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Friday, March 29, 2024

Kerry Express announced a proactive plan for the year 2023 with a LEAN concept, a program to increase efficiency in reducing costs.

Kerry Express (Thailand) Public Company Limited or KEX, the leader in express parcel delivery business throughout Thailand. Announcement of a proactive plan With the LEAN concept, the program comes to be adapted to work. Including investment plans to accelerate the development of operational efficiency in many areas to support growth Gain more market share and expand your business during economic recovery.

In 2022, KEX started using an aggressive pricing strategy. to maintain leadership in the market And when entering this year 2023, the company focuses on developing its own potential while reducing internal operating costs. Therefore, the concept of LEAN programs is applied, which consists of

  1. Cost Reduction in Rigorous Expense Management And cancel the use of resources that are not worth it.
  2. Reduction of senior management compensation
  3. Suspension and temporary limitation of additional staff in all departments
  4. Closure of service points in branches whose performance is not as scheduled

KEX is also accelerating investment in acquiring machines, equipment and systems that will further automate many aspects of work processes. This second quarter, the company has acquired technology and industry know-how from affiliates such as SF Holding (002352.SZ) in China and Kerry Logistics Network (0636.HK) in Hong Kong.

Mr. Alex Ng, Chief Executive Officer of Kerry Express (Thailand) Public Company Limited rising oil prices labor shortage or uncertainty in the economy As a highly responsible market leader We must always look forward to finding ways to help us improve our cost efficiency. including the ability to work of personnel as well as creativity We therefore decided to launch the LEAN program in the first week of 2023 to demonstrate our commitment to developing the organization from within and turning the situation back into profitability.”

At the same time, the company has accelerated investment by procuring machinery, systems and equipment, which this investment will reduce costs immediately. Including improving our parcel delivery operations to the next level. We have received a lot of knowledge and inspiration from SF Express and KLN, especially in terms of technology and expertise in the industry.

We will also delay business development in other areas. that is in addition to our core business For employees to fully commit to such plans and to the best of their ability, all of this is not easy. But we are convinced that this is a step in the right direction. We expect to turn profitable again and eventually bring KEX to the next level of success.”

It is well known that Kerry Express has the ability to adapt to change. We don’t think success has a fixed formula. But success always comes from self-improvement. relentlessly

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