STRATEGIES & PLANNING

    Terberg Company is a major player in the port vehicle construction company. They were successful in controlling 30% of the market and conquering the marketplace in this world. One of their goals is to overcome China. China is one of the nations that has succeeded to become a major competitor in the field of port vehicle construction. One of the reasons China is the most powerful competitor is that it has superior technology and sells its goods at low rates. As a result, Terberg Company has developed a strategy and plan to compete for the position of finest company in the world.

    Their main product is tractor heads and trash trucks. Terberg Company aspires to be a market leader in vehicle manufacturing. As a result, they have their own goals and plans in place to ensure that their objectives are met. Although their company manufactures vehicles, they are not concerned with vehicles on the road since they only operate vehicles at ports to haul cargo.

    To remain a successful company in this industry, Terberg Company must be more advanced and generate new ideas to enhance their products so that they become the first option for customers who require their products and services. Terberg Company has switched from diesel to LNG (Liquefied Natural Gas) in an effort to safeguard the environment. A few of the benefits of LNG are that it is odorless, colorless, non-corrosive, and non-toxic. It is also far denser than natural gas. Because LNG is the cleanest fossil fuel and emits no soot, dust, or smoke when used, it has a low environmental effect. It also emits 30% less CO2 and almost no environmentally harmful sulfur dioxide (SO2) emissions.

    This company has continued to innovate in order to dominate the industry by developing EVs (Electrical Vehicles). It is one of the most engaging and current developments for people to utilize since it enhances their work. Terberg Company's EV tractor head design is totally autonomous and does not require human control. With the availability of this technology, human work at the port to transfer containers can be decreased. This Ev tractor head was just manufactured as a unit and has been trained on the port's real road. Terberg Company expects that by 2024, this design will be the demise of other firms' products.

EV TRACTOR HEAD

    However, as a result of the unstable political situation, many customer orders are delayed since they are linked to government contracts. As a result, Terberg Company is still waiting for a wonderful opportunity to reclaim its position as the preferred option of many customers through fresh strategies and plans.