- Establishes a platform to support the creation of innovative
new-to-market B2B and B2C products and services enhancing market
access, initially between China
and the U.S., with plans for further global market
expansion
- Products supported by the joint venture will leverage the
parent companies' networks, product portfolios, technologies and
supply chain expertise
- Customers in China to be
offered more international shipping options, transit times and
services, enhanced visibility and control of international
shipments and cohesive customer care at origin and
destination
- Joint venture subject to regulatory approval
MISSISSAUGA, ON, May 26, 2017 /CNW/ - UPS (NYSE:UPS) and SF
Holding (SZSE:002352), the parent company of SF Express, today
announced plans to establish a joint venture and collaborate to
develop and provide international delivery services initially from
China to the U.S., with expansion
plans for other destinations. Through this agreement the parties
will leverage their complementary networks, service
portfolios, technologies and logistics expertise. The joint venture
is subject to regulatory approval.
UPS is the world's largest express delivery company and a
leading global supply chain integrator. SF is a market leader in
express delivery in China, with
extensive China-wide network
coverage, comprehensive service capabilities, and the highest brand
recognition in the Chinese small package market.
"UPS is excited to form a joint venture with SF. This joint
venture will support products that provide competitive benefits to
our Chinese customers who trade or seek to trade internationally,"
said Ross McCullough, president of
UPS Asia Pacific. "Our combined efforts will result in new
logistics products and services to simplify and accelerate B2B and
B2C customers' cross-border trade."
The joint services offerings combine the strengths of SF's
extensive Chinese network, encompassing more than 13,000 service
points in the world's largest and fastest growing package delivery
market, with UPS's market leading globally integrated network with
coverage between more than 220 countries.
Alignment of the partners' shipping networks will provide
customers with greater coverage, additional routing options,
increased capacity and more choice in transit times and service
options. The joint venture will initially focus on supporting these
highly competitive joint service offerings on the China-to-U.S. lane, with planned expansion to
markets in the rest of the world.
"China is leading the world in
terms of e-commerce market size, growth, penetration and mobile
business usagei. Coupled with a rapidly growing and
internet-savvy consumer base, it's imperative that SF and UPS
collaborate to revolutionize the logistics sector," said
Alan Wong, vice-president, SF.
"Together, we aim to bring greater competitive advantages to our
customers in China, to succeed
globally."
The joint venture supports the creation of competitive synergies
for UPS and SF through the combined scope and scale of both
companies' complementary networks. Both companies will
utilize their own assets to enhance operational effectiveness and
efficiency while aligning business processes in order to provide
seamless customer care for all parties shipping out of
China.
About UPS
UPS (NYSE: UPS) is a global leader in
logistics, offering a broad range of solutions including
transporting packages and freight; facilitating international
trade, and deploying advanced technology to more efficiently manage
the world of business. Headquartered in Atlanta, UPS serves more than 220 countries
and territories worldwide. The company can be found on the web
at ups.com® and its corporate blog can be found
at longitudes.ups.com. To get UPS news direct,
visit pressroom.ups.com/RSS or
follow @UPS_Canada.
About SF Holding
SF Holding (SZSE:002352), the parent
company of leading integrated express logistics service provider in
China, SF Express, offers
high-quality logistics services to the full value chain, including
production, supply, sales and distribution. Focusing on customer
needs, SF leverages big data and cloud computing technology to
provide integrated logistics services composed of warehouse
management, sales forecasting, big data analysis and settlement
management. As an intelligent logistics operator with a large scale
network, SF has access to domestic and international logistics
networks, including air transportation, substation, ground
transportation, customer services and industrial parks.
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https://www.emarketer.com/Article/China-Eclipses-US-Become-Worlds-Largest-Retail-Market/1014364
SOURCE UPS Canada Ltd.