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H. J. Heinz Co., the U.S. food company famous for its ketchup, and CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, announced a groundbreaking five-year ocean freight contract.
In a strategy led by Heinz’ global procurement organization, the agreement represents the first time that a shipper with an annual volume of 60,000 TEU’s has entrusted a single Logistics provider with exclusive management of its ocean freight. The benefits of this agreement for Heinz include a considerable complexity reduction, enhanced supply chain visibility and reduced supply chain cost.
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