111 Somerset Road, #06-20
TripleOne Somerset
Singapore
As economies around the world are suffering from the impact of Covid-19, businesses are experiencing losses, workers are without jobs, and many face the challenge of a complete upheaval of lifestyle. However, pharmaceutical companies are taking center stage in the Covid-19 fight, and one of these is a Korean conglomerate, SK Group, is seeing growth on the stock market and a new burst of innovation in the infectious disease landscape as the race for treatment approval for a Covid-19 therapy takes off.
SK Group, the 2nd largest group in Korea after Samsung with an annual revenue of $213.6B in 2018, has two arms of pharmaceutical subsidiaries, SK Pharmteco, the pharmaceutical intermediate, and API manufacturer & SK Biopharmaceuticals, the new drug development.
With support from JAS APAC & JAS Worldwide, JAS Korea has become a contracted freight forwarding business partner for SK Biotek as of last December, then after months of implementation period, JAS has been handling various types of Pharmaceutical export shipments by Air & Ocean to additional International Pharmaceutical companies in Europe.
Due to the nature of the cargo, pharmaceutical products, they must be mostly carried by air freight, using special equipment such as dry ice gel/ ice pack, cool/ reefer truck, temperature-controlled storage, and even RKNs which require thorough knowledge and experience to handle such a commodity properly and in a timely manner.
The RKN e1 is a one pallet size container, based on a second-generation active temperature control system and utilizes compressor cooling and electric heating technology, to meet the requirements of the pharmaceutical industry for smaller air shipments.
The RKN e1 container maintains product temperatures in the +2 to +8 °C range, controlled room temperature (+15 to +25 °C) range, JAS Korea has successfully arranged 11 RKN e1 for its door to door delivery to a Spanish Pharmaceutical consignee with Dap term in March, when the Pandemic was in the peak.
SK Pharmteco’s subsidiary, AMPAC is one of the strategic partners to a U.S. public benefit drug manufacturing corporation, which recently received federal government funding of $354 million for advanced manufacturing of America’s most essential medicines at risk of shortage, including those for the COVID-19 response. With its strategic partners, it has initiated manufacturing chemical precursor ingredients, active pharmaceutical ingredients (APIs), and finished dosage forms for over a dozen essential medicines to treat hospitalized patients with COVID-19-related illnesses.
SK Biotek will supply pharmaceutical intermediates to AMPAC and has appointed JAS Korea as the logistics provider for this project. The 1st air shipment was exported to AMPAC in California, USA by suing 5 x RKN e 1 in close cooperation with JAS San Francisco on June 15th, all 5 x RKNs were successfully delivered to AMPAC on the next day. After the ingredient’s analysis main orders will be placed shortly and JAS will continue to handle this business. Next opportunity will be export business out of AMPAC to overseas with the finished products.
JAS Korea is continuing to expand their reputation as the perfect solution for the transportation of pharmaceutical products in the market with these continued efforts excellent team-work. We are sure JAS will be leading the market in a near future.
In the vibrant heart of Chicago, our freighter operation orchestrated a remarkable display of efficiency and precision. Our plane touched down on the tarmac at 12:19 PM, and by 12:29 PM, our aircraft was parked and ready, with our 53-foot trailer positioned alongside. This moment, captured against the backdrop of a radiant Chicago sky, symbolized our meticulous coordination and unwavering readiness.
Just 18 minutes later, our first truck began its journey to JAS ORD, marking the swift commencement of the cargo’s journey. In collaboration with our dedicated partners, our team worked with remarkable precision to ensure every kilogram was meticulously handled. By 1:59 PM, the flight was empty, and we had successfully offloaded an impressive 95,549 kilograms in just 1 hour and 30 minutes.
In the realm of freight forwarding, where both speed and safety are crucial, this feat exemplifies our commitment to excellence. Our efficient turnaround not only highlights our core values but also underscores our promise of rapid and secure cargo handling.
As we enjoyed the beautiful Chicago day, with our trailer and plane framed in a perfect snapshot of efficiency, it became clear: we don’t just move cargo; we redefine the standards of reliability and efficiency. Our streamlined operations significantly reduce tarmac time, especially for temperature-controlled shipments, ensuring optimal conditions every step of the way.
Here’s to achieving flawless results with every shipment—where success transcends promise and becomes a stunning reality.
October 2024 – Santiago, Chile – JAS Chile is proud to announce that it has been named a Great Place to Work for the second year in a row. This prestigious recognition highlights the company's commitment to fostering an inclusive, collaborative, and empowering work environment that prioritizes employee well-being and growth.
The Great Place to Work award is based on employee feedback, recognizing organizations that promote a strong company culture, trust, and engagement. JAS Chile’s continuous efforts to enhance its workplace culture have been instrumental in achieving this honor. The company places a high value on creating an environment where employees feel respected, heard, and motivated to contribute to the company’s success.
“We are incredibly proud to be recognized again as a Great Place to Work,” said Rodrigo Bustos, Managing Director of JAS Chile. “This achievement is a testament to our team’s dedication and our ongoing commitment to creating a workplace where every employee can thrive. We believe that when our people succeed, our business succeeds.”
JAS Chile continues to invest in initiatives that promote employee development, diversity, and inclusion, as well as programs focused on mental and physical health. The company strives to maintain a culture that supports work-life balance, innovation, and open communication, making it a rewarding place to work for all team members.
By receiving this award for the second consecutive year, JAS Chile reaffirms its status as a leading logistics company not only in terms of operational excellence but also as an employer of choice. The company remains committed to nurturing its talented workforce as it continues to grow and expand its global footprint.
With job actions suspended and ports resuming operations, efforts are now focused on clearing the significant backlog caused by the three-day strike. Full recovery is expected to take most of October, as dockworkers manage the accumulated vessels and cargo.
Carrier Actions: Force Majeure and Surcharges
In response to the disruption in the past days, major carriers like COSCO, ONE, CMA CGM, and Evergreen declared force majeure, which could lead to additional fees for shippers in the coming weeks. As the strike forced many carriers to divert containers to alternative ports, delays and added complications may persist.
With port operations now resuming, shippers should remain alert to detention and demurrage fees, as the previous suspension of these charges during the strike has ended, with trucks waiting outside the gates also those charges are to be expected. The ongoing congestion is expected to exacerbate these costs. Many carriers have also announced disruption surcharges, set to take effect by mid-October. However, shippers should not be surprised if these charges do not always materialize, as carriers often announce such fees without clarifying when they will be withdrawn. Shippers are encouraged to review their contracts and force majeure clauses to better understand potential additional costs.
Global Market Disruptions Ripple On
Although the strike is over, its effects are expected to ripple across global markets. In about two weeks, there may be a temporary reduction in export capacity from Europe, further driving up freight rates. This disruption could spread to other regions with a delayed impact. Global logistics networks will take time to fully stabilize, and rate volatility is likely to continue.
Air Freight Surge as Ocean Capacity Tightens
With ocean freight constrained, shippers are turning to air freight, causing rates to rise sharply. Time-sensitive shipments, in particular, are facing higher costs as air freight capacity is stretched. Businesses relying on fast deliveries should brace for continued increases in air freight costs.
JAS Worldwide: Supporting Your Supply Chain Needs
JAS Worldwide remains committed to helping businesses navigate these challenges. Our teams are actively monitoring the situation and are ready to provide customized solutions to minimize disruptions. Whether you need alternative air freight services, rerouting assistance, or expert advice, JAS Worldwide is here to support your supply chain. Contact your JAS representative today to create a strategic plan that ensures your operations remain resilient and efficient.
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