SINGAPORE, Oct. 25, 2012 /PRNewswire/ -- CEVA Logistics, a leading global supply chain management company, was presented with the Supply Chain Innovation Award at this year's SCM Logistics Excellence Awards held in Singapore recently.
The annual SCM Logistics Excellence Awards are designed to honor leading supply chain organizations for excellence in supply chain management and logistics. Companies and practitioners who have successfully engineered their supply chains to achieve greater agility and profitability are recognized by the industry for their outstanding achievements. The Supply Chain Innovation Award is a brand new category in this year's honor roll to commend the company that has applied innovative thinking and measures to improve their business performance and impact the market.
Nominations for each category were judged and finalists shortlisted by a select panel of distinguished industry professionals and supply chain academia. The winners of each category were then selected through online voting by a wider audience of industry peers, supply chain and logistics professionals across Asia.
Elaine Low, CEVA's Executive Vice President for Business Development, Asia Pacific said, "I am delighted to receive the Supply Chain Innovation award on behalf of CEVA. This award is all the more meaningful for us as the market becomes more dynamic and complex, and we are clearly recognized in the industry for our innovative thinking and solutions that meet today's supply chain needs. We believe the close collaboration we have with our customers and suppliers, and the dedication of our employees, enable CEVA to continue creating value through innovation for our customers' success."
CEVA's presence in over 170 countries provides a truly global network with local expertise in various market sectors to support the logistics needs of its customers.
CEVA - Making business flow
CEVA Logistics, one of the world's leading, non-asset based supply chain companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 51,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2011, the Group reported revenues of EUR 6.9 billion. For more information, please visit www.cevalogistics.com.
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company's expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2012 and the other non-historical statements. These statements can be identified by the use of words such as "believes" "anticipates," "expects," "intends," "plans," "continues," "estimates," "predicts," "projects," "forecasts," and similar expressions. All forward-looking statements are based on management's current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company's global operations, fluctuations and increases in fuel prices, the Company's substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. 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, which investors are strongly encouraged to review. 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.
For more information contact:
CEVA Logistics
Wen Dee Foo
Director, Marketing and Communications, Asia Pacific
Tel: +65 65072650
Email: wendee.foo@cevalogistics.com
