Port of LA approves new 5-year plan

   The Port of Los Angeles Harbor Commission on Thursday unanimously approved a new five-year strategic plan that focuses on retaining its place as the top U.S. seaport, among a variety of other goals.
   The plan is built around three main areas of emphasis – competitive operations, strong relationships and financial strength. Underlying those goals are efforts to improve sustainability, optimize land use, advancing maritime technologies, and growing market share.
   “Changing economic tides will require new and innovative approaches and a forward-thinking game plan,” said Port Executive Director Geraldine Knatz. “This newly adopted strategic roadmap provides a clear path to assure the port’s future success in the global market place.”
   The strategic planning process began in March 2011 and was built on the previous 2006-2011 Five-Year Strategic Plan. Metrics to measure the port’s performance and success in implementing the initiatives are also included in the new plan.
   “The strategic plan is designed to undergo continuous evolution and performance measurement over the next five years and an annual assessment and re-evaluation to ensure relevance prior to the start of the annual budget process,” the port said. “An organizational performance dashboard will be used to measure progress towards implementing the initiatives.”