Mumbai, Maharashtra, India
Frost & Sullivan will honor top logistics firms from Indonesia, Malaysia, Singapore and Thailand with a total of 21 awards at its 2006 ASEAN 4 Logistics Awards - 'The Voice of the Customer' on Thursday, 20th July 2006 in Singapore.
The Awards is aimed at identifying and honoring the best logistics service providers in five major sectors based on a 'Voice of Customer' research conducted by Frost & Sullivan. Sectors included are automotive, pharmaceutical, retail, fast moving consumer goods and IT/electronics.
A total of 21 awards will be presented in 2 categories:
Category A - Sector awards for each country (20) - 5 sectors X 4 countries
Category B - Overall ASEAN 4 Best Logistics Service Provider Award (1)
Frost & Sullivan's Director of Transportation, Asia Pacific Kavan Mukhtyar says the award recipients will be identified based on an in-depth research conducted by Frost & Sullivan within five end-user industries.
"The results are reflective of an interaction with logistics managers and decision makers for their opinions and ratings of the various logistics service providers," he adds.
Frost & Sullivan will also host a panel discussion on the trends and challenges of the ASEAN logistics industry during the awards banquet.
Mr. Mukhtyar says, "The ASEAN logistics market certainly has been seeing an upward trend for the past three years and is expected to grow tremendously over the next five years."
"This is largely due to increasing trade and hence the corresponding increase in the movement of goods across borders."
He also says that the demand for logistics services in ASEAN has been increasing because of companies' need to cut costs, focus on core competencies and ensure timely delivery for customers.
In the ASEAN region where there is a wide geographic dispersal of markets and a high dependency on external trade, logistics play a crucial role in sustaining economic growth.
"Logistics requirements of businesses have become more onerous, particularly in the manufacturing industry which has progressed to become highly integrated in global supply chains. This transformation has enabled the significant growth of logistics service providers in Southeast Asia," Mr. Mukhtyar says.
The event is supported by the Singapore's Economic Development Board and The Logistics Institute - Asia Pacific. Media partners for the event include Asia News Network, Malaysian Business, US-based Logistics Management, Global Logistics & Supply Chain Strategies, Logistics Thailand and Netremedia Pte Ltd.
Complimentary seating is available to media representatives. Seating is limited. Please send any requests for information/reservations to Alice Chia, Corporate Communications at +603.6204.5899 or e-mail at alice.chia@frost.com
For more information on the awards, please visit http://www.frost.com/voc
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com
Alice Chia, Frost & Sullivan (Automotive & Transportation, Asia Pacific), +603.6204.5899 alice.chia@frost.com
Source: Frost & Sullivan (Business Wire India)
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