H. J. Heinz Company and CEVA Logistics, the non-asset based supply chain management company, have announced a five-year Oceanfreight contract.
In a strategy led by Heinz's global procurement organisation, the agreement is reported to represent 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.
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