Arab Finance: During her speech at the sixth annual Hapi Conference, Abir Leheta, CEO of Egyptian Transport and Commercial Services Company (Egytrans), stated that logistic services represent between 30% and 35% of the total cost of the product.

Logistics has a significant contribution to inflation and any reduction in logistics costs will reduce overall product costs, she explained.

The CEO also noted that higher expenses might be driven by the inefficiency of some logistics practices and the organization of the transportation sector.

She elaborated that 30% of all vehicles on the road are empty, which raises operating costs.  This mainly affects goods, which contributes to the exacerbation of inflation due to the waste of valuable resources.

Leheta added that the situation can be enhanced through better organization and the deployment of advanced technology tools, which can boost efficiency and sustainability, and reduce transportation costs. 

Egytrans is an Egypt-based company engaged in international sea, air, and land transportation services. The company offers a wide range of services such as sea freight and air freight, trucking, customs clearance, warehousing, project logistics and specialized transportation.

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