Technologies like AI, data analytics, IoT and blockchain are pushing the boundaries of what supply chain and logistics companies can do to significantly improve their operations. As supply chain management continues to increase in complexity, more industry players will depend on new technologies to better understand where their business stands. Singapore-based YCH Group knows its business and is putting innovation at the heart of its development and growth. Located at Supply Chain City, … [Read more...] about YCH: Pushing Asia’s supply chains to new frontiers
Logistics
JD Logistics IPO in Hong Kong moves back on track
JD.com, China's number 2 e-commerce company, has filed the draft prospectus to list its logistics unit with the Hong Kong’s stock exchange. A timing for the IPO was not disclosed but according to reports the company is eyeing to raise at least US$4 billion. Late last year, the company got $4.5 billion in June via a secondary listing and listed its online healthcare unit JD Health International Inc. and raised over $3.4 billion. It expects $40 billion valuation for JD Logistics. If … [Read more...] about JD Logistics IPO in Hong Kong moves back on track
DHL Supply Chain goes green in Thailand
The contract logistics arm of DHL in Thailand is on track to meet its zero carbon emissions target by 2050, as it invested US$1.2 million (฿36 million) for solar panels to optimise energy consumption, and rolled out ‘greener innovations’ throughout its operations. The panels, covering the size of three football fields or around 11,000 sqm, were installed on the rooftops of four warehouses at its Bangna Logistics Campus in Samutprakarn. DHL expects to generate enough energy to fulfill 38 … [Read more...] about DHL Supply Chain goes green in Thailand
JD Logistics inaugurates warehouses in Europe
JD.com’s logistics unit has started warehouse operations in Europe with the opening of two automated warehouses in Poland and Germany early in March. The company expects to provide convenient and rapid fulfillment for clients in Europe with the help of a cutting-edge automated ground vehicle (AGV) system in both facilities. JD's warehouse in Poland is located on the border with Germany, 90 kilometres from Berlin, and is connected to the major highways, airports and ports in Europe. … [Read more...] about JD Logistics inaugurates warehouses in Europe
DSV Panalpina acquires Agility’s GIL unit for US$4.2 billion
DSV Panalpina is set to become the world's third largest transport and logistics company as it announced the acquisition of Agility's Global Integrated Logistics (GIL). The transaction, valued at US$4.2 billion (DKK 26 billion), is the latest acquisition of the Danish company after it bought out Swiss-based Panalpina 2 years ago. DSV recently completed the integration with Swiss Panalpina, and with the acquisition of GIL, the company is set to become the world’s third largest with a combined … [Read more...] about DSV Panalpina acquires Agility’s GIL unit for US$4.2 billion
B&H Worldwide expands Singapore operations
Aerospace logistics specialist B&H Worldwide is ramping up its global expansion by doubling the size of its Singapore operations. The company has set up a new facility at Changi Airport as it aims to grow its business in one of the world’s fastest growing aerospace markets. B&H Worldwide said the new unit, located adjacent to its existing operations within the Airport Logistics Park of Singapore (ALPS) free trade zone at Changi, will enable the company to continue serving customers … [Read more...] about B&H Worldwide expands Singapore operations