Rhenus Logistics Asia-Pacific aims to double its intra-Asia volumes and revenues by end-2020, as it continues to strengthen its regional presence including through mergers and acquisitions.
Following the opening of its new office in New Zealand in August 2018 to extend the reach into the Oceania market, Rhenus Asia-Pacific says it plans to significantly accelerate its Intra-Asia growth and presence with a greater focus on customer needs and trends.
The logistics services provider also seeks to tap into emerging opportunities such as e-commerce and digital technologies. “Efforts to identify potential mergers and acquisition opportunities remain on-going,” it adds.[pullquote]The extension of our presence in the Southeast 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.” –Tobias Bartz, a member of the Rhenus Board[/pullquote]
“Rhenus has started an aggressive expansion plan in the face of a mature market in Southeast Asia,” says Joachim Hanssen, CEO of Southeast Asia, Rhenus Asia-Pacific. “We have seen steady growth in the last 12 months, and will continue to focus on meeting the demand for road and warehousing solutions in this region.”
Intra-Asia Trade continues to grow steadily as Asia and the Pacific saw its gross domestic product (GDP) rise from 30.1 per cent in 2000 to 42.6 per cent in 2017, and account for more than a third of global exports.
“With a presence in almost every part of the Asia Pacific, Rhenus has an extensive portfolio of services, products and solutions,” says Jan Harnisch, CEO of Far East Asia, Rhenus Asia-Pacific.
“Our intra-Asia trade volume has seen a steady year-on-year growth of 20-30 per cent 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 Southeast Asia and Greater China, among others,” Harnisch adds.
With offices in 15 countries and territories helmed by leaders with local market knowledge, Rhenus says it has seen the expansion open up the trade lanes within Asia to Oceania and Europe.
“In the Greater China market, for example, Rhenus Logistics has an ever-expanding presence and covers all major trade hubs with 16 offices and four warehouse sites,” adds Michael Sickinger, CEO of the Greater China region, Rhenus Asia-Pacific. “With a variety of transport modes and hub solutions available, we are poised and ready to further accelerate our business within Asia-Pacific.”
Tobias Bartz, a member of the Rhenus Board notes that Rhenus is on track on its long-term growth strategy to establish strong presence on all continents. “The extension of our presence in the Southeast 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,” he adds.
As new technologies reshape the logistics marketplace and customer expectations, Rhenus says it is staying ahead of the curve, from minimising manual work by automating processes, integrating with its vendors via electronic data exchange, and using ticketing systems to manage internal queries.