Hong Kong s Honour Lane Shipping mulls $500 million sale ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Honour Lane Shipping Ltd., a Hong Kong-based freight forwarder, is weighing a sale of the business that could fetch about $500 million, people with knowledge of the matter said.
Jun-ho Cha is an M&A reporter of Market Insight of The Korea Economic Daily Leading private equity firms, including Bain Capital, KKR & Co. and MBK Par
Sea change: global freight sails out of the digital dark ages
If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via a digital freight system, allowing the retailer to reach out and fix the problem swiftly.
Before July 2020, Austria-based MediaShop’s deputy supply chain director says he would discover problems in his supply chain only when containers failed to arrive in Hamburg as scheduled.
“It was like being in a tunnel where you had only a limited view of what was going on,” Schneider said.
Lost containers means lost sales for MediaShop, which sells consumer goods ranging from kitchen knives to fitness equipment. A missing load can mean the company pays penalties to wholesale customers for late shipments.
Sea change: global freight sails out of the digital dark ages
By Nick Carey and Lisa Baertlein
Reuters
LONDON (Reuters) - If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via a digital freight system, allowing the retailer to reach out and fix the problem swiftly.
Before July 2020, Austria-based MediaShop s deputy supply chain director says he would discover problems in his supply chain only when containers failed to arrive in Hamburg as scheduled. It was like being in a tunnel where you had only a limited view of what was going on, Schneider said.