TORONTO, Nov. 24, 2015 – GENCO, a leader in supply chain, warehousing and transportation
management solutions, and its customer, The Hershey Company, are the
Winners of the prestigious Logistics Quarterly (LQ) 2015 Third Party Logistics
(3PL) Sustainability Study Award. This annual awards program recognizes
third-party logistics providers that work closely with their customers to
demonstrate leadership and innovation in sustainable supply chain practices.
GENCO and Hershey were recognized for
implementing innovative, sustainable practices that have resulted in improved
service, environmental performance, and cost effectiveness in Hershey’s, as
well as other GENCO customers’ supply chain operations.
The LQ 3PL Sustainability Award Evaluation
Committee selected GENCO as the Best 2015 3PL Performer in Sustainability
Winner, representing the finest of the three finalists. GENCO will be
presenting at LQ’s Symposium in Toronto, Canada, on November 5. In addition to
collaboration, LQ’s Evaluation Committee considered each 3PL finalist’s strategic
vision in this area, as well as their performance in economic, environmental
and societal areas of sustainability.
The
three finalists were selected by LQ’s Executive Editors, Dave Closs, PhD, LQ Executive Editor, and Professor, Michigan State
University; and
Thomas Goldsby, PhD, The Ohio State University, based on applications submitted
earlier this year by 3PLs and their clients documenting their best practices
together.
At
LQ’s November 5th Symposium, which was held at the University Club
of Toronto, it was noted that this year LQ’s 3PL Sustainability Study and
Awards Program had some 178 unique entries from leading logisticians from
across North America, by LQ’s Executive Editor, Dr. Thomas Goldsby, Professor
of Logistics, The Ohio State University.
LQ’s team also expressed its appreciation
to leading Canadian and American organizations for
their contribution to the success of this
year’s program, including: The Canadian Institute of Traffic and Transportation
(CITT); The Canadian International Freight Forwarding Association (CIFFA); The
International Association for Contract and Commercial Management (IACCM); The
National Shippers Strategic Transportation Council (NASSTRAC); The
Transportation Intermediaries Association (TIA); The Transportation Marketing
and Sales Association (TMSA); Women In Trucking
About
LQ’s SC Study and Awards Program
This
year LQ’s 3PL Sustainability Study and Awards Program introduced a data-driven
benchmarking approach to help companies reduce costs, enhance performance, and
reduce waste, through the study’s introduction of a new
supply chain maturity matrix. This year LQ’s Study and Awards Program contained
two sections; a newly introduced Supply Chain Benchmarking Study included in
the First Section of LQ’s 3PL Sustainability Study, as well as the traditional
Second Section that is comprised of case-study oriented questions. Participants
were required to complete both sections to be candidates for placement in LQ’s 3PL
Sustainability Study and Awards Symposium (2015). For more
information, please visit: www.LogisticsQuarterly.com
About
GENCO
GENCO, a subsidiary of FedEx Corp. (NYSE:
FDX), is a leading supply chain solution provider specializing in product
lifecycle logistics® for technology, retail, consumer and industrial goods, and
healthcare industries. Operating more than 38 million square feet throughout
North America, GENCO provides a comprehensive range of integrated logistics
services to enable growth, minimize cost, mitigate supply chain risk, and
improve customer service. Services include inbound logistics, warehousing and
distribution, fulfillment, contract packaging and product configuration,
systems integration, returns processing and disposition, test, repair,
refurbishment, product liquidation, and managed transportation. Visit genco.com for
more information.
