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Photo = Yonhap news |
[Alpha Biz= Kim Sangjin] CJ Logistics will launch its "Everyday One" service on the 5th, offering delivery 7 days a week without breaks. This marks the company’s 32-year milestone since it began parcel delivery services in 1993, as it now provides year-round, 365-day delivery. Previously, deliveries were not made on weekends or public holidays.
Over the past decade, Coupang has invested over 6.2 trillion KRW in building logistics centers, investing in parcel sorting robots, and hiring delivery drivers. Operating primarily on direct-purchase goods, Coupang ventured into "third-party logistics services" in 2023, expanding beyond just its own products to include goods from other sellers. This marks the dissolution of the boundary between retail and logistics companies.
As a result, Coupang surpassed CJ Logistics in market share for the first time last year. According to Meritz Securities, in the fourth quarter of 2023, CJ Logistics still held the lead with a market share of 32.5%. However, in the first quarter of 2024, Coupang Logistics' market share rose to 34.8%, surpassing CJ Logistics (29.0%), and the gap has since widened.
Except for companies like Coupang and Kurly, which have their own logistics networks, most e-commerce firms rely on delivery companies like CJ Logistics. This reliance has posed challenges for same-day and next-day delivery services. Consumer decisions are increasingly influenced by the speed and convenience of delivery, which has prompted CJ Logistics to start offering 365-day services. Recently, the company has been focusing on expanding its logistics market share by partnering with various e-commerce platforms.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
