Gemadept Corporation

Gemadept Corporation was engaged by a Vietnam-based wholesaler to provide warehouse management and delivery services. The partnership was formed in response to a price increase by a previous logistics provider. Gemadept's role involved clearing shipments at customs, delivering goods to their warehouses, and subsequently delivering the goods to the client. The company also handled the storage of goods in two warehouses, one in the South and one in the North of Vietnam, and provided logistics services for the shipment of goods to other countries. The client interacted with approximately five people from Gemadept at the management level, while a team of 70-80 people worked at the warehouse level. The partnership, which began in January 2019, has seen the client invest an estimated $10 million in total, with a monthly payment of around $348,000. The engagement is ongoing.