H. J. Heinz Company and CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, on Tuesday announced a groundbreaking five year Oceanfreight contract.
In a strategy led by Heinz’s global procurement organization, the agreement represents the first time that a shipper with an annual volume of 60,000 TEUs (Twenty foot Equivalent Units) has entrusted a single logistics provider with exclusive management of its Oceanfreight. The benefits of this agreement for Heinz include a considerable complexity reduction, enhanced supply chain visibility and reduced supply chain cost.
This contract is further evidence of CEVA’s strong growth in Oceanfreight, one of the company’s key strategic priorities.
(Source: CEVA )