Nu Skin Enterprises Selects XPO Logistics as Global Lead Logistics Provider
June 13 2017 - 4:30PM
GREENWICH, Conn. - June 13, 2017
- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of
transportation and logistics solutions, today announced that it has
been selected by Nu Skin Enterprises, Inc. as global lead logistics
provider under a multi-year contract. Nu Skin is a $2.2 billion
provider of premium-quality beauty and wellness solutions to
markets in Asia, the Americas, Europe, Africa and the Pacific.
In collaboration with Nu Skin, XPO is developing
an integrated, global supply chain logistics solution that utilizes
proprietary technology for end-to-end management of product flows.
Components include transportation management, warehousing and order
fulfillment, as well as value-added services such as co-packing,
kitting and real-time inventory tracking. The network will be
managed through regional control towers around the world.
"Our growth strategy requires that we transform
our supply chain logistics through scale and innovation," said Brad
Morris, Nu Skin vice president of logistics and fulfillment. "In
XPO, we've found a partner with industry-leading capabilities and
the commitment to invest with us. Together, we're building a
next-generation supply chain logistics partnership that will
support our expansion well into the future through continuous
improvement."
Ashfaque Chowdhury, XPO Logistics president,
supply chain-Americas and Asia Pacific, said, "We're excited to
work with Nu Skin as the architects of their supply chain logistics
transformation. Our team is engineering a technology-rich
infrastructure that will be highly efficient on a global scale.
This partnership will benefit Nu Skin's distributors, sales
associates, retailers and end-customers."
In the first operational phase, XPO will establish
a control tower and distribution center in Singapore, and assume
responsibility for transportation management and satellite
warehouses throughout Southeast Asia and the Pacific, with
expansion into other regions projected to follow.
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics
provider of cutting-edge supply chain solutions to the most
successful companies in the world. The company operates as a highly
integrated network of people, technology and physical assets in 34
countries, with over 89,000 employees and 1,431 locations. XPO uses
its network to help more than 50,000 customers manage their goods
more efficiently throughout their supply chains. The company has
two reporting segments: transportation and logistics, and within
these segments, its business is well diversified by geographies,
verticals and types of service. XPO's corporate headquarters is in
Greenwich, Conn., USA, and its European headquarters is in Lyon,
France.www.xpo.com
Media Contact:
XPO Logistics, Inc.
Erin Kurtz, +1-203-489-1586
erin.kurtz@xpo.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: XPO Logistics, Inc. via Globenewswire
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