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Deepal Shah, the Group Chief Financial Officer of Allcargo Group, has expressed optimism for the financial year 2025, citing increased demand for logistics and supply chain services across various sectors including e-commerce, retail, FMCG, and chemicals.
Shah highlighted the company’s positive outlook, attributing it to the rising demand from key industries. He emphasized that the steady growth in logistics infrastructure development and the digital economy were expected to drive a healthy uptick in demand.
We have a positive outlook for FY25 banking on heightened demand for logistics and supply chain service from e-commerce, retail, FMCG, chemicals, etc., to name a few. With the steady growth of logistics infrastructure development and digital economy, we are expecting a healthy uptick in demandDeepal Shah, Group CFO, Allcargo Group
While expressing confidence in the domestic market, the Group CFO also indicated that the company is closely monitoring global geopolitical and economic developments to assess their impact on global trade demand.”On the other hand, we are closely monitoring geo-political and economic developments to ascertain global trade demand movement,” the Group CFO said.
Group CFO’s strategy for growth and expansion
In a strategic move aimed at fortifying its market position and driving future growth, Allcargo Group has successfully completed the demerger of strategic business undertakings and exited non-core businesses, the Group CFO said. The company has transitioned towards an asset-light approach, with a digital strategy serving as the cornerstone for its future endeavors.
We are optimistic about the future trajectory of Allcargo Group. Our strategic decision to demerge certain business undertakings and focus on an asset-light model, bolstered by a robust digital strategy, reflects our commitment to sustainable growth…
The Group CFO also highlighted the company’s strategic maneuvers, emphasizing the demerger of select business units and a shift towards an asset-light model with a digital focus. According to the Group CFO, this strategic shift reflects Allcargo’s steadfast commitment to sustainable growth.”Our strategic decision to demerge certain business undertakings and focus on an asset-light model, bolstered by a robust digital strategy, reflects our commitment to sustainable growth,” Shah said.
The CFO also underscored the company’s prudent approach over the years, which has laid the groundwork for future expansion.Expressing confidence in Allcargo’s trajectory, the CFO remarked, “Our prudent approach over the years has led to the establishment of a resilient balance sheet, providing a solid foundation for future expansion.”
Addressing broader industry challenges, the CFO acknowledged geopolitical hurdles while remaining optimistic about India’s infrastructure advancements. Highlighting the transformative potential of the National Logistics Policy, the CFO stated, “The National Logistics Policy is expected to significantly enhance efficiency across the sector.”
Moreover, the CFO identified growth opportunities if global manufacturing giants opt for India as part of their diversification strategy, known as the “China plus one” approach. This, the CFO believes, could elevate India’s status as a global logistics hub. “If global manufacturing giants opt for India to diversify their manufacturing base as a part of the China plus one strategy, things will brighten up further,” he said.
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