Latest Updates

Agility Signs Porsche Carrera Cup Asia Partnership

Continued logistics partner for prestigious Porsche Motorsports racing series

SINGAPORE – May 1, 2019 – Agility has signed a two-year logistics partnership agreement with Porsche Motorsports for the eight-weekend Porsche Carrera Cup Asia (PCCA) racing series.

Agility Fairs & Events has been the official logistics partner for the PCCA since 2016. With this partnership, Agility will handle the movement of all cars for the series, organizing shipping, transport and handling of the race cars across Asia-Pacific, as well as spare parts support from Porsche Germany to race sites in Asia-Pacific.

Essa Al-Saleh, President and CEO, Agility Global Integrated Logistics, said: “Our longstanding partnership with the PCCA demonstrates our ability to meet the pressures of race-day conditions, and also shows our strong capacities in automotive logistics – a key vertical for Agility. We’ve been able to meet the exacting requirements of Porsche Motorsports and the teams competing in the past, and will continue to provide high level of service over the course of the partnership.”

Porsche Carrera Cup Asia Manager Jochen Schäfer said: “Fantastic co-operation, the ability to react and adapt instantly in the fast-paced Motorsport environment makes Agility the number one choice to handle the logistics side of the Porsche Carrera Cup Asia. We are more than happy to partner up for another two years thanks to their proven track record of exceptional service and enthusiastic support.”

The 2019 edition of the PCCA series opened with an official test day March 22 – 24, followed by the first race on April 12-14 in Shanghai, China, and will have 15 30-minute rounds held at six circuits across Asia.

Posted in Agility General Update

Agility Wins National Honors at Prestigious MEED Awards Program

Company’s built-to-suit warehouses selected as national winner

KUWAIT – April 18, 2019 – Agility, a leading global logistics provider, has been selected as the Kuwait national winner in the Industrial Project of the Year category at the 2019 MEED Projects Awards, presented in association with Mashreq.

Agility Logistics Parks received the award for its ‘4 BTS Warehouse’ project for one of the largest retail companies in Kuwait. The built-to-suit warehouses covered over 70,000 sqm of warehouse floor space and were completed in a 12-month timeframe, including design and construction.

Michel Saab, CEO of Agility Logistics Parks, said: “Agility has significant experience designing and building logistics parks and warehouses around the world. Our experience means we were well-placed to deliver this large scale project to our customer. Winning this award further solidifies our strong market position as a leader in building and managing world-class facilities and infrastructure that help companies operate in the world’s fastest-growing markets.”

During the design phase of the project, Agility took into consideration measures to minimize water and electricity usage to the minimum. The warehouse was outfitted with LED lighting and water sensors, and excess water from air conditioning units was reused for irrigation. In addition, the design and execution of warehouse’s slab flooring used steel fibers and jointless slabs to minimize maintenance costs and possible operation disruptions for the customer.

Richard Thompson, Editorial Director, MEED, said: “This year the judging panel reviewed a record number of entries from across the GCC, which affirms yet again the robust projects market in the region, amidst the challenging business landscape. Competition has been tough, and it’s great to see a strong commitment not just in completing projects, but also in meeting very stringent quality standards. Congratulations to all our national winners.”

Agility’s 4 BTS Warehouses project will now be reviewed against its Gulf rivals for the GCC honors to determine the final winners of the 2019 MEED Projects Awards.

Posted in Agility General Update

Agility and MIT Media Lab Hosting ‘Data Agility’ Hackathon

Kuwait’s brightest tech minds competing to solve real-life problems

KUWAIT – March 24, 2019 – Agility, a leading global logistics provider, is collaborating with the MIT Media Lab to host a four-day competition that opened Sunday and challenges teams of Kuwaiti tech students, coders and entrepreneurs to solve real-world societal and business problems.

The Data Agility Hackathon will be co-hosted by the Massachusetts Institute of Technology (MIT) Media Lab, one of the world’s pioneering interdisciplinary research laboratories. Experts from the MIT Media Lab are coaching 50 Hackathon participants working in teams of 10 to find ways to crack issues faced by consumers, businesses and the government.

Hackathon competitors will use high-powered tools to analyze data provided by Agility and Kuwait’s Public Authority for Civil Information. Among the questions they will examine:

  • Can satellite imagery unsnarl Kuwait’s epic morning traffic so we can get to work, school and the airport faster?
  • Can predictive analytics ensure that your favorite cosmetics and fashion items are in store when you go shopping?
  • How can data science speed online purchases right to your door, faster and more reliably than ever?

Thinkers and representatives from Kuwaiti ministries, universities, businesses, banks, technology innovators, start-up accelerators and foundations also are taking part. The data used by the teams includes satellite imaging, Kuwait traffic information, location-based data, and warehousing and freight data.

Tarek Sultan, Agility CEO & Vice Chairman, said: “The Data Agility Hackathon brings a new generation of Kuwaiti problem-solvers together to learn, grow, and use their skills to improve life. We are trying to foster a collaborative, creative mentality and develop the skills critical to the future of Kuwait and its citizens.”

Ryan McCarthy, Director of Member Relations at the MIT Media Lab, said: “Hackathons bring together intellect, creativity and the latest technology tools to address unique regional challenges. We’re enthusiastic about bringing our interdisciplinary approach to design, prototyping and problem-solving to this event.”

Sunday’s opening ceremony featured remarks from U.S. Ambassador Lawrence Silverman; Dr. Youssef Al-Ibrahim, Chairman of the Supervisory Committee of Kuwait Achievers for Future Opportunities (KAFO) Project; and Abdulrahman Al-Otaibi, a Kuwaiti doctoral candidate at the MIT Media Lab. The opening was followed by a panel discussion on the trends and implications of data science, automation and data privacy.

Dr. Al-Ibrahim said: “Following the vision and direction of His Highness, the Amir to continue to empower the youth of Kuwait, we initiated KAFO following the national youth project. It is our mission at KAFO to identify young talent and connect them to others so that they can learn and collaborate as part of our role in contributing to the knowledge economy. We are proud to be part of this advanced program which promotes problem solving through innovation to enable youth in building the future.”

Agility has been a member of the MIT Media Lab since 2017. The Data Agility Hackathon is supported by the Kuwait Foundation for Advancement of Sciences and KAFO.

Posted in Agility General Update

The future of warehouse parks in Africa

Geoffrey White, CEO at Agility Africa, speaks to CNBC Africa at the Africa CEO Forum in Kigali at the end of March. Agility is building warehouses and logistics parks to suit a variety of needs across Africa – watch the full interview to find out more.

Posted in Agility General Update

The Rise of Arab Women

Mariam Al Foudery, Agility Group Chief Marketing Officer, joins a panel at the World Economic Forum on MENA 2019 about what’s needed to unlock the full potential of Arab women. By 2025, the market power of women’s increased participation in the workforce could add an estimated $2.7 trillion to the region’s economy. New policies are coming into force to bring about societal change, what else is needed?

This session is associated with the Platform for Shaping the Future of Economic Progress, Education, Gender and Employment and was originally broadcast at the World Economic Forum on MENA 2019.

Posted in Agility General Update

Agility Appointed to Handle IAAPA Expo Europe 2019

Official freight and on-site handler for industry-leading leisure event

LONDON – March. 12, 2019 – Agility, a leading global logistics provider, has been appointed as the official freight and on-site handling contractor for International Association of Amusement Parks and Attractions (IAAPA) Expo Europe show.

Agility Fairs & Events will assist IAAPA Expo Europe exhibitors and contractors with international logistics services, including freight forwarding, pre- and post-show warehouse handling, and forklift and heavy lift operations to and from the exhibition.

Organized by IAAPA, the global association for the attractions industry, Expo Europe 2019 is the leisure and attractions event in Europe for industry professionals, including operators, suppliers, manufacturers, investors, developers, and others in the global amusement community. The event, which takes place  Sept. 16 – 19, will be held at Paris Expo Porte de Versailles.

Jakob Wahl, Executive Director, IAAPA EMEA, said: “The new partnership with Agility will allow IAAPA Expo Europe exhibitors options to handle freight at fair rates. Our exhibitors come to the Expo from around the world, and we are sure Agility will meet all of their needs.”

Garcia Newell, Regional Director, Agility Fairs & Events Europe, said: “Having been the nominated shippers and customs brokers for IAAPA Expo in the United States for over 30 years, we are excited to bring our experience, global capabilities and customer care to this year’s event in Paris.”

About Agility

Agility Global Integrated Logistics is one of the world’s top freight forwarders and providers of contract logistics. It offers ocean, air and road freight, warehousing and distribution, and integrated supply chain services in more than 100 countries. Agility GIL also provides specialist solutions for capital projects, oil and gas, chemicals, and fairs and events logistics. GIL and its parent, Agility, are pioneers in emerging markets, and leader and investors in the use of technology to enhance supply chain efficiency.  Agility is a publicly traded company with $4.6 billion in annual revenue.

For more information about Agility, visit www.agility.com
Twitter: twitter.com/agility
LinkedIn: linkedin.com/company/agility
YouTube: youtube.com/user/agilitycorp

About IAAPA

IAAPA is a diverse and dynamic community of global attractions professionals. As the largest international trade association for permanently located attractions, IAAPA unifies the attractions community, connects people to learn and grow together, and strives to promote the highest professional standards for excellence and safety around the world.

Founded in 1918, IAAPA represents more than 6,000 attraction, supplier, and individual members from more than 100 countries. Members include professionals from amusement parks, theme parks, attractions, water parks, resorts, family entertainment centers, zoos, aquariums, science centers, museums, manufacturers, and suppliers.

The association’s global headquarters is in Orlando, Florida, US. IAAPA also maintains offices in Brussels, Belgium; Hong Kong, China; Shanghai, China; Mexico City, Mexico; and Alexandria, Virginia, US. To learn more, visit www.IAAPA.org or connect through social media channels: @IAAPAHQ @IAAPAEMEA #IAAPA.

Posted in Agility General Update

Emerging Markets Enthusiasm Tempered by ‘Crisis’ Concern

Logistics industry executives worry about trade tensions, geopolitical threats
BAAR, Switzerland – March 4, 2019– The logistics industry sees emerging markets growing at a healthy 5% pace in 2019, but a surprising percentage of executives are bracing for a crisis amid U.S.-China trade friction, interest rate and currency volatility, and Brexit uncertainty.

In Agility’s annual survey of more than 500 supply chain industry professionals, 55.7% say a growth rate of 5% for developing economies is “about right.” Emerging markets expanded by 4.7% in 2018, and the International Monetary Fund now forecasts 4.5% expansion for 2019.

At the same time, 47.1% of logistics executives surveyed say an emerging markets crisis is “likely” or “highly likely.” Simmering tensions and tariffs could shave 10% off of U.S.-China trade volumes this year, the survey shows.

The survey is part of the 2019 Agility Emerging Markets Logistics Index, the company’s 10th annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets. The Index is a broad gauge of countries’ competitiveness based on their international and domestic logistics strengths and business fundamentals.

“Companies looking for opportunity are finding it in emerging markets, where small and medium-sized enterprises with access to technology and mobile banking are increasingly driving growth,” says Essa Al-Saleh, CEO of Agility Global Integrated Logistics. “At the same time, logistics professionals worry that these markets are vulnerable to ripple effects from big geopolitical setbacks.”

The Index ranks 50 countries by factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors. The top 10 are: China, India, United Arab Emirates, Indonesia, Malaysia, Saudi Arabia, Mexico, Qatar, Turkey and Vietnam.

China, India and Indonesia rank highest for domestic logistics; China, India and Mexico are tops for international logistics; and UAE, Malaysia and Qatar have the best business fundamentals.

2019 Index and Survey Highlights

  • China and India, atop the 2019 rankings based on their size and strength as international and domestic logistics markets, lag smaller rivals in business fundamentals, a category that ranks countries based on regulatory environment, credit and debt dynamics, contract enforcement, anti-corruption safeguards, price stability and market access. In that area, China ranks No. 7 and India is No. 10.
  • The strongest clusters of emerging markets are in the Arabian Gulf and Southeast Asia, thanks to business-friendly conditions and core strengths – the Gulf’s energy wealth and Southeast Asian manufacturing power – that draw logistics activity. In the Gulf, UAE (No. 3), Saudi Arabia (6), Qatar (8), Oman (12), Bahrain (16) and Kuwait (18) rank highly. Among ASEAN countries, Indonesia (4), Malaysia (5), Vietnam (10), Thailand (11) and Philippines (20) are strong.
  • Against a backdrop of trade friction and data showing China’s economy slowing, survey respondents see India as the market with greatest potential over China, their second choice.
  • Fifty-six percent of those surveyed say a prolonged trade standoff between the U.S. and China could benefit Southeast Asian countries, which offer manufacturing and sourcing alternatives to China.
  • Brazil, in the midst of a severe economic downturn and political upheaval, tumbles from No. 9 to 15 in the Index, ranking behind smaller Latin economies Mexico (7) and Chile (13). Brazil’s business fundamentals – a priority for new President Jair Bolsonaro – were 39th out of 50 Index countries. Despite the poor performance, executives surveyed see enormous promise: 44.5% said they were “optimistic” or “strongly optimistic” about Brazil.
  • China’s $4-$8 trillion Belt & Road Initiative (BRI) infrastructure drive is a bigger plus for China than for the countries in Asia, the Middle East, Africa and Europe where it is investing. Sixty-four percent of executives surveyed see the BRI boosting growth and trade for China; only 41.4% believe it will help other emerging markets.
  • E-commerce is fueling logistics opportunities in emerging markets. Sixty-percent of industry executives expect more outsourcing of last-mile delivery by retailers; 47.4% expecting more e-fulfilment outsourcing.
  • Trade bureaucracy is the biggest obstacle to small and medium-sized companies trying to do business across borders, survey respondents say. But when it comes to what size companies will grow fastest in emerging markets, SMEs are their top pick over multi-nationals and big regional or local companies.
  • Brexit could benefit emerging markets. Fifty-nine percent of executives surveyed expect emerging markets to seek trade concessions and new deals from the UK. Seventy-percent think emerging markets will be unaffected by Brexit.
  • Iran’s near-term potential has evaporated as a result of re-imposed U.S. sanctions. Nearly 75% of those surveyed say Iran is “less promising than before” or “not at all promising.” Iran ranks 49th of 50 countries as an international logistics opportunity.
  • The UAE and Malaysia are tops for business fundamentals. Gulf countries Qatar, Oman and Saudi Arabia also score high. Among the 50 Index countries, it’s hardest to do business in Venezuela, Angola, Myanmar and Libya.
  • Sixty-five percent of those surveyed see Mexico increasing trade with the U.S. and Canada under a yet-to-be-ratified trade agreement that is to replace NAFTA.
  • Venezuela, which holds the world’s largest oil reserves, ranks last (No. 50) overall and 50th for business fundamentals and international logistics opportunities.
  • The so-called BRICS economies (Brazil, Russia, India, China and South Africa) were once considered bellwethers and prime engines of emerging markets growth, but have diverged. China (1) and India (2) continue growing at more than 6% a year. Russia (14) is slowed by economic sanctions and low energy prices; Brazil (15) has lost markets and investment amid its worst downturn; and South Africa (24) has seen prospects suffer amid years of ruling party infighting and labor unrest.
  • Sub-Saharan Africa is a mixed picture. South Africa (24) is an underperformer. But in rankings of business fundamentals, Ghana and Kenya do relatively well at No. 19 and No. 21. Nigeria, which vies with South Africa to be the region’s largest economy, suffers from poor business conditions, an area where it ranks 44th.
  • Mobile banking – now available to nearly 43% of the population in Sub-Saharan Africa – is proving to be a catalyst for trade and is lowering barriers for small and medium-sized businesses by providing means for fast, secure payments and financial transactions.
  • Several countries would surge in the rankings if they could improve business conditions: Brazil, Philippines, Argentina, Bangladesh, Nigeria, and Bolivia. African economies with relatively strong logistics markets and potential – Uganda, Libya, Mozambique, Angola – are severely hamstrung by weak business fundamentals.

“Concerns about emerging markets in 2019 are valid, especially in countries with significant dollar-denominated debt, but as a group these markets are growing at roughly twice the rate of developed economies,” Agility’s Al-Saleh says. “What’s most heartening is that many now appear resilient enough to avoid the sort of contagion we saw spreading among emerging markets in 2013 and 2008.”

Transport Intelligence (Ti), a leading analysis and research firm for the logistics industry, compiled the Index.

John Manners-Bell, Chief Executive of Ti, says: “This year’s Index highlights the range of challenges and opportunities many markets face. The uncertainty which surrounds trading relationships, combined with implementation of new trade barriers, threatens to derail integration of emerging markets with the rest of the world. It is essential that obstructive trade policy does not stand in the way of commercial opportunities which help drive growth in emerging markets.”

2019 Agility Emerging Markets Logistics Index: www.agility.com/2019index

About Agility

Agility is a global logistics company with $5.1 billion in annual revenue and 22,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customs digitization, and remote infrastructure services.

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

For more information:
Sabrina Mundy
Man Bites Dog
+44 1273 716 826
teamagility@manbitesdog.com

Posted in Agility General Update

Highlights from Think Big, Act Small

Small and mid-market companies are admired for their speed and agility while large companies are envied for scale. Alongside the 2019 World Economic Forum Annual Meeting in Davos, Switzerland, this year, we explored if and how companies can capture the essence of both – the entrepreneurial spirit of start-ups and the strength and relative safety of corporate giants. Is it possible to think big and act small? Agility invited business leaders at the helm of iconic organizations such as Walmart, Philips and Unilever to exchange ideas around growth, leadership and agility with disruptive start-ups and unicorns. View highlights to watch Agility CEO Tarek Sultan explain that SMEs are the way forward, will.i.am describe his ambitious new business venture and the CEO of the largest company in the world explain why he shouldn’t know everything going on in the business he leads.

Click here to watch video

Posted in Agility General Update

Agility India Hosts Second Annual Cold Chain Conference

New passive packing solution launched at event

HYDERABAD, India – February 25, 2019 – Agility, a leading global logistics provider, hosted Pharmerging Expo 2019 and Unbroken Cold Chain – Series II, a conference bringing together over 300 professionals from the supply chain industry.

The gathering, now in its second year, featured five panel discussions on key issues for the life science industry, including perishable and pharmaceutical supply chains, challenges in ocean freight and air freight transhipment hubs.

At the conference, Agility launched and showcased a co-branded passive packaging solution, Agile+, developed in collaboration with PLUSS Advanced Technologies and Tagbox. Agile+ is a shipment box for the pharmaceutical industry that can be used to move highly critical international shipments. Agile+ can keep strict temperature levels for up to 120 hours, and the box’s tracking system provides users with real-time visibility of temperature status and location.

Satish Lakkaraju, Chief Commercial Officer, Agility India, said, “The life science industry is one of Agility’s key verticals, and is particularly important to Agility India, given the large pharmaceutical market here. We wanted to focus the Unbroken Cold Chain event on how the industry can address challenges in air and ocean supply chains as it relates to the pharmaceutical industry – something the conference did successfully.”

As part of the conference, Agility also hosted Pharmerging Expo, an exhibition for the stakeholders of pharmaceutical supply chain. The exhibition had 25 booths from airlines, shipping lines and airports, giving companies the opportunity to display pharma supply chain solutions.

SGK Kishore, CEO and Chairman, GMR Hyderabad International Airport (GHIAL), said, “Both the Pharmerging Expo and the Unbroken Cold Chain – Series II gave premium pharmaceutical cargo and logistics operators the opportunity to collaborate and exhibit the latest information and tools in the growing pharma business. Hyderabad International Airport has always been a preferred destination for pharmaceuticals with more than 60% of cargo being pharma products. GHIAL, as an airport operator, is committed to working with our partners to enable a robust pharma logistics value chain using innovative technology and digital concepts. We thank Agility for organizing this event and welcome all the industry players who participated.”

The Pharmerging Expo 2019 and Unbroken Cold Chain – Series II took place January 28 – 30 at the Novotel Hyderabad Airport. Key sponsors included Emirates SkyCargo, va-Q-tec, Dallas Fort Worth International Airport, GMR Hyderabad Air Cargo & Logistics, Algor Logistics, SkyCell AG, Etihad Cargo, Qatar Airways Cargo, Controlant, Shipa Freight, Novotel Hyderabad Airport, Emball’iso and BATCO CFS.

About Agility

Agility Global Integrated Logistics is one of the world’s top freight forwarders and providers of contract logistics. It offers ocean, air and road freight, warehousing and distribution, and integrated supply chain services in more than 100 countries. Agility GIL also provides specialist solutions for capital projects, oil and gas, chemicals, and fairs and events logistics. GIL and its parent, Agility, are pioneers in emerging markets, and leaders and investors in the use of technology to enhance supply chain efficiency. Agility is a publicly traded company with $5.1 billion in annual revenue.

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

Posted in Agility General Update

Agility’s Fourth Quarter 2018 Earnings Webcast

Agility would like to invite you to join its Fourth quarter 2018 earnings webcast on Thursday February 21, 2019 at 2:00 pm (Kuwait), 6:00 am (New York) and 11:00 am (London)

Speaker:
Ehab Aziz, Group CFO

Host:
Rita Guindy, Arqaam Capital

To attend and view the webcast, please click here at least 10 minutes before the beginning of the event.

Click here to join meeting

 

In case you would like to submit your questions ahead of the scheduled webcast, please contact us at investor@agility.com.

 

Sincerely,

Investor Relations Department
Agility Public Warehousing Company

Posted in Agility General Update