Logistics players step up investments as e-commerce charges ahead despite supply-chain hiccups

THERE is no doubt that e-commerce boomed during the pandemic. But even as consumers resume their travel with a vengeance, industry players see no signs of a drop-off in online spending. In fact, strong growth is motivating some to raise their investment spending in the region.

US-listed supply-chain management company GXO Logistics, for one, is increasingly optimistic about its prospects.

“Our business is growing really fast, (and) we recently upgraded our growth guidance for this year from 8-12 per cent to 11-15 per cent,” said chief financial officer Baris Oran.