LG Electronics will put spurs to its global market development in cooperation with Pantos for a global logistics and SCM network. Pantos is a logistics service company for the LG Group with a global network that can reach 133 destinations in 102 regions of 36 nations. LG Electronics announced on July 4 that the company signed a logistics outsourcing contract for its overseas service centers with Pantos. That is part of LG Electronics’ plan to expand its global strategies by making use of the overseas logistics network of Pantos which aims to become one of top ten global logistics companies by 2020. Pantos is planning to offer fourth party logistics for service centers of LG Electronics in Europe including the Netherlands and further expand its service coverage into the Americas and the Middle East. In addition, Pantos will take care of warehouses of overseas service centers, external logistics process strategies and IT of LG Electronics as well as manage logistics and logistics information for overseas markets.