Damco selected as supplier of supply chain management services for H&M in India and Pakistan
Damco was appointed by Hennes & Mauritz (H&M), the world's third-biggest clothing retailer as its supply chain management partner in India and Pakistan. Damco will be responsible for the management of H&M's consolidation programme.
Tweet-- This is an extension to H&M’s and Damco’s current collaboration that already covers H&M’s operations in Bangladesh, Cambodia, Indonesia, Sri Lanka, South Korea, Vietnam, and Thailand.
Martin Thaysen, Damco Chief Commercial Officer, says: “We are very pleased to take on this great opportunity, growing our relationship with H&M. We have long lasting relationship with H&M, and look forward to provide H&M with our services in these additional markets, supporting H&M's growth.
“Damco will support H&M with an on-location team in India and Pakistan. Their focus will be to implement and deliver to the sharp operational KPIs, and continue to support further optimisation, performance and cost reductions in H&M’s supply chain.
“We will have the new setup and the related processes in place and finalised by mid September, ahead of H&M’s peak season. The success ratio of an error-free migration will be ensured by a strong team effort between H&M representatives and an experienced Damco implementation team supporting in Hong Kong and Stockholm.”
Notes to Editor
About Damco
Damco is the new, combined brand of the A.P. Moller - Maersk Group's logistics activities, currently known as Maersk Logistics and Damco.
Damco offers a broad range of supply chain management and freight forwarding services to customers all over the world, and has 10,500 colleagues in 272 offices, covering over 93 countries in Africa, Asia, North America, Europe, Middle East, and Latin America.
In 2008, the company had a net turn-over of USD 2.8 billion, shipped more than half a million TEUs ocean freight, air freighted over 60,000 tonnes, and handled over 50 million cubic metres (equivalent to 2 million TEUs) for our supply chain management customers
Damco is an independent business activity within the A.P. Moller - Maersk Group.
For more information, refer to attached company profile or visit www.maersklogistics.com and www.damco.com.