#Heinz#Ceva#Logistics#Heinz freight#Ocean Freight#TEU#p#Logistics

Heinz makes groundbreaking freight agreement

Follow @WDMEllaCopeland H.J Heinz, one of the worlds largest ocean shippers, has announced a groundbreaking agreement this week, having broken with tra...

Freddie Pierce
|Aug 30|magazine5 min read

H.J Heinz, one of the world’s largest ocean shippers, has announced a groundbreaking agreement this week, having broken with tradition and signed an exclusive five year contract with a single logistics provider.

The transformational agreement sees the company entrust its distribution to supply chain management specialists CEVA Logistics.

SEE RELATED STORIES FROM THE WDM CONTENT NETWORK:

The two companies have agreed on a five year Oceanfreight contract, where CEVA logistics, one of the world’s leading non-asset based supply chain management companies, is entrusted with the management of Heinz’s supply chain.

This agreement represents the first time that a shipper with an annual volume of 60,000 twenty foot equivalent units (TEU’s) has given a single logistics provider with the exclusive management of it’s Oceanfreight.

Organised by Heinz’s global procurement team, the company will benefit from considerable complexity reduction, enhanced supply chain visibility and a reduced supply chain cost.

Heinz had previously distributed via direct contracts with more than 20 shipping lines.