GENCO, A FedEx Company Introduces Scalable Warehouse Solution for Healthcare Manufacturers
October 25 2016 - 9:32AM
Business Wire
Leading third-party logistics provider (3PL)
introduces multi-tenant warehouse model in Milton, Ontario, and
Memphis, Tennessee
GENCO, A FedEx Company today announced an expansion of its
network with the introduction of a multi-tenant warehousing
solution, continuing to meet the evolving needs of healthcare
customers in the U.S. and Canada. With the expansion, GENCO offers
small and medium-sized manufacturers top-tier supply chain
solutions traditionally used by only large-scale customers in
dedicated facilities.
The multi-tenant healthcare solution builds upon GENCO’s proven
track record of innovation, thought leadership and operational
excellence within the healthcare industry. Currently available in
the U.S. and Canada, this solution allows multiple manufacturers to
operate alongside each other in one warehouse — while utilizing a
designated space equipped with a shared technology platform.
The solution benefits customers by increasing access to flexible
cost structures, rapid scalability and the GENCO and FedEx service
portfolios. Particularly valuable for healthcare manufacturers, the
multi-tenant approach helps manage regulatory compliance and
alleviates fixed operating costs.
“Due to increasing margin pressures within the healthcare
industry, manufacturers of medical devices, diagnostic testing and
pharmaceuticals are hyper-focused on streamlining their supply
chain and enhancing overall efficiency in order to stay
competitive,” said Kevin J. McPherson, Vice President of Healthcare
at GENCO. “We can better help healthcare customers, of all sizes,
with their logistics challenges by offering this more flexible
solution. It allows our customers to focus less on their supply
chain and more on developing innovative products and services that
improve the cost, quality and availability of patient care.”
The new GENCO multi-tenant facilities are located in Memphis,
Tennessee, and Milton, Ontario, Canada, and they comprise 1,100,000
square feet and 400,000 square feet of space, respectively. The
warehouses feature state-of-the-art infrastructure, have support to
store and distribute virtually all classes of healthcare products
and include advanced warehouse, labor and quality management
technology. The facilities will also be properly licensed to
support kitting and relabeling activities. The Memphis facility is
strategically positioned near the global FedEx Super Hub, and the
Milton facility is in close proximity to the FedEx Express Canada
hub located at Toronto’s Pearson International Airport.
The GENCO healthcare logistics team offers services spanning
network optimization analysis, inbound and outbound fulfillment,
reverse logistics, cold chain packaging, kitting, relabeling, and a
full suite of transportation management services.
“In today’s healthcare environment of rapid change,
manufacturers need a solution that allows their supply chain costs
to adapt to changing business needs,” said McPherson. “At GENCO, we
understand that our customers are faced with challenges to reduce
costs, maintain flexibility and improve efficiency. We’re committed
to advancing our solutions and keeping an open dialogue to help our
customers deliver the best patient outcomes.”
The multi-tenant warehouse solution from GENCO supports the
company’s overall growth strategy and reinforces its continued
commitment to delivering flexible and cost-effective solutions to
the healthcare industry.
About GENCO, A FedEx Company
GENCO, A FedEx Company offers supply chain solutions that
connect people and products across the United States and Canada. As
a leader in the third-party logistics (3PL) industry, GENCO helps
customers through integrated supply chain capabilities and a
comprehensive service portfolio, including warehousing,
distribution, transportation management, e-commerce fulfillment and
reverse logistics. GENCO takes a holistic approach to minimize
product touch points, optimize processes and drive continuous
improvement. Leveraging best practices, an advanced network of
resources and consultative methods, GENCO develops and implements
customized solutions to provide flexibility, enable scalability and
drive profitability for its customers. For more information about
GENCO, visit www.genco.com.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenues of $58 billion, the
company offers integrated business applications through operating
companies competing collectively and managed collaboratively, under
the respected FedEx brand. Consistently ranked among the
world’s most admired and trusted employers, FedEx inspires its more
than 400,000 team members to remain “absolutely, positively”
focused on safety, the highest ethical and professional standards
and the needs of their customers and communities. To learn more
about how FedEx connects people and possibilities around the world,
please visit about.fedex.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161025006060/en/
GENCO, A FedEx CompanyNikki Buccina,
412-354-0159dominique.buccina@fedex.com
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