PDS announces Strategic Sourcing Partnership with a Leading French-Headquartered Global Supermarket

PDS Limited, the global fashion supply chain solutions company, today announced that it has entered a Sourcing as a Service (SaaS) contract with the global sourcing arm of a Leading French-Headquartered Global Supermarket to manage and operate the retailer'stextile sourcing operations across Bangladesh, Pakistan, India, Sri Lanka and Turkey.

The retailer is one of the world's largest retail groups, serving millions of customers daily through an extensive network of stores across multiple countries.

Under the multi-year partnership, PDS will provide end-to-end sourcing, supply chain services through a dedicated operating subsidiary, supporting the Retailers textile sourcing strategy with a more agile sourcing model. PDS expects to manage apparel sourcing valued at over US$250 million of FOB Volume annually.

The partnership is expected to commence from 1st November and reflects PDS's continued expansion of long-term platform relationships with leading global retailers.

"We are delighted to partner with one of the world's most respected retailers. This partnership reflects the strength of PDS's platform model and our ability to deliver sourcing at scale with speed, agility and responsibility. We look forward to building a long-term relationship that creates real value for the Retailer, its customers and our supply chain partners," said Pallak Seth, Executive Vice Chairman, PDS Limited.

Sanjay Jain, Group CEO, said: "This partnership is a testament to the capabilities we have built across our global sourcing platform. Through sustained investments in digital capabilities, technology and operational excellence, we have created a scalable and agile operating model that enables us to support the evolving sourcing needs of leading global retailers. We look forward to delivering this partnership with excellence while creating long-term value for all our stakeholders."

Source : Equity Bulls

Keywords

PDS SaaSContract