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In one of the imaginary conversations I recently had with my psychotherapist (far cheaper than the real thing), I couldn’t refrain from asking her whether there was any chance that Deutsche Post DHL’s global forwarding unit, or DGF, would be sold, despite repeated denials from management, which are adamant this business can be turned around, and is not on the block.
Is this not, I asked her, a classic case of cognitive dissonance?
Because I have a gut feeling this story has ...
Comment on this article
Jackson
May 19, 2017 at 2:29 pmI think your psychotherapist may have problems. The problems in DGF have been many but they just need some stability in management to get back on track. Despite everything they have managed to put in their own way recently they are still profitable and the largest forwarder .
Ale Pasetti
May 19, 2017 at 9:10 pmThanks, Jackson. I think you might be right, but then DGF needs different corporate governance rules. Best, Ale.
Daniel Pettersson
May 21, 2017 at 7:58 amWould agree with Jackson. Biggest nonsense I’ve read in quite some time. There are dozens of forwarding entities with bigger problems than DGF.
Ale Pasetti
May 22, 2017 at 11:55 amThanks for your comment, Daniel.
“Biggest nonsense I’ve read in quite some time.”
Why do you think so? What exactly do think works/doesn’t work with DHL/DGF?
Additional feedback gratefully received.
Thanks.
Ale Pasetti
May 22, 2017 at 11:59 amAlso, who is faring worse in the top 10 based on latest financials, in your view?
Because I struggle to find more than two (air and ocean).
Thanks.
Stephen Astley
May 23, 2017 at 8:10 amI am sorry to say, but I have to disagree.
Against a 2015 EBIT target of positive +EUR 750 million they achieved a staggering loss of negative EUR 181 million. To fail so badly, I think in anyone’s books, is a pretty big problem.
Jackson
May 23, 2017 at 8:03 pmLots of companies have targets and don’t meet them. They have many problems mainly around structure and focus. While the new CEO will have a tough job he has been the man kicking their backsides from with K&N. They will be fine.
Ale Pasetti
May 30, 2017 at 8:34 amIt must cut costs and nobody at DGF wants to do that. There’s no doubt DP DHL remains a solid company, but we’ll see what happens if its stock drops to the mid-$20s.
Jackson Muchonji
June 05, 2017 at 3:06 pmThe problem with DGF is mismanagement due to recruitment of none professionalism i.e most managers are not professionals otherwise it remains the most admired company in the world
Ale Pasetti
June 06, 2017 at 5:33 am“it remains the most admired company in the world” — why so, in your opinion, Jackson?
Thanks for your comment.