IBX Logistics records 68% growth in 2020
The strong growth has been attributed to expansion in global markets such as France and Switzerland, coupled with established partnerships and trade linkages as well as talented professionals to streamline and manage supply chains.
IBX Logistics, a global provider of transportation services with key operations in Dubai, has announced that it has recorded a 68 per cent year-on-year rise in revenue in 2020. The strong growth has been attributed to expansion in global markets such as France and Switzerland, coupled with established partnerships and trade linkages as well as talented professionals to streamline and manage supply chains.
Equipped with an ambitious team, the company is looking to further expand its business this year with the launch of new e-commerce services and additional operations in other strategic markets, capitalising on its strengths and experience in the freight forwarding/logistics industry as well as being ISO 9001:2015 certified by Bureau Veritas.
Despite the Covid-19 restrictions in place during 2020, IBX Logistics seamlessly handled global projects, one of which included managing 1,093 trucks for international transport in two months during the peak of the pandemic. The company’s operations in Switzerland included handling daily charter flights in a duration of four weeks, carrying over 600 tons of medical protective products being transported from China.
To meet growing demand for efficiency and exceed customer expectations, the logistics company has adopted a robust IT platform which integrates all its freight forwarding, logistics, and business management solutions. Alongside these services, its transportation and management solutions have been designed to meet clients’ needs in a manner which offsets its carbon footprint by planting a tree for every shipment.
In this regard, IBX has partnered with non-profit organisation One Tree Planted to fund tree-plantings in countries around the world. Last year, the partnership was extended to Uganda where around 1,387 trees were planted on the company’s behalf.
Commenting on the achievements, Mustapha Kawam, chief executive officer and managing partner at IBX Logistics, said, “We pride ourselves on the quality service offered by our talented and well-trained professionals. The Covid-19 pandemic provided IBX the push it needed to convert new challenges into fresh opportunities by investing in futuristic technologies. The UAE logistics sector, which is valued at AED 220 billion and is expected to contribute eight per cent to the UAE economy by 2021, has been resilient during the lockdown period, ensuring uninterrupted supply chain to stave off any shortages of essential goods and medicine.”
Kawam credited the growth in logistics sector to the country's free zones and massive infrastructure investments. “The UAE is rapidly emerging as a leader in transport and logistics innovation. The government of Dubai is working towards achieving long-term benefits from the sector with a strong pipeline of transport infrastructure projects, which is in line with the Dubai Industrial Strategy 2030. These initiatives will work towards providing a boost to the logistics sector which will ensure sustained long-term success of the national economy,” he said.
IBX Logistics has established itself in the logistics industry within a short span of time, overcoming the challenges posed by restricted movement across borders during the pandemic. The company offers a range of services to ensure timely shipments for air and ocean freight, trucking, cargo insurance, warehousing as well as the supply chain management. For shipments that require multimodal transport, IBX provides global tracking to make the process as secure and flexible as possible.