PETALING JAYA: CJ Century Logistics Holdings Bhd
will continue to focus on volume expansion, complemented by improved efficiency and cost-pricing management.
Chief executive officer Steven C H Teow said these initiatives would be key to underpinning profit growth.
“As a result of the lessons learnt, the group implemented and enhanced operational efficiency and synergies. This was achieved by seriously looking at our operations and costs to serve, while trimming any unnecessary expenses in our processes.
“Our heads of department are required to reduce all operating costs, including total wages, of their respective divisions on a yearly basis,” he said in the company’s annual report.
Teow noted that technology was a key disruptor in the logistics industry, with the constant emergence of new technologies in the entire supply chain.
“The group continues to expand in automation and digitalisation, with the enhancement of our service offerings and customer access platforms,” he said.
Meanwhile, chairman Datuk Lee Say Tshin said the board remained optimistic about CJ Century’s outlook amidst the ongoing economic uncertainties.
“Our primary growth strategy will be focused on increasing sales volume, coupled with enhanced operational efficiency and cost control to drive profitability,” said Lee in the report.
