BUSINESS

LAMBO GROUP COLLABORATES WITH PRESTOMALL TO PROVIDE LAST-MILE LOGISTICS

27/05/2020 07:15 PM

KUALA LUMPUR, May 27 -- Lambo Group Bhd’s wholly-owned subsidiary, Lambomove Sdn Bhd has entered into a collaboration agreement (CA) with Presto Mall Sdn Bhd (PMSB) to provide last-mile logistics.

In a statement today, Lambo Group said under the CA, PMSB will be engaging LamboMove as one of the fulfillment agents for the last-mile delivery, in line with PMSB’s direction to expand its business in e-commerce, food and parcel delivery.

 Lambo Group executive director Calvin Koo Kien Yoon said with more consumers shopping from home during the COVID-19 pandemic, PrestoMall is expanding its needs for last-mile delivery services.

“We are looking forward to working with PrestoMall to ensure that Malaysians continue to experience seamless online ordering and smooth delivery process,” he said.

Koo said the limited mobilities due to the movement control order have caused many local businesses struggling to find a sustainable way to deliver orders to their customers in a safe and timely manner.

“The application of technology is imperative to make a smooth delivery process possible where the group has developed an artificial intelligence technology to sort out the shortest route, and the fastest delivery time to optimise the delivery process.

“This will ensure local deliveries can be fulfilled within the same day and satisfy the demand from door to door,” he said. 

The company added that the agreement execution is not expected to have a material effect on the earnings, net assets and gearing of Lambo Group’s current financial period ending 31 May 2020, but will expect positive contribution on its earnings in the future should the collaboration be finalised and commercialised.

-- BERNAMA

 

 


 


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