Rise in eCommerce expected to boost growth in logistics sector

Kenanga Research said the booming eCommerce will spur demand for distribution hubs and warehouses. — Bloomberg

PETALING JAYA: The logistics sector is expected to perform better riding on the eCommerce boom.

“We see a bright spot in the domestically-driven third-party logistics (3PL) sector, which is less vulnerable to external headwinds being buoyed by the booming eCommerce,” Kenanga Research said in a report.