Panalpina, the Swiss global forwarder and logistics group, vowed to outperform market growth in air and ocean freight and logistics, achieve a “remarkable” increase in productivity and hit an operating margin of 20 percent over the next four years, the Journal of Commerce reports.
The company said it will complement its core ocean and air freight operations with supply chain services including supply chain optimization or order management, as well as valued added logistics services such as inbound to manufacturing, postponement or after market services.
“We are far more than a freight forwarder. All of these services allow us to offer our customers global and tailored end-to-end supply chain solutions,” CEO Monika Ribar told investors at a presentation of a corporate strategy outlook to 2014.
“Our sharpened focus will deliver profitable volume growth and with a set of performance initiatives we will achieve a remarkable productivity increase,” Ribar said.
The company is aiming to boost its operating profit margin to 20 percent in 2014 from an adjusted 14 percent in 2010.
Panalpina will increase its in-house logistics capabilities but the focus will be on value added services rather than running stand-alone warehouses, said Mike Wilson, Global Head of Logistics.
The company said globalization, the continuing trend toward outsourcing and the increasing market penetration of forwarders are the key drivers of growth.
The company expects average market volume growth of five percent percent annually for air freight, seven percent for ocean freight and five percent for logistics for 2011-2014
“It is our clear goal to outperform market growth,” said Marco Gadola, Chief Financial Officer. “This will mainly be achieved through organic growth, but acquisitions remain a viable option.”
Panalipina will focus its ocean and air freight services on trade lanes linking Asia to the “old” economies as well as with emerging markets, especially the intra-Asia trades.
The company said it will complement its core ocean and air freight operations with supply chain services including supply chain optimization or order management, as well as valued added logistics services such as inbound to manufacturing, postponement or after market services.
“We are far more than a freight forwarder. All of these services allow us to offer our customers global and tailored end-to-end supply chain solutions,” CEO Monika Ribar told investors at a presentation of a corporate strategy outlook to 2014.
“Our sharpened focus will deliver profitable volume growth and with a set of performance initiatives we will achieve a remarkable productivity increase,” Ribar said.
The company is aiming to boost its operating profit margin to 20 percent in 2014 from an adjusted 14 percent in 2010.
Panalpina will increase its in-house logistics capabilities but the focus will be on value added services rather than running stand-alone warehouses, said Mike Wilson, Global Head of Logistics.
The company said globalization, the continuing trend toward outsourcing and the increasing market penetration of forwarders are the key drivers of growth.
The company expects average market volume growth of five percent percent annually for air freight, seven percent for ocean freight and five percent for logistics for 2011-2014
“It is our clear goal to outperform market growth,” said Marco Gadola, Chief Financial Officer. “This will mainly be achieved through organic growth, but acquisitions remain a viable option.”
Panalipina will focus its ocean and air freight services on trade lanes linking Asia to the “old” economies as well as with emerging markets, especially the intra-Asia trades.