Allcargo Group has given the global PR mandate to FTI Consulting.
FTI spokesperson said that FTI Consulting has been selected by the Antwerp-headquartered ECU Worldwide, a global logistics and supply chain player that is a subsidiary of AllCargo Logistics, to provide strategic communications counsel and support in Asia, Europe and the Americas.
The mandate does not include PR for India which is run by a separate agency.
FTI spokesperson further clarified that, "The engagement will be co-led by FTI Consulting’s Mumbai and Brussels office, with extended support from teams in Asia and the US. A global team of FTI consultants, led by Amrit Singh Deo (Senior Managing Director, Mumbai) and Simon Dibb (Senior Advisor, Brussels), will work closely with Arijit De, global communications head of All Cargo Group, to build ECU Worldwide’s reputation as a global logistics player and business leader."
Speaking to PRmoment India Arijit De, global communications head, Allcargo group said, "As we jump onto our next phase of growth, there is a need to communicate to a wider set of global stakeholders. We wanted to ensure we have the right capabilities and a global team to support us – this is where FTI Consulting comes in. We also liked in FTI the combination of understanding of financial markets and industry expertise in logistics and supply chain."
Commenting on the development Amrit Singh Deo, senior managing director, FTI Consulting stated that," Global supply chains are evolving rapidly – players are consolidating, trade lines are being disrupted and technology transformation is altering the playing field. There are large companies in the sector and disruptive tech start-ups with outsized valuations. These are Goliaths compared to the agile, neutral Davids in the middle of the market. It’s a good story waiting to be told."
Earlier media reports in India said the Allcargo group was planning a global listing, but this could not be confirmed.