Message From Chairman
Export is a major cog in the Thai economy Thailand currently relies on export revenues of 70-75% of GDP, or GDP, meaning that whenever the world trade situation is slowing and combined with the epidemic of cattle disease. Wid-19 Impact on exports That will be the root cause of the negative factors of the Thai economy.
It cannot be denied that the epidemic of COVID-19 infection has occurred. Has caused damage to many sectors in a wide range. Both health, society, economy, business as well as directly affect the supply chain of the product, especially in the upstream and downstream parts of the supply chain. That is more affected than the others whenever people reduce the amount of travel to find a product. Products must be moved to the customer instead.
back at the overall picture of Thailand’s exports in 2020, it was found that it was “negative”, the lowest in six years since 2015 that had previously exported 214,309 million US dollars. The key factors that pressure Thai exports are the appreciation of the baht. Compared to the currencies of competitors in the region. This makes the price competition more difficult. There are problems and obstacles from the shortage of containers. Resulting in increased logistics costs and obstacles to negotiating a trade deal, such as the Comprehensive and Progressive Agreement for the Pacific Economic Partnership (CPTPP) that Thailand has not yet been concluded on whether to join or not. Making it vulnerable to losing a handicap against competitors
The overall view of the export will affect the logistics business. But the company still operates the business according to the vision guidelines and adapts the strategy to the situation. By expanding trade routes, investments, and building a network of alliances in key transportation strategic points in Asia. To support the expansion of the movement of goods and services. It also creates the foundation for sustainable growth in the future.
In the past, WICE has increased its competitiveness. Expand partner network The subsidiary that WICE has invested is an important logistics network that drives business to grow in all trade routes including WICE Logistics (Hong Kong) Ltd., WICE Logistics (Singapore) Ltd. and associated companies. Capital Euro Asia Total Logistics Co., Ltd. (EUROASIA TOTAL LOGISTICS CO., LTD.) Provides services Cross border logistics (Cross-Border Transport Services) to enhance WICE’s significant business opportunities in the international market. By providing cross-border logistics services (Cross-Border Transport Services) between China Hong Kong and Southeast Asia In the Cross Border model of China’s One Belt One Road, the highlight and key driving force of China’s future international trade, including the establishment of WICE Supply Chain Solutions Co., Ltd. (subsidiary company). ) Providing complete supply chain services, including warehouse work Distribution Transportation of large equipment, which is promising. From the expansion of warehouse management workload And the transport of goods is continually increasing The company plans to link the transportation routes between China and Thailand. By planning transportation management to help reduce costs for customers.
However, the most important mission of the company is to drive Thai logistics companies to become International Logistics Services and Solutions Provider of Asia, in which the company has connected partners in different countries, creating the WICE brand to be recognized internationally. It will continue to expand its network in major commercial cities continuously.
Lastly, on behalf of the Board of Directors of Weiss Logistics Public Company Limited, we would like to thank the shareholders very much for their trust in the Company’s operations. And thank you to all your patronage who have always supported the company, the company sincerely hopes to receive such great honor and support from you forever.
The company would like to adhere to management under the principles of good governance. Pay attention to every element To create a balance of benefits for all stakeholders, be it shareholders, business partners, alliances, society, environment and company employees. In parallel with creating the Company’s operating results to grow together
And would like to take this opportunity to thank all executives and employees of the company Who have worked together diligently and having a responsibility in work which is essential to help strengthen the Company operations Make the company stable and able to grow sustainably according to the goals of the organization in the future.
Mr. Ekaphol Pongstabhon
Chairman of the Board
Message from the Chief Executive Officer
WICE Logistics Public Company Limited (WICE) became a listed company on the Stock Exchange of Thailand in July 2015. For over 6 years, the company has significant business development. and continuously supporting operational potential This can be reflected from the determination, determination of the management team and all employees.
In 2020, exports dropped 6%, the lowest in 6 years amid the global economic slowdown. And the COVID-19 epidemic situation, but the company still operates the business according to the vision and strategic plan. By expanding trade routes, investments, and building a network of alliances in key transportation strategic points in Asia. To support the expansion of the movement of goods and services.
As of 2020, the COVID-19 epidemic has occurred, the company acknowledges that it has been affected by the business. It has both advantages and disadvantages to the business of the company. But the company sees the crisis as an opportunity. Due to operator Some logistics in China are unable to accept jobs. Hence, it is an opportunity for WICE to accept jobs from new customers in China. Especially, the demand for electronic goods transportation both domestically and internationally increased. Encourage international trade values to adjust accordingly. In particular, Cross Border Services is managed by Euroasia Total Logistics Co., Ltd. (ETL) and Air Freight. Use additional transportation services
The company aims to be the leader in logistics services in the Asian region. That has a full range of services capable of providing services covering important commercial strategic areas by focusing on building a network of alliances in the transportation business continuously in the future
Along with creating both Organic Growth and In Organic Growth. At present, the company is ready to provide a complete range of customer service. There is an expansion in existing customer groups. As well as expanding new customer base both at home and abroad Expansion of import and export services by Sea Freight, Air Freight, Customs services ,Domestic transportation International transportation ,Warehouse management and Cross border logistics
In terms of its 2021 strategy, the company is focused on increasing profitability from the Cross Border Services business by preparing to adjust its management approach, planning to reduce costs to be more efficient. Along with expanding the service of high-margin goods and expand the service of partial container shipping (LTL) as an alternative to customers with small quantities Add another channel for generating income and profit margins. To support cross border transportation work with higher demand
Along with plans to expand the customer base to a variety of industries and industries that are likely to grow well, such as the electronics and automotive industries This is due to the fact that the company sees the demand for such industry logistics services be high due to the widespread 5G support in Asia. and the automotive industry is likely to recover from an increase in demand. And car manufacturers revising new models Power system support
At the same time, expand the customer base that wants to move their production base from China to Southeast Asia. Especially Thailand, Vietnam and Cambodia, by offering a package solution to deliver raw materials and machinery equipment to factories from the origin to the destination.
And focus on strategies to advise customers through WICE Supply Chain Solutions Co., Ltd. (Subsidiary) providing complete supply chain services including warehouse Distribution Transportation of large equipment, which is promising. From the expansion of warehouse management workload and the transport of goods is continually increasing The company plans to link the transportation routes between China and Thailand. By planning transportation management to help reduce costs for customers.
The company aims to be the leader in logistics services in the Asian region. That has a full range of services capable of providing services covering important commercial strategic areas By focusing on building a network of alliances in the transportation business continuously in the future
I believe this year will be another challenging year. In the midst of a situation where there are negative factors all around, WICE will strive to manage and develop the business to have potential. Ready to deal with any problems that may arise in which I urge all shareholders to encourage the management team and the company team. To be able to overcome problems and obstacles and lead the business to prosper and grow steadily. According to the principles of good governance In order to continue to generate profit for shareholders
Finally, I would like to thank you shareholders. Business partners, customers and patrons who have always believed, trusted and supported the company. And most importantly, thank you to the management team and all working teams. Who devote their physical and mental strength to adapt and face every situation Until this becomes the culture and strength of the organization. In working together to lead the organization forward towards its goals of strength and sustainability