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2024 Growth Opportunities in Indonesia Supply Chain and Logistics Revealed As the global economy grapples with post-COVID-19 challenges and geopolitical conflicts, the logistics and supply chain sector plays a pivotal role in Indonesia’s economic trajectory.
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Jakarta, January 16, 2024, Frost & Sullivan, in collaboration with Asosiasi Logistik Indonesia, conducted the Growth Council Think Tank entitled “Growth Opportunities in 2024”.
[Image: https://prtimes.jp/i/49706/9/resize/d49706-9-f14ecf67050bd25c6ec1-0.jpg&s3=49706-9-1d86a096dfb06c41174b6a68dd346c2d-1080×675.jpg] The think tank provided important glimpses and valuable insights into the future challenges and opportunities shaping Indonesia’s logistics and supply chain sector. As the global economy grapples with post-COVID-19 challenges and geopolitical conflicts, the logistics and supply chain sector plays a pivotal role in Indonesia’s economic trajectory. While developed countries face declining growth rates, emerging economies such as Indonesia are showing resilience. Ko Eng Lok, Country Head of Frost & Sullivan and Geoff Tan, Director, and Ir., Head of Asosiasi Logistik Indonesia, with a particular focus on the integration of artificial intelligence (AI) in supply chain and logistics solutions. This presented new opportunities for efficiency and innovation.
“Indonesia has experienced solid economic growth over the past decade and has made significant progress in reducing logistics costs, strengthening the digital economy, and promoting sustainable energy and infrastructure development.
“In 2024, Indonesia’s logistics and supply chain sector is poised for growth, driven by a strong domestic market and ongoing global supply chain transformation,” explains Jeff Tan. “As the economy is expected to stabilize, there are significant business opportunities in areas such as digitalisation, renewable energy and infrastructure
development, reflecting the country’s growing economic efficiency and resilience.” Ta.
“The promising logistics market size is attributed to the fact that supply chain and logistics costs account for 14.29% of Indonesia’s gross domestic product. This huge market size quickly makes it a “world-class local player.” should be given to a local third-party logistics company,” said Mahendra Rianto.
Indonesia’s focus on cost reduction and advances in the digital economy have significantly contributed to improving the logistics sector, opening up the following possibilities:
About Frost & Sullivan
As a growth pipeline company, Frost & Sullivan enables our clients to accelerate growth and achieve best-in-class positions for growth, innovation and leadership. Frost & Sullivan’s Growth Pipeline as a Service provides CEOs and their growth teams with transformation strategies and best practice models to drive the creation, evaluation, and implementation of powerful growth initiatives. Masu. Frost & Sullivan leverages more than 60 years of experience in partnering with Global 1000 companies, startups, and the investment community from more than 40 offices on six continents.
About Asosiasi Logistik Indonesia
Asosiasi Logistik Indonesia (ALI) was established in the last quarter of 2002. ALI is a non-profit organization for supply chain and logistics in Indonesia. As an organization, ALI has a vision and mission to provide an enabling environment for Indonesia’s logistics industry to grow and contribute to the development of excellent talent in the field of supply chain & logistics management in the country.
This article has been partially generated with the assistance of AI.