Current and Future Prospect of Logistics and Transportation Sector in Malaysia

Abstract

Logistics play a vital role in today's economy. As the critical component in the supply chain, logistics is a sector able to be translated as a competitive weapon to the businesses and the nation. Malaysia is a developing country which, laid in the middle of the trade route between west and east, constantly eyes the opportunity to exploit the logistics sector as a platform to bring out its domestic products to the international market and to bring in investment from the global players. Good transport infrastructure and conducive business environment are the ingredients for positioning Malaysia as a hub of logistics activities at the regional and global level. One of the initiatives to achieve the objective is the commencement of Digital Free Trade Zone as a regional e-commerce e-fulfillment hub and drive export of Malaysian SME via e-commerce. As the government is looking toward shifting manufacturing approaches from labor-intensive to capital-intensive strategy, the container ports and airports are equipped with the state-of-the-art technology to ensure efficient movement of cargoes and passenger at the terminal. The progress of logistics and transport activities in Malaysia, coupled with recent development in the commercial and business-related projects, maybe becoming the most important reasons why the foreign investor should consider investing in Malaysia.

Citation

Ramli, A. and Shakir, K.A. (2021), "Current and Future Prospect of Logistics and Transportation Sector in Malaysia", Sergi, B.S. and Jaaffar, A.R. (Ed.) Modeling Economic Growth in Contemporary Malaysia (Entrepreneurship and Global Economic Growth), Emerald Publishing Limited, Leeds, pp. 279-290. https://doi.org/10.1108/978-1-80043-806-420211021