ITL maintained growth in Covid-19
ITL’s 2020 business summary report shows that the company’s profit increased by 109% compared to 2019.
Logistics is an area that is attracting strong investment in Vietnam and is expected to grow significantly thanks to supporting industries, automobile manufacturing, electronic components and state investment policies in economic regions. key point. Leverage to promote logistics also comes from the Vietnam – European Union Free Trade Agreement EVFTA.
After the influence of Covid-19, market signals in the last months of the year show a bright picture of Vietnam’s logistics industry in the coming time. According to data on the website Logistics Vietnam, as of September, the volume of freight transport is increasing again, of which railway and road increase sharply; inland waterway has good growth, reaching 32.52 million tons, up 26.46% over the same period last year.
Grow through flexible transformation thinking
As an enterprise in the supply and transportation industry with an extensive warehouse system and integrated logistics services, ITL Company has demonstrated the capacity of the business when bringing the human resources to “overcome the storm” successfully and maintain has a good growth rate in 2020. Recently, the company has been ranked in the top 500 largest enterprises in Vietnam by Vietnam Report for 14 consecutive years, top 50 excellent enterprises in Vietnam and top 10 prestigious enterprises in Logistics industry. year 2020.
According to Mr. Ben Anh – CEO of ITL Group, when the epidemic broke out, the enterprise quickly adapted and flexibly converted the business method, focused on streamlining the management apparatus, optimizing the operating process costs.
“We divert investment in human factors to strengthen internal capabilities, create a professional team, ready to adapt to the changes of the market”, said ITL representative.
Building an ecosystem for sustainable development
In addition to focusing on human resources, ITL also invests in building and developing an ecosystem, aiming to better serve customers, save time, costs, and improve the efficiency of services in supply chain. This is a strategy to help ITL grow steadily, attract large international customers, step by step improve Vietnam’s logistics capacity index in the region.
To accomplish this goal, ITL has continuously invested in the infrastructure system for many years, signed cooperation agreements, M&A with major partners. Specifically, in 2019, ITL has joined hands with ICD Tan Cang Song Than – a member of Saigon Newport Corporation to build ITL-ICD Tan Cang Song Than logistics complex in Binh Duong with the largest scale in the East. South Asia. In August 2020, ITL completed the acquisition and owned 97% stake in Sotrans Southern Logistics Company. At the same time, ITL received $ 70 million in funding from the International Financial Organization (IFC), a member of the World Bank Group (World Bank Group). With new resources, the company continues to invest in infrastructure development, deploying modern information technology systems, bringing more value to supply chains in Vietnam and Asia – Pacific and global.
In anticipation of the digital transformation of the world logistics industry, ITL also begins to implement technological innovations in 2020 such as BI (Business Intelligent) based on master data and logistics technology models, cloud computing ( Cloud Computing). The company also invests in the application of a total solution in logistics services … to optimize costs, shorten the development roadmap under Smart Logistics model.
With a methodical strategy, steadfast goals and flexible ability to change, in 2020, the company has grown in profit, reaching 109% compared to 2019.
“This affirms our management capacity, adaptability and is the foundation for us to conquer the destination of National Champion – the leading logistics enterprise in Vietnam and the region”, said the representative of ITL.
Source: vnexpress
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