SATS and SF Group Sign MOU to Expand Global Footprint

Dark/Light Mode (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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Published on Travel News Asia at:
https://www.travelnewsasia.com/news24/177-SATSSFGroup.shtml