July 19 2011
Portland Group, Australia’s largest professional services firm specialising in procurement and supply chain services, today announced the finalisation of an agreement with PepsiCo to manage the procurement of several spend areas under a longer term managed services arrangement and to provide ongoing spend analysis services.
The three-year contract will utilise Portland Group’s deep category expertise across a number of areas of the broader transport category, for example linehaul freight and local distribution; as well as covering materials handling equipment, office equipment and contract labour.
Michael Trinnie, Procurement Director ANZ for PepsiCo said “Partnering with Portland Group expands our procurement capabilities with first-class resources, processes and systems, which we expect will enable PepsiCo to achieve a substantial improvement in productivity over the next three years. The additional capability Portland provides will help us to accelerate the value procurement can deliver across our entire business.”
Sue Woodall, Managing Director of Procurement Services at Portland Group commented “Our team will work closely with PepsiCo’s procurement team and stakeholders to design and implement Category Sourcing and Demand Management Strategies across more than $50 million of spend.”
Gavin Solsky, Portland Group CEO, said “Our recent agreement with PepsiCo is one of a number of new managed services contracts for Portland Group. This is further recognition that companies in Australia are following overseas trends to leverage external procurement services to drive ongoing, sustainable benefits for their organisations under longer term engagement models. We are delighted to have been selected by PepsiCo and look forward to delivering outcomes over and above their expectations.”
Infosys Portland is a subsidiary of Infosys BPO Ltd., a part of Infosys Ltd. Our mission is to make our clients successful by increasing their profitability through procurement and supply chain improvements. We are unique in providing services to improve efficiency and effectiveness across our clients’ complete procurement and supply chain functions, ranging from innovative, high-end strategy through to effective, low-cost operations and transactional processing. The resulting transformational benefits for clients include lower costs, reduced risk and improved service from client suppliers.
Infosys BPO Ltd. ( www.infosysbpm.com ), the business process outsourcing subsidiary of Infosys Ltd., was set up in April 2002. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, on-going productivity improvements, and process reengineering. Infosys BPO operates in India, Poland, the Czech Republic, the Netherlands, South Africa, Brazil, Mexico, Costa Rica, the United States, China, the Philippines, Japan and Australia, and as of December 31, 2013, employed 27,894 people. It closed FY 2012-13 with revenues of $583.1 million.
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that generate more than $1 billion in annual retail sales each. Their main businesses -- Quaker, Tropicana, Gatorade, Frito-Lay, and Pepsi Cola -- also make hundreds of other enjoyable and wholesome foods and beverages that are respected household names throughout the world. With net revenues of approximately $60 billion, PepsiCo's people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which they believe also, means a more successful future for PepsiCo.
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorised use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2013 and on Form 6-K for the quarter ended December 31, 2013. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.