Logistics expenditure consumes as much as 24% of Indonesia’s GDP, which is considerably higher than the remaining three most populated countries in the world, which average only 10% of GDP. In comparison, China’s logistics costs amount to 12% of its US$12 trillion GDP, India’s logistics amount to 14% of its $2.6 trillion GDP and the United States’ logistics costs amount to 8% of its $19 trillion GDP as we enter 2020. With Indonesia’s growing need for efficient and reliable logistics, SaaS-based (software as a service) warehousing and trucking platform Waresix invites warehouse and truck owners to join its marketplace to be connected with business-to-business (B2B) suppliers.
“Our value proposition is for both the warehouse and truck owners, as well as the suppliers registered on our platform to increase their asset utilization, efficiency, and cost reduction. Furthermore, our large logistics network is one of the biggest in the country,” says Andree Susanto, co-founder and CEO of Waresix.
Founded in September 2017, Waresix’s clients consist mostly of industrial, construction, and fast-moving consumer goods (FMCG) companies, with 80% of the company’s revenue coming from these three sectors. As of now, 99% of Waresix’s clients are both B2B suppliers and B2B warehouse providers. Furthermore, the company’s biggest clients are high-profile corporations such as Unilever and Siam Cement Group (SCG).
This story is from the March 2020 edition of Forbes Indonesia.
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This story is from the March 2020 edition of Forbes Indonesia.
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