Category: MENA

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Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%
Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%
Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

VICTORIA, Seychelles, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a report highlighting the transformative impact of artificial intelligence on the hiring process. The findings reveal that utilizing AI Bitget has reduced hiring timelines by 38%, streamlined talent acquisition, and improved candidate-job alignment, significantly increasing workforce efficiency.

Key Takeaways

  • The introduction of AI in recruitment reduced Bitget’s average hiring time by 38%.
  • AI-powered resume screening reduced manual processing by 76%, allowing HR department to focus on higher-level candidates.
  • Recruitment costs dropped by 25% due to automated hiring workflows.
  • Employee retention improved by 15%, as a better candidate-job fit led to a lower first-year attrition rate.
  • AI-driven candidate ranking and skill-job matching increased hiring accuracy, lowering bias in recruitment decisions by 38%.

Traditional hiring methods often result in slow recruitment cycles, high costs, and mismatches between candidates and job roles. Bitget implemented an AI-driven recruitment solution that automates resume screening, interview scheduling, and candidate evaluation. By leveraging machine learning and predictive analytics, the platform optimized hiring decisions based on skill-job compatibility, past performance metrics, and cultural fit. This transition to AI-driven recruitment has accelerated the company’s hiring process while maintaining high selection standards.

Before implementing AI-driven hiring, Bitget relied on manual candidate screening and external recruitment agencies, which made recruitment costly and time-consuming. The average hiring cycle lasted 48 days, with some technical positions taking up to 50 days to fill. High dependence on third-party agencies accounted for nearly 40% of total hiring costs, while internal HR teams processed up to 500 resumes per month, leading to operational inefficiencies. Despite the company’s rapid growth, traditional hiring methods limited its ability to scale into new markets and product sectors efficiently.

To address these challenges, Bitget introduced an AI-powered recruitment system designed to streamline hiring by automating resume screening, optimizing candidate-job matching, and improving decision-making. The AI model was trained using historical hiring data, evaluating key indicators such as skill compatibility, previous performance, and cultural fit. Integrated with existing HR systems, the technology enabled rapid candidate ranking and selection while reducing human bias.

The results were significant. The average time to hire dropped by 38%, cutting recruitment cycles from 48 to 30 days. Resume screening efficiency improved by 76%, allowing HR specialists to focus on high-value candidates rather than manual filtering. Cost savings reached 25%, primarily due to reduced reliance on external agencies and the automation of administrative hiring processes. Employee retention improved by 15%, as better candidate-job alignment led to a decrease in first-year attrition. Additionally, AI-driven evaluations helped minimize unconscious bias in hiring decisions, resulting in a 38% improvement in hiring accuracy.

“With AI, we’re not just hiring faster — we’re hiring smarter,” said Gracy Chen, CEO of Bitget. “This technology is helping us attract top talent more efficiently while optimizing costs and improving long-term retention.”

Bitget’s AI hiring transformation underscores how automation can enhance workforce efficiency in highly competitive industries. By integrating AI into recruitment, the company has set a new benchmark for efficiency, accuracy, and cost-effectiveness, offering a model that could reshape talent acquisition strategies across the cryptocurrency and technology sectors.

To know more about Bitget’s AI usage in hiring, check the full report here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6645e120-7461-4af0-9253-b5353f2d5350

GlobeNewswire Distribution ID 1001050289

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Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%
Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%
Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

VICTORIA, Seychelles, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a report highlighting the transformative impact of artificial intelligence on the hiring process. The findings reveal that utilizing AI Bitget has reduced hiring timelines by 38%, streamlined talent acquisition, and improved candidate-job alignment, significantly increasing workforce efficiency.

Key Takeaways

  • The introduction of AI in recruitment reduced Bitget’s average hiring time by 38%.
  • AI-powered resume screening reduced manual processing by 76%, allowing HR department to focus on higher-level candidates.
  • Recruitment costs dropped by 25% due to automated hiring workflows.
  • Employee retention improved by 15%, as a better candidate-job fit led to a lower first-year attrition rate.
  • AI-driven candidate ranking and skill-job matching increased hiring accuracy, lowering bias in recruitment decisions by 38%.

Traditional hiring methods often result in slow recruitment cycles, high costs, and mismatches between candidates and job roles. Bitget implemented an AI-driven recruitment solution that automates resume screening, interview scheduling, and candidate evaluation. By leveraging machine learning and predictive analytics, the platform optimized hiring decisions based on skill-job compatibility, past performance metrics, and cultural fit. This transition to AI-driven recruitment has accelerated the company’s hiring process while maintaining high selection standards.

Before implementing AI-driven hiring, Bitget relied on manual candidate screening and external recruitment agencies, which made recruitment costly and time-consuming. The average hiring cycle lasted 48 days, with some technical positions taking up to 50 days to fill. High dependence on third-party agencies accounted for nearly 40% of total hiring costs, while internal HR teams processed up to 500 resumes per month, leading to operational inefficiencies. Despite the company’s rapid growth, traditional hiring methods limited its ability to scale into new markets and product sectors efficiently.

To address these challenges, Bitget introduced an AI-powered recruitment system designed to streamline hiring by automating resume screening, optimizing candidate-job matching, and improving decision-making. The AI model was trained using historical hiring data, evaluating key indicators such as skill compatibility, previous performance, and cultural fit. Integrated with existing HR systems, the technology enabled rapid candidate ranking and selection while reducing human bias.

The results were significant. The average time to hire dropped by 38%, cutting recruitment cycles from 48 to 30 days. Resume screening efficiency improved by 76%, allowing HR specialists to focus on high-value candidates rather than manual filtering. Cost savings reached 25%, primarily due to reduced reliance on external agencies and the automation of administrative hiring processes. Employee retention improved by 15%, as better candidate-job alignment led to a decrease in first-year attrition. Additionally, AI-driven evaluations helped minimize unconscious bias in hiring decisions, resulting in a 38% improvement in hiring accuracy.

“With AI, we’re not just hiring faster — we’re hiring smarter,” said Gracy Chen, CEO of Bitget. “This technology is helping us attract top talent more efficiently while optimizing costs and improving long-term retention.”

Bitget’s AI hiring transformation underscores how automation can enhance workforce efficiency in highly competitive industries. By integrating AI into recruitment, the company has set a new benchmark for efficiency, accuracy, and cost-effectiveness, offering a model that could reshape talent acquisition strategies across the cryptocurrency and technology sectors.

To know more about Bitget’s AI usage in hiring, check the full report here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6645e120-7461-4af0-9253-b5353f2d5350

GlobeNewswire Distribution ID 1001050289

Posted on

Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%
Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%
Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

VICTORIA, Seychelles, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a report highlighting the transformative impact of artificial intelligence on the hiring process. The findings reveal that utilizing AI Bitget has reduced hiring timelines by 38%, streamlined talent acquisition, and improved candidate-job alignment, significantly increasing workforce efficiency.

Key Takeaways

  • The introduction of AI in recruitment reduced Bitget’s average hiring time by 38%.
  • AI-powered resume screening reduced manual processing by 76%, allowing HR department to focus on higher-level candidates.
  • Recruitment costs dropped by 25% due to automated hiring workflows.
  • Employee retention improved by 15%, as a better candidate-job fit led to a lower first-year attrition rate.
  • AI-driven candidate ranking and skill-job matching increased hiring accuracy, lowering bias in recruitment decisions by 38%.

Traditional hiring methods often result in slow recruitment cycles, high costs, and mismatches between candidates and job roles. Bitget implemented an AI-driven recruitment solution that automates resume screening, interview scheduling, and candidate evaluation. By leveraging machine learning and predictive analytics, the platform optimized hiring decisions based on skill-job compatibility, past performance metrics, and cultural fit. This transition to AI-driven recruitment has accelerated the company’s hiring process while maintaining high selection standards.

Before implementing AI-driven hiring, Bitget relied on manual candidate screening and external recruitment agencies, which made recruitment costly and time-consuming. The average hiring cycle lasted 48 days, with some technical positions taking up to 50 days to fill. High dependence on third-party agencies accounted for nearly 40% of total hiring costs, while internal HR teams processed up to 500 resumes per month, leading to operational inefficiencies. Despite the company’s rapid growth, traditional hiring methods limited its ability to scale into new markets and product sectors efficiently.

To address these challenges, Bitget introduced an AI-powered recruitment system designed to streamline hiring by automating resume screening, optimizing candidate-job matching, and improving decision-making. The AI model was trained using historical hiring data, evaluating key indicators such as skill compatibility, previous performance, and cultural fit. Integrated with existing HR systems, the technology enabled rapid candidate ranking and selection while reducing human bias.

The results were significant. The average time to hire dropped by 38%, cutting recruitment cycles from 48 to 30 days. Resume screening efficiency improved by 76%, allowing HR specialists to focus on high-value candidates rather than manual filtering. Cost savings reached 25%, primarily due to reduced reliance on external agencies and the automation of administrative hiring processes. Employee retention improved by 15%, as better candidate-job alignment led to a decrease in first-year attrition. Additionally, AI-driven evaluations helped minimize unconscious bias in hiring decisions, resulting in a 38% improvement in hiring accuracy.

“With AI, we’re not just hiring faster — we’re hiring smarter,” said Gracy Chen, CEO of Bitget. “This technology is helping us attract top talent more efficiently while optimizing costs and improving long-term retention.”

Bitget’s AI hiring transformation underscores how automation can enhance workforce efficiency in highly competitive industries. By integrating AI into recruitment, the company has set a new benchmark for efficiency, accuracy, and cost-effectiveness, offering a model that could reshape talent acquisition strategies across the cryptocurrency and technology sectors.

To know more about Bitget’s AI usage in hiring, check the full report here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6645e120-7461-4af0-9253-b5353f2d5350

GlobeNewswire Distribution ID 1001050289

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F2i and Jetex sign agreement for the development and management of general aviation in Naples and Salerno

Rome, Italy, Feb. 25, 2025 (GLOBE NEWSWIRE) — In the presence of H.H. Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, and Italian Prime Minister Giorgia Meloni, a Memorandum of Understanding (MoU) was signed at the Italy-United Arab Emirates Business Forum in Rome by Renato Ravanelli, CEO of F2i Sgr, and Adel Mardini, Founder & CEO of Jetex.

Signed at the Italy-United Arab Emirates Business Forum in Rome, the partnership aims to enhance private aviation services. As part of the initiative, Jetex will support Gesac SpA, the airport management company controlled by F2i Sgr funds, in expanding high-end tourism and strategic economic partnerships in Campania, a region with significant growth potential.

F2i is Italy’s leading infrastructure fund operator, overseeing the country’s largest national airport network.

Jetex, headquartered in Dubai, is a global leader in private aviation, specializing in airport operations and management. The company operates an extensive network across major airports worldwide, providing premium services to both business and leisure travelers.

ENDS

F2i SGR is Italy’s largest independent infrastructure fund manager, with assets under management, between equity and debt, of approximately EUR 8.3 billion. The companies in F2i’s network make up Italy’s main infrastructure platform, spanning six key sectors of the national economy such as transport and logistics, energy for transition, circular economy, distribution networks, telecommunications networks and services, and social-healthcare infrastructure. Led by its CEO Renato Ravanelli, F2i, through its subsidiaries, has about 24,000 employees whose work allows millions of people to use services and infrastructure that are essential for daily life. F2i SGR’s key shareholders include financial institutions, including banking foundations, domestic and foreign social security and pension funds, domestic and international asset managers and sovereign wealth funds. The funds managed by F2i SGR are subscribed by leading Italian and foreign institutions. F2i participates in the United Nations Global Compact and adheres to its approach based on responsible business principles. It currently manages six equity funds, including the Ania F2i Fund, and one debt fund.

Jetex is an award-winning global leader in executive aviation. Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit www.jetex.com and follow us on Instagram, Twitter, Facebook, and LinkedIn.

Information for the press

Laura Sisti

Cell: +39 347 4282170
[email protected]

Gianfranco De Marchi

Cell: +39 336 634686
[email protected]

Team Orange

Tel: + 971 4 212 4000
[email protected]

Attachment

 

Indri Halina 
Jetex 
[email protected]

GlobeNewswire Distribution ID 9384048

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Mavenir and Terrestar Achieve Industry First Satellite Voice Over NB-IoT Call in NTN Mode

Breakthrough deployable via software upgrade to existing GEO satellites using available S-band spectrum to allow operators to monetize NTN services immediately

RICHARDSON, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, and Terrestar Solutions Inc., Canada’s premier mobile satellite operator, have achieved a groundbreaking milestone by successfully completing an industry first Voice over NB-IoT (Narrowband Internet of Things) call in NTN (Non-Terrestrial Networks) mode. The achievement was conducted over a 3GPP-standardized NTN S-band spectrum, avoiding interference common in terrestrial networks. Designed to work with GEO satellite delays as well, the network ensures consistent coverage despite higher latency. This approach enables GEO operators to monetize NTN services immediately.

This industry-first call was made earlier in the year, January 2025, using standard codec, Sony’s Altair ALT1250 module, Mavenir Open RAN (Open vRAN and Open Beam radio), Mavenir Converged Packet Core, and was conducted in collaboration with Terrestar.

The successful VoNB (Voice over NB-IoT) call highlights Mavenir’s and Terrestar’s industry leadership in delivering innovative solutions that bridge the connectivity gap in challenging and remote environments. By leveraging 3GPP standards-based NTN technology, the collaboration is driving the integration of satellite and terrestrial networks to bring seamless connectivity to underserved regions, supporting IoT use cases and extending the scope of reliable communication.

Jacques Leduc, President, Terrestar Solutions: “Terrestar Solutions embodies innovation and leadership as the first MSS player to offer a real-time voice service based on a fully compliant 3GPP non-terrestrial network. With our dedicated S-band spectrum and an open network architecture, we leverage the strength of the 3GPP ecosystem to drive a breakthrough that sets us apart. Our mission: to accelerate the ecosystem development and provide all, through their mobile service provider, with satellite mobile connectivity that ensures security, autonomy, and independence.”

Sachin Karkala, SVP & GM, RAN Business Unit, Mavenir: “Satellite services provide the perfect addition to existing terrestrial networks, adding a layer of widespread coverage, and nowhere is this more important than underserved and remote regions. This development allows satellite operators to launch voice services immediately using available spectrum, existing GEO satellites and industry-standard user equipment with a simple software upgrade to deliver voice services country-wide.”

This achievement paves the way for broader adoption of NTN-based NB-IoT solutions and further integration of voice services into IoT ecosystems as the standards progress. It also reinforces Mavenir’s role as a pioneer in delivering technologies that empower industries and communities worldwide.

Notes to the editor:

About Terrestar Solutions

Terrestar Solutions Inc. is the only Canadian mobile satellite operator engaged in the race to bring direct-to-device satellite services to smartphones and IoT devices and make anywhere-in-Canada communication a reality. Terrestar is committed to nurturing the ever-evolving, standards-based and open network ecosystem, enabling Mobile Network Operators to deliver ubiquitous communication services. Thanks to the Echostar T1 satellite, its ground network infrastructure and 40MHz of S-band mobile-satellite spectrum, Terrestar connects Canadians from almost anywhere in the country, even in Canada’s most remote regions, through its Strigo Mobile-Satellite Service (MSS). The Strigo service also supports non-profit and First Nations organizations, a testament to the Company’s powerful sense of responsibility towards the welfare and progress of the communities it serves. For more information, visit www.terrestarsolutions.ca, or follow us on LinkedIn.

About Mavenir

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

Meet Mavenir at Mobile World Congress 2025, Barcelona, Mar 3-6, 2025.

To explore Mavenir’s latest innovations and learn more about how Mavenir is delivering the Future of Networks – Today, visit us in Hall 2 (Stand 2H60) at #MWC25.

Media Contacts

Mavenir: Emmanuela Spiteri [email protected]
Terrestar: Victoria Ollers [email protected]

GlobeNewswire Distribution ID 9383268

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iHerb Surpasses $2.4 Billion in Sales, Solidifying Leadership in Global Health and Wellness

Company celebrates record-breaking year with 37 million orders fulfilled in 2024

iHerb surpasses $2.4 billion in sales

iHerb, one of the world’s leading online retailers for vitamins, minerals, supplements and other health and wellness products, celebrated a record-breaking year with 37 million global orders fulfilled in 2024.

IRVINE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — iHerb, one of the world’s leading online retailers for vitamins, minerals, supplements and other health and wellness products, celebrated an extraordinary year in 2024, achieving over $2.4 billion in net sales, an all-time high for the company. Fueled by robust customer demand and a commitment to exceptional service, the e-commerce retailer fulfilled an impressive 37 million orders to 180 countries, reinforcing its position as a trusted global leader in the health and wellness industry.

2024 KEY HIGHLIGHTS

  • Exceptional Performance: iHerb exceeded $2.4 billion in net sales, reflecting a YoY growth of 14.5%. This milestone was driven by an expanded product portfolio and enhanced customer engagement. Additionally, the company’s Anniversary Sale in September 2024 set new company records for net sales, new customer acquisition, gross profit and Adjusted EBITDA. The month-long promotional event generated approximately $250 million in net sales, with 34 international markets each exceeding $1 million in sales, cementing its status as a premier global sales event.
  • High Customer Engagement: Active customers grew by 20% to 12.4 million in 2024, generating 37 million orders. A significant majority of these orders, 73 percent, came from repeat customers, showcasing exceptional customer loyalty. Even with increased demand, the company achieved over 90% in Customer Service Satisfaction and an impressive 85.6% Net Promoter Score (NPS), placing iHerb among an elite group of retailers most recommended by shoppers.
  • Operational Advancements: With seven logistics centers located in the U.S. and abroad, iHerb maintains an average global shipping time of less than five days and nearly half of all orders are delivered in less than three days. The company further reduced its shipping costs and added over 20 shipping methods in 2024, enabling iHerb to offer free shipping in 80 countries while managing the prepaid duties and taxes in 50 countries for expedited clearance.“2024 was a transformative year at iHerb, underscoring the resilience of our business amid global challenges such as inflationary pressures, exchange rate fluctuations in the U.S. dollar, and geo-political unrest,” said Emun Zabihi, CEO of iHerb. “Our quality assortment, paired with a seamless shopping experience, has earned the trust and loyalty of millions of customers worldwide. As we look ahead, we remain committed to our mission of making health and wellness accessible to all.”

LOOKING AHEAD

Building on the momentum of 2024, iHerb plans to strengthen its market position by expanding product lines, enhancing customer relationships, and driving innovation to meet evolving consumer needs. The company is already in the process of opening two additional fulfillment facilities strategically located in Dallas, Texas and Riyadh, Saudi Arabia to shorten delivery times and increase its capacity for new customer growth.

Strategic Pillars for Growth

1.   Drive Global Customer Acquisition and Loyalty
Invest in targeted digital campaigns across search, social, and marketplace channels, with a focus on attracting health-conscious consumers. Garner customer loyalty by continually enhancing the shopping experience via personalized recommendations and information, content localization, and faster delivery.

2.   Enhance Product Selection
Curate a robust product portfolio, blending established category leaders, emerging brands, and proprietary house brands to meet customer demands for daily health essentials and the latest innovations in wellness, beauty, fitness, and home. Broaden and deepen existing product categories and expand into adjacent product categories to further penetrate and increase the $1.3T total addressable market.

3.   Achieve Sustainable Growth through Operational Excellence
Streamline supply chain processes, enhance fulfillment capabilities, and expand logistics infrastructure to meet faster delivery times at the lowest possible cost, ensuring exceptional customer satisfaction globally.

iHerb is poised for continued success as it builds on its strengths, delivering accessible health and wellness solutions for millions of customers worldwide. For more information about iHerb and its mission to make health and wellness accessible to all, please visit corporate.iherb.com.

About iHerb:
iHerb is one of the world’s leading online retailers dedicated to offering an unbeatable selection of vitamins, minerals, supplements and other health and wellness products, including sports nutrition, beauty, bath and personal care, grocery, baby and pet care from over 1,800 reputable brands. Supported by a global workforce of 3,000 team members, iHerb serves over 12 million global customers across 180 countries and 22 languages. iHerb’s sophisticated global logistics network is anchored by seven climate-controlled fulfillment centers located in the U.S. and Asia, providing customers a seamless and reliable shopping experience. Founded in 1996 and based in Irvine, California, iHerb is on a mission to make health and wellness accessible to all. For more information, please visit corporate.iherb.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/752407d5-0a25-4532-b528-645fca244994

For media inquiries, please contact:
[email protected]

GlobeNewswire Distribution ID 9383190