iPower Completes First Purchase Order Shipment from Vietnam in September
iPower Inc. (IPW)
Company Research
Source: GlobeNewswire
RANCHO CUCAMONGA, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced the successful shipment of its first purchase order (PO) from Vietnam in September. This marks a significant milestone in iPower's ongoing strategy to diversify its supply chain and expand its global reach. Building on its previous engagements with manufacturers in Vietnam, iPower is now realizing the first tangible outcomes of this collaboration. The initial PO was shipped in September, with additional shipments scheduled for this month and continuing thereafter. By diversifying the Company’s supply chain with global partners, iPower ensures greater stability and efficiency while reducing reliance on specific regions. The expansion into Vietnam presents meaningful cost-saving opportunities for iPower. As products begin to arrive in the U.S. and commence sales, the Company anticipa
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IPW
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