Four named Malaysia's best logistics service providers
Four foreign-owned companies with operations in Malaysia have been named Malaysia’s best logistics service providers in the areas of automotive, pharmaceutical, retail, fast-moving consumer goods and information technology (IT)/electronics by consulting firm Frost &Sullivan. Frost &Sullivan named Germany-based Schenker as Malaysia’s Best Automotive Logistics Service Provider in its annual 2006 Asean 4 Logistics Awards. Swiss logistics group Kuehne &Nagel AG was voted Best Pharmaceutical Logistics Service Provider, while Germany’s DHL took both the Best Retail Logistics Service Provider and the Best Fast Moving Consumer Goods Logistics Service Provider awards. The Best IT/Electronics Logistics Service Provider award was won by Japan’s Nippon Express Co Ltd. Frost &Sullivan recently honored top logistics firms in five major sectors from Indonesia, Malaysia, Singapore and Thailand at its Asean 4 Logistics Awards based on a Voice of the Customer research.
Mukhtyar estimates that the outsourced logistics market in Asean is expected to grow 9.9 per cent to 14.8 billion USD (RM54.5 billion) this year from 13.5 billion USD (RM49.7 billion) in 2005.
In Malaysia, the outsourced logistics market is expected to grow 8.3 per cent to reach a revenue figure of 3.25 billion USD (RM12 billion) this year, from 3 billion USD (RM11 billion) last year.
