YCH cements Asian prowess with ASEAN Business Award win

Oct 28, 2010 12:00:00 AM

YCH cements Asian prowess with ASEAN Business Award win
- Garnering top honours in the Innovation category, the regional award is a distinct recognition of supply chain excellence driven by innovation and constant progress in the region

Hanoi, Vietnam, 28 October 2010 - Leading regional logistics and supply chain management company YCH Group clinched the award as the �Most Admired ASEAN (Large) Enterprise� in the Innovation category, at the ASEAN Business Awards (ABA) 2010 last night. Held at the National Convention Center of Hanoi, Vietnam yesterday on 27 October as part of the high-level 17th ASEAN Business Investment Summit (ASEAN-BIS), the annual ABA honours outstanding ASEAN companies that have contributed to ASEAN�s stellar economic growth.

The award win affirms YCH�s proven ability to develop innovative end-to-end supply chain solutions to achieve supply chain excellence in Asia, and also cements the group�s status as a leading supply chain solutions provider with distinct forte and expertise in the rapidly developing ASEAN region.

This year, YCH Group emerged victorious in its category after rigorous rounds of judging, which included criteria such as being able to synthesize customer and market insights into business consideration, having innovation as a corporate value, innovative products and business processes, and the extent of the company�s Research & Development (R&D).

There were a total of four award categories given out at the Gala Dinner � Innovation, Growth, Employment and Corporate Social Responsibility; and for each award category, two top prizes � one for large enterprises and the other for SMEs (Small-medium Enterprises) were presented.

�We are very proud to have been conferred this accolade as it rings clear our culture of innovation in our company. YCH will continue to propagate innovation as our way of life, and hope that as a role model for other aspiring ASEAN companies, they too will adopt pioneering methods and inventive measures in their respective fields,� said Mr. Philip Tan, Vice President of ASEAN, YCH Group.

�YCH is truly an inspiring example of a homegrown ASEAN company that has evolved from its humble beginnings to a dynamic force in the entire region today, contributing towards the growth and prosperity of the ASEAN economic community via their innovative and impactful supply chain management and solutions. We hope to encourage more ASEAN-based enterprises to continue innovating and perfecting their know-how so that they can also become well-placed to provide fair competition against the global conglomerates,� said His Excellency Mr Pradap Pibulsonggram, Former Thai Ambassador to Rome & ASEAN High Level Task Force on Connectivity, Ministry of Foreign Affairs who was one of the distinguished judges on the Asean Business Awards 2010 Judging Panel.

Along with superpowers China and India, ASEAN has today become a key enabler of growth in the Asia continent and one of its priority focus is to boost economic growth through enhancing logistics and infrastructure. Dr Robert Yap, Chairman & CEO, YCH Group highlighted, �We are honoured to be given this recognition as ASEAN�s Most Admired Large Enterprise for Innovation and this will certainly spur us on to further hone our supplychain innovation efforts to deliver cutting-edge value to our world-class partners. Building upon our comprehensive network in this region, YCH will continue to fuse innovation with flawless execution to raise the bar for SCM professionalism as ASEAN takes centre stage in Asia�s supply chain industry.�

Recent lauds from the CIO 100 and IDC-Enterprise Innovation Awards earlier this year is further testament to YCH Group�s continued commitment to being an innovation-driven enterprise, striving for supply chain distinction and growing together with the ASEAN community as both entities cement their mark on the global arena.

About YCH Group

Founded in 1955, YCH Group is the leading integrated end-to-end supply chain management and logistics partner to some of the world�s largest companies, including Dell, Motorola, Samsung, LG, Exxon Mobil, Unilever, LVMH and Royal FrieslandCampina. YCH Group�s suite of innovative award-winning end-to-end supply chain management solutions - Intribution�, Intrabution�, Retrogistics�, Y-Merge� and V-Hub� - employ cutting edge web-technologies that are best-in-class across industry clusters from consumer and electronics to chemical and healthcare, to deliver powerful competitive advantages for customers. The Singapore-based company currently operates throughout Asia-Pacific, including Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Australia, China, India, Vietnam and Korea.

A strong proponent of innovation, YCH is recognized for its 7PL� approach in seamlessly integrating supply chain strategy with execution to attain success in the SCM industry. YCH attained the highly-regarded Singapore Innovation Class in October 2005 and clinched Top Honours as Winner of the IDC Enterprise Innovation Awards 2010. As a forerunner in worldwide supply chain security, YCH is the first recipient of the ISO 28000: 2007 certification for excellent security management in the global SCM industry. YCH also won the prestigious National Infocomm Award 2008 for its RFID-enabled �High Performance Supply Chain Nerve Centre� and was conferred the �Asian 3PL of the Year� award by Supply Chain Asia in 2007, 2008 and 2009.

More information about YCH can be found on www.ych.com

For media enquiries, please contact:
Ms Tien Yushan, YCH Corporate Communications at corporate@ych.com

YCH Group Chairman & CEO Dr Robert Yap (centre) receiving the prestigious award. Vietnam�s Deputy Prime Minister H.E. Mr. Pham Gia Khiem (1st from right) and Chairperson of ABA 2010 Mdm Nguyen Thi Nga (2nd from left) applaud the win.
Heartfelt thanks to all valued customers, partners and friends of YCH for inspiring us to continuously innovate as we move along our journey towards achieving supplychain excellence!