Shanghai, 20 November 2008 - Leading Singapore-based logistics and supply chain management company YCH Group was today awarded �Asian 3PL of the Year� accolade at the Supply Chain Asia Logistics Awards 2008 for the second consecutive year, at a gala dinner held at the JW Marriott Hotel at Shanghai�s People Square. The award recognises and honours the best logistics service providers in Asia.
Mr Roger Yap, VP, Global Ops of YCH Group (right) receiving the 2008 �Asian 3PL of the Year� award from Mr David Chen, CEO of Dematic China (left), one of the presenters at the Supply Chain Asia Logistics Awards.
�This award is a strong endorsement from the logistics industry and is testament to YCH�s leadership in supply chain management. Our philosophy of continuous innovation and the effective use of information technology have enabled us to develop a logistics superhighway, to help our customers scale their business growth to achieve powerful competitive advantages. Being recognized for the second consecutive time is a positive endorsement which will spur us to raise the bar as we become the leading integrated end-to-end supply chain management solutions provider in Asia Pacific,� said Dr. Robert Yap, Chairman and CEO, YCH Group.
YCH was awarded the accolade based on a comprehensive list of criteria including the ability to understand clients� needs; the range of specialized services on offer; size of transport and warehouse network; IT capability; level of local knowledge of developing Asian markets and cost of services.
YCH�s latest win comes as a remarkable addition to the group�s constant journey towards supply chain excellence. The company was also recently awarded �Best Domestics Logistics Service Provider (Singapore)� and �Best IT/Electronics Logistics Service Provider (Singapore)� at the 2008 Frost & Sullivan ASEAN Transportation & Logistics Award for the second consecutive year. YCH�s �High Performance Supply Chain Nerve Centre � RFID-enabled� project also secured the recognition of being the �Most Innovative Use of IT in the Private Sector� at the biennial National Infocomm Awards this year.
�Asia continues to experience exponential growth, especially in markets like China, India and Vietnam. As such, the logistics and supply chain management industry in the region requires companies such as YCH, who are able to combine best-in-class solutions, capabilities and standards with strong in-market knowledge to support this growth,� said Mr. Turloch Mooney, Managing Director (Editorial), SC Asia Publications and Chair of the Judging Panel for the Supply Chain Asia Logistics Awards 2008.
The Supply Chain Asia Logistics Award was open to companies with global headquarters located in an Asian country. Five finalists were selected through online and offline voting via Supply Chain Asia�s weekly e-newsletter and a form in the July issue of Supply Chain Asia magazine. All ballots were tracked to ensure that only one vote per individual was cast and to ensure companies cannot vote for themselves. A panel of independent judges from the industry then selected the final winner based on a 200-word submission on why they are deserving of the award.
Having established its presence in 15 countries in the region, YCH has been aggressively expanding its regional footprint in ASEAN, India and China. In China alone, YCH has developed a comprehensive logistics network in cities such as Tianjin, Hangzhou, Xiamen, Shenzhen, Guangzhou, Macau and Hong Kong since the early nineties. It recently launched the first Radio Frequency Identification (RFID) enabled warehouse in the Shanghai Lingang Logistics Zone. The facility will introduce RFID as the core enabling technology for the logistics industry with a wide range of new capabilities that enhances the operations of world-class MNCs across the sectors of electronics, chemical, healthcare and consumer goods industries.
YCH�s next strategic move is to expand into China�s 2nd-tier cities. The group recently inked a Memorandum of Understanding with South West Logistics Co. Ltd, a subsidiary of Frasers Centrepoint Ltd., to launch a Logistics Park in Chengdu to fulfil the SCM requirements of its growing consumer market.
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, Canon, Dystar, Solutia, Moet-Hennessy and Frisian Foods. 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 Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Australia, China, India, Korea, Japan and Vietnam.
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 was conferred the Asian 3PL of the Year award by Supply Chain Asia in 2007. The company is also a consecutive winner of the highly-regarded Frost & Sullivan ASEAN 4 Logistics Awards for being Singapore�s Best Domestic LSP and Best IT/Electronics LSP two years in a row. 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. Recently, YCH�s �High Performance Supply Chain Nerve Centre � RFID enabled� project also won the prestigious National Infocomm Award 2008. More information on YCH is available on http://www.ych.com
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