The path to consolidating a family business into a solid corporate structure is a challenge fraught with challenges and opportunities. Transportes Innovativos , one of the leading companies in the trucking industry, successfully implemented a corporate governance system that seeks to ensure its continuity and adaptability in an increasingly dynamic environment.
This strategy is geared toward formalizing internal processes , sustainability, and continuous improvement of its operations , according to Flavio Rivera, general director of Transportes Innovativos.
The beginning of this change dates back to the second half of 2023, when the Board of Directors, recognizing the need to adapt to changing times, entrusted itself to the leadership of Flavio Rivera.
The process was divided into six phases , which were essential to ensuring successful implementation. The first was planning . During this phase, key tasks and activities were defined, establishing a clear work plan for implementing corporate governance.
Key Activities : Throughout 2024, key activities were carried out, such as assessing the organizational structure and documenting processes. This allowed us to identify potential improvements and blockages in internal systems.
Corporate Governance Implementation : Structural changes were initiated, establishing clear policies, procedures, and operating methods for all members of the organization. This phase was particularly complex and is expected to be completed by the end of 2025.
Measuring progress : Although the measurement process is done simultaneously, a methodology such as the Balanced Scorecard is used to evaluate the results and ensure that the goals are being met throughout the process.
Corrections and Adjustments : As corporate governance was implemented, adjustments were made to correct any deviations and optimize results. This included reviewing the company’s financial and operational performance.
Consolidation : By 2027, Transportes Innovativos is expected to have fully consolidated its corporate governance, with a structure that not only guarantees the continuity of the company, but also drives its growth and adaptation to future challenges.
The benefits of this implementation have not been long in coming. In the market, Transportes Innovativos has strengthened the trust of its business partners and clients, ensuring the continuity of its projects in the medium and long term. Internally, the company has experienced improved organization and clarity of objectives, which has translated into greater efficiency in decision-making and daily operations.
The organized structure also allowed for a clearer focus on staff development, creating an environment conducive to employee growth through well-founded career paths.
One of the biggest challenges Transportes Innovativos faced during the implementation of Corporate Governance was resistance to change, as Rivera commented, highlighting how, in trying to establish new structures and processes, uncertainty was generated within the company.
Many employees, not fully understanding the purpose of the change, feared that this transformation would negatively impact their roles and stability. This fear of the unknown made some team members reluctant to adopt new ways of working.
However, the company’s approach is clear: to overcome this resistance through open communication and transparency, so that everyone understands the long-term benefits of this change and how it will contribute to the company’s improvement and growth.
Regarding the fleet, the renewal process is one of the pillars of this growth. In 2024, the company renewed 33% of its fleet , with total new vehicle growth reaching 44% compared to the end of 2023.
This renewal not only responds to the need to maintain a modern and efficient fleet, but also to more ambitious goals such as reducing emissions and improving fuel efficiency, key aspects of meeting international sustainability standards.
For Transportes Innovativos, the results are promising. Despite economic challenges and fluctuations in demand, the company has maintained a favorable performance, with a solid structure and well on its way to fully consolidating its corporate governance by 2027.
“The challenge of institutionalizing a company like Transportes Innovativos has not been easy, but the commitment to transparency, efficiency, and continuous growth has allowed the company not only to adapt to change but to grow stronger in the process,” Rivera commented.
The long-term vision, supported by a well-defined corporate governance structure, ensures that the company will continue to innovate and lead the industry, leaving a legacy of strength and sustainability for future generations.
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