Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 13

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 13
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 action or strike by our labor force beyond our control may also cause temporary or prolonged disruption
to our business operation.

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  Table of Contents  

The logistics industry in which
we operate is highly fragmented and competitive, and there can be no assurance that we can compete successfully for customers in the
future.

There are a number
of players in the logistics industry, ranging from air freight carriers, freight forwarders, and other integrated logistics companies.
We face intense competition from other players in the logistics industry, with pricing, route networks, and service offerings being the
key differentiators. Furthermore, the logistics industry and freight forwarding business is highly fragmented and competitive due to
the presence of numerous small to medium-sized players. Also, major air freight carriers have established their own subsidiaries to provide
freight forwarding and logistics services, which increase the level of competition. Our customer base and market share may be negatively
impacted by the intense competition, and we may not be able to compete effectively with our competitors if we cannot maintain or gain
sufficient market presence or differentiate ourselves from them. For instance, our competitors may form alliances with international
transportation or logistics service providers, enabling them to leverage extensive distribution networks, resources, and technologies
that may not be available to us.

As a result, we may
not be able to compete successfully with our existing or potential competitors. If we fail to source cargo space from our suppliers at
a favorable price, we may have to adopt a more competitive pricing strategy by lowering our profit margin to maintain our customer base
and market share. We may also have to adjust our profit margin and adopt a more competitive pricing strategy in order to maintain our
position in the market. However, there can be no assurance that we can compete successfully over other industry platers for customers
in the future. If we are unable to maintain our customer base, our business could be adversely affected.

Uncertainties relating to the growth
and profitability of the e-commerce industry could adversely affect our revenues and business prospects.

As an e-commerce logistics
services provider, we are dependent on customers operating e-commerce platforms or e-commerce merchants. The long-term viability and
prospects of various e-commerce business models remain relatively untested. The future results of operations of the e-commerce platforms
will depend on numerous factors affecting the development of the e-commerce industry, which may be beyond our control, such as (i) the
trust and confidence level of e-commerce consumers, as well as changes in customer demographics and