- 17 June 2019
- Transport / Logistics Services
Kerry Logistics has announced a strategic partnership with Spanish postal operator Correos, providing end-to-end cross-border e-commerce solutions from China to worldwide destinations, in which Kerry Logistics holds a majority interest.
The joint venture leverages Kerry Logistics’ experience in origin sortation, line haul and customs clearance, and Correos’ years of expertise in the postal and commercial solutions. China’s cross-border e-commerce market grew by 67% year on year to 2018.
Under the deal, a world-class sorting centre is to be set up in Southern China, and is to open in Q4 of this year. It is to be 200,000 square feet in size and have an initial sorting capacity of half a million 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.”