This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJB307K_L.jpg
Maersk intends to scale up its warehousing and distribution in the region by up to 50% and expects to add nearly 480,000 square metres of capacity across Singapore, Malaysia, Indonesia and the Philippines by 2026, it said.
The planned three-year investment aims to strengthen supply chain resilience and lower the cost of trade, which tends to be two to three times higher in certain Asian markets, Maersk added.
