JWD is confident of strong performance in the second half of the year. Show progress in expanding investment as planned, pushing revenue to reach 10 billion baht in ’68, raising the DNA “Think Everything Logistics” to reinforce the business concept
Mr. Chawanin Bunditkitsada, Chief Executive Officer and Chief Executive Officer of JWD
InfoLogistics Public Company Limited (JWD) is an ASEAN-level logistics and supply chain specialist. confident that the company The second half of this year’s performance will continue to grow strongly. Overall performance from July to the present is at a satisfactory level. In particular, last August saw a clear recovery in the automotive deposit and management business compared to the second quarter, as it received logistics services for electric vehicle (EV Car) manufacturers, which had a positive effect on revenue. and the gross profit of the said business
The Barge Terminal business was able to fully serve its customers and the average monthly workload was higher than the first half of the year. After the renovation of the machinery has been completed
For the warehouse business, such as general warehouses within the Laem Chabang Port Free Zone. At present, the occupancy rate is full. And dangerous warehouses are expected to earn higher than the first half of this year.
At the same time, the company also recognizes revenue from new cold storage warehouses that are gradually opened for service, namely PACM cold storage warehouse jointly invested with MMP International Co., Ltd. with a total area of 10,800 square meters, can store 20,000 pallets of goods. At present, the occupancy rate is full following only 3-4 months of service and PACS cold storage warehouse in Saraburi province. opened for service on the 8th of the 8th month
In the past, it has a total area of 8,000 square meters and can store more than 11,000 pallets of goods by installing an Automated Storage & Retrieval System (ASRS) to store and manage products. help reduce labor increase
Private storage room for rent business (Self-Storage)
In the process of planning to expand investment with Central Pattana Plc. which is a partner and Fuze Post (Fuze Post), a temperature-controlled express delivery business that the Company Joint venture with Thailand Post and Flash Express, expecting to increase revenue continuously.
In addition, overseas businesses such as food service businesses in Taiwan are able to continue making profits this year, Cambodia businesses are expected to recognize more revenue from land sales in industrial estates, etc.
Currently the company In the process of negotiating business, it is expected that there will be an opportunity to close the deal within the last quarter of this year. At the same time, plans were made to deal with the impact of high oil prices. The first phase will invest 10 transport vehicles that use fuel from electricity in the first phase.
However, the company There is a condition to increase transportation costs with trading partners in case of higher oil prices in the market. As for the minimum wage increase policy, it is expected that there will not be much impact. Because the company Paying wages higher than the new minimum wage Therefore, it is confident that this year’s revenue will be at least 6 billion baht, growing regarding 15% from the previous year as the target.
Executive Chairman and Chief Executive Officer JWD also clarified the business expansion plan under the 5-year strategic plan (year 2021-2025) aiming to reach the target of income of not less than 10 billion baht, more than double growth. and increase the net profit margin to 15%. Currently, there is progress as planned under 5 main strategies:
(1) Acquisition and expansion of freight forwarding business to become a multimodal transportation logistics service provider or multimodal transportation such as the acquisition of VNS Transport Company Limited (VNS) in the past year.
(2) Expansion of cold storage warehouse business in potential provinces
(3) Overseas business expansion focusing on Vietnam Cambodia and Indonesia with high growth potential
(4) Expansion of B2C (Business to Customer) business, including personal storage room business for rent, order fulfillment business (online warehouse management) to meet the expansion of e-commerce and social commerce businesses. and the expansion of Last mile Delivery business to provide delivery service from warehouse to destination.
(5) Business expansion through joint ventures, i.e. joint ventures with Origin Property Plc. Established a joint venture company “Alpha Industrial Solutions” to expand the integrated industrial real estate business. At present, they have jointly developed a cold storage warehouse and general warehouse with temperature control system in Bangna km.22 area and plan to expand investment in 2 new projects in Bangna km.19 and Rangsit areas.
Mr. Chawanin views that in the next 1-3 years, logistics and supply chain businesses will compete on the variety of services and ability to control costs. Therefore, the company will continue to expand its business and investment in technology to upgrade JWD to “Smart Green Logistics”, such as investing in robotics in warehouse and cold storage business to reduce the addition of new workers, investment in IT solutions. To manage supply chain information, invest in energy-saving and environmentally friendly technologies.
from continuous growth in the past It underscores the potential for rapid adaptation to various factors and constant business development and continuous new services. especially business that is a growing trend Dare to do new things, in line with the company’s DNA ‘Think Everything Logistics’, which means that every breath of employees is logistics. under the new slogan ‘Because logistics is not just thinking. But it’s our life.”
