CEVA: Making a difference to modern utilities
21 June 2010 - 14:43 CET
What does the future hold for utilities companies?Ashby-de-la-Zouch, UK, 21 June 2010 - CEVA Logistics, one of the world's leading supply chain companies, has used its 13 years of utilities sector expertise and produced a research study to shed light on the supply chain challenges that modern utilities will face over the next five years.
High on the utilities industry agenda are the price determinations set by Ofwat (the water services regulation authority) and Ofgem (the office of the gas and electricity markets). The media predicts these external pressures will lead to jobs being cut and supply chain contractors being harder hit. CEVA's report delivers insights into the facts and what action needs to be taken to achieve the tough efficiency challenges being set by the regulator.
Sean Kelly, CEVA's Senior General Manager, for the UK & Ireland's Industrial sector explains: "The report highlights a number of key themes. Cost reduction remains a priority for modern utilities. Price control, changes in regulation, weather patterns, and environmental pressures make a big impact on the sector. Our white paper shows that maintaining the status quo is not an option and how the supply chain can often be the catalyst to helping modern utilities respond to external pressures. A planned holistic approach towards end-to-end supply chain management can deliver significant cost and performance efficiencies from procurement and stock management right through to operational delivery on site.
"The benefits of a more efficient, leaner supply chain need to be realized if supply chains are to be successful. Our expertise in the utility sector includes working closely with energy, water, gas and oil companies to develop practices designed to deliver cost savings, productivity improvements and minimize losses," says Sean.
If you wish to receive a copy of the white paper contact sean.kelly@cevalogistics.com or register on-line at http://uk.cevalogistics.com/Forms/CEVA-Utilities-White-Paper.
For more information contact:
Lindsey Randle
Communications Officer, CEVA
+44 (0)1530 568709
Lindsey.Randle@cevalogistics.com
Notes to Editors:
The study involved in-depth interviews with experienced senior executives, as well as a comprehensive study of the macro environment and factors which affect the sector from a strategic and operational viewpoint. The primary research participants included professionals from:
- Utilities and Infrastructure 58%
- Construction 21%
- Product and Materials 13%
- Machinery and Equipment 4%
- Industrial Service Providers 4%
CEVA - Making business flow
CEVA Logistics provides world class supply chain solutions for large and medium-size national and multinational companies across the globe. As an industry leader, CEVA offers customers complete supply chain design and implementation in contract logistics and freight management, alone or in combination. CEVA's integrated global network has facilities in over 170 countries and more than 46,000 employees; all dedicated to delivering consistently excellent operations and supply chain solutions. For the year ending 31 December 2009, the Group reported revenues of €5.5 billion. For more information, please visit 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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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. 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.
