HMM unveils upcoming investments over US$11.4 billion, aims to boost TEU capacity by nearly 400,000 TEU
HMM has decided to proceed with massive investment in several initiatives aiming to diversify its business portfolio for future growth.
HMM CEO & President Kim, Kyung Bae (third from the right) and employees declared a vision at the mid-to long-term strategy presentation held in HMM headquarters in Seoul on 14 July 2022.
“Our strategy is to ensure perpetual growth of HMM under the new vision – a global leading company generating sustainable value for the world,” commented Kim, Kyung Bae, HMM President & CEO.
Furthermore, the company plans to proceed with its digitalisation process by improving online-based ‘e-platform’ and accelerating Enterprise resource planning (ERP) upgrades. HMM recently launched ‘Hi Quote’, an online sales platform based on its own technological capabilities and aims to integrate its inland logistics network into Hi Quote and apply freight rate solutions powered by Artificial Intelligence.
Moreover, HMM wants to strengthen its business areas by developing a customer portfolio, enhancing sales power and expertise, and training employees. Especially, the company said it will organise teams to accomplish strategic projects and explore new business opportunities.