Giant to couple procucts to support SVEs
SEPANG, MALAYSIA, 2016-Feb-25 — /EPR Retail News/ — The owner of hypermarket chain Giant hopes to double the number of home-grown suppliers to support the growth Malaysian small-medium enterprises (SMEs).
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainuddin said 15% of products sold by Giant, which is owned by GCH Retail Sdn Bhd, are from homegrown SMEs.
“Currently, 15% of GCH Retail’s products are from Malaysian SMEs and in a discussion with them several months back, I asked if this number could be increased to 20% by this year
‘They have agreed and we also hope by 2020, at least 30% of their products are by local SMEs. “A few years ago, the number was only 7% but they have done well to reach 15%. ‘This is in support of Malaysia’s aim to become a high-income nation by 2020,” said Hamzah, after launching the GCH Retail’s new distribution centre here yesterday.
Hamzah, however, said increasing the participation of local SMEs would not be straight-forward as they had to adhere to the stand-ards set by GCH Retail
“GCH Retail told me they have their own set of standards and criteria for products. I am confident that if any SMEs can market their products with GCH Retail, it is of high quality as the products are also marketed in their overseas stores in Singapore and Cambodia.
Hamzah also urged local SMEs to visit GCH Retail’s new distribution centre to learn a thing or two about supply chains and logistics.
Located in Bandar Baru Salak Tinggi, the new distribution centre is in fact an extension to an existing 450,000sq ft facility which was completed in 2010.
The new 155,000sq ft building will house a bonded warehouse of local produce for export to Singapore and Cambodia.
GCH Retail regional director for Malaysia and Brunei Datuk Tim Ashdown said the new facility will allow the centre to hanxdle more than two million cases per week.
“Having this facility that comes with the latest technology, we manage to reduce logis-tic costs for our suppliers, a result of the accelerated turnaround time of delivery truck to the warehouse by as much as 50%,” he said.
Giant Hypermarket Shah Alam Stadium,
Lot 2, Persiaran Sukan, Seksyen 13,
40100 Shah Alam,
Selangor Darul Ehsan,
Phone Number +603-5544 8888
Fax +603-5544 8646