Why PACE Logistics Sdn. Bhd. is formed in Malaysian.....

The Asean (Association of South-East Asia Nations) logistics market is expanding rapidly due to growth in consumer markets, liberalization of trade, and low-cost offerings of the region, according to a new study conducted by consulting firm Frost & Sullivan.
The study estimates that the Asean 3PL market will generate revenues of $14.8 billion this year and reaching $27.9 billion in 2012.
“The lifting of trade barriers in the region will help 3PL service providers offer more comprehensive and integrated services as well as encourage multinational companies to increase investment in the region,” said Frost & Sullivan research analyst Aarthi Nandakumar, in a statement.
The efficiency of services provided by 3PL providers is dependent on the infrastructure such as roads, communications, ports, and airports—challenges facing this region.
The current levels of development of infrastructure differ in Asean as some countries have inadequate port and shipping facilities and land infrastructure, while poor rural roads in others lead to an increase in transport time and high-related costs. Communications components need improvement, as well, for the 3PL industry to flourish in Asean, the report said.

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Contact :         ymn@pacelogistics.com.my