June 26, 2018 (Dallas, TX) - Transplace, a leading provider of transportation management services and logistics technology solutions, today announced that it was awarded Sonoco's (NYSE: SON) Strategic Partnership Award at the 2018 Sonoco Supplier Summit. Transplace was selected for completing an end-to-end assessment of Sonoco's logistics operations in order to optimize its transportation processes and spend.
One of the largest diversified global packaging companies, Sonoco produces packaging for many of the world's most recognized brands in markets such as appliances and electronics, automotive, beverages, frozen and refrigerated food and more. Each year, Sonoco recognizes key suppliers that have demonstrated new value creation and a commitment to sharing resources to create innovative and sustainable solutions that improve Sonoco's business, support organizational changes and help meet changing needs.
"Sonoco selected Transplace because of its scale, strong engineering capabilities and knowledge of the North American freight network; and the partnership has added significant value to our organization," said Richard Wynne, global sourcing director, Sonoco. "The Transplace-led evaluation of Sonoco's people, processes and infrastructure became the roadmap to becoming a much-improved and technology-equipped organization that is better prepared for and more effective in today's dynamic market. Transplace has been a valuable partner in our logistics operations and it is our pleasure to present them with our 2017 Strategic Partnership Award."
As part of the relationship, Transplace effectively supports Sonoco's sourcing process for its truckload spend, created and supports the company's baseline metrics along with a three year roadmap that will deliver significant return-on-investment (ROI) via network optimization, revamped processes and advanced technology. In turn, access to real-time business intelligence dashboards and reporting allows Sonoco to better track transportation spend and performance.
"In today's competitive market, it was critical for Sonoco to understand how its logistics operations compared with peer groups and gain an honest assessment of where it needed to improve to compete and service the needs of its internal and external customers," Ben Cubitt, senior vice president for engineering and procurement, Transplace. "This award demonstrates the value that Transplace has been able to provide, and we will continue to leverage our engineering capabilities, scale and sourcing best practices to deliver meaningful and sustainable results for Sonoco."
Connect with a Transplace expert to learn more about our transportation management and engineering services: transplace.com/transplace-contact/
Founded in 1899, Sonoco (NYSE: SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the Company has 21,000 employees working in more than 300 operations in 33 countries, serving some of the world's best known brands in some 85 nations. Sonoco is committed to Better Packaging. Better Life., and ranked first in the Packaging sector on Fortune's World's Most Admired Companies 2018 list. For more information, visit www.sonoco.com.
Transplace is the leading provider of transportation management services and logistics technology, helping manufacturers, retailers and distributors optimize supply chain operations and increase financial performance. Offering a complete suite of transportation management, strategic capacity, and cross-border & global trade services, Transplace's customizable logistics solutions and best-in-class technology gives businesses greater control of their transportation operations and enhanced visibility of shipments and overall supply chain performance. With deep expertise in key vertical markets, including consumer packaged goods, manufacturing, retail and chemicals, Transplace works to strategically design and manage customer networks in the most efficient, cost-effective manner. As North America's largest transportation management provider, Transplace leverages its entire network to solve large-scale, complex supply chain problems for its customers. From small-to-medium businesses to global brands, Transplace delivers the optimal blend of actionable business intelligence and operational excellence you need to manage your supply chain with certainty. Learn more at www.transplace.com.
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