DHL forecasts high growth in earnings from China
DHL Worldwide Express launches its China First campaign in Singapore. China First will raise awareness of DHL’s capabilities in and out of China, enabling it to capitalize on the growth of China’s economy at a time when the rest of the global economy is slowing. (4/8/2002)
China’s trade volume in 2001 was the seventh highest in the world and it is expected to grow.
Charles Chan, General Manager of DHL International (Singapore) Pte Ltd said: “The China First campaign addresses the demands of our customers as their interests increase into and out of China. With China First, customers can now easily import goods from China into Singapore and over 200 countries worldwide using the DHL Import Express account.”
China First offers customers a one currency, one invoice and one company control solution. One currency because all rates are inclusive of pick-up, customs clearance and delivery and are paid in customers’ local currency. One invoice because all monthly shipments are itemised under one account. And one company control because DHL is the single point of contact, and DHL’s advanced track and trace systems allow customers to monitor shipments 24 hours a day, seven days a week.
“The China First campaign is designed to ensure we maximise the huge potential of the China market,” said Charles Chan, General Manager of DHL International (Singapore) Pte Ltd. “DHL was at the forefront of the industry in establishing EDI (Electronic Data Interchange) linkage with customs authorities for fast, accurate clearance and to introduce an imaging system. Our pioneering efforts have continued since 1980 when we were the first international air express company to enter China.”
Following China’s full World Trade Organisation (WTO) membership in December 2001, trade has been liberalized and trade tariffs lowered. This will provide a further boost to market leader DHL. Together with its joint venture partner, Sinotrans, DHL covers over 300 cities in China, employs more than 2,200 people and operates over 500 vehicles. DHL also has over 130 branded facilities (including joint venture offices, express centers and other offices) across the country and is investing heavily in EDI and mechanical sort systems to improve gateways’ efficiency.
With three new gateways in Beijing, Shanghai and Shenzhen, DHL will connect 1,000 towns and cities in the country through 43 stations providing a full range of parcel and document express services by the end of the year.
DHL is licensed to operate ‘in-house’ customs brokerage in all its China gateways, allowing it to process shipments quickly and efficiently. And working with only one partner, Sinotrans, DHL ensures customers receive a consistent quality service across the China network.
“We have the largest market share in China supported by the largest network, service area and reach,” Charles Chan continued. “This puts us in an excellent position to leverage on this expanding opportunity. We are confident that China will contribute significantly to our earnings as the market opens up its doors to the world.”
Eye for Transport
