FM Logistic aims to double its revenue to €3 billion by 2030
French-based logistics company FM Logistic today presented its new strategy ‘Powering 2030’ at a press conference in Paris. The strategy is designed to address profound changes in the retail industry and supply chain management, as consumers spend more online.
FM Logistic aims to double its revenue to €3 billion in 2030 by focusing on omnichannel supply chain services, urban logistics, sustainability, transport and customer experience. The company also expects to raise its EBIT margin from 2.8% to 4%.
“As we face profound changes in consumption patterns, our ambition is to help our customers build sustainable omnichannel supply chains. Therefore, our 9-year strategic plan puts customer experience and sustainability at the core of everything we do. This will be supported by investments in automation and the roll-out of additional services, such as automated pick-up points. We will also continue to explore solutions to environmental challenges, with the opening of green hydrogen stations at some of our logistics platforms,” said FM Logistic CEO Jean-Christophe Machet.
FM Logistic’s revenue increased organically by 10% (excluding FX) in the first half of fiscal year 2021/22 (April-Sept. 2021). The company won new contracts worth €166 million, more than in the entire fiscal year 2019/20 before the pandemic. Close to 60% of these new contracts are for omnichannel logistics services.
To strengthen its omnichannel fulfillment capacity, FM Logistic will further expand its network of large multi-client warehouses. The company will open a new logistics centre in Wiskitki, Poland, in 2022. It will be located only 10 km from the future Solidarity Transport Hub (CPK). A new fulfillment center will enter operations in Tolbino, near Moscow, in April 2020.
In addition, FM Logistic will be investing in automation to support its e-commerce operations. The investment will include additional automated sorters, on-demand packaging machines that produce the right size box for any order, “goods to person” picking systems and automated guided vehicles (AGVs) for moving pallets insides warehouses.
At the same time, FM Logistic is continuing to invest in its last-mile logistics infrastructure in selected cities, such as Paris, Madrid, Barcelona, Warsaw and Moscow.
In France, FM Logistic is aiming for 60% revenue growth in the urban logistics segment by 2023. On 25 November 2021, FM Logistic and Unibail-Rodamco-Westfield opened a versatile automated pick-up point at the Westfield commercial centre in Vélizy-Villacoublay, south of Paris. Unlike parcel pick up stations, it enables customers to collect fresh food, frozen food, parcels and bulky items (such as skis or a bicycle) in one go. The service is available 24/7. It provides a click and collect solution for retailer chains (Auchan is one of the first users), as well as small, independent stores.
FM Logistic will open a similar pick-up point in Paris in the first quarter of 2022.
FM Logistic is making some organisational adjustments to support the execution of its strategy.
Christophe Menivard, the executive board member responsible for Eastern Europe, will also supervise the company’s urban logistics activities and omnichannel business.Yannick Buisson, the managing director for Western Europe, also now heads the Central Europe region (5,500 employees, €290 million in revenue).
Nicolas Chéné has been appointed as Group Business Solution Transport Director with the responsibility for the company’s transport division. Born in 1973, Nicolas Chéné has made all his career in the international transport and logistics industry. Prior to joining FM Logistic, he was the head of Rudolph Logistik Gruppe’s international transport network. Before that, he worked four years at DHL Freight in Germany (2016-2020), notably as head of non-terminal based operations (NBTO) and international business development, Germany & Austria.