Sats to expand partnership with China’s SF Group to more global locations
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The memorandum of understanding signing ceremony at SF Group's headquarters in Shenzhen, with Sats CEO of Gateway Services Asia-Pacific Bob Chi (left) and SF Group vice-president Zhang Ji.
PHOTO: SATS
Tay Peck Gek
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SINGAPORE – Air cargo handler Sats is looking to take its partnership with Chinese express delivery and logistics service provider SF Group to more global locations, under a newly signed memorandum of understanding.
The companies will leverage their areas of expertise and service offerings as well as those of their affiliate companies – including Sats’ Worldwide Flight Services and SF Group’s cargo carrier SF Airlines – through strategic collaboration and supply chain optimisation, Sats said on July 16.
Its announcement described SF as the world’s fourth-largest – and China’s largest – integrated logistics service provider.
Sats and SF’s collaboration in existing hub operations in Singapore and e-commerce handling in Liege, Belgium, will be extended to other global hubs, including Kuala Lumpur, Malaysia, for a start. The companies would also explore proof of concepts for e-commerce handling in Beijing, China, and at New York’s John F. Kennedy International Airport.
They will also identify and build other network solutions or specialised services from more than 200 locations where Sats is present with SF Group’s extensive demand channels. This came after Sats restructured its gateway services business into two new business units: Singapore Hub and Gateway Services Asia-Pacific.
The global e-commerce market is forecast to be worth US$6.3 trillion (S$8.5 trillion) in 2024, and US$7.9 trillion in 2027, Sats said in the statement.
Sats shares fell 0.6 per cent to $3.32 on July 16. THE BUSINESS TIMES
