What innovations will 2025 bring to business and how can we prepare for them?

Representatives of well-known Lithuanian companies, including Ingrida Grikpėdienė, CEO of VMG Wood Invest, shared their plans, visions and forecasts at the Business 2025 conference in December 2024.

According to Ingrida, the last year has been very dynamic for organisations, so it is practically impossible to predict what to expect in the coming years. However, the CEO who shared her insights says that the coming year will be dynamic for business, but only with a clear strategic direction it will be possible to achieve success.

In terms of results for 2024, VMG Group is forecasting 3% growth in turnover, with an expected increase of 11% in 2025. These results are based on investments in efficiency improvements, automation and innovation. One of the most important projects to be implemented at the beginning of the year is the first Organic Rankine Cycle (ORC) plant in Lithuania, which will generate 50% of the electricity at the Klaipėda Wood mill and reduce costs by 30%.

Grikpėdienė notes that the company’s success depends on quick decisions and effective communication.
“The dynamic nature of the business requires twice as fast solutions and horizontal communication between departments. It is also important to build sustainable supply chains and reduce dependence on external risks,” she says.

VMG Group intends to create 200 new jobs by 2025 and continue to introduce technologies that will not only increase productivity but also contribute to strengthening the sustainability pipeline. According to Ms Grikpėdienė, success in the market depends on closer cooperation between business, science and politics, as well as investment in the regions.

In 2025, VMG Group will continue its work in five strategic areas: wood processing and sustainable wood products, renewable energy, industrial innovation and technology, wood-based structures and infrastructure, and industrial real estate management.