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  • Kuehne + Nagel and HSBC Filling Void Left by Credit Suisse

    Kuehne + Nagel and HSBC Filling Void Left by Credit Suisse

    Next week, Credit Suisse shares will be delisted, bringing a 167-year history to an end. Two firms are lined up to fill the void.

    On June 12, Credit Suisse shares are to be delisted from the Swiss stock exchange. The following day its shares will drop out of the Swiss blue-chip SMI, to be replaced by freight forwarder Kuehne + Nagel, according to the stock exchange operator SIX.

    Semiconductor supplier Meyer Burger moves up in the SMIM index of mid-sized companies, while chocolate producer Lindt & Spruengli moves up in the Swiss Leader Index SLI.

    In Asia, HSBC is replacing Credit Suisse at one of the major financial events in In Hong Kong, where the Swiss bank held the annual Asia Investment Conference, of which the 26th and final one was held in March.

    HSBC is planning to hold a conference in Hong Kong from April 8 to 10 and expects more than 2,000 visitors. The event will be held at the Conrad Hotel, the same venue where Credit Suisse held its Asia conference for years.

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  • Volkswagen, Kuehne + Nagel expand logistics partnership in China

    Volkswagen, Kuehne + Nagel expand logistics partnership in China

    Volkswagen FAW Engine (Dalian) Co., Ltd (VWED), an automotive part manufacturer operating in a joint-venture with Volkswagen (China), has signed a two-year agreement with Kuehne + Nagel to manage the inbound logistics operations in the Dalian and Changchun plants from 149 automotive engine part suppliers nationwide.

    The new contract leverages a sophisticated IT solution to address VWED’s requirements for improved efficiency of operations. The solution includes the use of dynamic planning to ensure cost optimisation while managing multi-leg journeys, line hauls and reverse movement. To provide more accurate real-time tracking of truck movements, Kuehne + Nagel leveraged China’s WeChat technology: Drivers use a mobile phone to scan a custom QR code to indicate a change in shipment status, automatically triggering an update in the order management system. Utilising the WeChat platform avoids the need to install additional apps or set-up additional hardware, allowing sub-contracted truckers to also utilise the same system. This, combined with an overarching operational control tower approach, ensures full transparency of the entire operation.

    Zhiyu Wang, logistic manager, VWED said: “Kuehne + Nagel took a complex set of demands and transformed it into a seemingly simple logistics solution. Kuehne + Nagel’s solution has delivered cost savings, efficiency and achieved full supply chain visibility for VWED.”

    Pierre Li, senior vice-president contract logistics, Kuehne + Nagel North Asia said: “VWED is one of the largest international players in the automotive market in China and we are pleased to extend this partnership. This new contract showcases Kuehne + Nagel’s strength in the automotive parts industry in China bringing together the synergies of a tailored logistics solution supported by IT systems to provide full supply chain visibility.”

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  • Kuehne + Nagel to provide production logistics to Mercedes-Benz

    Kuehne + Nagel to provide production logistics to Mercedes-Benz

    Kuehne + Nagel announced a new multi-year contract with Mercedes-Benz Vans, LLC, part of the Daimler AG Group, to implement a production logistics solution for its new assembly line and production facility in Charleston, South Carolina. The solution will provide flexible and efficient materials management as well as just-in-time deliveries for the assembly process.

    Kuehne + Nagel’s contract logistics team engineered a multi-year innovative production logistics operations plan utilizing a modern logistics center that will include vision picking smart glasses and automated guided vehicles (AGVs). Comprehensive services will include goods receiving, inventory management and just-in-time picking and sequencing for delivery to the car makers’ assembly line and production facility.

    For the implementation, Kuehne + Nagel is utilizing its successful customer transition and integration model, which includes multiple disciplinary project management and dedicated resources from the logistics provider’s national, regional and corporate organizations. In order to ensure reduce inventory, increase quality, and reduce total costs for each unit built, Kuehne + Nagel will use its KN Production System (KNPS), an in-house developed structured methodology based on lean supply chain principles.

    “We are delighted to expand our 15-year global relationship with Daimler AG and Mercedes-Benz,” said Bob Mihok, president and CEO, Kuehne + Nagel North America. “Our supply chain services in the new Charleston, South Carolina Sprinter van plant will improve assembly line productivity and enhance vehicle production. We look forward to adding value to our customer’s supply chain for many years to come.”

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