IPower Launches US Packaging Joint Venture to Boost Domestic Manufacturing

iPower Inc. has launched United Package NV LLC, a joint venture focused on domestic production of packaging materials as part of its 'Made in USA' strategy within the SuperSuite Supply Chain Platform. This initiative aims to reduce reliance on overseas manufacturing, enhance supply chain resilience, and offer faster lead times and cost-effective, sustainable solutions for U.S. businesses. CEO Lawrence Tan emphasized that the venture supports reshoring critical manufacturing capabilities and boosting operational agility in the U.S. The integration of United Package into SuperSuite is expected to accelerate production and delivery, reduce exposure to global shipping disruptions, and lower carbon footprints. Analysts view iPower's stock positively, with an average price target implying significant upside, reflecting optimism about the company's strategic pivot towards localized manufacturing. iPower plans to continue expanding its domestic manufacturing footprint through further strategic ventures to support a growing network of U.S. manufacturers.