COSCO Shipping partners with Midea Group on a new supply chain ecosystem


COSCO expedition has partnered with China-based Midea Group to create a new digital supply chain ecosystem.

The two sides already have a good long-term relationship as they previously signed a strategic cooperation and transport agreement to improve supply chain processes in February 2021.

Following a separate agreement signed in January 2021, the two companies are now working together to build a new ecosystem of high-level supply chain cooperation within a strategic framework.

“Through cooperation with COSCO Shipping, we have come to realize that the relationship between foreign traders and shippers cannot be simply defined as a relationship between suppliers and customers. Instead, they are important ecosystem partners who can focus on long-term benefits and work together to build a stable global supply chain system, ”said Ms. Bin Li, President of Midea International. Logistics.

After the signing of the cooperation agreement, COSCO Shipping Lines immediately launched a fully customized service project for the Midea group to develop a global maritime logistics solution based on customer needs.

Currently, the two sides said they have achieved multidimensional collaboration in terms of workforce, solution, process and information, with the new digital supply chain operating ecosystem gradually taking shape.

During the 4e International Import Expo (CIIE) at the National Exhibition and Convention Center (NECC) in Shanghai, COSCO Shipping has signed a number of supply agreements with several of its suppliers from Japan and Singapore.

The exhibition saw China Marine Bunker Supply Company (CHIMBUSCO) sign bunker fuel supply agreements, COSCO Shipping Trading sign a petroleum asphalt supply agreement and Nantong COSCO KHI Ship Engineering Co. Ltd (NACKS) sign. supply agreements for ship’s equipment and ship’s plates with its suppliers. .