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Case
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Reference no. IMD-3-1934
Published by: International Institute for Management Development (IMD)
Originally published in: 2008
Version: 04.07.2008
Length: 7 pages
Data source: Field research

Abstract

In 1998, COSCO''s President and CEO Wei Jiafu initiated a ''two transformation'' strategy at COSCO: transformation from a global shipping carrier to a global logistics operator based on the shipping business, and from a cross-border business player to a multinational conglomerate. To carry out the transformation from a carrier to a logistics operator, COSCO planned to extend the industry value chain and move into logistics, terminal operations, ship repair and shipbuilding businesses. This case follows COSCO''s transformation and development through to 2007 and looks at the challenges ahead.
Location:
Industry:
Size:
By 2007, world's 2nd largest shipping company, USD17 billion corporation, 80,000 employees
Other setting(s):
1998-2007

About

Abstract

In 1998, COSCO''s President and CEO Wei Jiafu initiated a ''two transformation'' strategy at COSCO: transformation from a global shipping carrier to a global logistics operator based on the shipping business, and from a cross-border business player to a multinational conglomerate. To carry out the transformation from a carrier to a logistics operator, COSCO planned to extend the industry value chain and move into logistics, terminal operations, ship repair and shipbuilding businesses. This case follows COSCO''s transformation and development through to 2007 and looks at the challenges ahead.

Settings

Location:
Industry:
Size:
By 2007, world's 2nd largest shipping company, USD17 billion corporation, 80,000 employees
Other setting(s):
1998-2007

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