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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Australian dollar scales 15-month high on strong jobs data
Gold dips, stocks lift as Trump walks back Greenland threats
Ringgit opens firmer on OPR hold expectations
Bursa Malaysia tracks global rebound as Trump walks back tariffs threat
Trading ideas: Sunway, IJM, Binastra, Capital A, Elridge, Oxford Innotech, Steel Hawk, Carimin, SMRT, Reneuco, Suria, KIP REIT, Pantech
Wall Street jumps on Greenland framework deal
Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Maybank’s sustained returns growth ambition
Steel Hawk unit secures Sabah contract

Others Also Read