Kunshan, CHINA, 12 July 2011 - Leading Singapore-based logistics and supply chain management (SCM) company YCH Group today signed an MOU (Memorandum of Understanding) with the Kunshan's Lujia County Government to establish YCH's emblematic City Supply Chain ("CSC") services for the entire Kunshan city. The MOU was signed at the 2011 Kunshan Service Industries Business Symposium, where Kunshan Party Secretary Mr. Guan Aiguo was the Guest-of-Honour witnessing the significant event.
YCH is the first regional logistics and SCM company to be identified by the Kunshan government to offer supply chain expertise and consultancy services to manage the growing logistics requirements of Kunshan. Customized for the mainland China market that is currently facing various logistics and last mile delivery challenges brought about by rapid population growth far exceeding the speed of infrastructural developments, YCH's suite of CSC services for Kunshan is expected to relieve some of the current concerns in traffic congestion and guarantee a higher level of product safety, quality and security.
Given Kunshan's export-oriented economy, the city is also facing an increase in cargo flows as more and more global manufacturers shift their production bases to various parts of China, including Kunshan where many of the regional offices of electronics and IT companies reside. A critical constituent of YCH's East China network, YCH Kunshan has been a robust provider of end-to-end SCM services ranging from warehousing, transportation management, import/export clearance, customs documentation, VMI and customized fulfillment services for global MNCs such as Dell, Danisco and ExxonMobil.
In terms of CSC activities, this is YCH's second major agreement with a Chinese city since its collaboration with the Chengdu government in October 2009, where the Group entered into a strategic partnership with Chengdu to establish an advanced sustainable supply chain framework for the entire city in order to meet their needs for efficient and safe distribution of consumer goods, as well as the reduction of air pollution, traffic congestion and overall logistics costs due to more optimized fleet management and route planning.
The announcement of this MOU will hence further strengthen YCH's CSC niche in urban-focused consumer fulfillment while partnering the Chinese government agencies to be well-aligned to their macro city development plans. It also signifies a stronger distribution network and capabilities for YCH East China due to Kunshan's location within Suzhou and adjacency to Shanghai - where several other state-of-the-art YCH DistriParks and facilities are also situated.
YCH is one of the pioneer Singapore firms to enter the Chinese market, in Shanghai in the mid 1990s. It has since built a comprehensive logistics network in the country with presence in gateway cities such as Beijing, Tianjin, Hangzhou, Suzhou, Kunshan, Xiamen, Shenzhen, Guangzhou, Macau and Hong Kong servicing MNC customers such as Dell, Motorola, Compal, Samsung and Mary Kay. Most recent developments in YCH's Greater China network include the launch of the highly advanced, RFID-powered 465,000 square feet YCH DistriPark in Shanghai Yangshan Free Port in October last year, as well as the announcement of a partnership with the Xiamen Port Development to launch a 609,000 square feet XPD-YCH DistriPark in Xiamen, China to become the Centre of Excellence for VMI and ODM Capabilities, providing AIO (All-In-One) logistics solution for world-class companies.
About YCH Kunshan
Strategically located in the heartland of a major computer notebook manufacturing hub, YCH Kunshan operates one of the most comprehensive multi-services hubs within the YCH China network. With a proven track record for delivering seamless connectivity and efficient management of raw materials from production lines to finished goods distribution of world renowned high-end electronic products, one of its key activities include running a 10,000 square metre Vendor Management Inventory (VMI) hub in support of Dell's key Original Design Manufacturers (ODMs) that include Compal and Wistron.�In line with YCH Kunshan's growth plans, its latest development of a 3.3 hectares state-of-the-art DistriPark is slated for completion in 2012, and is strategically located within the Kunshan Export Processing Zones - adjacent to the electronic manufacturing, optical, precision machinery and bonded logistic industry clusters that provide Just-in-Time (JIT) supply chain solutions to global brand names like Dell and Motorola. The regional office's significant contribution to Kunshan City's supply chain industry and economic growth earned it the "Founding Enterprise of Modern Logistics in Kunshan City, Jiangsu Province - Outstanding Advanced Modern Logistics Enterprise" award from the Kunshan government in September 2010.
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 for four consecutive times from 2007 to 2010. More recently, YCH was named 'Most Admired Large Enterprise (Innovation)' in the high-level ASEAN Business Awards 2010 and 'Enterprise of the Year' at the Singapore Business Awards 2011.
More information about YCH can be found on www.ych.com
For media enquiries, please contact:
Ms Tien Yushan, YCH Corporate Communications at firstname.lastname@example.org or (65) 6417 2773 / 9772 7150