Kunming International Flower Auction Exchange Center joins hands with FreshHema

China: Partnership to establish a flower supply chain company

Recently, Kunming International Flower Auction Exchange Center (KIFA) and FreshHema have strategically cooperated to establish a flower supply chain company. This also means that the industrial advantage of KIFA's strategic layout in the flower supply chain will be further enhanced, and the combination of production and sales markets will make the flower industry chain ecosystem more diversified and enriched.

The flower supply chain company that the two parties intend to jointly fund will build a modern, digital and industrialized high-standard flower supply chain service platform integrating planting, purchasing, processing, warehousing, distribution, logistics, financial settlement, and training to build a brand-new flower consumption ecosystem.

In recent years, household consumption and personalized demand in the flower market have grown rapidly. The traditional supply chain is undergoing subversive changes, and higher requirements have been placed on the flower supply chain. The flattening of the supply chain has brought more intense market competition. It is imperative to improve the efficiency of the supply chain, refined operations, and quality demands.

According to public information, FreshHema, as a new platform of Alibaba's derived retail chain, uses online and offline integration and business innovation as its main operating characteristics. On May 20 this year, FreshHema announced that its flower brand has been upgraded to "Hema Garden", which will gradually complete the renovation of nearly 300 stores across the country. In addition, 14 flower bases have been established in Yunnan Province, with “flower shuttle buses” destined for Zhejiang, Jiangsu, Shanghai, and Beijing every day. The tens of millions of users currently covered by Hema have a large demand for flowers. Nearly 30% of Hema users have the habit of buying flowers, and 58% of them complete their consumption online.

During the "14th Five-Year Plan" period, the flower industry will enter a new period of development. The cooperation between Kunming International Flower Auction Exchange Center and FreshHema will further enrich the flower industry chain ecosystem, promote the coordination of the three chains of the industry chain, business chain and service chain, and form a virtuous internal circle to promote the development of the flower industry through the resource advantages of both parties, strengthen the supply chain connection between the upstream and downstream of the flower industry, enhance the construction capacity of the flower supply chain, and establish a strategy that is more in line with the national distribution layout of the flower supply chain and Yunhua’s "going out" strategy, and realize the linkage development of production and sales.

Source: m.yunnan.cn

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