Damco and Coop, one of Denmark’s largest retailers, announced they have signed a partnership agreement appointing Damco as Coop Denmark’s sole logistics partner for inbound shipments from Asia. The three-year contract commences on May 1, 2015.
Damco has been managing part of Coop’s inbound flows from Asia since 2009, and now both parties have agreed to take the partnership to the next level. Coop decided on an exclusive arrangement with Damco in order to drive strategic development and to capitalize on synergies obtained from sharing business strategies and long-term planning.
“We believe that Coop’s strategic and long term view on their supply chain priorities fits very well with what Damco does best. Having partnered with some of the world’s largest and most successful retailers over many years gives us the confidence that we can assist Coop in fulfilling their strategic objectives in the years to come”, said Mads Drejer, Chief Commercial Officer, Damco Nordics.
The new contract will include integrated supply chain management and EDI connectivity supported by key account management. One of the first benefits that Damco aims to deliver is improved freight control in key parts of Coop’s Asian supply chain.
“For the last six years, Damco has proved to be an efficient and reliable logistics partner for Coop,” said Michael Frølich, Senior Supply Chain Manager, Coop Denmark. “By appointing Damco as sole logistics provider, we can take a more strategic approach to optimising our inbound supply chain with the aim of delivering bottom-line savings for Coop Denmark.”
