SHAH ALAM (Aug 22): Logistics and warehousing company Tasco Bhd is well prepared for the impending effects, both negatively or positively, of the US-China trade war, said its group managing director Freddie Lim Jew Kiat.

“We are prepared if the volume suddenly comes in. In the event that there is a surge, we are prepared to cater for the surge. But if there is a drop, we are also able to cushion the loss because we do not run all our businesses by ourselves. We have partners who we can cut off to reduce our loss,” he told theedgemarkets.com after the group’s annual general meeting today.

“We should be able to react, not very quickly but at least we can react in a way that we can cushion off all these things (negative impact),” Lim added.  

However, Lim pointed out that Tasco has not felt the disruption on its business due to the trade war.

“Looking into our performance, as for the revenue side, we are not much affected. So whether it is up or down, it looks like we are not affected. A lot of people are saying that this trade war has given more opportunity for us, but as for now we don’t really feel it yet,” he said.

“We are lucky because we have a combination of both domestic and international business segment. So, all our pillars are supporting each other,” Lim explained, maintaining that Tasco remains cautious with regards to the trade war.

Moving forward, Lim said that Tasco is currently working to come up with a solution that will merge its international and domestic business segment, to offer a holistic service to its clients.

“The opportunity now is more for regional and global, no longer just strictly for the Malaysia market, or just segmental market.

“For both air and sea, plus domestic together, we can actually offer a very good platform for any customer who wants to export and even to import. We are trying to create a solution for both international and domestic customers,” he added, without revealing much of his plans.

He said Tasco will launch the new platform by mid-2020.