Menlo Worldwide Lands Contract With Jabil Circuit, Inc.
Menlo to Provide Centralized, Third-Party Warehousing and Fulfillment Services in Support of Jabil's U.S. Operations
SAN MATEO, Calif., May 1 -- Menlo Worldwide announced today it has signed an agreement with Jabil Circuit, Inc. , a global electronic products solutions company, to provide third-party logistics services in support of Jabil's global supply chain and U.S.-based assembly and fulfillment operations.
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The contract calls for Menlo to provide services including:
-- Establishing a warehouse facility and managing the receipt, storage and
staging of inventory for Jabil's US assembly operations in Memphis.
-- Receiving and managing fulfillment of orders for parts, components and
semi-finished goods for delivery to Jabil's customer's plants, which
then assemble components into finished goods for end-use customers.
"We're pleased to be able to extend and deepen our relationship with Jabil Circuit," said Robert L. Bianco, president of Menlo Worldwide, who noted that the company also supports Jabil's manufacturing operations in Guadalajara, Mexico and Singapore. "We have a strong focus and competency with logistics operations for global technology clients. This expanded relationship is further validation of our momentum and traction as we grow our business in this important market vertical."
Menlo has selected Memphis, Tennessee as the location for the distribution operation serving Jabil. Menlo is providing a 150,000 square foot facility, as well as racking and storage equipment, warehouse operations personnel, inventory management processes and systems, transportation management and logistics services.
The assignment supports Jabil's supply chain and manufacturing operations by providing dedicated warehouse and inventory control resources that can be deployed rapidly and can "flex" with cyclical production and customer demand, noted John Novotny, Jabil's director of global logistics. "Our objective is to deploy best-in-class warehouse and inventory management practices that help drive efficiencies into our operations, and enable us to respond to our customers with more precision and flexibility," said Novotny.
About Menlo Worldwide -- Menlo Worldwide, headquartered in San Mateo, California USA, is the US $1.4 billion supply chain services subsidiary of Con-way Inc. The company manages a full range of logistics activities in North America, Europe and Asia for companies primarily in the automotive, technology, manufacturing, food and beverage, consumer product, chemical and retail industries. Con-way is a $4.2 billion freight transportation, logistics, supply chain management and trailer manufacturing company. Further information about Menlo Worldwide and additional press releases are available via the Internet at www.menloworldwide.com.
About Jabil -- St. Petersburg, Fla.-based Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and more cost effectively by providing complete product supply chain management around the world. With more than 55,000 employees and facilities in 20 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". Further information is available on the company's website: jabil.com.
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