Industry Leaders in Mexico Exchange Insights and Ideas about the
Future of Transportation and Supply Chain
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management, dedicated
transportation, and supply
chain solutions, along with the Instituto Tecnológico de Monterrey,
recently hosted its second annual thought leadership forum at the Hotel
Camino Real in Monterrey, Mexico. The event featured an exclusive
gathering of senior Mexican leaders in transportation and supply chain
from various industries including food, beverage, automotive, and
consumer packaged goods (CPG) who provided strategic insight, new ideas,
and thought leadership.
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Dr. Edgar Blanco conducting his presentation titled "Supply Chain Innovations in Emerging Markets" at the Ryder hosted thought leadership event. (Photo: Business Wire)
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“With U.S.-Mexico trade booming, and the near-shoring trend gaining
momentum, Mexico is becoming a key strategic market in global supply
chains,” said Gene Sevilla, Vice President of Ryder International Supply
Chain Solutions. “As a leading third-party logistics provider in Mexico,
Ryder is well positioned to help customers manage their critical supply
chain functions and gain a competitive edge.”
During the event, a presentation titled “Supply Chain Innovations in
Emerging Markets,” was conducted by Dr. Edgar Blanco, Research Director
in the Center for Transportation & Logistics (CTL) at the Massachusetts
Institute of Technology (MIT). Dr. Blanco’s presentation highlighted the
importance of innovation and the types of changes currently being made
in the logistics sector that are adding value to supply chains around
the world.
“Today’s consumers demand convenience and speed," said Dr. Blanco.
“Whether it’s in-store or online, pick up or same day delivery, they
want more choices to get the products they want, when and where they
need them, and this means companies need greater supply chain
visibility, and flexible distribution networks to accommodate their
needs. Supply chain operations in Mexico have a great potential to
become a premier solution for various industries and businesses,
especially with the inclusion of the latest advances in technology.”
Ryder Mexico provides comprehensive logistics and supply chain
management solutions to companies with operations in Mexico. Ryder
Mexico manages more than 3.1 million square feet of warehouse and more
than 3.7 million square feet of yard space in Mexico and handles more
than 3,000 cross-border freight movements between the U.S. and Mexico a
week. Globally, the Ryder
Supply Chain Solutions business segment manages approximately 35
million square feet of warehouse space and contracts with more than
1,600 carriers in all modes of transportation in the markets it serves.
Ryder is a $6.6 billion commercial fleet management, dedicated
transportation, and supply chain solutions company, with operations
primarily in the U.S., Canada, Mexico and the U.K., as well as in parts
of Asia. The Company, founded in 1933, operates behind the scenes,
managing critical transportation and logistics functions for more than
50,000 customers, many of which make the products that consumers use
every day. Ryder employs more than 30,000 people and manages a fleet of
more than 216,000 commercial vehicles.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and the
Standard & Poor’s 500 Index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud member
of the American Red Cross Disaster Responder Program, supporting
national and local disaster preparedness and response efforts. For more
information, visit www.ryder.com,
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Note Regarding Forward-Looking Statements: Certain statements
and information included in this news release are
"forward-looking statements" within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on our current plans and expectations and are
subject to risks, uncertainties and assumptions. Accordingly,
these forward-looking statements should be evaluated with consideration
given to the many risks and uncertainties that could cause actual
results and events to differ materially from those in the
forward-looking statements including those risks set forth in our
periodic filings with the Securities and Exchange Commission. New
risks emerge from time to time. It is not possible for management
to predict all such risk factors or to assess the impact of such risks
on our business. Accordingly, we undertake no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
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Source: Ryder System, Inc.