Indonesia is a ‘hotspot’ for Chinese companies in logistics, supply chain, SF group says
A growing economy, with multilingual talent and vast geographical expanse, makes Indonesia a good choice for expansion, SF unit says
Indonesia’s growing economy, coupled with a multilingual workforce and vast business opportunities over an archipelago of 15,000 islands, is a magnet for logistics companies from China, according to a leading Chinese courier company.
“I can see a lot of potential in terms of supply chain to help Indonesia and support its economic growth,” said Michael Tung, managing director for Hong Kong and Macau at SF Supply Chain, which provides turnkey supply-chain solutions to enterprises. “Indonesia is one of the hotspots for us. I will put a lot more resources in Indonesia compared to any other Asian countries.”
Hong Kong can support the growth in Indonesia in many ways including in finance and supply chain management, said Tung, whose unit is part of the SF Holding group. In many industries like e-commerce, stiff competition at home has prompted Chinese entities to seek new growth avenues in Southeast Asia, he added.
He spoke at the “Think Business: Think Hong Kong” symposium in Jakarta, organised by the Hong Kong Trade and Development Council.