Asia-based but globally active 3PL Kerry Logistics has announced that it is to create a joint venture (JV) with Hong Kong-headquartered E-Services Group (ESG), an international e-commerce company active in Asia.
The tie-up – Kerry ESG (HK) Company Limited (or, more simply, Kerry ESF) – is expected to go into operation next month (March).
Kerry Logistics expects the new JV strengthen its global e-commerce fulfillment capabilities, especially in the Greater China region.
A statement from the 3PL noted that the JV will combine its own global supply chain capabilities with ESG’s technology platform, global marketplace networks and e-commerce expertise to offer etailers cost-efficient international solutions.
Through direct integration with leading shopping carts and global marketplaces, etailers using Kerry ESG’s services will be able to “seamlessly manage their order fulfillment, inventory, and returns to and from multiple logistics centres through one platform”, it said.
William Ma, group managing director at Kerry Logistics, commented: “With Kerry ESG, we are creating a unique platform with total solutions from upstream marketing to downstream logistics that will capitalise on the booming international marketplace model to facilitate the exports for our international brand customers.
“Combining forces as industry leaders, Kerry Logistics and ESG are well-positioned to unlock the potential in the market with this new joint venture.”
Alan Lim, founder and chief executive of ESG, added: “Winning at e-commerce means getting every piece of the puzzle right, and fast, reliable fulfillment is a critical component of success.
“This partnership gives etailers access to an extensive distribution network to support e-commerce fulfillment in every market and with every online channel.
“With Kerry Logistics we have found a great partner, whose capabilities complement ours and whose culture and vision matches that of our team,” Lim enthused.
Kerry Logistics has identified cross-border e-commerce, particularly between Greater China and the ASEAN (Association of Southeast Asian Nations) region, as a major growth sector which “plays to its strengths”.
