To capture part of the automotive supply chain market, Canada-based 3PL solutions provider Metro Supply Chain Group has completed the acquisition of U.K.-based automotive and industrial services emergency logistics provider, Evolution Time Critical. Although the financial details have not yet been disclosed, the deal enables Metro to further its expansion outside North America and carve out new niche markets. \u00a0
\nTraditionally Evolution Time Critical\u2019s services have provided a \u201csafety net\u201d enabling automotive companies to avoid supply-chain disruptions with \u201ctime-sensitive solutions,\u201d according to Evolution Time Critical\u2019s managing director, Brad Brennan. However, reliable emergency logistics are increasingly becoming a key component of sourcing strategies, he said, \u201csuch as Lean supply, reduced buffer stocks and contracting lead times.\u201d As a result, premium freight is becoming the norm for shipping higher-cost components, rather than just a strategy limited to countering supply-chain emergencies.
\nEvolution Time Critical will continue to operate under existing management at its U.K. headquarters, and will continue to utilize its service hub in Dusseldorf, Evolution Time Critical Deutschland.\u00a0 In addition, Evolution will gain access to Metro\u2019s extensive infrastructure which includes over 12 million square feet of warehousing and industry prowess. Brennan said his company will not only \u201cmake strategic use of\u201d Metro\u2019s physical infrastructure, but also \u201cfurther develop the support infrastructure of [Evolution\u2019s] U.K. headquarters \u2014 including IT and transport management systems \u2014 to provide a truly multimodal service to our growing customer network.\u201d
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"