The report highlights shifting trade patterns and ongoing market volatility, impacting Malaysia and Penang.
18 Nov 2024
The report highlights shifting trade patterns and ongoing market volatility, impacting Malaysia and Penang. Vietnam’s rising share of US imports presents competition but also opportunities for regional ports like Penang to capture transshipment traffic. Freight rate instability and declining cargo demand may challenge Malaysian exporters and importers. Professional logisticians can assist by optimizing supply chains, negotiating competitive freight rates, and leveraging Malaysia’s strategic port positions to stay competitive amidst these changes.