Page 18 - LUA November December 2024 Issue for website

INTERVIEW

KUEHNE+NAGEL’S

ROADMAP TO SHAPE GCC’S

DYNAMIC LOGISTICS

LANDSCAPE

Lee I’Ons, GCC+ Cluster Managing Director of
Kuehne+Nagel, shared insights with Rajarshi
Chatterjee on the company’s vision for the GCC
region, one of the world’s fastest-growing markets.

arlier last month, with a 6% increase in air freight
Kuehne+Nagel reported volume.. Moreover, K+N’s Road
strong third-quarter 2024 and Contract Logistics saw CHF 2.6
Eresults, driven by growing billion in turnover, with a boost from
demand for flexible logistics the acquisition of City Zone Express
solutions amid ongoing supply chain in Southeast Asia. Contract Logistics
disruptions. The company posted reported CHF 3.5 billion, driven by
a net turnover of CHF 18.0 billion a new automated hub for Adidas
for the first nine months of 2024, in Italy, processing up to 500,000
with EBIT of CHF 1.2 billion and shipments daily.
earnings of CHF 915 million. Reflecting on Kuehne+Nagel’s
The Switzerland-headquartered regional strategy, Lee I’Ons, GCC+
logistics company’s sea Logistics saw Cluster Managing Director, shared
a turnover of CHF 6.7 billion and insights with The STAT Trade Times
EBIT of CHF 653 million, handling on the company’s growth vision for
3.2 million containers (TEU). On the the GCC region, one of the world’s
other hand, its air Logistics grew fastest-growing markets. I’Ons
4% year-on-year, reaching described the unique challenges
CHF 5.2 billion and opportunities within the GCC,
in turnover, emphasising Kuehne+Nagel’s

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