Globe Express Services (Overseas Group) announces 12 per cent growth as UAE maintains high ranking in global Logistics Performance Index
UAE jumps to 17th place in World Bank’s LPI survey of 155 countries and remains the top logistics destination in Arab worldNovember 6, 2012
Globe Express Services (Overseas Group), one of the world’s top 100 global logistics providers, has announced a 12.21 per cent growth from January to August 2012 compared to the same period in 2011, which is in line with the company’s goal of achieving at least a 15 per cent increase in business volume between 2012 and 2013. GES (Overseas Group) further revealed that the UAE remains a key growth catalyst for the company as the country has again improved its ranking in the World Bank’s biennial Logistics Performance Index (LPI) with a score of 3.78, jumping to 17th place in 2012 from 24th in 2010 among 155 countries surveyed and topping the list in the Arab world.
GES (Overseas Group) also pointed out recent surveys showing the positive growth of the UAE’s logistics sector, which has been predicted to reach a value of around USD 9.4 billion by 2014. Accordingly, the company has reported a sustained increase in demand for its core services that include Project Logistics and Management (out-of-gauge, breakbulk, RoRo) and Logistics and Compliance Consulting.
“The UAE’s strong performance in the World Bank’s Logistics Performance Index reflects the government’s continuing success in establishing a highly efficient system for customs processes, building world-class infrastructure and maintaining the quality of logistics services in the UAE. Taking advantage of the robust market conditions, Globe Express (Overseas Group) has consistently achieved its growth targets in the UAE over the years, and we have already posted more than 12 per cent growth as we enter the final quarter of 2012. The UAE certainly serves as a strategically important market that will underpin our long-term growth strategy in the region. Globe Express will continue to focus on providing top-class logistics solutions as we complement the growing reputation of the UAE as one of the most lucrative logistics markets in the world, while reaffirming our status as one of the world’s top 100 logistics companies,” said Ziad Korban, CEO of Globe Express (Overseas Group)..
Globe Express Services (Overseas Group) specializes in out-of-gauge services, which is a core offering of the company’s Project Logistics and Management portfolio. In Logistics and Compliance Consulting, Globe Express Logistics offers its expertise in creative warehouse design, distribution, supply chain execution and material handling solutions for leading retail, wholesale, and consumer product manufacturing companies. Globe Express’ consultancy services also cover selection and implementation of supply chain execution software, including warehouse management systems, asset management systems, transportation management systems, yard management systems and labor management systems.
