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The Awards Committee at the Global Institute of Logistics (GIL) has designated PWC Logistics as the recipient of its 'Best 3PL in GCC Region 2004-5' accreditation. The award comes on the heels of a detailed research and selection process into leading providers of supply chain and third party logistics (3PL) services in the region.
Presenting the award at a ceremony held in Dubai, Siobhan KellyLead Analyst of GIL said: “In PWC Logistics, we have found all of the key ingredients needed to succeed as a global 3PL. The company’s massive transactional experience, gained since its inception in 1979, together with intelligent investment in supply chain execution software have seen PWC Logistics gain the necessary experience needed to step out of its own backyard. The event was attended by several of PWC's clients and representatives from the Dubai Ports Authority.
"In pursuit of regional scalability, PWC Logistics has made excellent acquisitions, created key partnership agreements, and above all, added to what was already an enviable client list in double quick time - clearly making it the market leader in the region," she stated.
The comprehensive study conducted by the research department of GIL, spread over the last year, draws on a quality-ranking system based on responses provided by concerned parties within the global logistics end-users sector.
The purpose of the study was to set forth criteria and procedures for governing material flow in the sector, to highlight the unity of different functions in supply chain, and to establish which organisations played an ability to react most quickly to the changing face of logistics and make the most significant contribution to lean manufacture.
It also investigated the role played by logistics providers in developing outbound solutions for manufacturing, the components of their supply chain that ensure the smooth flow of goods, and value-added services and customer requirements. The outcome of the study saw PWC Logistics emerge as the unequivocal choice of the Awards Committee for the title of leader in the logistics sector in the GCC region.
In response to the announcement, PWC Logistics' UAE General Manager, Mike Lee, said “This is indeed a great commendation for PWC Logistics, and demonstrates that we have achieved significant success in the region. In a short span of five years, not only have we succeeded in educating customers about the benefits of outsourcing their logistics operations to a 3PL company, but have also managed to help them improve the quality of their supply chain, thereby saving them valuable time and money.
"This accreditation recognises PWC Logistics' outstanding contribution to logistics, and in particular, its commitment to the development of comprehensive and professional supply chain solutions. We have adopted a progressive strategy to accommodate the high demand driven nature of the local economy, for which warehouse space and inventory management is necessary and PWC Logistics has proven itself to be at the forefront in the advancement of the sector," Lee added.
About GIL:
The Global Institute of Logistics is the global forum for the Third Party Logistics (3PL) industry. The forum serves its members by providing the platform for discussion and debate on the issues affecting the third party logistics industry, both regionally and globally. Membership is drawn from the world's third party logistics community and is by invitation. Participants are organisations who have met the necessary standards for membership. The Institute promotes third party logistics to end-users through its circulation of regional and global reports.
About PWC Logistics:
PWC Logistics is a wholly owned subsidiary of The Public Warehousing Company (PWC) Group. The company endeavours to facilitate trade through innovative supply chain solutions and has a policy of continuous improvement of its services to both meet customer requirements and ensure customer satisfaction. PWC has a well-established network across the GCC region and its customer-focussed team has achieved the Quality Management Standards ISO 9001: 2000, ISO14001 and OHSAS 18000 certification across all operations. Services include transportation; warehouse and fleet management; inventory replenishment and order processing, and related solutions and value added services. PWC Logistics is currently listed on the Kuwait Stock Exchange and has a shareholder base that comprises both private and public sector investors.
The Citation:
"In what can only be described as one of the world’s most progressive yet challenging markets, PWC Logistics has pursued a policy of providing first class third party logistics services since its privatisation in 1997. Clearly aware of the needs of its clients and indeed those of today’s ever-global brands to partner with 3PLs with a strong regional presence, PWC Logistics has embarked on an extensive expansion plan across the region.
Through a mixture of acquisition, joint venture and start up, the company’s policy has seen it emerge as the key name in the provision of GCC wide logistics services.
By its very nature the region is import driven and to that end PWC tailor their services to provide comprehensive warehousing and inventory management. This aspect of the company’s work is evidenced by the decision of the U.S Defence Logistics Agency to award PWC its contract for the supply of prime vendor food and non-food products to the U.S. Army, Navy, Marines and Air Force operating in the regions of Kuwait, Qatar and Iraq.
In coming to its decision to accredit PWC with its Best 3PL in the G.C.C. award the institute’s Awards Committee is recognising the outstanding contribution that the company has made to the development of logistics in the region. In its review of the research departments appraisal, the Committee were left in no doubt as to PWC’s ambition to succeed on both regional and global terms an ambition we believe that is well founded and destined to succeed.
Supported by blue chip brands (including the U.S. government) clearly aware of the company’s extensive market knowledge and its ability to interpret and respond to the most challenging environments, PWC Logistics has been instrumental in opening new markets right through out the G.C.C. region.
That’s what the 3rd party logistics sector is all about - partnering with the best, being the best and bringing the best product into new and lucrative marketplaces.”
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