Global supply chain business, CEVA Logistics, is expanding its presence in the emerging southeast Asia markets with the opening of an office in Phnom Penh, Cambodia.
CEVA has been operational in Cambodia for six years through a network partner, providing freight management services to a number of multinational and local customers.
The new facility is reported to offer a full range of global services in multimodal, land transport, sea-air and EPZ / CFS facilities. CEVA is now assuming responsibility for all its network operations and financial services, billings and intercompany settlements with improved control over business as well as the expansion of product propositions.
“Cambodia is a country with vast opportunities for growth,” said CEVA Logistics Managing Director – South East Asia Cluster, Russell Pang.
“And with our longstanding regional expertise and newly opened office, CEVA is well positioned to provide robust logistics solutions that will facilitate rapid business development for our clients and contribute to the development of the logistics sector in the country.”
CEVA’s operations in the emerging Southeast Asia markets span Cambodia, Bangladesh, Myanmar and Laos. These rapidly emerging economies present considerable growth potential, according to CEVA. Cambodia, for instance, is growing at a pace of 7.1 per cent in 2017 according to the World Bank. This accelerated growth provides significant development opportunities in the transport and logistics sector.
Meanwhile, in the UK and Ireland, CEVA Logistics has been awarded a three-year contract to manage and deliver products to stores for cosmetics company, LUSH.