CEVA renews its partnership with Mannatech
18 January 2010 - 16:01 CET
CEVA manages nutritional supplements supply chain in South AfricaJohannesburg, South Africa, 18 January 2010 - CEVA Logistics, a leading global supply chain management company, has renewed its partnership with Mannatech, a company developing innovative, high-quality, proprietary nutritional supplements, skin care solutions and weight management products.
Over the course of the three-year contract, CEVA will take charge of Mannatech's supply chain in South Africa. CEVA will continue to manage inbound logistics and warehousing activities, oversee product distribution and home deliveries throughout South Africa. Moreover, CEVA will offer picking and packing solutions, product tracking and returns management. CEVA dedicates 130 sq m of warehousing space in Johannesburg to Mannatech and will handle around 300,000 items per year.
Pam Cornish, CEVA's Regional Director for South Africa, said; "The personal and healthcare market demands market expertise, focused support and speed in its logistics partners. CEVA's vast experience of this industry allows us to continuously innovate in our technologies and procedures to support the requests of this sector. We are delighted that Mannatech decided to choose CEVA once again and our aim is to optimize its nutritional supplements supply chain in South Africa through our strong presence across the region and industry-focused flexible solutions. "
Chris Simons, Country Manager at Mannatech South Africa, said; "We chose to extend this contract with CEVA based on the unparrelled support we have received since the beginning of our two year partnership. We anticipate that the next three years will see global change across the healthcare market and we believe that CEVA is the right logistics provider to see us through these transient times".
Since its inception in 1994, Mannatech has established itself as a key player in the wellness industry. The company's priority has been to offer the potential of good health and wellness through scientifically developed and analyzed nutritional products that are safe and effective. Investing in Research & Development activities, Mannatech has implemented quality assurance touch points throughout the entire formulation and packaging process.
For more information contact:
Burson-Marsteller
Laura Poggio
+39 02 72143 527
laura.poggio@bm.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.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:
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, CEVA's substantial leverage, 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's most recent annual and quarterly 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.
