FGV Annual Integrated Report 2024

Our transport operations ensure efficiency and reliability with a strong logistics network and a fleet of over 600 vehicles. FGV strengthens its supply chain through FGV Transport Services Sdn Bhd (FGVTS), its dedicated transport subsidiary and a certified multimodal transport operator (MTO) under the Ministry of Finance. Supported by a fleet of over 600 vehicles and strategically located depots across the country, we provide comprehensive logistics services that include land transport, freight forwarding, container haulage, warehousing, and courier solutions. The segment plays an integral role in supporting the Group’s core operations while also catering to a diverse range of industries. With a continued emphasis on efficiency, reliability, and regulatory compliance, we remain committed to meeting service expectations and maintaining stakeholder confidence. As part of the Group’s broader logistics ecosystem, we are focused on operational excellence and continuous improvement. By optimising routes, integrating services, and maximising fleet utilisation, we are strengthening transport connectivity and contributing to infrastructure development, while reinforcing the Group’s presence within Malaysia’s logistics landscape. TRANSPORT WHO ARE WE AND WHAT WE DO KEY FOCUS AREAS Inland Transport Optimising truck utilisation by catering to both internal and external customers, while expanding haulage and curtain sider services to support modern trade and Oil and Gas (O&G) products. Multimodal Transport Operator (MTO) Strengthening partnerships with the principal’s local and international partners, while continuing to pursue new businesses opportunities by actively participating in government and external tenders. Supply Chain Driving business digitalisation through customised third-party logistics (3PL) and last-mile solutions, while streamlining courier operations and re-evaluating strategies for facility and warehouse upgrades. International Courier Expanding Hajj Baggage services beyond Malaysian pilgrims to include those from Indonesia, Pakistan, China, Singapore, and India while leveraging presence in Safwa Tower. Strategic Recruitment Building capabilities through the recruitment of experienced professionals from both internal and external sources. BUSINESS ENVIRONMENT As the Group strives for growth, it faces challenges such as rising costs, intensifying competition, evolving regulations, and shifting consumer preferences. Addressing these challenges is essential for maintaining market relevance and achieving strategic objectives. In conclusion, focusing on profitability, embracing technological advancements, and prioritising sustainability will position the business for continued success. Continuous adaptation and innovation remain key to navigating the evolving landscape. 107 Sec 05 DRIVING VALUE THROUGH BUSINESS GROWTH (BUSINESS REVIEW)

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