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Upcoming confab signifies Cambodia’s growing reputation as key logistics hub
Cambodia’s capital city will host a large gathering of local and international freight-forwarders next month, signifying the Kingdom’s growing reputation as an important logistics hub in Southeast Asia. According to Indian research company Mordor Intelligence, the freight and logistics market in the country is expected to reach a market value of $2.25 billion by 2023.
A study released by Agility, one of the leading logistics companies in the world, showed that Cambodia’s ranking in the global index of emerging logistics markets has markedly improved from last year. Cambodia has also seen a dramatic growth in its number of freight-forwarding companies.
In the last five years, according to figures provided by Cambodia Freight Forwarders Association, close to 500 registered logistics companies have started operating in Sihanoukville, Phnom Penh and other parts of Cambodia. These include local firms and branches of prominent international players such as Maersk, Nippon Express, OOCL and Ben Line Agencies.
The organisers are expecting between 100 to 500 participants from Cambodia and other countries to participate in the 3rd Logistics leads Network Conference, which will be held at the Dyvith Hotel in Phnom Penh from April 18 to 20.
While the bulk of the attendees are expected to come from the local logistics and freight-forwarding sector, representatives of more than a few regional and international freight forwarding companies in Vietnam, Thailand, China, Japan, South Korea, United States, Europe and other countries are also expected.
Canadian firm Logistics Leads Network is the event’s main organiser, supported by sponsors including Kargo League Logistics of India and Thai Airways.
Logistics Leads Network said it will provide an opportunity for local freight-forwarding companies to establish partnerships with their foreign counterparts and further boost the thriving sector. To encourage more participants, the company’s website is claiming the event “will be the best investment that you can make during 2020”.
Source: https://www.khmertimeskh.com/50700678/upcoming-confab-signifies-cambodias-growing-reputation-as-key-logistics-hub