DP World expands Asia Pacific trade network
DP World has inaugurated 51 new freight forwarding offices across Asia Pacific (APAC), to solidify its position as an end-to-end supply chain solutions provider to help businesses navigate the complexities of the world's fastest-growing logistics market. This brings the number of DP World’s active trading offices globally to 161.
The expanded network – focused on air and ocean freight -- is backed by DP World's unrivalled infrastructure from ports and terminals to warehouses, trucks, rail and vessels, allows businesses to streamline their supply chains.
Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: “Global trade is in the midst of an unprecedented era of flux in the face of growing geopolitical and economic uncertainty. We have an opportunity to help businesses navigate increasingly complex supply chains, as they seek enhanced market access and streamlined but resilient logistics from factory floor to customer door. With our expanded regional freight forwarding network backed by decades of experience in managing ports and terminals, our customers can count on us to support them in achieving their growth ambitions.”
In addition to managing the flow of trade through its ports and terminals, DP World is now in a stronger position, to offer a more comprehensive suite of logistics services, and instil greater flexibility in meeting the unique needs of customers across various sectors. In cities where the company already operates a port or terminal facility, this expanded presence allows customers to tap into the existing network, for a more seamless flow of goods.
The full range of logistics services, include order and origin management, port handling and freight management for ocean and air, as well as at-destination services such as customs clearance and bonded warehousing services. The company also offers a variety of value-added services including embedded trade finance, commodity-specific services, cars in containers, transload and advanced hubs and more.
These services can all be accessed through a single digital window that is backed by an integrated Global Services Centre that centralises back-end processes and is manned by over 500 IT specialists. This advanced digital system allows customers to track their goods in real time and easily manage their cargo journey.
Expanded footprint capitalises on strong growth prospects in APAC
APAC presents the single largest opportunity for businesses to capitalise on, and DP World is poised to help them achieve that ambition as an end-to-end supply chain solutions provider. The region is the largest and fastest-growing in the world for outsourced logistics, and is projected to account for 40% of global revenues for contract logistics services by 2027. This year, it is also the fastest-growing region in the world in terms of both exports and imports – at over 5% growth each.
Beyond widening its APAC freight forwarding network, DP World has also been strengthening its capabilities in other areas of logistics across the region over the last few months. These include:
- he US$50 million investment to develop DP World Busan Logistics Centre in Busan New Port, which will offer comprehensive value-added logistics services and process nearly 80,000 TEUs per year by 2028.
- The acquisition of Savan Logistics, operator of Savannakhet dry port located in Laos’ first special economic zone at the heart of the East-West Economic Corridor linking markets across Indochina.
- The introduction of a daily rail service connecting Sydney’s Port Botany to Yennora Intermodal Terminal, providing cargo owners in New South Wales with a viable alternative to trucking, while enhancing connectivity, reducing transit times and creating cost efficiencies.