Pantos Logistics Kick Starts
Aggressive Business Operations in New Year
- CEO Yeo Sung-koo urges staff ‘to set, attain challenging goals’ in New Year’s Speech
Pantos Logistics (CEO Yeo Sung-koo), Korea’s largest logistics company, in the New Year’s Speech of its CEO on January 4 announced “setting and attaining challenging goals” as the keywords for this year’s managerial strategy, and launched a drive for aggressive business operations.
In an official ceremony for starting work in the New Year, which was attended by all executives and staff members, CEO Yeo said, “We have been making preparations, including a massive personnel reshuffle of executives and organizational restructuring last year, and introduced the chief operating officer (COO) system for the first time among Korean logistics firms,” adding, “Based on this, executives and staff members are urged to use 2010 as an opportunity to review what the company is today and to make this year an turning point for our new leap to the future.” Notably, he called on executives and staff members to redouble efforts, citing the historic view of civilization of “Challenge and Response” from Arnold Toynbee’s book “A Study of History.”
Referring to the company’s business performance in 2009, Yeo said, “Last year, we had many factors reducing our profits, including a fall in marine shipping volumes and a cut in sales prices for customers by airliners, amid a slow recovery of the global economy. But we managed to reach our business goals set in early days of the year, including 2.2 trillion won in global sales thanks to the activation of international currier services and the hub project.” Yeo went on to say, “We had a year during which we consolidated internally to secure new engines of growth, including the attraction of large freight owners as costumers, our certification as an excellent e-Freight company by IATA, and groundbreaking for a logistics center in Busan New Port.”
Yeo then presented three managerial goals for 2010, including “the extension of business scope through the expansion of logistics consulting service and total logistics service infrastructure,” “maximization of cost competitiveness through marine global bidding, and strategic alliances with airliners,” “the reinforcement of internal capacity, including in marketing and consulting,” adding, “Let us use 2010 as a turning point for the company to take a new leap toward one of the world’s top 10 logistics companies.”
