This research service discusses Malaysia's logistics industry landscape between 2014 and 2020. The objectives are to identify and understand the logistics industry dynamics in terms of strategic location, the transport and storage sub-sector, and logistics services. The connectivity, capacity, and efficiency of the logistics industry is also analyzed and discussed.
Malaysia's growth as a multi-sector economy over the past decade has been fuelled by the services sector. In 2015, the services sector accounted for more than half of the country's gross domestic product (GDP). As trade expansion and inflows of foreign capital quicken the pace of Malaysia's economic growth, the country's logistics industry has established itself as a significant element in national competitiveness, bringing with it associated economic multipliers.
The momentum in the service sector was largely driven by the growth of wholesale and retail trade, which accounted for almost 18% of Malaysia's GDP in 2014. The transport and storage sub-sector grew at about 10% in the same year, making up 3% of Malaysia's economy.
The logistics industry performance has experienced favorable growth over the years, owing to the manufacturing, wholesale and retail, and business services spending. Malaysia's strategic geographical position, excellent ports and connectivity, vast service capability provided by logistics providers, supportive legislative framework, and highly educated labor force are also growth factors driving the logistics industry here.
These strengths favor Malaysia as a key logistics link to Asia. The country is strategically located in the center of economic activity, surrounded by the growing ASEAN community and several emerging Asian economies. Despite Malaysia's strengths, however, several core issues need to be addressed to support the continued growth of its logistics industry.
Key Topics Covered:
1. Executive Summary
2. Malaysia's Aspiration
3. Snapshot of Malaysia's Economy and the Logistics Industry
4. Growth Opportunities and Companies to Action
5. Way Forward for the Malaysian Logistics Industry
For more information about this report visit http://www.researchandmarkets.com/research/h85ncr/malaysia