Yusen Logistics and Mazda have begun a joint venture intended to increase the efficiency of Mazda’s global supply chain as the automotive industry in Asia continues to grow.
The new venture is called Mazda Logistics and Yusen (Asia) Co., Ltd. and will operate out of a 73,100 square-foot warehouse in Bangkok’s Bangna district. The facility began operations for the Thai auto industry’s domestic needs in 2013, but recently began full-scale export operations.
Thailand’s auto exports to the world have grown 9.2 percent between 2012 and 2014, from 93,558 twenty-foot-equivalent units to 101,673 TEUs, according to World Trade Service, a sister product of JOC.com within IHS Maritime & Trade.
When it comes to the Asian automotive sector, Thailand’s growth is not unique. Japan-based Yusen recently introduced an LCL service designed explicitly for automotive shippers aiming to move automotive inputs from China to manufacturing lines in Japan. China’s exports of auto parts to Japan have jumped 105 percent from 94,000 TEUs in 2012 to 193,000 in 2014.
Other countries in the region that have recorded high growth of automotive exports to the world include Vietnam and South Korea. Their automotive exports to the world have risen 15 percent and 10 percent respectively.