Damco picks up H&M deal
Published: Aug 20, 2009
India - Damco picked up a deal with Hennes & Mauritz (H&M), the world's third largest clothing retailer, to manage their supply chain in India and Pakistan.
Damco will be responsible for the management of H&M's consolidation programme, the company said in a release. The deal is also an extension to a current collaboration between the two that covers H&M's operations in Bangladesh, Cambodia, Indonesia, Sri Lanka, South Korea, Vietnam and Thailand.
"Damco will support H&M with an on-location team in India and Pakistan. Their focus will be to implement and deliver to the sharp operational KPIs, and continue to support further optimisation, performance and cost reductions in H&M's supply chain," said Martin Thaysen, Damco chief commercial officer.
"We will have the new setup and the related processes in place and finalised by mid September, ahead of H&M's peak season. The success ratio of an error-free migration will be ensured by a strong team effort between H&M representatives and an experienced Damco implementation team supporting in Hong Kong and Stockholm," he said.
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