Kerry Logistics Network is responding to growing demand for multimodal options with a new one-stop solution (1S2) for imports and exports between the UK and Turkey. The new service features supply chain visibility through an online portal called KTreker and covers all modes to cater to customers who are looking for alternative sourcing locations outside Asia. Kerry Logistics is one of IATA’s primary cargo agents in Turkey and the company said the one-stop solution 1S2 was developed for … [Read more...] about Kerry Logistics launches new service on UK-Turkey lane
Kerry Logistics
Kerry Logistics forms JV with hygiene products maker
Hong Kong-listed Kerry Logistics Network and Hengan International Group have set up a joint venture to create ‘synergy’ in the business-to-business (‘B2B’) bulk distribution and wholesale market of medical, healthcare and hygiene products. Hengan Group is a known producer of hygiene consumables like diapers and band-aids in China, and the company is looking to expand its business into other Asian countries and territories moving forward. Kerry Logistics says the joint venture company was … [Read more...] about Kerry Logistics forms JV with hygiene products maker
SF Holding takes over Kerry Logistics in $2.3b deal
Parcel delivery firm SF Holding is set to acquire a majority stake of Kerry Logistics as it aims to improve its international logistics capacity in a proposed ‘strategic investment and cooperation’ between the two companies, a press release confirmed. The proposed takeover will see the Chinese courier take a 51.8 percent stake in Kerry Logistics at HK$18.8 (US$2.43) per share, with the deal valued at US$2.3 billion. News broke of a potential deal last week as trading for both companies was … [Read more...] about SF Holding takes over Kerry Logistics in $2.3b deal
Kerry Logistics posts strong H1, backed by airfreight and e-commerce
Kerry Logistics’ net profit jumped 26 percent to HK$845 million (US$109 million) in the first six months, compared to the same period last year, despite experiencing a downturn in its warehouse business due to Covid-19. A shortfall in total logistics revenue was attributed to operating fewer warehouses in Hong Kong. As widespread lockdowns resulted to a drop in demand for non-essential products, the Hong Kong-based logistics provider said warehouse operations in Asia have been severely … [Read more...] about Kerry Logistics posts strong H1, backed by airfreight and e-commerce
Kerry Logistics reinforces its commitment to technological innovation
Kerry Logistics Network Limited reinforces its commitment to technological innovation, by organising its first Hackathon, when eight teams competed at the two-day event. Combining robotics, machine learning, and artificial intelligence, the teams devised applications for autonomous drones to enhance operational efficiency and accuracy. The winning team was commended for its outstanding ability to bridge the gap between innovative ideas and practical use. The competitors incorporated … [Read more...] about Kerry Logistics reinforces its commitment to technological innovation
Kerry Logistics Introduces IoT Solution to Global Supply Chain with Smart Sensor
Kerry Logistics Network Limited brings Internet of Things (IoT) to practice in international shipments with the introduction of smart sensor which enables total supply chain visibility and sophisticated security measures. With real-time information available on the digital supply chain, Kerry Logistics is able to provide timely and useful data to international customers for agile decision making and response to achieve ultimate supply chain optimisation. The sensor-based logistics solution … [Read more...] about Kerry Logistics Introduces IoT Solution to Global Supply Chain with Smart Sensor
