Message from Chief Executive Officer
WICE Logistics Public Company Limited (WICE) became a listed company on the Stock Exchange of Thailand in July 2015. Over the past 8 years, the Company has developed significant businesses and has continuously promoted the potential in our operations. This can be reflected in the intention of our management team and all employees.
In the past year in 2022, Thailand continued to ship more products to sell in many countries with export revenues increasing to 280 billion USD, representing an increase of 5.5 percent from 2021 according to the disclosed data from the Ministry of Commerce. The is considered to be increasing at a steadily declining rate, showing the economic slowdown of Thailand and the trading partner countries. However, WICE Logistics Public Company Limited still strives to operate businesses in accordance with our vision and adjust strategies to suit situations. This is done by our expanding trade routes and investments, building a network of alliances in strategic locations in Asia, and supporting the expansion of the movement of goods and services. In the past, this was reflected in our intention and practices. As a result, the Company can make more profit every year.
Although the global economic outlook in 2023 is volatile and has experienced continuous problems since 2022, the Company considered that this is a challenge for us to operate the businesses in situations that are full of uncertainties with a commitment to developing our management and business to have potential and be prompt to deal with all problems arising.
For the 2023 business strategy, the Company will continue to focus on profitability in all 4 main business groups: sea freight, air freight, cross-border services, and supply chain solutions. We have been creating both organic growth and inorganic growth, one customer stop services, and have expanded our work in the existing customers and the new customers based both domestically and internationally. There are 9 branches: WICE Logistics (Singapore) Pte.Ltd., WICE Logistics (Malaysia) Sdn.Bhd. (Kuala Lumpur, Johor Bahru, and Penang Branches), and WICE Logistics (Hong Kong) Ltd. (Hong Kong, Shanghai, Guangzhou, Shenzhen, and Ningbo Branches). We have expanded the customers in a variety of industries and in the industries that have good trends such as electronic products, automotive parts, household electrical appliances, etc.
As for the cross-border services business, under the management of the joint venture Euroasia Total Logistics Co.,Ltd. (ETL), it has started to provide road-rail services by connecting transport routes by truck to the Laos-China Railway for the speed of transportation to customers. As well as to connect the One Belt One road from China to the Middle East and Europe, increasing job opportunities in the future.
At the same time, the Company has expanded our customer who wants to move their production base from China to Southeast Asia, especially Thailand, Vietnam, and Cambodia. We offer a solution package, providing transportation services for raw materials and machinery equipment to the factories from upstream to downstream. We focus on strategies to provide customers with advice through WICE Supply Chain Solutions Co.,Ltd. (the subsidiary), providing complete supply chain services including warehousing, distribution, and transportation of large-sized equipment which is a good trend. The warehouse management work and freight have been increasing.
The Company aims to be a leader in providing logistics services in Asia with one-stop services and providing services covering key strategic commercial areas according to the organization’s vision and to be consistent with our business operations to drive the Company to be a leader in Asia. The Company focuses on operating businesses according to sustainability principles along with human resource development. This is for having a good quality of life, continuing to grow in the career path, along with caring and sharing society surrounding environment, focusing on reducing energy consumptions and reducing glass emissions to zero, developing technology to meet the needs and the customer access to a variety of services.
This year will be another challenging year for all of us. I would like to ask all of you for giving your encouragement to our management team and all employees to be able to overcome problems, and obstacles, lead our business to progress, grow steadily, be a sustainable company, and conduct our business in compliance with the principles of good governance along with supervision with transparency and focus on generating good profits.
Finally, I would like to thank all stakeholders both the shareholders and the business partners, and the customers who trust and support the Company as always. Most importantly, I would like to thank the management team and all employees who dedicated themselves and adapted to face every situation until this becomes a strong culture of our organization in taking us forward towards the goals with strength and sustainability.