DP World acquires Hong Kong-based global supply chain provider
DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong.
Cargo Services is a market leader in origin services – moving goods from the factory floor to the customer’s door. It employs over 2,500 people in Greater China and across Asia, Europe, South Africa and the US.
With this significant milestone, DP World now has more than 115,000 employees, spread over 800 locations globally. By the end of the year, it will operate more than 200 freight forwarding offices, covering up to 95% of global trade flows.
Founded in 1989, Cargo Services was one of the earliest foreign logistics service providers to enter the China market. Over the decades, it has established an extensive portfolio of solutions such as origin purchase order management, ocean freight, air freight and warehousing for a diverse range of sectors. This includes sophisticated supply chain management services for retail and high-fashion customers in the US, UK, Europe, South Africa, Australia and New Zealand. It has also expanded its portfolio to provide specialised cruise logistics services globally.
Industries such as automotive, chemicals, healthcare, perishables, retail and technology require tailored logistics solutions. DP World is strategically focused on creating specialised offerings that address each sector’s specific challenges and opportunities. The goal is to provide comprehensive, sector-specific solutions that drive efficiency, innovation and growth, emphasised a release.
Source: Exim News Service: Dubai, Sept. 8