Brunei freight and logistics market was worth US$157.25 million in 2017

The Brunei Freight & Logistics Market Study - Market Trends, Analysis & Forecasts to 2023 report by Mordor Intelligence has been added to ResearchAndMarkets.com's offering.

The Brunei freight and logistics market was worth US$157.25 million in 2017 with its biggest opportunity in the multi-trillion dollar halal industry. Mordor Intelligence says that the country maintains a pristine image and is looked upon by the Islamic world as a centre of Islamic culture.

The strategic location of Brunei for China and its synergies with the Belt and Road project, open up immense opportunities for the halal certification industry in Brunei. The connections of China with Middle Eastern and Central Asian countries which are being established through the Belt and Road initiative, open up immense opportunities for Brunei. Coupled with oil and gas reserves, Chinese government see a lot of opportunities in Brunei and has been ramping up investments in the country. The Guangxi-Brunei Economic Corridor was set up to tap the halal trade in 2014. A bio-innovation zone is being developed and augmented post this partnership.

The Brunei Halal brand was a first-mover concept, the consultancy added. Kerry Logistics and the government of Brunei partnered to build Brunei Halal internationally, and provide a range of products and services under the brand umbrella. 

According to Mordor, investments in land transport infrastructure and services remain crucial for Brunei’s future economic and social development. At the same time, the country faces various  challenges, such as congestion, journey time delay, and pollution. Additionally, concerns over road safety are increasing.

The market could receive a boost from infrastructure expansion. Two sites, in Kampong Long Mayan and Kampong Binturan have been identified as possibilities for a second international airport. Muara Port plans to extend the container wharf to serve as a second container berth to a total quay length of 400 m.

Customs tax reduction for several items will also impact the industry. The machinery and industrial equipment that utilise electricity will see reduction from 20% to 5% and heavy vehicles will see a reduction from 20% to 5%.

Companies mentioned in the report include:

Archipelago
Ceva
DB Schenker
DHL
Kerry Logistics
Yusen Logistics

Explore:

Buy the Brunei Freight & Logistics Market Study - Market Trends, Analysis & Forecasts to 2023 report (March 2018)

Brunei boot camp aims to help SMEs go digital

DHgate, the APEC Business Advisory Council (ABAC) China, and ABAC Brunei have launched the Asia Pacific Economic Cooperation Cross-Border E-commerce Training (APEC CBET) boot camp in Brunei to cultivate more talent in the cross-border e-commerce industry while upgrading industry standards for training.

According to the APEC CBET website, 60 to 80% of e-commerce exporters survive their first year in business compared with a 30% to 50% survival rate for traditional businesses. Additionally, as many as 40 different economies can be reached on average by e-commerce export firms, compared with traditional exporters who reach an average of three to four economies.

The APEC CBET boot camp is an upgraded version of the APEC CBET capacity building programme, and is designed to help small and medium sized enterprises (SMEs) in the ASEAN region to migrate to a cross-border e-commerce centric business model. The boot camp will be funded and provided by the government of Brunei. DHgate, a B2B transactional cross-border e-commerce marketplace in China, will provide mentors and professional resources to transform Brunei into the centre of e-commerce in the ASEAN region. China, as the specialist in global digital trade, and DHgate, as the cross-border e-commerce specialist, aim to share best practices through online and offline training with ASEAN SMEs.

According to the three organisations, SMEs are not aware of available digital platforms and technologies, nor do they have the skills to correctly utilise them. These factors prevent SMEs from upgrading their business model. The boot camp will identify the unique needs of local businesses and provide localised classes. It will focus on:

1. The transition in mindset of SME owners and operators from a traditional business to a digital business.
2. The involvement and participation of decision makers and employees to acquire the skills and professional knowledge to run and operate a business with a digital model.

3. To integrate and transform the existing business model through both online and offline trade with the support of digital trade platforms.


The camp will start off as a one-day class and in late 2017 be upgraded to a three-month class. In addition to classroom training, the boot camp will also provide students with both online and offline hands-on experience and guidance. A special zone on DHgate.com will be launched for mentors and students to engage in online discussion.

At the end of every three-month class cycle, DHgate and ABAC Brunei will select star students and provide them with a series of entrepreneurship incubation resources, including startup capital, offices
and opportunities for partnerships and community relations. The goal is to transform them into role models for SMEs in the ASEAN region.

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