SENWES Integrated Report 2020 | Page 50

STRATEGIC FOCUS AREA UNLOCKING VALUE SYNERGIES Unlocking value synergies focuses primarily on reaping the benefits of shared corporate functions and operational efficiencies across the group. Objectives � Identify the untapped benefits of shared corporate functions and operational efficiencies, by means of co-ordination between business units, joint ventures and corporate support divisions across the group. � Unlock the benefits of shared corporate functions and operational efficiencies to the benefit of the Senwes Group. Reflecting on the progress to date All business units, subsidiaries, joint ventures and corporate support divisions in the group have been tasked anew with driving improved integration amongst themselves in order to identify synergies and operational efficiencies that have not been utilised as yet and to unlock the benefits thereof across the group. Establishing a Commodity Execution unit to enhance co-operation and integration of the grain business chain. Top-of-mind risks � Information technology - systems and cyber risk. � Urbanisation, scarcity and retention of skills risk. � Transition and customer risk. � Diversification and agricultural industry risk. � Unique competitor risk. For more detail on top-of-mind risks, see p. 84 Looking ahead � There is significant benefit in unlocking value synergies and therefore it makes sense to maintain the constant driving force to achieve this. The focus is to ensure that the synergies of the shared corporate functions and operational efficiencies are tapped into and utilised fully across the Senwes Group. 48 ROOTED IN AGRICULTURE