Daily Manager 360 – Kerry Express or KEX announces proactive plan With the LEAN concept, the program is adapted to the job. Including investment plans to accelerate the development of operational efficiencies in many areas to support growth Gain more market share and grow your business during the economic recovery.
In 2022, KEX started using an aggressive pricing strategy. to maintain market leadership And as it enters this year 2023, the company focuses on developing its potential by reducing internal operating costs. Thus, the concept of LEAN programs is applied.
It consists of 1. Cost reduction in strict management of expenses. 2. Reduction of executive remuneration 3. Suspension and limitation of fixed-term hiring of additional staff in all functions and 4. Continue the closure of service points in branches with unsatisfactory performance on schedule
KEX is also accelerating investments in the acquisition of machines, equipment and systems that will further automate many aspects of work processes. In this second quarter, the company has acquired technology and industrial know-how from affiliates such as SF Holding (002352.SZ ) in China and Kerry Logistics Network (0636.HK) in Hong Kong.
“Whatever difficulties current market conditions face, whether it be inflation, rising oil prices, labor shortages or uncertainty in the economy. As a highly responsible market leader, we must always look ahead to find ways to help us improve our cost-efficiency including staff ability to work as well as creativity We have therefore decided to launch the LEAN program in the first week of 2023 to demonstrate our commitment to develop the organization from within and bring the situation back to profitability.
At the same time, the company has accelerated investment by purchasing machinery, plant and equipment, that 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 industry expertise.
