SATS and SF Group Signal MOU to Broaden International Footprint

Darkish/Mild Mode
(17/07/24)
 SATS, the
world’s largest supplier of air cargo dealing with companies, has
signed a Memorandum of Understanding with SF Group, an
categorical supply and logistics service supplier, to broaden their strategic collaboration and provide
chain optimisation into a world footprint.

The MOU between the Singapore and Shenzhen-based
firms was signed by Zhang Ji, Vice President of SF
Group, and Bob Chi, CEO of Gateway Providers 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,”
stated 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.”

SATS and SF Group will mix their respective
areas of experience and repair choices in addition to these of
their affiliate firms, together with Worldwide Flight Providers
(WFS), a member of the SATS Group, and SF Airways, the
Chinese language cargo airline owned by SF Group.

The companions will
initially have a look at increasing the profitable collaboration of the
current hub operations in Singapore and eCommerce dealing with in Liege, Belgium to different international hubs,
together with Kuala Lumpur, Malaysia, in addition to exploring Proof of
Ideas (POCs) for eCommerce dealing with in Beijing and at New
York’s JFK Worldwide Airport.

The companions additionally plan to establish and construct different
community options and specialised
companies at greater than 200 areas the place SATS is current with SF
Group’s in depth demand channels.

As well as, Bob Chi will collectively lead a steering
committee overseeing regional and country-level working teams conducting
initiatives beneath the
settlement.

“We are honoured that SF Group has chosen to partner
with SATS to identify new network expansion opportunities and
service improvements globally,” stated 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.”

Development alternatives
for the SATS and SF Group collaboration will likely be enhanced by the
continued growth of the worldwide eCommerce market forecast to
develop by 8.8% in 2024 to US$ 6.3 trillion, and to US$ 7.9
trillion by 2027.

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