31.6 C
Vientiane
Sunday, June 8, 2025
spot_img
Home Blog Page 2955

CFO Survey: China set to lead global post-pandemic recovery in 2021

Digital transformation, talent retention and development the top priorities for capturing new opportunities

 

HONG KONG SAR – Media OutReach – 14 April 2021 – China CFOs see China as a key growth driver in the post-pandemic world and have an increasingly optimistic economic outlook, although concerns about a slow overseas rebound and geopolitical tensions remain. Business transformation has emerged as a priority, and CFOs plan to invest more in digital and talent to capture growth opportunities on the horizon in 2021. This is according to the latest CFO Survey from Deloitte China‘s CFO Program.

“All eyes are on Asia as the global economy works to overcome the turmoil of the past year. Among the CFOs surveyed, a massive 85% picked the Chinese Mainland as one of three regions that will command the most post-pandemic growth. Because it was the first economy in the world to reopen and its widespread adoption of digital ways of doing business, China is well positioned to lead in the coming year,” says Deloitte China CXO Program National Managing Partner Norman Sze.

Many other countries in the region have also made substantial progress in containing the spread of COVID-19 and resuming economic activity, which led 63% of respondents to pick Rest of Asia as a growth hotspot.

Half of CFOs are more optimistic about the economy than they were six months ago, with 81% believing it will improve in 2021 and 89% expecting their businesses to perform better over the coming year. The relative containment of COVID-19 in Asia, global rollout of vaccinations and rising consumer demand in western economies for Asian exports have created the conditions for optimism.

“A new year means new perspectives and priorities. As the world begins to rebound from the uncertainties of 2020, CFOs need to make concrete decisions about how to position their firms for the future. Opportunities are indeed emerging, but not without uncertainty and challenges,” says Deloitte China CFO Program National Managing Partner William Chou.

About three in five respondents are most concerned about the post-COVID recovery and two-fifths are primarily apprehensive about geopolitical issues. Strengthening risk assessments and controls (60%), accurately modelling cash flows (55%) and effectively monitoring and managing receivables (53%) are the main areas in which CFOs plan to address these challenges.

CFOs also see a correlation between investing in technology and realizing growth opportunities, with digital transformation (58%) and talent retention and development (45%) the top two priorities for capturing growth opportunities in 2021.

In terms of digital technology, automation (53%) and IT resources (45%) will be the top investment targets. Investments in workforce enablement, which was a priority in 2021 amid the impact of the pandemic, will likely shift to AI, an area in which 40% of CFOs are now prioritizing investment, up from 19% last year.

With the pandemic and technology rapidly altering how we live and do business, over 70% said they will undergo a business transformation in the coming 6-12 months to increase their resilience. This has implications for workforces, with 82% of CFOs expecting to acquire or develop talent with different skillsets from their current mix of abilities.

The Deloitte China CFO Survey gauges sentiment in China’s CFO community and gathers insights into the priorities of Chinese companies. Conducted in February, the Q1 2021 edition reflects the views of CFOs and senior finance practitioners from companies of a range of sectors and sizes. Download the full report here.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organization”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 330,000 people make an impact that matters at www.deloitte.com.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

The Deloitte brand entered the China market in 1917 with the opening of an office in Shanghai. Today, Deloitte China delivers a comprehensive range of audit & assurance, consulting, financial advisory, risk advisory and tax services to local, multinational and growth enterprise clients in China. Deloitte China has also made—and continues to make—substantial contributions to the development of China’s accounting standards, taxation system and professional expertise. Deloitte China is a locally incorporated professional services organization, owned by its partners in China. To learn more about how Deloitte makes an Impact that Matters in China, please connect with our social media platforms at www2.deloitte.com/cn/en/social-media.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

© 2021. For information, contact Deloitte China.

Laos Reiterates New Covid Measures, Confirms New Case

Laotian Times Covid-19 Update

The National Taskforce for Covid-19 Prevention and Control has confirmed one new case of Covid-19 in the country, and also reiterated new measures for the month of April.

Expansion of CarePlus Clinics in Vietnam by A Consortium of Investors

Led by Reciprocus Financial Services in Singapore

 

SINGAPORE Media OutReach 14 April 2021 – A consortium of investors, led by Reciprocus Financial Services Pte Ltd (RFS), acquired a 13% stake in CityClinic Asia Investments Pte Ltd (CCAI), which holds a 100% foreign investor license for Vietnamese healthcare operations and fully owns and runs three primary and specialist care clinics under the “CarePlus” brand in Ho Chi Minh City, Vietnam. The investment by RFS is held through Reciprocus Viethealth (Holding) Pte Ltd (RVH). CCAI also appoints Mr David Emery, Founder of the Reciprocus Group of Boutique Advisory Companies, to be a Director of the Board. A portion of the investment has gone towards outfitting CarePlus’ new state-of-the-art medical hub in Saigon’s District 1 which opened in October 2020. The remaining funds will be used to add satellite clinics to the CarePlus network and to expand the specialist verticals.

Mr Lim Thiam Kon, Co-Founder & Chairman of CCAI, said: “We welcome RVH and its group of seasoned investors on board and as part of the CCAI platform. The Vietnamese government is forward looking and highly supportive of private providers to take on a more prominent role in the healthcare service market, thus creating excellent opportunities for private players to get involved. We are glad that the investors see this need and opportunity which is in line with the Founders’ vision to offer best-in-class quality healthcare services to the vastly Vietnamese growing middle-class.”

The Consortium joins a group of existing shareholders, inclusive SGX-listed Singapore Medical Group (SGX: 5OT) which had first invested in CCAI in 2016. Thanks to SMG’s involvement, CarePlus clinic patients in Vietnam can have access to telemedicine services to consult with SMG’s specialists throughout their treatment cycle, thus being able to speak with the Group’s specialists in Singapore without having to leave Vietnam.

David Emery, Founder of the Reciprocus Group of boutique advisory companies said, “We have been impressed with the structure of CCAI’s business and their Vietnam-based management team’s execution capabilities. Our Consortium understands the opportunity in Vietnam, where the number of hospital beds to population ratio presently is 2.9 per 1,000, while the number of physicians to population ratio stands at 0.8 per 1,000 which will undoubtedly grow significantly towards the OECD average of 4.7 per 1,000 and 3.3 per 1,000 respectively.”

About CityClinic Asia Investments Pte Ltd (CCAI)

Incorporated in Singapore, CCAI is a limited liability company and is involved in management consultancy services and investment holdings. CCAI’s current core investment is its wholly-owned subsidiary, CityClinic Vietnam Limited, which is having a 100% foreign investor licence for Vietnamese healthcare operations, so far running three multi-disciplinary healthcare specialist clinics under the CarePlus brand in Ho Chi Minh City, Vietnam. CarePlus is an associate of Singapore Medical Group, a specialist and primary healthcare provider with a network of more than 20 medical specialties and 38 clinics across Singapore.

For more information, please click the link https://www.cityclinicasia.com/.

About Reciprocus Group of Boutique Advisory Companies


Founded in 2011, Reciprocus Group of Boutique Advisory Companies is headquartered in Singapore and has offices in Zurich and New York. The company is leveraging on its extensive global network of experienced professionals and entrepreneurs and initially focused on facilitating mergers, acquisitions and divestitures by providing high-quality research, scouting and deal execution services.

Reciprocus has since grown its scope of services to include advisory services in the financial services sector. For more information, please click the link http://reciprocus.com/

Quality lifestyle asks for more quality baby hampers – Give Gift Boutique helps children with special needs by supporting charitable activities

HONG KONG SAR – Media OutReach – 14 April 2021 – Despite the decline in Hong Kong’s fertility rate, baby care products have shown their great market potential, and the sales of baby gifts and baby hampers are booming. With the pressure of the growing demand for baby gifts and baby hampers, Give Gift Boutique, the online gift shop in Hong Kong, insists on the real needs of parents and infants. In order to serve the best matching gifts for different families, they sort the quality baby care products with strict standards and strives to serve great varieties of baby hampers and baby gifts.

People value more the quality and the sense of ritual of baby gifts


It couldn’t be more precious of the birth of babies under the circumstance of the low birth rate in Hong Kong. Families in Hong Kong value more on the quality and the sense of ritual of baby gifts, and willing to pay more on better gifts whenever on birth, full moon, the hundredth-day banquets, or birthdays of the babies. The CEO of Give Gift Boutique pointed out that the givers have attached great importance to the quality and packaging of baby gifts, making the baby hampers with nice quality and beautiful packaging become more popular. Under this trend, the gorgeously wrapped baby hampers and baby gifts of Give Gift Boutique are made up of highly-rated products of well-known brands, and you’re free to choose baby boy hampers , baby girl hampers, and additional gifts, moreover, you could write your own blessings in the exquisite greeting cards, making it a special occasion by the delightful gifts. Nowadays, the sales of Give Gift Boutique gift baskets have been rising almost when they were launched, and some gift baskets are even in short supply.

Safe and practical baby hampers and gifts become popular


People in Hong Kong are much more aware of health than ever before, thus they focus more on the safety of products. And in recent years, the harm of chemicals has aroused public attention. The CEO of Give Gift Boutique pointed out that, in addition to high-quality products of famous brands, mild products with natural ingredients are becoming more and more popular with consumers.

In addition, the CEO of Give Gift Boutique said, that the sales of baby hampers are more ideal than a single piece of baby gifts, and the practical and widely applicable hampers made up of famous brand products are most favored. Most giverss love to buy well-composed and high-quality baby hampers, for they are very helpful to green hand parents. By giving these pampering gifts, recipients could feel the care of the giverss. What’s more, ordering the hampers online is the most convenient way for the giverss, for they save a lot of purchasing and receiving procedures of different baby care products.

In the sales boom of quality baby gifts, Give Gift Boutique supports charitable donations to help children with special needs


The gift-giving behaviors of Hong Kong people are becoming more frequent. Not only do they interact more closely with relatives, friends, colleagues, customers, etc., but also expand their social networks. Although the Internet has cut down face-to-face communication, people are more willing to show their care in the form of gift-giving.

In addition, the epidemic last year did not impact the enthusiasm of Hong Kong people for gift-giving, the sales of gifts are increased during the holiday seasons. The CEO of Give Gift Boutique said, that in addition to gifts with a strong festive atmosphere such as bouquets and gift baskets, the sales of high-quality baby hampers are also on the rise. “Give Gift Boutique provides delivery services throughout Hong Kong. During the epidemic which make social isolation between people, givers could order gifts from the website to show their care in a safe way, thus hampers are favored by a lot of consumers. What’s more, it is shown that the universal in Hong Kong are care for the parents of newborn babies.”

On the other hand, for families with children who need special care, Give Gift Boutique has also supported some charitable donation activities of charity organizations for children in need. He said, “Established in 2008, Give Gift Boutique has been the icon of the gift market, and we take the conveyance of love as our mission. Therefore, we have been committed to public welfare and conveying a positive vibe to society over the years. We held some charitable donations with safe and quality baby care products to the families in need, and we receive thanks from charity organizations for solving some problems of needy families. And we will build deeper cooperation with charity organizations and pay more attention to them with our efforts.”

The rapid pace of life makes people to their consuming behaviors constantly, so baby gift companies need to think of consumers’ needs and serve them the most satisfying products with endless effort. In this regard, the CEO of Give Gift Boutique said that in order to serve ideal gifts for different families, they will continue to collect high-quality products from the globe, and will strive to make the gifts more practical and add richness to the lines of gifts.

About Give Gift Boutique

Give Gift Boutique is the leading online gift shop in Hong Kong. It operates in the boutique workshop model and serves corporate and individual customers throughout the year. Since its opening in 2008, it has been committed to providing customers with high-quality flower bouquets, holiday hampers,mother’s day gifts, birthday gifts, etc. https://www.givegift.com.hk/

Employment in Vietnam Recovers as 50% of Companies Increase Headcount in 2021: Michael Page Vietnam Survey

HO CHI MINH, VIETNAM – Media OutReach – 14 April 2021 – Professional recruitment services Michael Page Vietnam launched the Talent Trends 2021 Report, with a keen eye on the Vietnamese job market. The COVID-19 pandemic and the resulting economic downturn has had a significant impact across the Asia Pacific, and Vietnam was not spared. With that said, optimism is already starting to show, with about 50% of companies in Vietnam looking to increase their headcount and 30% maintaining status quo in 2021.

Mark Donnelly, Director of Michael Page Vietnam

Mark Donnelly, Director of Michael Page Vietnam says, ” By all accounts, Vietnam has weathered the COVID-19 pandemic better than many of its neighbours in the region. Its tight and swift control of the situation not only kept the number of cases low by comparison, Vietnam’s economy, too, remained in a relatively good shape over 2020. While multinational companies based there were cautious on the recruitment front, domestic companies took the opportunity to ramp up their hiring activities and secure the best available talent.”


This recruitment activity was evident, especially among Vietnam’s burgeoning technology sector. Startups and e-commerce, for instance, operated unabated throughout the year, and hiring demands within those sectors were healthy.


In view of the economic demands, the sectors earmarked for highest hiring activity are fast moving consumer goods (FMCG), industrial/manufacturing, retail/e-commerce, healthcare/pharmaceuticals as well as technology.

In addition to Vietnam’s anticipated employment activity, Mark Donnelly sees increased opportunities for the country’s high-potential individuals, “Looking ahead, Vietnam is well-positioned to bounce back from the ramifications of COVID-19. Once business and leisure travel resume, the economy should rebound quite quickly in due time. This should also put a lot of positive pressure on talent, especially for manufacturing, financial services, startups, and even, real estate.”

According to the report, 58% of employed professionals anticipate looking for new opportunities in 2021 while another 34% is passively open to new role. 45% of respondents also say they do extensive research before applying for a job. This suggests increased employment activity in Vietnam within a savvy candidate pool who are becoming increasingly empowered with a wealth of information.

Mark Donnelly advises, “We encourage businesses in Vietnam to focus on training and development for their employees, which will not only retain the very best talent in these trying times. It also readies the entire organisation for the eventual recovery phase.”

Employment in Indonesia Recovers as 41% of Companies Increase Headcount in 2021: Michael Page Indonesia Survey

JAKARTA, INDONESIA – Media OutReach – 14 April 2021 – Professional recruitment services Michael Page Indonesia launched the Talent Trends 2021 Report, with a keen eye on the Indonesian job market. The COVID-19 pandemic and the resulting economic downturn has had a significant impact across the Asia Pacific, and Indonesia was not spared. With that said, optimism is already starting to show, with about 41% of companies in Indonesia looking to increase their headcount and 34% maintaining status quo in 2021.

Olly Riches, Managing Director of Michael Page Indonesia & Philippines

Olly Riches, Managing Director of Michael Page Indonesia & Philippines says, “Indonesia had a strong business pipeline well before the pandemic hit. Its e-commerce sector has also seen continued strong growth over the last three to four years, particularly as unicorns dominate the talent landscape in Indonesia. This provides momentum for digital and technology businesses.”

According to the report, the COVID-19 pandemic also created a high demand in the technology space, many of the roles are for e-commerce platforms, start-ups or divisions about to become digital – either traditional sectors looking to ramp up their technology or businesses transitioning further into digital areas. We’ve seen a strong demand for high potential talent with a technology background, and had success bringing Indonesians from overseas back home primarily for tech-related roles.

According to the report, 57% of technology companies in Indonesia expect an 14% increase in headcount on average in 2021. 63% of employed technology professionals anticipate looking for new opportunities in 2021 while another 30% is passively open to new ones, suggesting increased employment activity.

Considering the competition for high-potential tech professionals, Olly Riches advises, “Technology companies must identify their value-added advantages when recruiting technology talents in Indonesia. Though the supply of technology talents has improved over the years (especially in software engineering functions), it is still one of the most candidate-driven markets.”

As a viable option to bridge skill gaps arising from their move to business recovery in 2021, 52% of companies in Indonesia cited their continued investment in employees by providing training to upskill the workforce while 41% turned to the use of automation for basic processes.

Coface report looks at China and Australia’s trade relationship

HONG KONG SAR – Media OutReach – 14 April 2021 – The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing both formal and informal trade restrictions on a number of Australian exports, including coal, barley, beef, wine, cotton among others. However, Coface expects that Australia’s GDP to be back to 2019 level as soon as this year. But there are growing concerns that an escalation of bilateral tensions will see China hardening its stance towards Australia and possibly start targeting Australian services exports, particularly in tourism and education which could see 2% of Australia’s GDP at risk.



The reasons for bilateral tensions between China and Australia

The China-Australia bilateral relationship is multi-facet, ranging from national security, economics and trade to foreign policy and domestic politics. Trade relations between China and Australia deteriorated when Australia’s Anti-Dumping Commission extended anti-dumping duties on Chinese stainless steel sinks on 28 February 2020 following an investigation into Chinese aluminium extrusions. Between March and July last year, there were a further eight anti-dumping actions against Chinese products, such as steel[1]. On 19 April 2020, Australia pushed for a call for an investigation into the origins of coronavirus, adding to pressure on China over its handling of the Covid-19 outbreak. During May 2020, China imposed anti-dumping and anti-subsidy duties on Australian barley imports into China, citing investigations that started in 2018. China subsequently imposed tariffs on other Australian exports, such as wine, as well as formal and informal bans on products ranging from beef and timber to cotton and coal.

A resilient Australian economy

With China taking more than one-third of Australia’s total exports, rising trade tensions are seen as a potential threat to Australia’s economic outlook. However, iron ore, the mainstay of Australian exports to China, has been spared in the ongoing trade dispute, due to a lack of suitable alternatives. Meanwhile, despite China’s trade action, the Australian economy continued a solid recovery from the pandemic, registering two consecutive quarterly GDP growth in the second half of 2020 as business conditions move towards normality following an easing of containment measures.

Bilateral relations may worsen further

Chinese trade restrictions so far have a muted impact on the broader Australian economy due to two main factors: first, the ability of some affected sectors to find alternative markets, such as Saudi Arabia for barley, and Southeast Asian countries for cotton, and second, top exports such as iron ore and natural gas were not targeted by China. With both sides interpreting the dispute through the lens of national sovereignty, the situation is unlikely to improve any time soon. We expect Australia’s GDP to be back to 2019 level as soon as this year. Future development of China-Australia tensions will be closely monitored by Asian countries for guidance as to the extent of economic damage potentially suffered should they be caught in a similar situation. Furthermore, amid the ongoing strategic competition and political differences between the US and China, Asian countries will be hard-pressed if they are forced to choose between the two sides.

The full study is available here.

Coface: for trade

With 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Debt Collection, Single Risk insurance, Bonding and Information services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients, in 100 countries, build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group’s services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2020, Coface employed ~4,450 people and registered a turnover of €1.45 billion.

www.coface.com

COFACE SA. is listed on Compartment A of Euronext Paris.

ISIN Code: FR0010667147 / Mnemonic: COFA

Customer Confidence Strengthened: Dachser Is Satisfied with the Year’s Results

Virtually no dip in company revenue in 2020, the year blighted by Covid-19, with the strong second half offsetting the impact of the European lockdowns in April and May. Investments of EUR 190 million earmarked for logistics capacity, technical equipment, and digital systems.

 

KEMPTEN, GERMANY / HONG KONG SAR – Media OutReach – 14 April 2021 – Logistics service provider Dachser can look back on a successful 2020, which was characterized by the loyalty and climate of mutual trust between the logistics provider, its customers, and its transport partners. Dachser’s consolidated net revenue totaled EUR 5.61 billion, a slight decrease of 0.9 percent compared to the previous year.


DACHSER Air & Sea Logistics business field saw growth of 5.2 percent in 2020.

“We have delivered on our promise to be a rock of stability during the coronavirus crisis,” says Dachser CEO Burkhard Eling. “The enormous encouragement of our customers and partners has been a great source of motivation. Special thanks are due to our staff and all those who drive on behalf of Dachser, who made last year such a success. Despite the extra burdens imposed by Covid-19, their performance was remarkable and they shouldered the responsibility that comes with systemic relevance at all times.”

Dachser kept its customers’ global supply chains running without interruption and came up with flexible solutions to capacity bottlenecks, particularly on intercontinental freight services. At the same time, the company provided the best possible protection for its employees’ health and supported its longstanding service partners in Europe.

In contrast to the decline of 2.2 percent in the Road Logistics business field, the Air & Sea Logistics business field saw growth of 5.2 percent. The business field benefited from having air freight charter capacity of its own as well as from high freight rates for intercontinental transport. At the Group level, the number of shipments dropped by 2.5 percent to 78.6 million, while tonnage fell by 2.9 percent to 39.8 million metric tons.

“Following a solid first quarter, the lockdowns in many European countries meant sometimes drastic declines in overland transport shipments,” says Dachser CEO Eling. “There was a clear improvement by June, however, with volumes remaining more or less consistently above 2019 levels. Our business model has proved that it can withstand crises, at the same time boasting strong growth potential and adaptability,” Eling is delighted to report.

Business development in detail

Revenue at the Air & Sea Logistics business field benefited from the shortages in air and sea freight capacity, and the corresponding rise in freight rates, throughout 2020. Buoyed by its activities in Asia, the business field upped its revenue by 5.2 percent to a total of EUR 1.2 billion. “We responded swiftly to the bottlenecks in air freight capacity by chartering aircraft to expand our own capacity, initially for medical supplies, later also transporting other goods for our customers. Overall, we operated around 150 charter flights between Europe, Asia, and the US during 2020,” Eling says.

The sea freight situation was no better, with scarce capacity and the acute lack of empty containers resulting in a volatile market and soaring freight rates. The LCL routes, known as “ocean groupage,” benefited in particular from this development. “Given the great potential we see for this premium service, we aim to further enhance the frequency, capacity, and quality of our LCL routes and push ahead with connecting them seamlessly to our European groupage network,” Eling says.

Dachser’s Road Logistics business field—comprising the transport and warehousing of industrial and consumer goods (European Logistics) and food (Food Logistics)—once again lost none of its growth momentum in 2020. However, even by the end of the year, it was impossible to fully compensate for lockdown-driven reductions in European volume in April and May, with the European Logistics business units in France and on the Iberian Peninsula the hardest hit. This caused the consolidated net revenue of the Road Logistics business field to drop by 2.2 percent to approximately EUR 4.5 billion.

While the European Logistics business line saw a decline of 3.2 percent to EUR 3.52 billion, Dachser Food Logistics upped its revenue to EUR 982 million, an increase of 1.9 percent. This business line faced a relatively turbulent 2020, marked on the one hand by panic buying in supermarkets and on the other by repeated closures in the catering, hospitality, and events industries in Germany. Nonetheless, it managed to make up for the decline in shipments in these sectors by acquiring new accounts and obtaining larger volumes of business from food retailers. Over the course of the year, Dachser Food Logistics increased the tonnage transported by 1.6 percent.

Investment on digitalization and sustainability

Eling emphasizes that Dachser refused to let the coronavirus crisis dictate its actions. This applies both to the generational change on the Executive Board—prepared in 2020 and finalized on January 1, 2021—and to investment planning. “Last year, we invested EUR 142.6 million in our global logistics network. This year, we are earmarking some EUR 190 million to create additional contract logistics capacity and forge ahead with digitalizing processes and business models.” The newly created IT & Development executive unit headed by Chief Development Officer Stefan Hohm will figure prominently in this regard.

According to Eling, the high equity ratio of 61.6 percent and the shareholders’ clear allegiance to the family-owned company give Dachser the support it needs to continue its tried-and-true policy of growth by drawing on its own resources.

“Our goal is to preserve the company’s strengths while enhancing its agility. In other words, we are expediting the integration of our networks and the introduction of digital technologies for use in areas such as machine learning or swap body localization. We will also be stepping up our sustainability and climate protection efforts,” Eling says. “Over the next two years, we intend to start by expanding our DACHSER Emission-Free Delivery areas to at least eleven European cities, while deploying more battery electric trucks and electrically assisted cargo bikes. What’s more, as a member of the German Hydrogen and Fuel Cell Association, we are actively supporting the research and testing of hydrogen fuel-cell drives for trucks.”

Overview of net revenue:

Net revenue (in EUR millions)

2020 (provisional)

2019

Change in 2020
vs. 2019

Road Logistics

4,497

4,596

−2.2%

European Logistics

3,515

3,632

−3.2%

Food Logistics

982

964

+1.9%

Air & Sea Logistics

1,196

1,137

+5.2%

Consolidation
(deducting revenue from company interests of 50% and lower)

−86

−75

Group

5,608

5,658

−0.9%

About Dachser:

Headquartered in Germany, Dachser is one of the world’s leading logistics providers. Using its own in-house developed IT-systems, the company incorporates transport, warehousing, and value-added services to provide comprehensive supply chain solutions. Thanks to some 30,800 employees at 387 locations all over the globe, Dachser generated consolidated net revenue of approximately EUR 5.6 billion in 2020. The same year, the logistics provider handled a total of 78.6 million shipments weighing 39.8 million metric tons. Dachser is represented by its own country organizations in 42 countries on five continents. In Asia, there are branch offices in 48 locations across 12 Business Areas. Its Asia Pacific Regional Head Office is located in Hong Kong.

For more information about Dachser, please visit www.dachser.hk