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Thailand Industry – DHL Eyes Big Growth Gains in Five years

By on Feb 09, 2015 in Industrial

66F8839A-31A9-42F0-ADFE-4DB3267F7C6DDHL Supply Chain (Thailand), a subsidiary of the German logistics giant, says it expects the company’s growth to double over the next five years. This will be due to a constant rise in demand for goods distribution services, its integrated services and the growing economy. “We expect logistics demand from our traditional clients to rise, while new customers are likely to require more effective logistics services with the Thai economy growing,” said Kevin Burrell, chief executive of DHL Supply Chain for Thailand, Philippines, and Vietnam.

Mr Burrell estimates the Thai logistics industry is worth 300 billion baht annually with growth of around 6% a year. DHL is aiming for double-digit growth every year. DHL Supply Chain provides services to retail customers, distributes consumer goods and provides logistics for automotive and auto parts companies.

The company gained around 45% of revenue from the retailing business, 25% from distributing consumer goods and 15% from the automotive logistics business. The market is expected to grow after the Asean Economic Community this year. Mr Burrell said Thailand is located in a perfect geographical spot to be an Asean logistics hub.

Yesterday, DHL Supply Chain opened its new logistics centre in Bang Na district of Bangkok, costing €20 million (739 million baht). It plans to invest another €50 million over three years to expand the business, including a new warehouse in Ayutthaya province this year.

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