SEKO Logistics, with the support of new investment partner Ridgemont Equity Partners, are aiming to boost their presence China. This commences with the expansion of SEKO’s warehouse and fulfillment center in Shenzhen in 2021 to increase capacity by 400% to 250,000 parcels a day.
The move will build on SEKO’s air and ocean freight growth to and from China, which saw a cumulative 20% increase in the last year. It will also support strong B2B demand for SEKO’s Value Added Freight Forwarding (VAFF) services. The opening of more new office locations and an employment drive also follow SEKO’s major contract wins in China in 2020.
The rapid growth of SEKO’s China Export Hub facilities has been driven by its acquisition of Air-City, Inc. in the US, in 2020 and its partnership with Hermes Germany GMBH in Europe. The acceleration of SEKO’s network expansion in China, and the hiring of more sales and operations staff, will also help to serve sellers sending millions of daily parcels a day to Europe, the US and other international markets.
“With the encouragement of Ridgemont Equity Partners, SEKO is entering an exciting new phase of rapid growth, and China is at the forefront of our plans as we look to extend SEKO’s footprint to serve our clients wherever they need us. We are increasing our ability to help customers who want their product to be fulfilled in Hong Kong to cater to online orders in China and Asia. SEKO’s ability to be agile and flexible in meeting the needs of e-tailers and platform operators is also giving us opportunities to expand our business outside of China and Hong Kong. Ultimately, we are building a model for SEKO to vertically integrate all services, from online orders to home, or out of home deliveries,” said Anthony Barnes, SEKO’s Chief Operating Officer, APAC.
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