Defining Logistics for a World in Motion
2017 will certainly go down in our long and proud history as a defining moment of adapting to changes in the market. Since 1861, Wilhelmsen has pioneered significant shifts in the maritime industry. Wallenius has since 1934 been at the forefront of changing their business model and driving change for a sustainable world. With the two companies working together since 1999, their decision to create Wallenius Wilhelmsen Logistics ASA was a pro-active step in recognising the changing market environment and acting to create a more efficient and agile platform to build for the future.
Bringing together the activities of five companies into one single enterprise has not been without its complexities. Through tremendous effort from our management and staff, we can proudly look back on a year that has all the hallmarks of a successful change. Establishing the new entity in April, we re-structured the organisation, adjusted our operating model, right-sized as a result and are well on track to adapt the financial structure to match. Throughout the significant change and upheaval, our operations remained un-affected, and we continued serving our customers with focus and dedication. The entire global team pulled together to create a new spirit and energy that serves as an excellent platform for change and growth.
Looking forward, we are ready to embrace the significant changes we see taking place in the automotive and rolling equipment industries. We believe the world will keep surprising us and our focus is to ensure we remain agile and open-minded enough to capitalize on the opportunities a changing market brings, embracing disruption as our forbearers have done. We see shifts from car ownership to car usership, increase in scale of autonomy, increased electrification of vehicles and new entrants providing mobility solutions in very different ways – all challenging existing supply chain, retail and servicing models for vehicles.
To meet this development, we are expanding our service scope in the finished vehicle logistics from factory to dealer, to full life cycle logistics. Our strategy is to develop our logistics infrastructure and service capability into all phases in the life of a vehicle. For every vehicle in the world, from when it leaves the production line and until recycled at end of life, there remains a logistics and servicing need, irrespective of who owns or operates it. Distribution on land or sea, maintenance, repairs, cleaning, re-marketing – all services that require logistics solutions as assets move from individual ownership to the shared economy.
Operating sustainably, ethically and safely will remain keystones of our business. WWL is committed to being transparent and proactive in reporting on Environmental, Social and Governance (ESG) matters. We have established a Global Reporting Index (GRI) framework as reflected in our Sustainability report, which we see as a starting point for further discussion and action rather than the end of a process. We will continue to develop solutions that reduce the impact of our assets and resources on the environment. In expanding our infrastructure and service scope to the whole life cycle of a vehicle, we also see opportunities to industrialise and boost our customers’ efficiency as well as that of our assets, reducing the environmental impact across the value chain.
President and CEO