SHSCM inks global UFL deal 

Latest News

Tuesday, 12 March 2024

U-Freight Group (UFL) has signed a strategic cooperation agreement with Shanghai Hongyu Supply Chain Management Co (SHSCM).
SHSCM specialises in medical and healthcare products and together they plan to develop  complementary domestic and foreign supply chain management networks, incorporating transportation, storage and associated logistics services, creating a global one-stop medical supply chain service as well as more integrated distribution and fulfilment operations.

Jacky Cao, general manager of SHSCM, noted that a recent meeting of a standing committee of the State Council of the People's Republic of China focused on the country’s huge medical and healthcare equipment market and the need to reduce logistics costs associated with production, distribution and international expansion.

“The cooperation between SHSCM and UFL aligns with this meeting's objectives, bringing cost effective and efficient logistics services to the medical and healthcare equipment manufacturing and procurement market, both in China and overseas."

Simon Wong, UFL’s ceo said: ”In markets where we don’t have our own operation, we have developed exclusive partnerships with regionally strong businesses. Some of these alliances are over 40 years old. Our cooperation with SHSCM shows how we are embracing innovation to offer one-stop manufacturing, procurement and logistics solutions in the niche medical and healthcare equipment sector.”