U-Freight (UFL) has signed a logistics partnership with Shanghai Hongyu Supply Chain Management, capitalising on the latter's experience in China's medical and healthcare sector and UFL's presence in international freight forwarding and logistics.

It said in a statement that Shanghai Hongyu is experienced in China's supply chain management for medical and healthcare products, and the cooperation with UFL will see the two companies share resources to develop complementary domestic and foreign supply chain management networks, incorporating transportation, storage and associated logistics services.

 [Source: UFL]

Global one-stop medical supply chain

"The two companies will create a global one-stop medical supply chain service, providing clients with more choices in managing the supply chains of their medical and health care devices, as well as more integrated distribution and fulfilment operations worldwide," the announcement said.

The cooperation is also designed to provide effective third-party logistics support for foreign health and medical device businesses to enter the Chinese market.

UFL noted that this cooperation will accelerate Shanghai Hongyu's global development in this niche sector by leveraging the opportunities of the UFL Group's global network and 55 years of experience in international cross-border warehousing and logistics services.

"The cooperation between Shanghai Hongyu Supply Chain Management 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," said Jacky Cao, general manager of Shanghai Hongyu Supply Chain Management.

"I firmly believe that through the cross-border integration of the logistics and procurement activities of UFL and Shanghai Hongyu Supply Chain Management, we will create even greater values, set an example in this niche sector, and drive industry development," Cao added.

Simon Wong, UFL's CEO, said the company's history has always been based on leveraging the benefits of cooperating with like-minded logistics businesses rather than competing with them.

"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 Shanghai Hongyu Supply Chain Management shows how we are embracing innovation to offer one-stop manufacturing, procurement and logistics solutions in the niche medical and healthcare equipment sector," he said.

UFL noted that the alliance between the two companies would be "comprehensive", encompassing not only traditional trade but also e-commerce and others.