Summa Group, a diversified private holding with significant investments in port logistics, engineering, construction, telecommunications and the oil and gas sectors, has signed a Memorandum of Understanding (MoU) with GS1 Russia to advance global supply chain standards adoption in Russia to improve traceability and enhance supply chain visibility, transparency and interoperability. As part of the agreement, both organizations will explore how GS1 standards including Radio Frequency Identification (RFID) can be applied in transportation and logistics.
An initiative to develop and introduce a global RFID standard in Asia-Pacific Economic Cooperation (APEC) economies’ supply chain was proposed by Russia and supported by the APEC Business Advisory Council. These plans would allow organizations to cut the cargo handling time in supply chains and will significantly increase the speed of cargo customs clearance. The MOU between Summa Group and GS1 Russia clearly supports this effort.
“Russia is currently not part of the global transportation flows and it cannot develop without further integration in them. The only way out is to adopt global interoperable standards that are beneficial to everyone. Harmonized customs procedures, automated cargo identification, single window system at the customs are the rules that suit everyone and that will allow us play at the leaders’ playing field,” Chair of the APEC Business Advisory Council, Chairman of the Board of Directors of Summa Group, Ziyavudin Magomedov, said.
“Magomedov has done a great job in promoting the adoption of global supply chain standards across APEC economies and we are very confident that adoption will dramatically raise Russia’s transportation system efficiency and cut transportation costs and increase competitiveness of Russia,” John Keogh, Director, GS1 Global Office, said.
“Summa Group is the first Russian conglomerate that has identified the urgent need to adopt GS1 global standards in transportation and logistics. This leadership is certain to put Summa Group in a national and global leadership position, GS1 Russia is delighted with the initiative and collaboration,” Georgy Nasonov, CEO GS1 Russia, added.
“As Summa Group, is diversified with significant investments in port logistics, engineering, construction, telecommunications and the oil and gas sectors, by signing this Memorandum of Understanding (MOU) with GS1 Russia to advance global supply chain standards adoption in Russia they are achieving a major milestone improvement in traceability and enhance supply chain visibility, transparency and interoperability,” Raed Al-Samahiji President and CEO of GS1 Bahrain, said.