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Venture to capitalise on China’s E-commerce export growth
Kerry Logistics Network Limited has announced it is set to capitalise on the growing potential of China’s e-commerce exports by entering into a joint venture with Spain’s national postal service Sociedad Estatal de Correos y Telégrafos, S.A. (‘Correos’) to provide end-to-end cross-border e-commerce solutions from China to worldwide destinations, in which Kerry Logistics holds a majority interest.
To fulfil an increasing emphasis on e-commerce parcel security and compliance a sortation centre will be set up in Southern China under the new JV, equipped with an automated sorting system and stringent parcel screening and security controls to ensure speedy parcel handling and full compliance. The facility, targeting to open in 2019 Q4, will occupy an area of over 18,580 m2 and have an initial sorting capacity of 500,000 parcels per day.
The fast-changing logistics landscape in China called for innovation and flexibility in order to capture and serve new and emerging business models and brands. Kerry Logistics will continue to broaden and deepen its reach in China selectively.