Business Model and Planning Destini has not taken its eyes off its strategic goals of increasing its secured income base. Several new initiatives were adopted to grow its businesses organically within its core segments. This also includes finding synergies between subsidiaries to leverage on each other’s capabilities. In doing so, the sustainability and growth across all of our business segments remain resilient despite the challenging operating environment. The sustainability of Destini’s businesses is strong as the Group is operating with a diversified portfolio of services and products in a high entry barrier industry and one of the major sources of revenue earnings is generated from recurring MRO services to its existing customers. Aside to that, there are many more possibilities for Destini to exploreandexpand its existingcapabilities in the industries it has a foothold in. The Group is also aggressively broadening its client base by staying competitive and relevant in all the industries it has operations in and all the countries it has a foothold in. This includes constantly looking to expand its services and products to the wider global market. It opens up greater opportunity for the Group to grow internationally. From the current presence which spans from Australia, China, Malaysia, Middle East, Singapore, and United Kingdom, Destini is on the blueprint to expand its current business network to the Southeast Asian countries it does not have a presence. SUSTAINABILITY REPORT Moving forward, the Group will continue to expand its customer base in order to strengthen its market position coupled with expansion plans for revenue growth. The Group is currently focused on allocating the Group’s resources to enhance and expand its core business. To achieve sustainability in the long run, the Group is of the view that other diversification of each core business would be able to enhance its financial performance and shareholder’s value in the future. Suppliers Although pricing and quality are the main determinants of supplier selection, suppliers who uphold the same sustainability beliefs and best practices in their operations are among the main criteria of filtering our suppliers. Procurement Standard Operating Procedure established to reaffirm our commitment towards meeting our stakeholders’ expectations with emphasis on providing consistent product quality with the applicable regulatory framework. All procurement activities are guided by our documented procedure as prescribed by the ISO 9001:2015 Quality Management System to ensure that our suppliers comply with our purchase material specifications and satisfy our production requirements. To ensure the compliance practices of our suppliers, we evaluate the performance of our suppliers on a bi-annual basis in terms of the quality of products and services, pricing, delivery and product safety criteria. 46 DESTINI BERHAD • ANNUAL REPORT 2021
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