Sri Lankaâ€™s JKH develops online small business logistics service
ECONOMYNEXT – Sri Lanka’s John Keells Holdings group is developing an online service to help small businesses with their logistics and supply chain requirements.
The move is part of the digitisation drive within the conglomerate’s logistics industry group, John Keells Logistics Limited (JKLL), according to JKH’s latest annual report.
“JKLL is in the process of developing an online interface for small and medium enterprises (SMEs),” it said. “The online interface, “store4u”, which is expected to be launched in the latter half of the ensuing financial year, is expected to gain momentum within the SME sector as a comparatively cheaper and safe alternative for the storage and transport components of their supply chains.”
According to JKH, the planned interface will showcase the availability of ‘world-class’ storage spaces in the SME owners’ vicinity for rent.
“The interface is expected to gain momentum since affordable warehousing space is currently a scarcity within this sector,” the report said.
JKH’s logistics business is growing fast with JKLL’s focus on improving productivity across its facilities leading to a 42 per cent increase in total throughput managed in the last financial year.
Growth was driven by volumes handled for its existing customers and the rise in demand from domestic companies, increasingly seeking to outsource components of their supply chain, the JKH annual report said.
The conglomerate is developing a distribution centre to be operated in a collaboration between the group’s logistics arm, John Keells Logistics Limited and Jay Kay Marketing Services, the operators of the Keells Super chain of supermarkets.
(COLOMBO, June 12, 2017)