Saudi oil giant Aramco and DHL’s JV Advanced Supply Management Operations (Asmo) has launched operations at its new warehouse in Riyadh, according to a statement. The warehouse is the first in a wide range of logistics networks across six facilities in the Kingdom.

Asmo + Aramco have also inked a 15-year procurement and logistics hub services agreement, the statement notes. Under the agreement, Asmo will provide integrated end-to-end supply chain services, including procurement, demand projections, inventory management, logistics services, warehousing, and the development of logistics hubs.

About Asmo: Aramco and DHL formed Asmo in February last year. The partnership leverages Aramco’s procurement expertise and DHL’s network to boost supply chain efficiencies and lower procurement costs by integrating robotics, AI, and blockchain technology into supply chain management.

Asmo’s been busy: France-based Vallourec signed an MoU with Asmo in October to provide a wide range of end-to-end supply chain services. The services include sourcing, procurement, inventory management, logistics, and warehousing.

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