Japan's top delivery service operator, Yamato Holdings, is aggressively pursuing overseas expansion, especially in India. The firm is seeking to triple its sales abroad, targeting around 150 billion yen ($1 billion) for the fiscal year through March 31, 2025. The company's strategy involves setting up logistics hubs in major Indian cities and engaging in mergers and acquisitions (M&A) to strengthen its operational prowess.
India Expansion: Yamato has established logistics facilities in Manesar, Bengaluru, and Ahmedabad as its initial operating presence in India. These facilities will serve to facilitate just-in-time delivery service of manufacturing parts as well as further supply chain optimization for clients.
M&A Focus: The company aims to drive growth in its international business segment through M&A opportunities. The drive is centered on enhancing its logistics strength and increasing its market position in strategic regions.
Market Growth Potential: With the rising demand for logistics services being driven by the booming auto industry in India, Yamato is poised to take advantage of this growth. The company plans to offer complete logistics solutions that comprise warehousing, transportation, and delivery services adapted to the requirement of local manufacturers.
Sustainability Initiatives: Yamato also has a goal of minimizing environmental footprint by optimized logistics operations. Merging sustainable practices in their supply chain management will be one of their main priorities when they expand their operations globally.
Future Outlook: Through strengthening its logistics network and strategic acquisitions, Yamato hopes not only to grow revenues but also optimize overall efficiency and customer satisfaction in its operations throughout Asia.
This ambitious expansion plan reflects Yamato's commitment to strengthening its position as a global leader in the logistics industry while adapting to the evolving market landscape.
Source: coolingindia.in, co, asia.nikkei, pub16ajm4, Yamato Transport co.