Address weaknesses to move up value chain, logistics industry urged

Tio: PKT Logistics Group is focussing on nurturing future logistics experts through its education arm, Peninsula College.

THE Malaysian logistics industry must buck up and move up the value chain to stand a chance of becoming Asean’s next logistics hub, says PKT Logistics Group Sdn Bhd chief executive officer and managing director Datuk Seri Michael Tio.

Using Singapore as a benchmark, Tio pointed out that the island state’s logistics sector was contributing 6.19% to its gross domestic product (GDP), with each logistician bringing home an average revenue of RM485,000 per year.