French logistics company looking to secure site for HCMC facility this year, following sites in Hanoi and Bac Ninh.
Cushman & Wakefield (C&W) have recently advised on France's FM Logistic’s first facility in Vietnam, in northern Bac Ninh province, which will feature a 5,000 sq m tri-temperature logistics site for long-term customers.
FM Logistic is following its “Ambition 2022” plan to expand geographical coverage to support customer growth. C&W have confirmed that a site has been identified in Hanoi for an additional facility of 50,000 sq m and that work is ongoing to secure another site in Ho Chi Minh City this year.
“In line with the group’s strategy, our objective is to become one of the leading logistics providers in Vietnam by 2020 and to develop pooling so that we can create value for our customers,” said Mr. Stéphane Descarpentries, Director of Operations in Asia for FM Logistic.
“Welcoming FM Logistic, a leading supply chain company, is a fantastic achievement for our business but also to the wider Vietnam market,” said Mr. Alex Crane, Managing Director of C&W Vietnam. “They are pioneers in many technologies and processes that will add value to retail and FMCG companies through effective supply chain management that will ultimately benefit consumers at the point of sale.”
“The logistics segment in Vietnam is undergoing rapid change, with vast expansions of leased space by some of the most famous names in the world, many of whom are our clients,” he went on. “It’s a fantastic time to be in the industrial and logistics advisory business. 2017 was a record year in transaction numbers for our firm.”
Founded in 1967, FM Logistic has become an international supply chain leader in warehousing, transport, and co-packaging. As an independent and family-run group, it is recognized as being an expert in the consumer goods, distribution, perfume/cosmetics, manufacturing, and health markets.
FM Logistic is present on three continents and in five business zones (Western Europe, Central Europe, Eastern Europe, Asia, and Latin America) with over 23,300 staff and more than a billion dollars in revenue, 63 per cent of which is made internationally.
It is a pioneer in effective solutions for the future of supply chains, spearheading concepts such as “pooling” (shared management of transport and logistics resources) and Collaborative Routing Centers (multi-client and multi-supplier flow pooling). In partnership with manufacturers, FM Logistic has also developed innovations for the warehouse of tomorrow (AGVs, drones, robots, and the utilization of big data, among others) and supports startup incubation projects inspired by the collaborative economy and applied to warehousing and transport.
Source: VN Economic Times