Sri Lanka logistics firms mull tie-ups with start-ups

ECONOMYNEXT – Sri Lankan logistics firms are adapting to changing customer behaviour and technology and could strike up partnerships with start-ups in extending their services, an industry official said.

Ruwan Waidyaratne, managing director of Hayleys Advantis Ltd., the logistics business of the Hayleys group, said digital technology was changing the whole playing field and creating better efficiencies.

“We seen changes in customer behaviour, in customer expectations and are responding by becoming more efficient, and faster,” he told a forum held by the Asia Securities brokerage where its new study on the logistics sector was presented.

Waidyaratne also said start-ups entering the business had the potential to disrupt existing practices and Hayleys was looking to partner with them where feasible.

“For example, smaller parcels are being moved now, more frequently and logistics firms need to adapt to that,” he said.

“We need to be more efficient and there are a lot of opportunities for us to collaborate with start-ups. For instance with the parcel size smaller, it is an ideal opportunity to link up with start-ups and get them to do last mile delivery.”

(COLOMBO, 14 December 2018)

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