Supply Chain Digital takes a closer look at global logistics and freight company Agility.
Founded in 1979, Agility started its journey as a local warehousing provider in Kuwait. Today, Agility is one of the largest global integrated logistics providers in the Middle East.
Agility has six core freight and logistics (3PL) services that it provides, including:
Air freight cargo services
Sea and ocean freight
Supply chain solutions
System and technologies
Agility, “works hard to keep supply chains green and fair”, the company has reduced its greenhouse gas emissions by 23% since 2011, with 50% of its employees working in sites covered by ISO 14001 for environment management and is ranked among the top 4% of industries for environmental performance by Ecovadis.
Key figures from Agility’s Q3 2019 earnings report:
Revenue - US$1.32bn (1.6% increase over the same period in 2018)
Net profit - US$71mn (8.4% increase over the same period in 2018)
“Our Infrastructure portfolio of companies drove our results in the third quarter, with all major entities seeing growth. Our Global Integrated Logistics (GIL) business, on the other hand, was affected by challenging market conditions that have affected the industry as a whole. However, GIL is moving forward aggressively with its digitisation agenda to improve operational efficiency and drive a better customer experience,” commented Tarek Sultan, Agility Vice Chairman and CEO.
Reflecting on the company's future, Sultan stated that Agility will “continue to invest in technology-driven change and seek to be the digital leaders in our industry. Our Agility Ventures team is partnering with innovative start-ups that are re-shaping the supply chain in areas ranging from green technologies to e-commerce. We are also accelerating in-house development, acquisitions, and partnerships to grow our digital logistics platform, Shipa. We believe this is the key to differentiating Agility and positioning us for future growth.”
Did you know? Agility is also one of the largest private owners and developers of industrial real estate in the Middle East and North Africa.
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