CEO says ‘Intelligent companies’ will pay attention to logistics industry


John Pattullo, CEO of CEVA Logistics, described his company a “truly international combination”...

In June, CJ Group became a preferred bidder to acquire Korea Express, the nation’s largest logistics company, beating a Samsung-POSCO consortium. Amid the fierce bidding war between major Korean conglomerates, the logistics industry emerged as one of the most dynamic business sectors here.

“Intelligent companies will want to enter the industry. What is happening in Korea seems to be very logical,” he said.

According to the CEO, the global market for logistics has grown much faster than GDP in recent years, while the top 10 global companies have less than 30 percent of the market share.

Coupled with the globalization of supply chain and outsourcing trend, the CEO expected that the market will continue to see a rapid growth above GDP.