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.
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