1. ● uncertainty was felt regarding the availability and cost of different energy sources, owing to geopolitical tensions, competition in the use of biomass and new energies, and the development of the infrastructure needed to ensure their accessibility. Although the impact of price volatility has been limited for GEODIS due to its contractual arrangements, this uncertainty concerning energy availability and costs in different geographical areas makes it more complex to plan the energy transformation schemes that are essential for the decarbonization of the economy; ● the strengthening of regulations relating to social and environmental impact, linked in particular to the European Green Pact, imposed a sustained pace of transformation of fleets and the organization of certain logistics chains. As far as the climate and polluting emissions are concerned, regulatory changes are particularly strong with the Fit for 55 European legislative package and the introduction of Low-Emission Zones (LEZs) for downtown deliveries. GEODIS is constantly monitoring and trying to anticipate these changes for each of its lines of business and geographical areas. However, the lack of visibility on the availability of technologies, infrastructures and access to decarbonized energies at a competitive cost is an obstacle to the anticipation that GEODIS wishes to initiate, in line with its commitment to a path to decarbonization in compliance with the Paris Agreement; ● e-commerce has remained at a very significant level, particularly for Retail activities after the very strong growth seen in 2020-2021. This has generated an increase in the volume of small and medium-sized parcels to be delivered within short timeframes as close as possible to consumers in urban and suburban areas, entailing complete rethinks of flow and inventory management, optimizing them without compromising on service quality. To meet this demand, GEODIS constantly adapts and innovates, taking account of its customers’ omni-channel strategies and providing them with its know-how in real-time optimization of their logistics chains through complete visibility of their inventories and flows; ● finally, tensions in some lines of business, the rise of artificial intelligence and new expectations in terms of quality of life at work are all having an impact on the Group’s recruitment and employee development strategies. To continue attracting, developing and retaining the talent the Group needs, GEODIS is adopting a proactive approach to raise awareness of the logistics industry and is strengthening its employer brand, which highlights its values and incorporates its vision of sustainable logistics. Aware of its responsibilities and the difficulties of a world that has become more uncertain and unpredictable, GEODIS is constantly adapting and evolving, bringing its customers global solutions that meet their expectations. As an architect of logistics solutions and a direct operator itself, GEODIS focuses on agility, working together with its customers to anticipate the changes required to cope with this changing environment. Its expertise, complementary lines of business and geographical footprint put the Group in a strong position to support its customers in addressing supply chain risks. GEODIS’s strategic plan, “Ambition 2027”, fully supports the Group’s baseline, “A better way to deliver”, by reinforcing its demands for operational, financial, social and environmental performance. 1.5 Strategy Having achieved the objectives of its strategic plan for the 2018-2023 period, GEODIS is pursuing its development under its new strategic plan, “Ambition 2027”. The new strategic plan continues the momentum of the previous one, while stepping up the Group’s ambitions in terms of operational and financial performance. More than ever, the Group is placing CSR and its social and environmental performance at the heart of its strategic plan, with the aim of significantly reducing its carbon footprint and being recognized as a leader in sustainable logistics. Thanks to the past and future financial performance of its lines of business, and strengthened by the integration of its most recent major acquisitions (Keppel and Need It Now Delivers in 2022 and trans-o-flex in 2023), GEODIS will have significant scope for further innovation and investment. These investments will support the Group’s organic growth aligned with the outlook for growth in the transport and logistics market. They will also support a proactive policy of targeted acquisitions designed to seize market opportunities. GEODIS’s strategy is designed to strengthen its position as a leader in sustainable and innovative end-to-end logistics solutions to help its customers succeed and grow around the world. This strategy continues to be based on three pillars, each imbued with the Group’s innovative spirit and its capacity for investment: expertise in its core businesses coupled with support for its customers, an acceleration of its digital transformation, and its ongoing policy of external growth. 2023 ACTIVITY AND SUSTAINABILITY REPORT - 17 EDITORIAL > 1. PROFILE AND AMBITION > 2. CSR POLICY > 3. ENVIRONMENT > 4. SOCIAL > 5. ETHICS > 6. TABLE OF INDICATORS
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