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AIR cargo handler Sats is looking to take its partnership with Chinese express delivery and logistics service provider SF Group to more global locations, under a newly signed Memorandum of Understanding (MOU).
The companies will leverage their areas of expertise and service offerings as well as those of their affiliate companies – including Sats’ Worldwide Flight Services and SF Group’s cargo carrier SF Airlines – through strategic collaboration and supply chain optimisation, said Sats in a press statement on Tuesday (Jul 16).
The statement described SF as the world’s fourth largest – and China’s largest – integrated logistics service provider.
Sat and SF’s collaboration in existing hub operations in Singapore and e-commerce handling in Liege, Belgium will be extended to other global hubs including Kuala Lumpur, Malaysia, for a start.
The companies would also explore proof of concepts for e-commerce handling in Beijing China, and at New York’s JFK International Airport.
Additionally, they will also identify and build other network solutions or specialised services from more than 200 locations where Sats is present with SF Group’s extensive demand channels.
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This came after Sats restructured its gateway services business into two new business units, Singapore Hub and Gateway Services Asia-Pacific.
The global e-commerce market is forecast to be worth US$6.3 trillion in 2024 and US$7.9 trillion in 2027, said Sats in the statement.
Shares in Sats, which is also a ground-handler and inflight caterer, were trading at S$3.31, down S$0.03 or 0.9 per cent at 12.31 pm on Tuesday, after the announcement was made.
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