TLKM - E-logistic arm reports surge in customers

TLKM - E-logistic arm reports surge in customers A logistic digital arm of Telekomunikasi Indonesia (TLKM) has reported significant growth of customers on logistic fleet by nearly 300% yoy. This also includes logistic truck uses that jumped 150% yoy. In addition, the company also saw a bump in distributors in Logee by over 160%. In overall, the number of logistic service customers skyrocketed 780% yoy. Excellent performance in customer growth was attributed by competitive pricing of ods procurement. The company has partnered with other SOE banks including BBRI, and BMRI for supply chain financing. (Source : Bisnis Indonesia, Company, KBVS) Comments : Logee platform is part of Leap, an umbrella for digital business brand, aiming at improving efficiency for logistics. Under Leap, the company aspires to develop digital, which includes in five bold moves under DigiCo. However, it seems that it might take awhile for company to spin-off their digital arm given its small size. Meanwhile, e-logistic biz should provide an ample room for growth that coincide with vernment's effort to push efficiencies for logistics.