In any business climate, change is the only constant. Consumer buying patterns change, new trends emerge, nature of competition changes, impact of geopolitical influences businesses and how they behave in the market. As the decades have folded by, the same is true for today. However, the complexity and pace of the aforementioned changes have increased at an exponential level. These changes challenge the very core of how we do business, companies that adapt well in time are rewarded and those that do not are naturally selected for extinction.
The need for agile businesses is becoming the order of the day. If you were to check the strategic plan of many companies at the beginning of the year, I am sure that most of them would not have had an aggressive plan on how to face a global pandemic of the nature that the world is facing today. As the events unfold, the business world is grappling with how to come out of this with minimum impact to their businesses and employees. The most agile companies that can adapt quickly will survive these testing times.
The importance of having an agile supply chain has become a key component for all companies that are in the business of getting a product across to its customers. The need for a well-integrated and agile supply chain has become the call for the times.
Sri Lanka has been the center of trade between East and West from ancient times with the silk route and continues to play a key role in this even today due to its key strategic location in terms of trade between East and West.
With the degree of connectivity, it enjoys for both sea freight as well as Air Freight and the capacity puts Sri Lanka in competition with any other regional port. Sri Lanka also boasts more than 100 flights per week to India which is the largest market in the region. The infrastructure that is in place in terms of the ports and having the only deep-water terminal in South Asia that is capable of handling the largest vessels provides Sri Lanka with an added advantage over its competitors in the region.
Whether you are a company that is sourcing its products from or having its market in the South Asian region, Sri Lanka can play the role of a strategic hub for all your logistics requirements.
Established in 2013, EFL Global Freeport (Pvt) Ltd, is the first private company to start Freeport operations in Sri Lanka, under the Financial Act 12 of 2012 with subsequent amendments by Finance Act 12 of 2013 and further amended in 2019.
EFL Global Freeport is based in Katunayake Free Trade Zone which is 1km from the Bandaranaike International airport and a 30-minute drive from the Colombo port on the E02 expressway. Boasting of 240,000Sqft in area the Freeport Hub is equipped with state-of-the-art facilities along with a Tier 1 Warehouse Management System (WMS) Highjump to provide a seamless service.
Customers can import cargo into EFL Global Freeport free of duty and taxes, keep in storage, and re-export cargo to any country as per their requirement with no involvement of customs. Services offered via the hub is as follows;