Southeast Asia is having a surge in its logistical need and DHL Global Forwarding, the leading international freight specialist division of Deutsche Post DHL Group, foresees a strong and sustained growth in cross-border road transportation in Southeast Asia where the e-commerce sector is expected to grow 5.5% in 2021. The predicted upswing is also driven by the renewed growth in many of Southeast Asia’s leading economies, as manufacturing rebounds and companies regionalize and diversify their supply chains. These trends are outlined in the whitepaper, “Southeast Asia Freight: The Road to Growth”, released today.
“With the easing of trade restrictions and implementation of new regulatory initiatives in the region such as the ASEAN Customs Transit System and Regional Comprehensive Economic Partnership, trade cooperation will continue to strengthen and bolster intra-Asia trade. This augurs well for ASEAN countries as they gear up to bounce back strongly from the Covid-19 pandemic,” said Kelvin Leung, CEO, and DHL Global Forwarding Asia Pacific.
One of the most significant developments is the ASEAN Customs Transit System (ACTS) introduced in 2020, which allows operators to move goods seamlessly across multiple ASEAN borders with a single guarantee that covers duties and taxes for the entire journey.
Road freight: an attractive and sustainable logistics solution on the rise
With East Asian economies expected to…
