EFL marks 35 years as the sub continent’s first global logistics provider
View(s):Leading logistical services provider Expolanka Freight (Pvt) Ltd (EFL) celebrated its 35th anniversary this week with a reaffirmed commitment to its core mission and values, with a strengthened focus on Asia’s flourishing fast fashion market, according to a company media release.
Since 1982, EFL has set itself on par with international contemporaries by focusing on consistently delivering flexible and customised solutions to complex and time-constrained logistical needs. EFL specialises in fashion logistics services and has serviced the country’s booming apparel industry alongside many of the world’s top clothing brands. The company offers solutions for freight management, logistics and distribution and has been at the forefront of investing in infrastructure and technology to meet the growing demands.
“EFL thrives when it comes to establishing its presence in regions with weak infrastructure, operating in countries such as Cambodia, Myanmar and Africa to deliver speed to market solutions for buyers in the US and Europe. Last year, EFL lobbied and successfully handled the first cross border shipment under BBIN from Bangladesh to India and went live on the GT Nexus platform for enhanced visibility and collaborative opportunities in the supply chain,” the release said.
Founder/President Hanif Yusoof said that the anniversary was an opportunity to reassess the company’s global presence as a freight and logistics solutions provider, especially in the face of a global realignment towards Asia as the hub of business activity. “This was a good time to take stock of our performance so far, to really evaluate what it means to be a logistics service provider in a very competitive business environment,” he said. “We have focused our business and core strengths on fast fashion, and really minimising lead times to ensure that deliveries are made from warehouse to door in no time. We strongly believe that this is the future of logistics.”
Last year EFL recorded a year on year growth of 15 per cent in revenue at Rs 13.7 billion in the second quarter. The gross profit margin also grew to 18.7 per cent from 17.5 per cent.