The efficiency project has mobilized more than 100 employees from different areas of the company, exceeding savings targets and strengthening a culture of continuous improvement and collaboration across the organization.
The efficiency project has mobilized more than 100 employees from different areas of the company, exceeding savings targets and strengthening a culture of continuous improvement and collaboration across the organization.
Nearly a year and a half after its launch, the Humboldt Project—an initiative aimed at optimizing Multi X’s value chain—has far exceeded its initial expectations, surpassing the savings target of USD 49.5 million and achieving total reductions of USD 65.8 million.
Multi X CFO José Ramón Gutiérrez del Pedregal stated that “Humboldt is the result of a tremendous effort by our team, which designed and executed 111 efficiency initiatives over an 18-month period. This collective effort has enabled us to exceed the ambitious savings goal we set for ourselves and to consolidate a much more collaborative and innovative way of working, with a strong focus on the efficient use of resources.”
As a result of the Humboldt Project, the Corporate Projects Office (CPO) was also created, reporting to the Corporate Strategy and Development Division. This office is tasked with ensuring the execution of strategic initiatives, as well as identifying, developing, and monitoring new projects that help strengthen a more agile structure with a strong focus on efficiency.
“At present, we have identified 49 new initiatives across our value chain. Of these, 23 have already been implemented and 8 are currently in the pilot phase, reflecting our teams’ commitment to continuously identifying and developing improvement opportunities as part of our culture,” explained Alberto del Pedregal Villalobos, Corporate Strategy and Development Deputy Manager at Multi X.
Meanwhile, Gutiérrez del Pedregal added that “with 100% of the projects executed and generating savings within 12 months of implementation, the Humboldt Project as such has completed its cycle. Combined with the ongoing efforts of the Corporate Projects Office to identify new efficiencies, this will allow us to sustain these savings over the long term.”
