Since it was founded in 2018, Militzer & Münch Sri Lanka has seen positive development, while also facing major challenges again and again. The team looks to the future with confidence.
Located on the west coast, the port of Colombo is Sri Lanka’s biggest container port; it is considered one of the most important logistics hubs in the region. Almost 6.9 million TEUs were handled here in 2020. Militzer & Münch Sri Lanka has its headquarters in the direct vicinity of the port.
Good results despite difficult conditions
For the year 2022, the twelve-person team again records good results. Beside the Corona pandemic, the ongoing economic crisis and its political consequences also affected the activities of Militzer & Münch Sri Lanka. Fuel shortages, bottlenecks in the power supply, and skyrocketing transport costs burdened the country’s logistics sector.
“Of course, we are glad we can look back on a good year in Sri Lanka despite such adverse circumstances,” says Dilum Stembo, Managing Director of M&M Sri Lanka. “We are aware, however, that there are still challenging times ahead. We are constantly adapting to the changing circumstances so we can continue providing stable services to our customers.”
Focus on export business
In response to tighter import restrictions, Militzer & Münch Sri Lanka changed its strategy and focused on the export business. The main export goods include tea, rubber, and coconut, as well as products of the apparel industry. By concentrating on these exports, Militzer & Münch Sri Lanka was able to minimize the impact of the dollar crisis on its own activities.
To avoid a standstill during long power supply interruptions, the country unit invested in solar cells for its offices to reduce dependence on the power grid.
“We plan to increase our activities to and from New Zealand, Australia, and Southeast Asia, as well as to and from the USA and Canada. We are confident we will cope well with future challenges,” says Andreas Löwenstein, Regional Managing Director Asia / Far East at Militzer & Münch.