| |
| 4.23.2002 |
|
WorldWide Retail Exchange Announces Launch of
WorldWide Trade Logistics Suite and Strategic Alliance with NextLinx
Corporation
NextLinx To Provide Technology Behind
Global Trade Logistics Solutions
|
|
BARCELONA, ECR EUROPE (April 23, 2002)
- The WorldWide Retail Exchange (WWRE®), the premier business-to-business
exchange for retailers and suppliers, today announced the launch
of its WorldWide Trade Logistics (WTL) suite and strategic alliance
with NextLinx Corporation, a leading provider of global trade
content and management solutions. The WTL suite - which addresses
trade compliance, logistics cost estimation and analysis - is
designed to streamline and automate global supply chain trade
logistics operations in one centralized location.
"Logistics, import/export complications and complex legal
requirements can cause companies significant time delays and
financial strain. Adoption of the WTL solution will enable WWRE®
members to help avoid these basic impediments and significantly
cut costs," said Jim Schwab, WTL product director at the
WWRE®. "Importantly, members who take full advantage
of these solutions can market their supply chain efficiencies
as competitive advantages."
Through the use of WWRE® solution offerings, members of
the Exchange have collectively saved approximately $408 million
on transaction volume of over $2.7 billion. Savings per member
currently average $4.5 million. The WWRE® continues to expand
its solution offerings, add functionality to existing solutions
and further strengthen its value to members.
NextLinx and the WWRE® formed the alliance to take the
Global Trade Compliance and Landed Cost Analyzer solutions to
market by providing both the application and the global content
needed to facilitate global trade compliance and landed cost
calculations. The solutions are powered by NextLinx's Trade
Services application and content from Global Knowledge, one
of the industry's leading comprehensive databases of global
trade content and international business rules, which contains
97 chapters of the Harmonized Tariff Schedule for shipping any
product to over 110 countries comprising over 99 percent of
world trade.
"By providing services for the WWRE®'s members worldwide,
we will have yet another opportunity to validate that our trade
content and innovative business logic integrate seamlessly to
provide the best global trade logistics solution today. We are
excited about our partnership with the WWRE® and believe
it will further expand our footprint in the global e-retail
space," said Rajiv Uppal, chief executive officer of NextLinx.
"The relationship we've created with NextLinx provides
WWRE® members with a solution that has the potential of
adding considerable value to the global logistics area of a
member's business operations," remarked Pete Plotas, director
of strategic alliances for the WWRE®.
The Global Trade Compliance solution enables WWRE® members
to efficiently determine compliance with various government
regulations, including real-time screening against government
denied parties lists during the fulfillment process, determining
required forms, documents or licenses before a product is shipped
and assigning classification codes. The Landed Cost Analyzer
solution allows members to calculate the total cost of delivered
products including customs duties, taxes and other governmental
charges. This added capability allows buyers and sellers to
compare costs and make quick purchasing decisions with more
complete, accurate and up-to-date knowledge than ever before.
"Using the WWRE®'s Global Trade Compliance tool allows
members a more efficient means to explore opportunities in new
markets and also provides a fast and accurate tariff classification
system with true costs for importing and exporting large quantities
of goods across borders," said Stuart Blackery, senior
project manager at Tesco. "Members using the Landed Cost
Analyzer will benefit from up-to-date duty and tax data - essential
information for aiding decisions during the sourcing process."
About the WWRE®
The WWRE® is the premier Internet-based business-to-business
exchange in the retail e-marketplace. The Exchange was created
with the fundamental purpose of reducing costs and improving
efficiencies throughout the supply chain, employing product
and service solutions typical of a global procurement and supply
operation. Designed to facilitate and simplify trading between
retailers, suppliers, partners and distributors, the WWRE®
currently consists of 61 members from Africa, Asia, Europe,
North America and South America with combined sales of approximately
U.S. $855 billion. To date, the WWRE® has saved its members
over $400 million through the use of online negotiations, its
first product offering. For more information, visit the website
at www.wwre.org
or www.worldwideretailexchange.org.
About NextLinx
NextLinx Corporation is the leading provider of global trade
management solutions. NextLinx's software and web services solutions
combine global trade business rules and country-specific trade
data, consisting of denied party lists, landed cost components,
import and export controls, customs duties and documentation,
to help companies reduce the risks and costs associated with
importing and exporting goods across international borders.
NextLinx's prestigious list of customers include: Boeing, FedEx,
UPS, ABN AMRO, Cisco Systems, 3Com, Fairchild Semiconductor,
Rockwell Automation, Sotheby's and Panasonic. For additional
information, please visit us at www.nextlinx.com.
For more information:
Laura Battle
Edelman Worldwide
312/233-1374
laura.battle@edelman.com
Pavni Guharoy/Denise Kennedy
For NextLinx Corporation
240-372-8394, 301-315-4735
pavni_guharoy@nextlinx.com,
denise_kennedy@nextlinx.com
|
| |
WWRE Members:
AEON Co., Ltd (Japan, TSE: 8267)
Ahold (The Netherlands, NYSE: AHO)
Albertson's (U.S., NYSE: ABS)
Auchan (France)
Best Buy (U.S., NYSE: BBY)
The Boots Company (U.K., LSE: BOOT.L)
C&A Europe (Belgium)
Casino (France, Parisbourse: 12558)
Controladora Comercial Mexicana S.A. de C.V. GDS (Mexico, NYSE:
MCM)
Coop Italia (Italy)
Coop Schweiz (Switzerland)
Cora (France, PSE: 06176)
CVS/pharmacy (U.S., NYSE: CVS)
Dairy Farm International (Hong Kong, SES: DAIR.SI/Reuters, DAIRYNEW
SP/Bloomberg)
Dansk Supermarked (Denmark)
Delhaize Group (Belgium, BSE: DEL)
Dixons Group plc (U.K., LSE: DXNS)
Edeka (Germany)
El Corte Ingles (Spain)
Galeries Lafayette (France, Parisborse: 12124)
Gap Inc. (U.S., NYSE: GPS)
Giant Eagle (U.S.)
H.E. Butt Grocery Company (U.S.)
Hy-Vee (U.S)
J.C. Penney (U.S., NYSE: JCP)
John Lewis (U.K., JLH)
Kesko (Finland, HEX: KES)
Kingfisher (U.K., LSE: KGF)
|
Kmart Corporation (U.S., NYSE: KM)
Laurus (The Netherlands)
Longs Drugs (U.S., NYSE: LDG)
Lotte Group (South Korea, Q.LOT)
Makro Asia (Bangkok)
MARKANT (Germany)
Marks & Spencer (U.K., LSE: MKS)
Meijer, Inc. (U.S.)
Otto Versand (Germany)
Publix Super Markets (U.S.)
RadioShack Corporation (U.S., NYSE: RSH)
REWE (Germany)
Rite Aid Corporation (U.S., NYSE, PSE: RAD)
SCA Hygiene Products (Sweden)
Safeway Inc. (U.S., NYSE: SWY)
Safeway plc (U.K., LSE: SFW.L)
Schering-Plough HealthCare Products
Schlecker (Germany)
Seibu Department Stores Ltd. (Japan)
ShopKo Stores, Inc. (U.S., NYSE: SKO)
Sobeys Inc. (Canada, TSE: SBY)
SUPERVALU INC. (U.S., NYSE: SVU)
Target Corporation (U.S., NYSE: TGT)
Tengelmann Group (Germany)
Tesco (U.K., LSE: TSC.OL)
Toys R Us (U.S., NYSE: TOY)
Wakefern Food Co. (U.S.)
Walgreen Co. (U.S., NYSE: WAG)
Wegmans Food Markets, Inc. (U.S.)
Winn-Dixie Stores, Inc. (U.S., NYSE: WIN)
Wooltru Ltd. (South Africa, JSE: WLO)
Woolworths (Australia, ASX: WOW)
|
|
| .::Back
to Top::. |
 |
|
|
| |
|
|
| |
|
|