Mark Szakonyi, Associate Editor | Aug 20, 2012 10:38AM EDT
Yusen Logistics will begin operating in Dhaka and Chittagong, Bangladesh, on Oct. 15 to serve apparel and other retail shippers.
The Japanese forwarder said Bangladesh, a member of the “Next 11” emerging economies following the BRICs, has attracted apparel and retail production because of abundant land and a “huge labor force.” The country also enjoys cheaper labor costs than China, spurring some shippers to shift production from China.
Yusen “will take advantage of its position as a total logistics company to provide one-stop services by combining air and sea forwarding, focusing on buyers consolidation services for apparel makers.”
Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @szakonyi_joc.