Kerry Logistics teams up with Spanish postal service to target Chinese e-commerce
17 / 06 / 2019
(L) George Yeo, Senior Advisor and former Chairman of Kerry Logistics, and Juan Manuel Serrano Quintana, President of the Board of Directors of Correos
Kerry Logistics has announced a new partnership with Spanish national postal service Sociedad Estatal de Correos y Telégrafos as the two target Chinese e-commerce demand.
The two groups will establish a joint venture (JV) company, with Kerry taking a majority stake, that will offer end-to-end cross-border e-commerce solutions from China to worldwide destinations.
To fulfill 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 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 200,000 sq ft and have a sorting capacity of 500,000 parcels per day.
William Ma, Group Managing Director of Kerry Logistics, said: “The JV combines the diverse capabilities of its two partners, each complementing the other to refine the process of e-commerce parcels handling and deliveries. As China’s cross-border e-commerce exports grow, we are determined to prepare ourselves for seizing emerging opportunities. Utilising our deep understanding of customers’ needs both in China and abroad, Kerry Logistics is confident in meeting the rapidly growing international demands through working closely with Correos.”
Juan Manuel Serrano Quintana, President of the Board of Directors of Correos, said, “The new partnership with Kerry Logistics presents a unique opportunity for Correos to capture the outbound e-commerce parcel deliveries from China, which is the largest trade and economic partner for Spain in Asia. It also offers a way forward for Correos to create a sustainable business model to meet the growing demand in the booming e-commerce business and the ever-changing customer needs.”
Cross-border e-commerce exports from China recorded a 67% year-on-year increase in 2018, amounting to RMB56.1bn, according to China’s General Administration of Customs.
