Time-critical logistics firm time:matters is opening two new offices in Southeast Asia as it responds to trade uncertainty.
The Lufthansa Group-owned company will open new offices in Penang in Malaysia and Bangkok in Thailand, which it said were two of the region’s manufacturing and innovation hubs.
Jon Norvald Haugen, time:matters’ managing director for Asia Pacific, explained that customers were looking to diversify their supply chains in response to trade uncertainty.
“Malaysia and Thailand are industrial powerhouses and key centers of growth,” he said. ”The new offices complement our existing set-up, offering our customers enhanced access to capacities and greater flexibility to serve all trade lanes in and out of the region.
”It helps our customers gain resilience and supports their evolving supply chain connections, no matter where manufacturing and logistics needs shift to in the future.”
Bernhard zur Strassen, chief executive of time:matters, added: “We live in an age of uncertainty, especially for supply chains and global trade. That’s why time:matters is stepping up its presence in key regions around the world.
“Companies increasingly focus on de-risking production and sales by diversifying locations. In Asia, the spotlight is not just on China and India, but especially on Southeast Asia."
The new office in Malaysia will be overseen by Simon Ting Seng Kong has over 25 years of industry experience. The Thailand office will be led by Sebastian May, who already works for time:matters.
Both locations will offer the full range of time:matters’ services.
The offices are the second and third new locations opened by the company this year.
In April, time:matters opened an office in France to strengthen its presence in western Europe. The new office is located near Paris Charles de Gaulle (CDG) Airport and is led by Pieter-Jaap Zijlstra, regional director western Europe.
