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Saudi Aramco & DHL Supply Chain launch JV company ‘ASMO’

Aramco, one of the world’s leading integrated energy and chemicals companies, and DHL Supply Chain (DHL), a global leader in contract logistics, have formed a joint venture company, ASMO (Advanced Supply Management Operations), a new Procurement and Logistics Services Hub in Saudi Arabia.

ASMO intends to meet the growing demand for more sustainable and efficient supply chain services in Saudi Arabia, reflecting the expanding market potential of the region as a global trade gateway for the energy, chemical, and industrial sectors.

Further, ASMO aims to drive efficiencies across the supply chain while delivering savings, with its approach generating value for customers as well as Saudi Arabia.

According to the statement. “Combining Aramco’s procurement expertise and DHL’s supply chain potentially allows ASMO to offer the lowest cost of procurement, enabling growth for the energy, chemical, and industrial sectors. It will connect suppliers and customers through its brokerage model, reducing the need for inventory holding and reducing costs.”

Salem Al Huraish, Chairman of ASMO, commented that, “We have formed ASMO, with the vision to establish sustainable solutions for the modern supply chain challenges we all face. In forming this strategically powerful alliance, which harnesses Aramco’s energy ecosystem and DHL’s logistics expertise, we are intent on creating value by driving efficiencies and enhancing the reliability of supplies, making them less vulnerable to disruptions, while focusing on sustainability and lowering carbon emissions.”

Delivering cost savings through optimized procurement, logistics, and inventory, ASMO also aims to enhance service levels in procurement and supply chain management, allowing customers to focus on core business activities by alleviating operational burdens, as per the statement.

 

 

 

 

 

 

 

Saudi Gazette