Menlo Logistics keen to build on 2014 growth in South Asia
Menlo Logistics, the $1.5 billion global logistics and supply chain management subsidiary of Con-way, continues to experience significant growth in the South Asia region in 2014 and is targeting increasing its presence in Thailand and Malaysia.
Robert Bassett, Menlo’s Vice President of Marketing and Sales, said: “2014 has been an excellent year for Menlo in South Asia, where in the third quarter we experienced over 10 percent year-over-year growth.
“We’ve added 27 new projects so far this year and expanded our client base significantly, positioning us for a good start in 2015.”
The growth trend was supported by major investments in new state-of-the-art facilities; one in Singapore’s Benoi Sector as well as one in Shah Alam, Kuala Lumpur, Malaysia. Plus another multi-client warehouse that opened in Lakrabang, Thailand.
Collectively, the three new sites added 69,000 square metres of warehouse space across the region, bringing the total warehouse count for Menlo in South Asia to 35, and the total space under Menlo management to 392,000 square metres.
Singapore’s Emergence as Logistics Leader Remains the Foundation
Desmond Chan, Menlo’s South Asia Managing Director, said: “Singapore’s emergence as a regional logistics hub continues to provide the foundation for Menlo’s growth in South Asia. Singapore has established itself as a strong regional hub as it is a time-tested and reliable centre of gravity for regional commerce.”
Chan added that the continued development of Singapore’s world-class port facilities and the shift of the existing port terminals to Tuas have the potential to generate even greater efficiencies for freight transiting Singapore and the region.
He said: “Several macro-economic trends also are benefiting the region. A growing population, increased affluence leading to a rise in consumption, an improving infrastructure and the development of new manufacturing capacity have also impacted the logistics marketplace positively.
“Generally, all countries in ASEAN and India show promising signs of growth. We currently have operations in five countries; Singapore, Thailand, Malaysia, India and Australia. We also focus on specialised services for key industries, which presently include automotive, high-tech, aerospace, consumer and industrial, and wine and spirits.”
In 2015 Menlo will be expanding these capabilities into logistics solutions for health care and oil and gas development, as well as additional support for automotive and industrial customers in India and Thailand.”
Menlo has a well-defined plan for moving forward in South Asia, including expanding into new vertical industries, refining its capabilities for current industries, and deploying its Lean efficiency and continuous improvement programs more deeply into the solutions it devises for customers.
California-based Menlo Logistics’ services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services including packaging, kitting, order fulfillment and light assembly through a strategic network of multi-client and dedicated facilities.
For more information, please visit: http://www.menlologistics.com/en/news/press-releases/menlo-logistics-keen-to-build-on-2014-growth-in-south-asia
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany