upcoming events

Sep 2018
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
MANUFACTURING SUPPLY CHAIN OFFICER SUMMIT 2018
Wed - 19/9/2018
Status: Active
20 21
VSC TOUR | CITY LOGISTICS & DISTRIBUTION
Fri - 21/9/2018
Status: Active
22 23 24 25 26 27 28 29 30

Survey

1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?

Submit

Galleries

This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

PROCESS DELEGATE SPECIALIST - BOSCH VN

The Bosch Group is a leading global supplier of technology and services, in the areas of automotive and industrial technology, consumer goods as well as building technology. 

LOGISTICS OPERATIONS COORDINATOR - CEL CONSULTING
A firm specialized in Demand and Supply Management in Emerging Markets: We create an impact where it's most needed
2018 MANAGEMENT TRAINEE - DHL SUPPLY CHAIN VIETNAM
DHL Supply Chain - a business unit of DHL Global, is the global market leader in contract logistics, providing warehousing, managed transport and value-added services at every link in the supply chain for customers in a variety of industries.

IKEA TO INVEST $212 MILLION TO BUILD REGIONAL SUPPLY CENTER IN MALAYSIA: GOVERNMENT

2018-01-11 17:27:05

Share with friends

IKEA TO INVEST $212 MILLION TO BUILD REGIONAL SUPPLY CENTER IN MALAYSIA: GOVERNMENT

 

KUALA LUMPUR (Reuters) - Netherlands-headquartered furniture retailer IKEA will invest 908 million ringgit ($212.10 million) to set up one of its largest regional distribution and supply chain centers in Malaysia, the Southeast Asian country said.

 

The logo of IKEA is seen above a store in Voesendorf, Austria, April 24, 2017. REUTERS/Heinz-Peter Bader

 

The supply chain center will manage an inventory worth 6.6 billion ringgit annually, catering to IKEA’s growth in the ASEAN region, the Malaysian Investment Development Authority (MIDA) said in a statement on Tuesday.

The new 100,000 square meter warehouse will supply to 12 existing retail stores in the region. IKEA plans to grow its number of stores in ASEAN to 20 by 2026.

IKEA did not immediately respond to a request for comment.

Malaysia is a significant market for IKEA, with retail stores in the country being among IKEA’s most visited globally.

“The establishment (of the warehouse) also adds momentum toward making Malaysia a regional distribution hub and preferred logistics gateway to Asia as outlined in the National Logistics and Trade Facilitation Masterplan and National E-Commerce Strategic Roadmap,” Minister of International Trade and Industry Mustapa Mohamed said.

Malaysia has been encouraging large local conglomerates and multi-national companies to use the country as a gateway to the region through various initiatives, including the principal hub scheme that allows companies to centralize their global activities such as procurement and distribution.

The web of companies that make up IKEA has recently focused ownership of retail operations, which also include shopping centers and food retail, on IKEA Group. Supply chain management and design has transferred to brand owner and franchiser Inter IKEA.