Creating a ‘global one-stop medical supply chain service’

Hong Kong-based international cross-border logistics service provider U-Freight Group (UFL) has inked a deal with Shanghai Hongyu Supply Chain Management Co designed to marry the latter’s expertise in China’s medical and healthcare sector with UFL’s experience in international freight forwarding and logistics.

According to the agreement, the two companies will share resources in order to develop complementary domestic and foreign supply chain management networks incorporating transportation, storage and associated logistics services.

Shanghai Hongyu Supply Chain Management Co offers services such as warehousing, transportation and facilitating associated documentation to assist clients in obtaining import and export permits for medical products.

Said UFL, the two parties will create a “global one-stop medical supply chain service”, providing clients with greater choice in managing the supply chains of their medical and health care devices, as well as enabling more integrated distribution and fulfilment operations worldwide.

Plus, the alliance is also designed to provide effective third-party logistics support for foreign health and medical device businesses looking to enter the Chinese market.

The alliance between the two companies will encompass not only traditional trade methods, but also e-commerce and other avenues.

Jacky Cao, general manager of Shanghai Hongyu Supply Chain Management Co, remarked: “The cooperation between Shanghai Hongyu Supply Chain Management and UFL aligns with [bringing] cost effective and efficient logistics services to the medical and healthcare equipment manufacturing and procurement market, both in China and overseas.

“I firmly believe that through the cross-border integration of the logistics and procurement activities of UFL and Shanghai Hongyu Supply Chain Management, we will create even greater values, set an example in this niche sector and drive industry development.”

Simon Wong, UFL’s CEO, added: ”In markets where we don’t have our own operation, we have developed exclusive partnerships with regionally strong businesses.

“Some of these alliances are over 40 years old.

“Our cooperation with Shanghai Hongyu Supply Chain Management shows how we are embracing innovation to offer one-stop manufacturing, procurement and logistics solutions in the niche medical and healthcare equipment sector.”