Indonesia News
Infrastructural Advancement: The Government has pledged to reduce the dwelling time at major ports such as the Jakarta International Container Terminal Port in Tanjung Priok, Jakarta and Tanjung Perak Port in East Java with establishment of an Indonesia National Single Window (INSW) system and logistic bounded areas to reduce tariffs. Under Maritime Highway Program, government has established Kuala Tanjung and Bitung ports as international hubs and begun to run scheduled ocean freighters on six routes connecting major cities to remote areas.
Increasing scope of Retail and E-Commerce logistics: Indonesia Government opened the retail and wholesale sectors to 100% foreign ownership in 2016 along with 34 more sectors but with a higher Income tax Rate. Due to COVID, People prefer online purchases more than Physical visit to the stores making E commerce and online retailing quite popular in Indonesia. For some sellers, the sales have been more than doubled especially for health and personal hygiene products.
Advancement in Technology: Technologies such as GPS tracking, RFID Tags and control towers are being quite popular in Indonesia and are used by companies with additional costs as per the Client requirements. Other upcoming technologies include real time fuel management system, Platooning, ASRS, warehousing management system, cargo management systems and communication and information systems such as EDI which can be used to reduce paperwork and minimize time taken for compliance procedures.
Analysts at Ken Research in their latest publication “Competition Landscape of Top Logistics Players in Indonesia in Transportation, Warehousing, Cold Chain, 3PL, Express, E-Commerce, Automotive, Pharma and Retail Logistics” believe that the Logistics Market in Indonesia is expected to grow due to rising Competition and Automation in the Market, Introduction of new Airports and Economic Cities for logistics Operations in Indonesia.
Key Target Audience:-
Time Period Captured in the Report:-
Companies Mentioned:-
Key Topics Covered in the Report:-
For More Information on the research report, refer to below link:-
Related Reports:-
Philippines Logistics Market has witnessed an average CAGR during 2014-19 due to favorable laws from CTAP, Investments in Bridges to promote Inter-island transportation through RORO, and development of ports both by the government and with Public-Private Partnerships. The Current logistics cost comprise 27.16 % of sales in the Philippines which is very high in comparison to other SEA countries. The influx of foreign players, increasing consolidation, Green freight policies by the Government, and investing in innovative technologies has stimulated the growth in the market.
UAE logistics and warehousing market is on strong and sustainable growth trajectory. The economy has faced volatility in 2013-2019 owning to increasing foreign direct investments, increase investments in infrastructures, negative repercussions of global economic slowdown, 100% ownership in certain sectors and fall in oil prices. Foreign Direct investments in 2016-2018 is estimated to be USD 139 Billion leading to total foreign direct investments of USD 139 Billion in UAE. Government of UAE has consistently taken initiatives to reduce dependence on oil exports due to falling prices. Various government initiatives such as EXPO 2020, Dubai Vision 2020 , Abu Dhabi Vision 2030 and flexible rules and regulations have been taken up to promote economic diversification of the economy.
The market showcased a volatile growth trajectory. Dry logistics revenue declined at a CAGR of single digit CAGR during 2015-2019 due to oil price shock further leading to an economic slowdown during 2016-2017 period. Saudi Arabia is located at the crossroads of significant international trade route that connects Asia, Europe and Africa. This strategic location provides the Kingdom with a unique advantage over other nations thus, enabling it to become a leading regional logistics hub. In April of 2016, Saudi Arabia announced its Vision 2030 which includes transforming the Kingdom into a preferred logistics hub. It is making continuous efforts to make imports and exports processes more streamlined. Additionally, government is restructuring the regulations and structures logistics sector government and opening the way for market liberalization and private sector participation. Expansion of industrial cities continues to offer opportunities for foreign investors towards developing the non-oil manufacturing base, warehousing & logistics segments. For instance, Pfizer opened a manufacturing facility in the King Abdullah Economic City in the year 2017. Non-oil manufacturing growth is facilitated by launch of National Industrial Development and Logistics Program (NIDLP) in Jan 2019 by KSA government. Various companies are investing in Special bulk trucks and heavy lift movements to diversify their Revenue streams and Operations. For instance, Bahri launched new dry-bulk carrier ‘Sara’ & increased their total fleet of dry-bulk carriers to 6 ships in KSA.
The Chinese Logistics Market was observed to be in growth stage during the period of 2015-2020 owing to the expanding manufacturing & retail sector, increasing disposable income, growing number of investments and increasing value of exports and imports in the country. The China Logistics Industry has grown at a CAGR of 5.4% on the basis of revenue. The market is booming owing to increasing infrastructure investment, rising digital innovations and growing logistic demand in China. The freight forwarding sector is the leading segment towards the revenues of the logistics industry, followed by courier & parcel activities and warehousing. Value Added services also contribute a significant proportion to the overall logistics market in China.
More Logistics And Shipping Reports: – https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/SC-100-45.html
Follow Us:-