Supply chain management company CEVA Logistics has extended its warehousing contract with Colgate-Palmolive in Malaysia for another three years, bringing the total length of the companies’ working relationship to more than 18 years.
The contract is for home, personal and oral care products received by CEVA at its facility in the city of Shah Alam. CEVA will manage more than 140,000 square feet of warehousing, accounting for 14,000 pallet positions for delivery to Thailand and Singapore. CEVA will also manage local customs clearances of imports and exports, and cross-docking service in Singapore. The Shah Alam facility is used for deconsolidation of multiple containers every day, before products are shipped to distributors and retailers.
“We really understand their business, which enables us to provide continuous improvements in our operations to benefit their business, be that in service innovation or automating the processes involved,” said CEVA’s executive vice president of Southeast Asia, Elaine Low.
The contract extension is a good sign for the logistics company, which is allegedly on the hunt for a buyer. The company reported overall losses of US$22 million during the third quarter of 2017, but saw substantial year-over-year improvement overall, as well as a 1.7 percent, y-o-y, uptick in contract logistics revenues.
Those interested in learning more about the partnerships and infrastructure that hold together the Asian supply chain are invited to join us at Cargo Facts Asia 2018 in Shanghai 23-25 April at the Mandarin Oriental Pudong, where a round table panel will be dedicated to the topic. For more information, or to register, visit www.cargofactsasia.comLike This Post