CEVA’s CEO sets out challenge for the global logistics industry

• Maximum value in supply chain comes from collaborative process
• CEVA’s consulting practice providing solutions to customers
• CEVA’s Center of Logistics Excellence available for customer demonstrations.

Chicago, USA, 26 June, 2013 – Marvin O. Schlanger, Chief Executive Officer of CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, spoke as the opening keynote panelist at the 11th annual 3PL summit in Chicago.

On the supply chain industry: Schlanger said: “The breadth and depth of supply chain industry activities in support of customers are complex and critical for customer success. The range of skills, knowledge, and commitment is something we should be proud of; however, the value we deliver goes beyond just reducing the cost of handling goods. The real value comes from the customer and supplier working together to optimize the end-to-end design of a supply chain.”

Schlanger added; “CEVA has created a consulting practice to address this need and we are now delivering this value. Our Supply Chain Solutions offering is giving clients more visibility to their product movements.  These are two examples of how we will continue to focus on operational excellence for our customers.”

On the global economy:  Schlanger said: “We see it the same way as most. The overall global economy is not particularly strong. Europe in particular is weak and not improving.

“Overall, though, I am optimistic about the future.  An energy revolution in the US is creating a manufacturing renaissance that will stimulate the US economy and consumer spending.  In the past, we have seen US consumers help lift economies around the world.”

What’s next for CEVA Logistics:  “Our sights are firmly set on the future and we are focused on growing the business.  We have recently announced a number of investments and contracts that will stand us in good stead in the future.

“For example, we announced a cloud computing deal with IBM, reinforcing how we are investing in our IT infrastructure.

“We opened our ‘City of Pharma’ in Stradella, Italy, enabling CEVA to reach more than 13,500 pharmacies, hospitals and other locations.  This investment builds on our success in the ‘City of Books’ that now handles more than half the books read in Italy each year.

“We have also opened our first Center of Logistics Excellence in Jacksonville, Florida, where we demonstrate our full range of capabilities to our customers in a real operating environment.”

Schlanger added: “Our global footprint is an asset for CEVA and for our customers. Our solutions design capabilities are unsurpassed and our new offerings are finding traction in the marketplace. CEVA is well positioned for success in the supply chain industry.

“We are grateful to our customers for their business and we intend to invest more in driving value for them.”

For further information please contact:

Mike Darcy,  Media Relations, CEVA
mike.darcy@cevalogistics.com
+31 622 482 604

CEVA - Making business flow 
CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 50,000 employees in more than 160 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit http://www.cevalogistics.com

SAFE HARBOR STATEMENT: 
This news release may contain forward-looking statements.  These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2013 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively.  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, which investors are strongly encouraged to review.  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.