The company attributed the revenue decline to the combined effects of geopolitical conflicts and a weaker global economic climate. However, Gebrüder Weiss pointed to several positive aspects of its performance in 2023. Notably, the company achieved a record investment volume of €187 million, primarily directed towards expanding its network in Germany, the United States, and South-Eastern Europe.
Furthermore, Gebrüder Weiss underscored its commitment to sustainability. The company now generates 75% of its own electricity needs in the DACH region (Germany, Austria, and Switzerland) through solar power. Additionally, it commissioned nine new photovoltaic systems in 2023, doubling its annual CO2 emissions savings to 2,750 tons.
Looking ahead, Gebrüder Weiss expressed cautious optimism for a slight economic upturn in the second half of 2024. The company remains confident in its “best of both worlds” strategy, which prioritises both the development of its operational network and the continuous improvement of its digital expertise in supply chain management.
“Despite the challenges posed by the general economic conditions, we have been able to support our customers in achieving success in their global markets and expand the Gebrüder Weiss presence through new locations… This achievement is primarily due to the unwavering dedication of our employees, ” said Gebrüder Weiss CEO Wolfram Senger-Weiss.
In addition to network expansion and sustainability efforts, Gebrüder Weiss reported progress in digitising its supply chain management system. The company implemented warehouse analysis functions within its web-based customer portal, aiming to enhance transparency throughout the entire supply chain.
Furthermore, the company is transitioning its vehicle fleet towards sustainable solutions. Gebrüder Weiss already utilises electric vans for deliveries in Austria, Hungary, Croatia, and Romania, and plans to launch two battery-powered trucks in Germany this year. To bridge the gap towards full e-mobility, the company is converting a significant portion of its Austrian truck fleet to run on hydrogenated vegetable oil (HVO).