FM Logistic India, which is one of the leading 3PL companies in the country with a presence in over 90 locations and 6 million square feet of warehousing space, has reported 58% growth in turnover in first half FY2022. Last year, despite the pandemic, the company added 10 lakh square feet of warehousing space under its operations. This amounts to a 20% growth in its footprint.
Its parent company, France-based FM Logistic aims to double its revenue to 3 billion euros by 2030 with a strategy centered on omnichannel supply chain services, urban logistics, sustainability, distribution and customer experience. The company today outlined its strategy, ‘Powering 2030’, in Pune yesterday. FM Logistic aims to become a reference partner in the field of sustainable, omnichannel supply chains. Earlier this year, the company introduced its new tagline, ‘Supply Change’ which acknowledges that supply chains must transform to foster a more responsible consumption and sustainable economy.
To achieve these objectives, FM Logistic aims to cater to the rising demand for omnichannel commerce, especially in urban centres, which is driving demand for outsourced logistics services. “FM Logistic has a comprehensive strategy to drive profitable growth. In a time of rapid change, our priority is to help our customers build sustainable omnichannel supply chains. Therefore, our 9-year plan puts customer experience and sustainability at the core of everything we do,” said FM Logistic CEO Jean-Christophe Machet.
Alexandre Amine Soufiani, MD, FM Logistic India, said: “Despite the economic turmoil caused by the pandemic, FM Logistic in India has proved its resilience. We recorded a growth of 58% in turnover during the first half of this financial year and we aim to finish the year at 35-40% growth. In our endeavour to become the reference partner in the field of sustainable omnichannel supply chains in India, we continue to carry out our expansion plans and reinforcing our offer of end-to-end supply chain services. We are focussed on developing Grade A Multi-client Facilities (MCFs), dedicated warehouses near our customers’ manufacturing centers, and modern urban logistic hubs – all interconnected with an agile and dense transportation and last mile delivery network. We continue strengthening our value added services like co-packing, automated labelling and last stage customisation for digital marketplace readiness. ”