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HOUSTON, Aug. 20 /PRNewswire/ -- CEVA Logistics, one of the leading supply
chain companies in the world, was recognized as the recipient of two "Kaizen
Challenge Awards" by Toyota Motor Sales (TMS) at its annual Logistics Partner
meeting, for the second consecutive year. The Kaizen Challenge gives TMS'
service providers an opportunity to work with the company to improve its
business processes. Kaizen, which means "continuous improvement," is a key
component of the Toyota Production System (TPS) and exemplifies the company's
continuous efforts to achieve the highest quality, lowest cost and shortest
lead-time.
This year, CEVA's winning entries focused not only on process improvement
and cost savings, but also on environmental and safety awareness. "Clean
Sweep," the first of CEVA's kaizen projects, targeted unkempt work areas and
warehouse and equipment placement. CEVA's redesign of the work area in the
warehouse has resulted in improved safety, increased productivity and
standardized work processes. For the second winning project, "Go Green," CEVA
developed a pallet model for the local transfer from Toyota North American
Parts Center California (NAPCC). The outcome of this project has been improved
pallet utilization, warehouse utilization and environmental footprint for
Toyota and CEVA.
"CEVA is an outstanding partner of Toyota, exhibiting the highest
commitment to kaizen and continuous improvement. In recognition of their
superior performance CEVA was presented with not one, but two of our four
Kaizen awards," said Carole Suwa, Toyota Logistics Operations Manager, North
American Parts Operations. "CEVA was selected from among more than 20 of our
key logistics partners who participated in the Kaizen Challenge Program.
Toyota sincerely thanks the staff at CEVA for their hard work and dedication
to Toyota and our partnership in the spirit of kaizen."
"I am very proud of our partnership with Toyota and our accomplishments as
a team. It is especially rewarding when we can work together to develop
environmentally responsible solutions that improve processes in a
cost-efficient manner," said Joe Bento, CEVA President, Americas and Global
Freight Management.
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We
provide end-to-end design, implementation and operational solutions in
contract logistics and freight forwarding to large and medium-sized national
and multinational companies. CEVA employs 54,000 people and runs an extensive
global network with facilities in over 100 countries. Following the merger
with EGL in August 2007, the new combined company had pro forma sales of euro
6.3 billion. For more information, please visit http://www.cevalogistics.com
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
of 1995:
The statements included in this news release, and other statements that
are not historical facts, may contain forward-looking statements. In addition
to the assumptions specifically mentioned in the above paragraphs, there are a
number of other factors that could cause actual results and developments to
differ materially from those expressed or implied by these forward-looking
statements. These factors include, but are not limited to, the process of
combining EGL and CEVA, the actual effects of recent and future regulatory
changes and technological developments, globalization, levels of spending in
major economies, the economic climate in Asia and the US, levels of marketing
and promotional expenditure, actions of competitors and joint venture
partners, employee costs, future exchange and interest rates, changes in tax
rates, unexpected costs of integrating recently acquired businesses and future
business combination or dispositions and other factors detailed in risk
factors and elsewhere in CEVA and EGL's most recent Annual Reports, including
but not restricted to the EGL Annual Report on Form 10-K. 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 filings with the Securities and Exchange Commission. 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. EGL and
CEVA disclaim any intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events or
otherwise.
SOURCE CEVA Logistics
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