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The Logistics Sector Has the Potential to Be A Forefront Of Economic Growth in 2024
This article has been translated and summarized by CORIM Indonesia as part of our highlights of services. We has not completely checked the accuracy and admits no responsibility for the content.
Indonesia's economy is expected to continue growing in 2024, with a projected growth rate of 5.31% compared to 2022. The government predicts economic growth of 5.1% in 2023 and 5.2% in 2024, while the Bank of Indonesia predicts 4.7-5.5% growth. International institutes like the World Bank, IMF, and ADB also predict similar growth rates. The logistics sector, according to CEO Setijadi, has the potential to contribute to this slow economic growth.
The transportation and warehousing sector is projected to contribute IDR 1,245 trillion in 2023 and IDR 1,436 trillion in 2024. The logistics industry can boost other sectors' growth by increasing efficiency through technological advancement, process improvement, and human resource competency. Collaboration and synergy among logistics service providers and cargo owners can help improve logistics efficiency.
source : supplychainindonesia.com
