INTEGRATED LOGISTICS BUSINESS Market review The logistics landscape remained challenging in 2015 with weaker global appetite in certain sectors, particularly the Oil & Gas project logistics sector. Our integrated logistics arm, MISC Integrated Logistics (MILS), EXPERIENCED weaker performance on the project logistics front as a result of a slowdown in global projects. This was made worse by competitive pricing among logistics players. MILS’ performance was sustained by the encouraging contribution of the supply chain management business, which is characterised by recurring and term contracts. president/ceo’s report BUSINESS AND OPERATIONS REVIEW REDISCOVER I REBUILD I SUSTAIN 68
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