KUALA LUMPUR: The logistics sector in Malaysia needs to urgently move forward against the backdrop of greater competitive landscapes as Thailand and Vietnam have recently overtaken the country in key industry rankings. “This is a cause for concern for us actually and the criteria can be addressed even without the one-stop centre. I would think that something needs to be done to improve the LPI rankings,” Jamal said. Also, Malaysian logistics players must not forget to move up the value chain as third-party logistics (3PL) is low value to the international players. He said the reason why Singapore was able to possess such high rankings is because it focused on higher value-added logistics business.

Source: The Star October 05, 2021 23:03 UTC