logistics network, combined with smart management systems, underpins 111's nationwide virtual pharmacy network, a key outcome from its industrial internet strategy. This virtual network currently serves approximately 470,000 pharmacies and boasts partnerships with over 500 global pharmaceutical companies and 4,500 distributors, underscoring the Company's growing influence in the healthcare and pharmaceutical industries.
Mr. Junling Liu, Co-Founder, Chairman, and Chief Executive Officer of 111, commented, "The opening of our new fulfillment centers in South and
Forward-Looking Statements
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
About 111, Inc.
111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in
For more information on 111, please visit: http://ir.111.com.cn/.
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SOURCE 111, Inc.
FAQ
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