Freight forwarder Acuity International Sdn Bhd aims to substantially increase Malaysia’s capacity to compete in the global sector which is estimated to grow at a CAGR of more than six percent in the next five years, leading to a market value of US$9.1 Trillion by 2027.
The company was founded in 2020 and it is a transportation, logistics and storage company. In its first year, the company earned about Rm300,000 and is forecasting sales of RM36 million in 2022.
Currently, the local and regional logistics and cargo markets are mostly dominated by the US, China and other East Asian countries.
In an effort to establish itself in the market, Acuity International is taking the next step by opening its intermodal container office space in Kelang, Selangor.
Vivian Chan, founder and CEO of Acuity International said that the launch of their brand into the market is important towards establishing Malaysia as a regional force with new strategies, married with technology in the logistics industry.
“This milestone is not only to celebrate our efforts but to also expand the ecosystem to forge more fruitful partnerships, bring in more job opportunities and prepare our future logisticians with the right resources which will allow the industry to better align demands in a rapidly changing technology-driven landscape,” Chan said during the event.
The grand opening was officiated by Chan, together with Andrew A/L Arokiasamy, founder of That Quick Services Sdn Bhd, and Abu Musa Fakhruddin Bin Ahmad Azlan, founder of Core Construction Enterprise.
During the event, a special offer of 200 lots of Acuity shares worth RM4 million were made to the guests, with the aim to enhance its services within the Malaysian market and create new partnerships. Customers who purchased the lots during the event were given RM 25,000 worth of export and import vouchers with Acuity International.