Annual report

Purpose and strategy

Wallenius Wilhelmsen ASA (‘Wallenius Wilhelmsen’), through its operating companies, is the market leader in the finished vehicle logistics segment, offering ocean transportation and landbased vehicle logistics solutions. Wallenius Wilhelmsen’s purpose is ‘Sustainable logistics for a world in motion’. With vehicle logistics as our core competence area we will actively promote sustainability in our customers’ value chains. We will also seek to expand our reach to include operations and involvement in the entire value chain through the whole lifecycle and usership of vehicles.

The world is changing rapidly, and with this change comes a greater need for more efficient transport and logistics solutions. Trends in the wider auto industry, such as car sharing, autonomous vehicles, electrification and digitalisation, will bring both challenges and opportunities for logistics providers. Wallenius Wilhelmsen aims to capitalise on the opportunities linked to a changing market and take an active role in defining sustainable logistics for a world in motion.

Wallenius Wilhelmsen has adopted a ‘Lean:Green’ sustainability strategy which is built around the core belief that there is a correlation between economic and sustainable outcomes. The commitment to be among the leaders in sustainability in our industry will help Wallenius Wilhelmsen prepare for the physical and transitional risks that climate change will bring. Our goal is to lead the journey towards zero emissions by prioritising Lean:Green service offerings, optimising core operations to reduce the company’s carbon footprint, and improve sustainability for each service line. Through digitalising the supply chain and providing a fully digital, transparent, predictable and dynamic value chain solution, we aim to measure, optimise and make clear the sustainability impact across the unit lifecycle for OEMs, end users and service providers.

For landbased solutions, Wallenius Wilhelmsen will be targeting continued growth. We aim to extend the scope of services to full lifecycle logistics by offering services and products that build on and expand beyond today’s activities. This includes innovating new products and improving customer experiences by providing industrialised scaled service offerings throughout the lifecycle and use of vehicles with an increased focus on fleet providers and vehicle end users.
Wallenius Wilhelmsen will continue to drive operational effectiveness by applying technology to digitalise and automate our core operations. We will achieve agility and sustainability in daily business through harnessing data, reinventing processes, and introducing adaptive decision-making and collaborative execution across the group.

Ultimately, Wallenius Wilhelmsen’s clear objective is to provide shareholders with a competitive return over time through a combination of an increase in share value and dividend payments.