Within the framework of the International Summit attended by some of the members of its Board of Directors, Logisfashion, a Spanish multinational specializing in logistics applied to the fashion and lifestyle sectors, sets out a new roadmap and strategic lines on a Group-wide level.
All of the foregoing, with a view to raising revenue to 167 million euros by the close of the 2024 fiscal year. Data that account for a growth rate of 14% above the previous year, without including our new projects. Likewise, the logistics company is already devising a new five-year business plan that forecasts reaching invoicing levels of 500 million euros by the close of the 2029 fiscal year.
In recent years, the company has displayed sustained growth levels, with an increase in group invoicing up 18% on the previous year’s figures, standing at 148.5 million euros. In the words of Juan Manzanedo, CEO and founder of Logisfashion, “this growth bears witness to strident efforts and devotion of the entire team that forms the company.”
Against this backdrop of constant growth, in the last fiscal year, the company posted invoicing levels of 51 million euros in Latin America. Specifically, the Mexican, Colombian and Uruguayan subsidiaries are the standout performers.
With that in mind, the target is for Latin America to represent 50% of the turnover and attain invoicing levels of 61 million euros by the close of the 2024 fiscal year, although operations in Europe are also on the rise. Furthermore, the company is enjoying growth in the United States with a project that will be implemented in two stages.
Logisfashion seeks to bolster the effective collaboration between the corporate element and its subsidiaries. In this way, it foresees placing the onus on entrepreneurial commitment. This was outlined by, Diego Larrañaga, Chief Operations Officer: “At Logisfashion, we are committed to taking our operations to the next level. Transformation stems from people and the transition they undergo. Clarity regarding our duties and results is essential, along with ongoing strident efforts to improve with a constant desire to learn.” Thanks to this, Logisfashion strengthens its commitment to operational excellence, ongoing innovation and customer satisfaction through this new roadmap and global strategic lines for 2024. “We are resolute in our drive to continue to boost our growth and expand our global presence. With the onus on innovation and operational excellence, we are ready to face the challenges the future poses with belief in our abilities,” Juan Manzanedo concluded.
Logisfashion strengthens its technological drive
Toward industrial transformation, with an approach based on ongoing improvement and innovation, we remain steadfast in our backing to reinvest 3% of our invoicing in technology and developing in-house tools with a view to providing the flexibility and scalability required by our customers.
With regard to automation, our commitment entails the implementation of flexible robotics that allows us to improve the relationship between efficiency in business and streamlining operations. “Technology is a transversal pillar for Logisfashion. For this reason, operations must be maintained in an efficient and safe manner, while expanding our capabilities and boosting innovation.” said Pere Castel, CBDO at Logisfashion.
Internal and compliance policies
In turn, Emma Manzanedo, head of the legal and corporate taxation division of Logisfashion, has underscored the strategic role of compliance in planning and development for the company. Specifically, she stressed the implementation of compliance policies, such as the Compliance Program, the ISO 37301 Certification or the compliance management system which reflects the multinational’s commitment to integrity and reputation.
“Compliance is essential to guarantee Logisfashion’s integrity and reputation. Years are needed to build a reputation, yet in a few scant months, mistakes can destroy it. At Logisfashion, we endeavor to care for our relationships with third parties and maintain high ethical standards in all our operations.” stated Emma Manzanedo.
Collaborative culture and operational streamlining
With more than 3,000 permanent collaborators and more than 1,500 people added to campaigns requiring a bolstered workforce, the approach for 204 is to ensure that all subsidiaries are aligned and that processes back the development of existing talent. In this regard, the multinational aims to strengthen its brand image with a view to bringing in human talent to be able to overcome the new challenges that might arise in the sector.
“Our human team is at the heart of Logisfashion.” We wish for this to act as a place in which to learn, grow and develop professionally, not solely for our collaborators, but moreover for our customers” according to Josefa Solanilla, CHRO.
