The move is part of Wish’s broader investment
in the Latam region, which is set to reduce Wish’s time-to-door by
more than two weeks
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) today announced
strategic partnerships with two leading Latin American logistics
providers – Moovin in Costa Rica and Servicios Postales del Perú
(Serpost) in Peru. The partnerships are set to reduce delivery
times by more than 15 days, making Wish one of the fastest
cross-border ecommerce platforms in both markets.
As well as reducing delivery times, the partnerships will also
drive a more consistent shipping experience for consumers in the
Latin America region through:
- End-to-end tracking visibility and delivery confirmation
- Bundled shipments for multiple items
- SMS and physical notifications on deliveries awaiting
collection
“We have a unique opportunity in Costa Rica and Peru to become
the go-to platform for users seeking to buy goods from abroad. Our
partnership with Moovin and Serpost is an important first step in
cementing our position as one of the leading cross-border platforms
in the region,” said Francisco Javier Miranda, Senior Manager of
Logistics for Wish for Latin America. “We’re excited to be
partnering with two of the most trusted names in logistics in the
region to help reduce delivery times and provide a better
experience for our consumers.”
Wish is already in the top three most downloaded shopping apps
in Costa Rica and Peru1. Over the next 3 years, ecommerce markets
in both countries are projected to grow at a rate of 16% and 15%,
respectively, per year2.
“We are happy to be a logistics ally at Moovin for businesses
and consumers throughout Costa Rica, and this partnership with Wish
allows for us to continue to provide more comprehensive quality
service so Costa Ricans can enjoy their products faster and with
better tracking,” said Javier Núñez Salas, Founder and CEO of
Moovin.
“We keep looking for ways to reduce delivery times both
nationally and internationally so we can be part of the economic
development in exports and imports,” said Alexander Infante, CEO at
Serpost. “The Peruvian post office grows stronger with this
partnership, as do our micro and small businesses.”
The partnerships with Moovin and Serpost are part of Wish’s
broader investment in the Latin America region. Earlier this year,
Wish announced plans to roll out a 15 day TTD initiative in all
major markets in 2023.
To learn more about Wish, visit www.wish.com. To learn more
about Serpost, visit www.serpost.com.pe. To learn more about
Moovin, visit www.moovin.me.
About Wish
Wish brings an affordable and entertaining shopping experience
to millions of consumers around the world. Since our founding in
San Francisco in 2010, we have become one of the largest global
ecommerce platforms, connecting millions of value-conscious
consumers to merchants all over the world. Wish combines technology
and data science capabilities and an innovative discovery-based
mobile shopping experience to create a highly-visual, entertaining,
and personalized shopping experience for its users. For more
information about the company or to download the Wish mobile app,
visit Wish mobile app, visit www.wish.com or follow @Wish on
Facebook, Instagram and TikTok or @WishShopping on Twitter and
YouTube.
About Moovin
Moovin is a certified last-mile logistics company in Costa Rica
and Honduras that relies on its robust technological platform to
provide the highest quality service to its customers. Our service
is not only limited to the delivery of the product to the end
customer, but we also offer comprehensive solutions for ecommerce
and retailers that include: integration with an online store,
warehousing, inventory management, listing and labeling of
products, distribution, delivery and returns management. All this
with many additional benefits such as cash or card cash on
delivery, package monitoring in real time, strategic data and a
highly qualified staff to provide an excellent shopping experience
to your customers.
About Servicios Postales del Perú
Servicios Postales del Perú, or Serpost, is Peru’s national
postal service and dedicated to the development and promotion of
the postal service nationally and internationally. With over 150
offices throughout the country and a reach of 191 countries
worldwide, Serpost offers expedited services, partnerships with
micro and small businesses, and shipping services.
Forward Looking Statements
This news release contains forward-looking statements within the
meaning of the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact could be deemed forward-looking, including, but
not limited to, statements regarding Wish's outlook; priorities;
strategic direction; partnerships with Moovin and Servicios
Postales del Perú (Serpost), and their impact on delivery times and
customer shipping experiences; business operations; and growth
initiatives. In some cases, forward-looking statements can be
identified by terms such as “anticipates,” “believes,” “could,”
“estimates,” “expects,” “foresees,” “forecasts,” “guidance,”
“intends” “goals,” “may,” “might,” “outlook,” “plans,” “potential,”
“predicts,” “projects,” “seeks,” “should,” “targets,” “will,”
“would” or similar expressions and the negatives of those terms.
These forward-looking statements are subject to risks,
uncertainties, and assumptions. If the risks materialize or
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. New
risks emerge from time to time. It is not possible for our
management to predict all risks, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. Further information on these and additional risks that
could affect Wish’s results is included in its filings with the
Securities and Exchange Commission (“SEC”), including its most
recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q, and future reports that Wish may file with the SEC from time
to time, which could cause actual results to vary from
expectations. Any forward-looking statement made by Wish in this
news release speaks only as of the day on which Wish makes it. Wish
assumes no obligation to, and does not currently intend to, update
any such forward-looking statements after the date of this
release.
_________________________________ 1Sensor Tower, October 10,
2022 2Statista Digital Markets - (CAGR 2022-2025) Costa Rica and
Peru
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221018006167/en/
Media contact Carys Comerford-Green, Wish
Press@wish.com
Investor Relations contact: Randy Scherago, Wish
ir@wish.com
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