Geodis Wilson eyes bigger market share
International forwarding and logistics giant Geodis Wilson, which already has its roots firmly planted in Asia, is going for a bigger slice of the regionÃ¢â‚¬™s market, banking on an 18 to 20 per cent hike in revenues over the next two years as it makes a fresh thrust into the continent. Wong Joon San reports.
December 1, 2009
Ã¢â‚¬Å“Asia contributed 12 per cent to this figure and with us having launched our 4PL operations, we will create new business opportunities. We should see revenues jumping by between 18 and 20 per cent from this region alone by the year 2010,Ã¢â‚¬™Ã¢â‚¬™ he said.
For this year, he said the level should be very much the same as that of 2008 as Geodis Wilson, which is the freight handling arm of the group, further extends its cargo forwarding and logisticsnetwork.
Amsterdam-based Geodis, one of the worldÃ¢â‚¬™s leading cargo management enterprises, currently ranks among EuropeÃ¢â‚¬™s top five transport and logisticsgroups.
The group, which already has a strong presence in Asia, having been in the region for almost 20 years, sees China and India as offering the biggest growth potential over the next few years.
Ã¢â‚¬Å“We see the biggest growth opportunities in these two countries,Ã¢â‚¬™Ã¢â‚¬™ Demeulenaere said. Ã¢â‚¬Å“Our core business Ã¢â‚¬” the air and sea freight sector Ã¢â‚¬” willlink up with the logistics network to complement the entire operation.Mergers or acquisitions are also in thepipeline although it would be prematureto reveal further details at this stage.Ã¢â‚¬™Ã¢â‚¬™