China Merchants Group Chairman Sees Strong Potential in New Zealand Market

Dr Fu2

Dr. Fu and Dr. Yu visit the Foodstuffs DC during the New Zealand visit.

Dr Fu Yuning, Chairman of China Merchants Group (CMG) and Chairman of Loscam, a leading Asia Pacific provider of pallet and retail ready solutions, recently paid a visit to New Zealand, where he met with key executives in the retail and logistics industries.

CMG is China’s leading infrastructure and logistics provider with over US$50 billion in assets and oversees a number of investments in New Zealand in the logistics and specialty wholesale sectors, including Loscam, which was launched into the market in 2011. Loscam has experienced rapid growth, and has emerged as a preferred pallet provider to leading retailers and manufacturers in New Zealand. Now it is gearing up to enter the produce crate and bin rental market in that country.

As the fresh produce sector is growing in importance to retailers in Asia Pacific as a key source of competitive advantage, Dr Fu and his accompanying senior team, were interested to see the levels of innovation in the New Zealand fresh supply chain and how these may be relevant to the sector in China.

Food safety concerns, logistics costs and various cold chain challenges exist in the Chinese market and as Loscam business grows in this sector there maybe opportunities for transferring knowledge, systems and other experiences to the benefits of both countries.

“We are extremely grateful for Dr Fu’s visit to New Zealand. It is representative of the importance our owners place on the New Zealand market and comes at a time when the Loscam business is really transforming the competitive landscape of pallet and produce crate rental,” said Loscam New Zealand’s Country Manager, Nick Trask.

Loscam, operating in 10 countries throughout Asia Pacific,  is a leading provider of Returnable Package Handling (RPH) services for  supply chains. It focuses on delivering high quality, efficient and environmentally sustainable solutions.

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