DHL Global Forwarding to Keep Hiking Investment in China, Asia-Pacific CEO Says
Xu Wei
DATE:  Jun 06 2024
/ SOURCE:  Yicai
DHL Global Forwarding to Keep Hiking Investment in China, Asia-Pacific CEO Says DHL Global Forwarding to Keep Hiking Investment in China, Asia-Pacific CEO Says

(Yicai) June 6 -- DHL Global Forwarding will continue increasing its investment in the Chinese market, according to the chief executive officer for Asia-Pacific of the air and ocean freight forwarding service provider under German courier giant DHL Group.

Even though DHL Global Forwarding has already expanded to most cities and regions in China, the company recognizes the Chinese market’s great growth potential, Niki Frank said, The Paper reported today.

China is the market with the largest business volume in the Asia-Pacific region for DHL Global Forwarding, Frank pointed out.

DHL Global Forwarding’s investment in China will mainly focus on human resources and information technology systems to make the company stand out from its competitors, Frank noted. DHL Global Forwarding is constantly expanding its talent teams by hiring experienced employees in the fields of new energy vehicles, renewable energies, and semiconductors, he added.

On May 22, DHL opened its largest Electric Vehicle Center of Excellence in Shanghai to provide seamless and integrated handling, storage, and transportation services for EV products, including batteries, electric motors, and charging infrastructures. The center is also the first of its kind in China.

The popularity of China-made NEVs is expected to continue growing in the future, and that is why DHL Global Forwarding plans to continue investing in this field, Frank said, noting that the company is cooperating with most leading Chinese manufacturers, including those of vehicles and batteries.

DHL Global Forwarding will assess the necessity of building a warehouse or office to get closer to customers in China and better satisfy their demand, according to Frank.

DHL Global Forwarding transported more than 500,000 tons of cargo by air and 600,000 tons of cargo by sea in the Chinese market last year, per data disclosed by Frank. The company had over 2,000 employees at 50 branches and offices in China as of the end of last year.

Editor: Futura Costaglione

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Keywords:   DHL,Investment