GERMANY's Deutsche Post DHL has signed and agreement with to transfer its supply chain operations in China to Shenzhen's SF Holding under a 10-year contract
GERMANY's Deutsche Post DHL has signed and agreement with to transfer its supply chain operations in China to Shenzhen's SF Holding under a 10-year contract. First announced last October, DHL will receive an upfront payment of RMB5.5 billion (US$812 8 million) and a revenue-based partnership fee over the next decade.
DHL provides the co-branded business with trademark licence, customer referral, employee training, best practice sharing and other areas of support.
The co-branded Shanghai-based business will be named SF DHL Supply Chain China and Yin Zou, former chief executive, Greater China of DHL Supply Chain, was appointed chief executive of the organisation, and along with his existing management team, will continue leading the business.
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