Dubai’s Aramex splits business; announces key appointments

dubai, aramex, business, appointments, company,
UAE
  • Date: 08-Sep-2021
  • Source: Zawya
  • Sector: Transport
  • Country: UAE
  • Share:

Dubai’s Aramex splits business; announces key appointments

Dubai-listed logistics firm Aramex will split its core business in two, to stay ahead of competition in the changing industry, , the company announced on Tuesday. The company has created Aramex Express to handle the business-to-consumer (B2C) operations,  and Aramex Logistics to serve the business-to-business (B2B) segment, the company said in a statement to Dubai Financial Market (DFM).
Key appointments have also been announced as a result of the restructuring. CEO Othman Aljeda said the company will be targeting “aggressive growth” in its logistic businesses.
“The global transportation and logistics industry is undergoing a fundamental shift, driven predominantly by the boom in e-commerce, supply chain disruptions, customers’ increasingly discerning expectations and the turbo speed of digitization,” said Aljeda “For Aramex to stay ahead of the curve and remain a competitive, reliable and sustainably growing industry leader, we decided to focus on capturing growth opportunities by decoupling our core services.”