The leading global logistics firm will undertake end-to-end integrated supply chain management for Petronas, including freight forwarding services, logistics management plus off-site and on-site warehouse operations, the company said in a press release. No financial details were disclosed.
Kuehne + Nagel was appointed for its extensive global network and its full suite of logistics services, comprising air, sea, overland and Logistics Control Centres in four strategic hubs. The company’s industry-leading technology such as the One Global System which offers customers precise and real-time visibility also provided a competitive edge, as it aligns with Petronas’ digitization strategy.
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Kuehne + Nagel South Asia Pacific president Jens Drewes said: “We are delighted to enter into collaboration with Petronas, the custodian of Malaysia’s petroleum resources. Our appointment as Petronas’ one-stop logistics partner is a significant milestone for Kuehne + Nagel. It is a testament of our strategy to offer technology-driven value chains to our customers and further strengthens our industry-leading position.”
In addition, Kuehne + Nagel will also utilize Petronas fuel, lubricant and petrochemical products when performing overland activities in Malaysia.
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