SHANGHAI, Nov. 14, 2012 /PRNewswire/ -- CEVA Logistics, one of the world's leading supply chain management companies, announced today that the company has been awarded the Best 3PL Supply Chain Provider in the 2012 CHaINA awards.
The CHaINA Awards is one of the most prestigious and largest industry awards in Asia. The award was initiated by the Global Supply Chain Council, Asia's largest professional organization dedicated to furthering the knowledge, understanding, and career development of executives, managers, and professionals in the field of supply chain, logistics and procurement management. Each award embodies the innovation, excellence and success carried throughout a project or an initiative implemented in China.
CEVA's winning submission this year is for a project related to the solution design and management of reverse logistics for a sporting goods company. This project included establishing and managing a large processing and distribution center which manages the pick-up and delivery for more than 100 wholesalers and thousands of retailers nationwide. CEVA provided professional management and innovative solutions including site location, layout design, resource planning and provision, cost model, operational procedure and systems support. Utilizing CEVA Ground's extensive domestic network, CEVA demonstrated impeccable execution by exceeding the high KPIs set in an extremely critical and dynamic operating circumstances to satisfy the customer's requirements. These were the key success factors contributing to CEVA's award win.
Max Henry, the founder of the Global Supply Chain Council said: "All winners are selected by on-line voting this year. CEVA has proven that it has provided high level 3PL services to its customer and successfully gained the highest number of votes by logistics professionals and customers."
"Domestic transportation is one of the main services that we are focused on. We have completed the buy-out of CEVA Ground in China this year and integrated it with CEVA's global network," said Jurrie-Jan Tap, Vice President, Business Development, China. "By doing this, we are able to maximize CEVA Ground's domestic capability to provide integrated solutions to customers. Winning this award is solid proof that CEVA is not only an international leader but also a powerful domestic player in the China market."
This is the second consecutive year CEVA has been named the winner of The Best 3PL Supply Chain Provider and was also a winner of this category in 2008.
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 ended 31 December 2011, the Group reported revenues of EUR6.9 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
Anita Wei
Marketing and Communications Manager, Greater China
Anita.wei@cevalogistics.com
+86-21-2310-7000
