By Yoon Sung-won
SK Holdings C&C said Tuesday it will establish a joint venture with Hon Hai's subsidiary JUSDA to launch a global logistics business based on artificial intelligence (AI) and robotics.
The two partners will establish the joint venture this month and provide logistics business process outsourcing (BPO) services targeting global markets, China in particular, tapping into SK Holdings C&C's April AI system and Chatbot platform.
"Based on SK Holdings C&C's Internet of Things, cloud, big data, mobile, AI and robotics, the new converged logistics platform will lead the innovation of consignors and all related parties," said Ryu Young-sang, head of SK Holdings C&C's business development department, in a statement. "We will foster the new joint venture as the leading business in the digital transformation of the global logistics industry."
JUSDA President Kathy Yang said, "The joint venture will greatly contribute to attracting new consignors around the globe including China."
SK Holdings C&C said its AI system April and Chatbot platform will be used to communicate with field workers to monitor inventories, forecast future cargo volume and optimize planning.
SK Holdings C&C has been in talks since last year with Taiwan's Hon Hai Precision Industry, which trades as Foxconn Technology Group. As a logistics business subsidiary to Hon Hai, JUSDA has 45 warehouses in Asia, North America and Europe and provides land, air and maritime transportation services in more than 400 countries.
The two companies said the new joint venture will first target China where Hon Hai has established a solid business foothold. They will also handle e-commerce and international logistics forwarding between Korea and China, as well as domestic transportation, customs formalities and warehouse process outsourcing between Shanghai, Hong Kong and Korea.
SK Holdings C&C said it will also expedite its converged logistics platform sales and licensing, tapping into Foxconn's business channels in China, Japan, Czech Republic and India as well as JUSDA's more than 200 partners.
Foxconn acquired Sharp's LCD business in March and has invested $5 billion to build a plant. In 2000, it entered Czech Republic to produce computer components and LCD monitors.
SK Holdings C&C said Tuesday it will establish a joint venture with Hon Hai's subsidiary JUSDA to launch a global logistics business based on artificial intelligence (AI) and robotics.
The two partners will establish the joint venture this month and provide logistics business process outsourcing (BPO) services targeting global markets, China in particular, tapping into SK Holdings C&C's April AI system and Chatbot platform.
"Based on SK Holdings C&C's Internet of Things, cloud, big data, mobile, AI and robotics, the new converged logistics platform will lead the innovation of consignors and all related parties," said Ryu Young-sang, head of SK Holdings C&C's business development department, in a statement. "We will foster the new joint venture as the leading business in the digital transformation of the global logistics industry."
JUSDA President Kathy Yang said, "The joint venture will greatly contribute to attracting new consignors around the globe including China."
SK Holdings C&C said its AI system April and Chatbot platform will be used to communicate with field workers to monitor inventories, forecast future cargo volume and optimize planning.
SK Holdings C&C has been in talks since last year with Taiwan's Hon Hai Precision Industry, which trades as Foxconn Technology Group. As a logistics business subsidiary to Hon Hai, JUSDA has 45 warehouses in Asia, North America and Europe and provides land, air and maritime transportation services in more than 400 countries.
The two companies said the new joint venture will first target China where Hon Hai has established a solid business foothold. They will also handle e-commerce and international logistics forwarding between Korea and China, as well as domestic transportation, customs formalities and warehouse process outsourcing between Shanghai, Hong Kong and Korea.
SK Holdings C&C said it will also expedite its converged logistics platform sales and licensing, tapping into Foxconn's business channels in China, Japan, Czech Republic and India as well as JUSDA's more than 200 partners.
Foxconn acquired Sharp's LCD business in March and has invested $5 billion to build a plant. In 2000, it entered Czech Republic to produce computer components and LCD monitors.
