Kevin Zhang is accelerating the expansion of his Singapore-headquartered logistics startup Inteluck across Southeast Asia, having established a foothold in the Philippines in the past eight years.
Originally from China, Zhang started his tech-driven logistics company back in 2014 after traveling to the Philippines to evaluate an investment opportunity his family was considering. While his family didn’t pursue the investment, Zhang saw a business opportunity in the archipelago’s fragmented logistics industry.
Today, he is among this year's Forbes 30 Under 30 Asia honorees in the Industry, Manufacturing & Energy category who are using technology to improve various industries, including the logistics and supply chain sector, which has been booming during the Covid-19 online-ordering surge.
Inteluck initially provided solutions to help logistics companies track their fleet of vehicles. It later started supplying refrigerated trucks to deliver cakes for Filipino bakery Goldilocks. Today, it helps its Philippine customers book delivery trucks on demand from third-party logistics providers registered on Inteluck’s digital platform. Clients include Coca-Cola, Nestle and billionaire Lucio Tan’s Asia Brewery.
According to Zhang, Inteluck expects revenue to more than triple to as much as $70 million this year from $20 million in 2021, bolstered by contributions from the Philippines and Thailand–a new market which the company entered last year. “We want to be the biggest...
Read Full Story: https://www.forbes.com/sites/johnkang/2022/05/25/the-30-under-30-asia-2022-entrepreneurs-transforming-the-booming-logistics-industry/
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