Best Buy extends partnership with Kuehne + Nagel to China
| Kuehne + Nagel in China Best Buy extends partnership with Kuehne + Nagel to China |
| Shanghai/China, January 15, 2008 — Best Buy Co. Inc. has recently awarded Kuehne + Nagel China a contract for the provision of warehouse management and domestic distribution services. The new agreement marks an extension of the business partnership between the two companies in place in Canada since 2005. |
In line with its market entry strategy and first store opening in Shanghai, Best Buy, a leading retailer of consumer electronics, home-office products and related services, has leased a 6,000 sqm facility in Minhang district in the southwest part of Shanghai. To enable maximum flexibility, efficiency and scalability of operations, Kuehne + Nagel assumed a steering role in the overall design of the distribution centre by taking into consideration the expected product mix, material flow and storage areas, as well as the installation of modern security measures and Kuehne + Nagel’s globally standardised warehouse management system. “The project enables fast deliveries and a streamlined hand-over process for efficient and reliable shelf replenishment at our new store in Shanghai. We chose Kuehne + Nagel for the company’s track record and far-reaching China network. The new concept put up by Kuehne + Nagel has delivered significant improvements to our supply chain performance, and we are confident that Kuehne + Nagel’s operations will support our continuous expansion in the mainland market,” said Patrick Xu, Supply Chain Director of Best Buy Shanghai Ltd. “We share the same philosophy with Best Buy – a commitment to operational excellence and innovation. It is our objective to match our customers’ requirements in optimising their supply chain and to support them in meeting day-to-day logistics challenges,” commented Andy Weber, Managing Director of the Kuehne + Nagel Asia Pacific organisation. |
About Kuehne + Nagel With more than 48,000 employees at 830 locations in over 100 countries, the Kuehne + Nagel Group is one of the world’s leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based supply chain management services. In China, Kuehne + Nagel operates at 36 locations with around 2,700 employees. For further information, please visit www.kuehne-nagel.com. |
| Inquiries: Kuehne + Nagel (Asia Pacific) Management Ltd. 25/F., Mass Mututal Tower  38 Gloucester Road Wanchai, Hong Kong Mrs. Corinna Lam |