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Thailand's Kerry Express eyes efficiency gains to return to profit

Partnership with China's SF Holding, Hive Box to help performance: CEO

Kerry Express reported a net loss of 1.2 billion baht ($32 million) in the first six months of 2022 as a price war heated up in the Thai delivery business. (Photo courtesy of Kerry Express)

BANGKOK -- Thailand's second-largest parcel delivery company, Kerry Express, aims to streamline its operations and cut costs, believing this will help the company return to profit by next year.

"What we need to do is to increase efficiency and cut costs, as the business is continuing to expand in line with growing e-commerce," Kerry CEO Alex Ng told the Nikkei Asia in an exclusive interview.

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