VIDEO: DHL Express exec says now is the perfect time to invest
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Ken Allen, member of the board of management at Deutsche Post AG, Division Express, says that the logistics industry and wider UAE economy is seeing stronger growth now than it has in 20 years.
Speaking at the opening of DHL Express’ new Terminal 2 facility at Dubai Airport, Allen told delegates that he believes the regional economy has never been riper for growth.
“What we hear in the media a lot is information that generally paints a rather grim picture, but I believe that the world is in a better position now than it has been in over 20 years,” he said. “Stock markets are at record highs, trade is growing and there is demand for our business.”
Allen, who was part of the team that established DHL in the Middle East with its UAE hub in the 1980s, added demand from consumers was pushing a second wave of growth for the company, which has traditionally relied on B2B.
“This facility has been built for our customers of course, and while that traditional B2B demand is still growing, there is also a global and especially local phenomenon of e-commerce, which is fantastic for our business and anyone involved in trade,” he said.
Allen added that the digital revolution of the past decade or so had fundamentally changed the dynamics of entrepreneurship.
“For the first time in history anyone in the world can be connected to everyone else in the world,” he said. “In theory, if you have access to broadband or a 3G connection via mobile, you can set up shop and be doing business with anyone in the world virtually overnight.”
“We see this growth around the world and that B2C business is going to drive a second wave of demand that we’re now preparing for [with this terminal expansion],” he said.
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