Hyundai Glovis is launching a full-scale end-to-end logistics outsourcing business for beauty products in partnership with The Skin Factory, which owns the hair and body care brand KUNDAL.
Hyundai Glovis said on the 9th that it signed a contract with The Skin Factory to provide third-party logistics (3PL) services. Under the agreement, Hyundai Glovis will handle the entire logistics process for The Skin Factory's products, from inbound, storage and packing to outbound.
Hyundai Glovis plans to provide end-to-end logistics outsourcing services for domestic customers through its logistics center in the greater Seoul area. The company said the center is equipped with automated facilities, including automated guided vehicles (AGVs), enabling swift and accurate processing in an e-commerce environment characterized by a high volume of small, diverse orders.
In addition, Hyundai Glovis will provide The Skin Factory with an end-to-end (E2E) export logistics service that includes cross-border direct-to-consumer logistics, overseas customs clearance, and air and ocean export services across the entire export journey.
Hyundai Glovis appears to be entering the logistics market in this sector because of its size. According to U.S. market research firm Allied Market Research, the global K-beauty market is expected to reach $3.9 billion (20 trillion won) next year.
A Hyundai Glovis official said, "We will become a partner that not only takes responsibility for domestic logistics but also export logistics by boosting client productivity and helping cut logistics costs, all based on state-of-the-art automation facilities."