Daily Manager 360 – Kerry Express or KEX Announces 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.
It consists of 1. Cost reduction in rigorous expense management. 2. Reduction of senior management remuneration 3. Suspension and limitation of temporary recruitment of additional staff in all departments and 4. Closing of service points in branches with unsatisfactory performance go on schedule
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.
“Whatever hardships the current market conditions face, whether it’s inflation, 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 have 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.
