Logistics firm A.P. Moller – Maersk (Maersk) has signed a memorandum of understanding (MOU) with South Korean Kumho Tire. The partnership seeks to combine Maersk’s expertise in global transport and logistics with Kumho Tire’s strong foothold in the automotive sector.
This collaboration is poised to revolutionise Kumho Tire’s supply chain management, leveraging Maersk’s fourth-party logistics (4PL) visibility solution for a five-year period, along with domestic intermodal services for three years. Maersk is expected to manage more than 40,000 FFE (40-ft equivalent) volumes/year starting from 2024.
Kumho Tire has used Maersk Ocean service for years, while Maersk adds it is committed to providing integrated solutions for customers, the collaboration has now extended to the logistics domain.
“Kumho Tire is pleased to cooperate with Maersk as a logistics partner. Through this agreement, we will continue to strive to provide services that can increase customers’ convenience and satisfaction based on a stable and efficient logistics system,” said Wan-Ju Lim