111 Inc. Expands National Supply Chain Network with New Fulfillment Centers across South and Central China

Core Viewpoint - 111, Inc. has opened new fulfillment centers in Guangzhou and Wuhan, enhancing its supply chain network and operational efficiency to meet growing market demand in China [1][2]. Group 1: Expansion and Operations - The new fulfillment centers increase the total number of centers operated by 111 to 13 across China, improving the warehousing and distribution network [2]. - The operational model of the new centers is designed to reduce operating costs while expanding warehousing capacity, allowing for most deliveries to be fulfilled within 24 hours [2]. - With the enhanced supply chain network, 111 can deliver to over 300 major cities within 24 hours and cover the entire nation within 72 hours [2]. Group 2: Logistics and Efficiency - The nationwide logistics network, "Kunpeng," has improved operational efficiency, reducing delivery costs by 15% and delivery damage rates by 55% [3]. - The improvements address industry challenges such as slow delivery times and high damage rates, providing seamless logistics services to partners [3]. Group 3: Technological Innovation - 111's technological innovations empower its smart supply chain management systems, which include over 30 self-developed technologies for procurement, inventory management, distribution, and pricing [3]. - The innovative supply chain and logistics network support 111's nationwide virtual pharmacy network, which serves approximately 470,000 pharmacies and partners with over 500 global pharmaceutical companies [4]. Group 4: Leadership Insights - The CEO of 111 emphasized that the new fulfillment centers are critical for strengthening the supply chain and enhancing delivery speed, cost reduction, and overall efficiency [5].