Surge in demand for logistics, e-commerce

As Covid-19 forced people to stay at home, one of the main challenges for businesses wanting to take advantage of e-commerce is finding ways to fulfill orders more quickly. With supply chains disrupted, one way out for businesses was stocking goods ahead of time, says Tasco group chief executive officer, Andy Lee Wan Kai.

THE e-commerce boom in the wake of Covid-19 has spiked demand for express delivery and warehouse space, fuelling bottom lines of logistics companies and driving expansions.

A case in point is Tasco Bhd, which closed its financial year ended March 31,2021 (FY21) with record-high profitability that rose four times to RM41.27mil.