73 ANNUAL INTEGRATED REPORT 2021 ADDITIONAL INFORMATION HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY Group Business Review Logistics & Others FGV’s distinct strength in agribusiness rests on our well-established storage, logistics, information and communication technology, as well as travel services that help optimise efficiency, security and reliability in delivering products down the supply chain. These services by various subsidiaries are categorised under the LO Sector. During the year under review, LO Sector has strategically repositioned business focus towards improving strengths and evolving as a more competitive and integrated player to serve a wider market. Business and operational improvements were heightened as the Sector focused on maximising agribusiness opportunities in sugar, fertiliser and dairy products as well as opening up to external market opportunities. This led to higher volume of value-added products that contributed significantly to the year’s revenue growth. There was intensified emphasis on capacity and capability building as we invested in increased storage capacity and ventured into specialised logistics segments. New businesses were created to cater for growing demand in renewable energy, cold chain, Information Technology (IT) outsourcing for Oil & Gas (O&G), and retail e-commerce. Under the LO Sector, our transportation business is instrumental to the Group’s aim to be a total logistics solutions provider in Malaysia, being the biggest palm products transporter in the nation.
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