(17/07/24) SATS, the
world’s largest provider of air cargo handling services, has
signed a Memorandum of Understanding with SF Group, an
express delivery and logistics service provider, to expand their strategic collaboration and supply
chain optimisation into a global footprint.
The MOU between the Singapore and Shenzhen-based
companies was signed by Zhang Ji, Vice President of SF
Group, and Bob Chi, CEO of Gateway Services Asia-Pacific at SATS.
“As China’s
largest and the world’s fourth largest integrated logistics
service provider, SF Group is actively promoting its overseas growth strategy,”
said Zhang Ji. “The collaboration with SATS Group, which is one of
the world’s largest aviation ground service providers, with
continuous growth of its worldwide network in the field of
aviation logistics, will enhance the competitiveness of both
parties and achieve a win-win situation.”
Bob Chi (left) with Zhang Ji
SATS and SF Group will combine their respective
areas of expertise and service offerings as well as those of
their affiliate companies, including Worldwide Flight Services
(WFS), a member of the SATS Group, and SF Airlines, the
Chinese cargo airline owned by SF Group.
The partners will
initially look at expanding the successful collaboration of the
existing hub operations in Singapore and eCommerce handling in Liege, Belgium to other global hubs,
including Kuala Lumpur, Malaysia, as well as exploring Proof of
Concepts (POCs) for eCommerce handling in Beijing and at New
York’s JFK International Airport.
The partners also plan to identify and build other
network solutions and specialised
services at more than 200 locations where SATS is present with SF
Group’s extensive demand channels.
In addition, Bob Chi will jointly lead a steering
committee overseeing regional and country-level working groups conducting
projects under the
agreement.
“We are honoured that SF Group has chosen to partner
with SATS to identify new network expansion opportunities and
service improvements globally,” said Bob Chi. “Our
organisations can learn a lot from each other as we embrace our
collaboration and go beyond the traditional customer-vendor
relationship. This is a mutually beneficial partnership where
both parties are leveraging on each other’s strengths to improve
the supply chain and create value for our respective
stakeholders. We are confident of building on the successes
that we have today to expand into a multi-station global network collaboration.”
Growth opportunities
for the SATS and SF Group collaboration will be enhanced by the
continued expansion of the global eCommerce market forecast to
grow by 8.8% in 2024 to US$ 6.3 trillion, and to US$ 7.9
trillion by 2027.
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