Value Creation Is The Bedrock Of Our Business 72 FGV HOLDINGS BERHAD Group Business Review Response Outcome Challenge Low margins and highly competitive IT environment • Managing project costs effectively by strengthening project management capabilities • Leveraging on value-added services to gain competitive advantage • Developing a project management tool that enable project managers to track and manage projects in real-time Challenges related to Umrah flight availability and increasing cost • Clear communication with customers on the current Umrah’s market conditions and challenges pertaining to price fluctuations • Minimised the cancellation of Umrah trips STRATEGY IN CREATING VALUE Construction of new facilities to cater for the demand for various oils and chemicals Establish a central distribution centre and commencement of haulier business Increase handling of high-value products Procure logistics assets to strengthen our capacity for external businesses Renovation of our hotel under the Travel Division
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