Logistics firms focus on staying agile, seizing opportunities
Companies are diversifying for growth by utilising strategies such as broadening services and in-market partnerships.
THE impact of Covid-19 has been far reaching and most, if not all, industries are facing the economic fallout of the outbreak.
Logistics firms, which are involved in the movement, storage, and flow of goods, have been directly affected by the pandemic as well. But in Singapore, several firms have managed to press ahead with transformation, remaining agile, and intensifying their efforts for business growth.
Government agency Enterprise Singapore (ESG), which supports the development of small- and medium-sized enterprises (SMEs), told The Business Times that it has see an increase in transport and logistics companies diversifying for growth utilising various strategies.
Copyright SPH Media. All rights reserved.
