Rhenus Asia-Pacific aims to double Intra-Asia volumes
The logistics service provider is embarking on customer-focused approach to build upon touch points globally, including its 15 countries and regions in Asia Pacific.
Jan Harnisch, CEO of Far East Asia, Rhenus Asia-Pacific comments: “Our intra-Asia trade volume has seen a steady year-on-year growth of 20-30% for the past three years and we aim to double up the revenue by 2020. We continue to deliver strong Air and Ocean products, while warehousing, cross-border trucking and rail transportation remain increasingly important in the region. We are also looking to grow the E-commerce business for South-east Asia and Greater China, among others.”
With offices in 15 countries and regions helmed by leaders with local market knowledge, Rhenus has seen the expansion open up the trade lanes within Asia to Oceania and Europe.
Tobias Bartz, a Member of the Rhenus Board, said: “Rhenus is on track for its long-term growth strategy to establish strong presence on all continents. The extension of our presence in the South East Asian markets is key, where we leverage the possibilities in cross border trucking. We are seeing strong growth in air freight, especially the trade lanes between Hong Kong – Bangkok, Taipei – Bangkok, Hong Kong – Delhi, Singapore – Bangkok, Shanghai – Bangkok.”
Intra-Asia Trade continues to grow steadily as Asia and the Pacific saw its gross domestic product (GDP) rise from 30.1% in 2000 to 42.6% in 2017, and account for more than a third of global exports. Average container utilization globally is expected to increase significantly from 68% in 2017 to around 80% by 2022, with average regional utilisation levels projected to increase most sharply in Greater China, North Asia, Southeast Asia and West Coast South America.