- THE MAGAZINE
Menlo Worldwide Logistics on Wednesday, Jan. 09, 2013, opened its new 37,000-square-meter warehousing and retail distribution-management facility in Singapore.
The $50 million investment marks the company's seventh facility in Singapore and the largest.
Looking ahead, Menlo plans to establish and dedicate at least two more facilities of the similar scale to provide logistics services for finished vehicles and wine and spirits.
Menlo has acquired Cougar Express Logistics, a third-party logistics provider based in Singapore, for $34 million five years ago. The acquisition gives it a foothold in the wine and spirits distribution market in Singapore where Cougar has emerged as a dominant player.
However, like all businesses in Singapore, Menlo has to cope with operational challenges including labour shortage.
"Our number one challenge is finding talent. We're a non-asset based business, we provide high service solutions for customers and that requires hiring the best and brightest of people all over the world," says Robert Bianco, president of Menlo Worldwide Logistics.
Bianco continues, "We continue to look at wage reduction in the supply chains where we operate to offset any increase in costs that we have in any markets."
The $2.1 billion global logistics company is a subsidiary of Michigan-based freight transportation and logistics services company Con-way.