Damco has commenced offering its customers access to Myanmar, after being granted a permanent license to operate under its own legal entity in the Southeast Asian nation.
Damco is working with the U.K.-based Institute for Human Rights and Business and the Danish Institute for Human Rights to ensure the United Nations’ Guiding Principles on Human Rights are applied.
“We have an immediate implementation plan, as well as a long-term one, to set up logistics capability and infrastructure in Myanmar,” said Kiattichai Pitpreecha, Damco’s cluster manager, in a written statement. “This will allow our customers to open up their supply chains and sourcing operations in the country, while ensuring the highest standards are met in terms of meeting the principles of the U.N. Global Compact.”
Now that the third-party logistics provider has obtained a long-term license to operate, Damco has started implementing a plan of investment to ensure its current consolidation and container deployment activities are extended in the years to come. Damco has also made initial steps for setting up its own office in Myanmar, and the company has already set up a container freight station operation in Yangon.