Competition seen as bigger threat to logistics sector

Competitive sector: A Century Logistics warehouse. According to a logistics sector report, the all-time high parcel delivery licence holders that coincide with a recent influx of capital expenditure from existing public-listed companies are likely to burden the industry over the near term.

PETALING JAYA: While the trickle down effect of the imminent digital tax could impact parcel delivery operators, it is the fierce competition in this space that is most disconcerting, said Affin Hwang Capital.

According to a logistics sector report, the all-time high parcel delivery licence holders that coincide with a recent influx of capital expenditure from existing public listed companies are likely to burden the industry over the near term.