CEVA Logistics is awarded two new contracts with General Motors
07 July 2009 - 16:44 CET
CEVA expands on existing contract following successful nine year partnershipSão Paulo, Brazil, 7 July 2009 - CEVA Logistics, a leading global supply chain management company, is continuing to build on its strategy of offering customers end to end services, with a contract expansion with General Motors (GM). Having worked in partnership with General Motors for nine years, CEVA will expand on its existing contract to include two new operations that will help General Motors reach a broader level of coverage through its supply chain operations.
The first operation will see CEVA providing transport management services, overseeing the automotive aftermarket parts distribution from General Motors' warehouses to all of the company's dealers in Brazil. After receiving data from GM regarding materials to be dispatched, CEVA will organise the destination of each shipment and assign one of four companies working for GM to deliver the goods. CEVA will be responsible for physical verification of the products to ensure that all materials reflect the documentation issued. After the goods are dispatched, CEVA will monitor deliveries and manage the performance of the transportation companies.
CEVA will also co-ordinate reverse logistics activities from GM´s dealers through its own system and dedicated team, ensuring higher visibility for the deliveries, with quality information in real time.
For the second operation, CEVA will manage the transportation of raw materials from multiple suppliers located in the states of São Paulo and Minas Gerais, and other locations in south region of Brazil to manufacturing plants under the ‘Milk-Run model', which consists of picking up parts from several points across a single route.
The partnership between CEVA and General Motors, which started nine years ago, has quickly evolved from transportation to material handling, packaging, line feeding, sequencing and the assembly of suspensions and engines. In addition to these operations, CEVA is responsible for global material management, a service to monitor the international material flow.
"This contract represents an evolution of our partnership with General Motors, built through solid operations and a high performance services," says Philippe Masse de Souza, New Business Development Manager. "This operation, specifically, is part of CEVA's strategy to offer end to end solutions to the customer's supply chain," concludes the executive.
For more information contact:
Elisandra Casaroti
+55 11 3556-2566
elisandra.casaroti@cevalogistics.com
CEVA Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn. For more information, please visit www.cevalogistics.com.
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The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's annual and quarterly reports, available on the Company's website. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
