Flexport's debut participation in Vietnam International Logistic Exhibition, expanding its footprint with rapidly growing operations

HO CHI MINH CITY,Vietnam,Aug. 10,2023 -- Flexport is participating in The Vietnam International Logistic Exhibition 2023 (VILOG)for the first timeand Thomas Cassuto,the Vice President,Head of Asia will deliver a speech entitled - Digitize Global Supply Chain With Technology,emphasizing Flexport's technology to manage the supply chain with more visibility,control,and actionable insights.

Flexport participated in the 2023 Vietnam International Logistics Exhibition

Flexport,the leading tech-driven logistics platform,has expanded its operations and presence in Vietnam,allowing it to open doors,get closer to its global clients' supply chains and provide added value as its expert partner.

Thomas Cassuto,Vice President,Head of Asia,said,"Logistics is one of the fastest growing industries in Vietnam,with an average growth rate of 14 – 16% a year and a scale of 40 – 42 billion USD/year. Vietnam is an important market for many customers looking for sourcing options in Southeast Asia. We recognize Vietnam as a vital component of our expansion strategy in the Asia-Pacific region. With Flexport's tech-driven efforts,we strive to streamline and visualize the supply chain for our customers worldwide. We are thrilled to expand our reach in Vietnam and participate in the exhibition for the first time. I am excited and look forward to meeting our customers and sharing Flexport's value propositions at VILOG."

Flexport is committed to achieving thedigital transformation of the global supply chain for new and existing clients. It strives to provide customers with a wide range of products,services,and technology solutions to take full control of the supply chain from the factory floor to the customer door.

Thomas further added,"Infrastructure in Vietnam has improved in recent years to meet the growing demand. Vietnamese importers and exporters can gain an edge in managing their supply chain by utilizing Flexport's technology,network,and expertise. In addition,the Flexport platform further enables our customers and partners to gain greater insight,visibility,and control over the global supply chain. We are making global trade easy for everyone and moving the world forward."

Flexport's presence in Vietnam will enable it to capitalize on the tailwinds and opportunities to become the excellent Global Supply Chain Company in Vietnam. For supply chains to truly evolve ahead of trends and turn data points into actionable insights,leveraging digitalization and technologies could be the solution. Flexport is dedicated to empowering all customers such as the need to deliver superior customer experiences and meet fast-evolving consumer demands becoming a more critical business differentiator.

About Flexport

We believe trade can move the human race forward. That's why since our founding in 2013,it's been our mission to make global trade easy for everyone. Flexportis the tech-driven platform for global logistics—empowering buyers,sellers and their logistics partners with the technology and services to grow and innovate. In 2022,Flexport was named #1 on CNBC's Disruptor 50 Listas well as one of Fast Company's Most Innovative Companies. In February 2022,Flexport raised $935 millionin a Series E investment round led by Andreessen Horowitz and MSD Partners with a strategic investment from Shopify,as well as participation from existing partners DST Global,Founders Fund,SoftBank Vision Fund 1,and other investors. The investment brought Flexport's post-money valuation to over $8 billion.