South Korea, well known for quick one-day and overnight delivery services, have more than one thousand logistics warehouses where deliverymen pick up parcels. Many warehouses are located on the outskirts of big cities.
Hyundai Glovis said that idle and open spaces in urban areas would be turned into small-sized logistics distribution centers. When a citywide network of urban logistics centers is set up, deliverymen using trucks and motorcycles can travel short distances to deliver parcels from urban parcel warehouses to customers.
"Because non-contact consumption is spreading globally, we speculate that the business value of rapid urban logistics services is also huge," a Hyundai Glovis official was quoted as saying. The logistics company said it will continue to support ideas from prominent logistics startups.
Hyundai Glovis plans to operate a short-distance urban parcel delivery service in Seoul and gradually expand it across the country. South Korea's parcel delivery service industry valued at 6.6 trillion ($5.5 billion) won has rapidly bulked up its size alongside the rapidly growing ecommerce market.
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