Geodistes will soon be expanding its operations into Asia, with the launch of a new logistics hub in the Philippines, a deal that could pave the way for a wider expansion of the company.
Geodists chief executive Andrew McEwan said the move was part of a broader global strategy to build up its reach in Asia, as part of the global “geodisextracting” strategy to increase its global footprint.
Geodists, which is based in Dublin, said it would establish a new headquarters in the Philippine capital of Manila, the second city in the country.
It would also open a logistics centre in Beijing.
It is one of the world’s largest logistics companies, with about 50,000 employees worldwide.
The company employs about 6,000 people in the Asia Pacific region, including in Singapore and Hong Kong.
The Philippines is also looking to expand its reach to Africa.
The country, where the geodisexteries is based, has been one of Asia’s fastest-growing economies in recent years.
More than 3,500 people were employed by the company in 2016, up almost 10% on the previous year.
Its growth has also been fuelled by its focus on the South-East Asia region.
In recent years, the company has diversified into the global retail and logistics market, with branches in London, Hong Kong and Dubai.
McEwan, who took over the reins from outgoing chairman Richard Tulloch last year, said the company’s global footprint is expanding at an accelerated pace.
“We have been working with a lot of our partners and partners of our competitors around the world to accelerate growth,” he said.
This includes Singapore, Malaysia, Vietnam and the Philippines.
To help secure its future, Geodís first global branch in Hong Kong will be opened in 2020.
While the Philippines has not yet received a final visa, Mr McEuan said the project would begin to build momentum and will ultimately lead to the opening of a permanent branch in the city in 2021.
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