8 Sep, 2015
KUALA LUMPUR, Malaysia, Aug 26 (NNN-Bernama) — The integration of the Asean Economic Community (AEC) has spurred some 250 companies from over 10 countries to participate in the Asean Logistics & Transport Show 2015 (ALTS 2015), said Jonathan Kan, Chief Executive Officer of Fairs & Events Management Sdn Bhd (FEMSB).
In a statement Wednesday, Kan said, in addition to the positive prospects of greater trade, business and investment opportunities with the implementation of the AEC, the exhibitors were also excited by increasing demand and sustainable future growth of the industry.
ALTS 2015, organised by FEMSB for the third consecutive year and to be held at the MINES International Exhibition Centre at Seri Kembangan, Selangor, from Oct 1-3, has been endorsed by the Asia Logistics Council and several leading trade and industry bodies since its inception in 2013.
Among the participating countries at ALTS 2015 are China, Germany, Japan, Myanmar, South Korea, Singapore, Thailand, Taiwan, Vietnam, the United Kingdom, United States and Malaysia.
The Association of SMEs Singapore would be organising a national group, under the auspices of its International Marketing Activities Programme, to participate in ALTS 2015.
“The integration of the ASEAN region into single economic market and production base through the implementation of the AEC is expected to boost trade and economic activities for the 10 South-East Asian countries.
“Against such a backdrop, the Asean logistics and transport industry is also expected to reap tremendous benefits for its future development and growth. It is expected to expand rapidly and register growth of around five per cent in line with the region’s economic gross domestic product (GDP) growth.
“ALTS 2015 will be a boon for the region’s industry players to leverage, explore and capitalise on the untapped business and investment opportunities. In addition, with the rapid evolution of technology, there is a strong demand for better services by the logistics service providers,” said Kan.
He said the increasing demand for logistics service providers, transportation and integrated services, including demand for technological advancements for the supply chain management, could all be found at ALTS 2015.
“With the positive outlook for the regional logistics and transport industry over the next five years, we are confident our showcase can satisfactorily serve the needs of the industry,” he said.
The exhibits on display at ALTS 2015 include forklifts and material handling, racking systems and warehousing management systems from top global players, Internet of things, local ports, trucking, fleet management systems, courier and distribution services that contribute to the entire supply chain management of the multi-modal transport system in the country.
In addition to the exhibition, ALTS 2015 will feature a one-day trade seminar on logistics and warehousing, career and recruitment drive in the logistics and transport sector, ALTS Award 2015 and a talk by experts on the import and export procedures.
Malaysia’s logistics industry is estimated to grow by 12.2 per cent to RM180.9 billion this year and the positive outlook on foreign direct investment inflows is expected to further drive the transportation and logistics market.
In the meantime, the country’s distributive trade is expected to register a growth rate of 8.3 per cent yearly, contributing 15.1 per cent to GDP in 2015.
Industry experts see a need to modernise and transform the sector to be more efficient with higher quality services to customers.
The three-day showcase has the support of the Ministry of Transport, European Union-Malaysia Chamber of Commerce & Industry, Federation of Malaysia Freight Forwarders Association, SIRIM, Asia Logistics Council and several other leading trade and industry organisations.