Tibbett & Britten Times #25 - Hayes Anderson Limited

2 Introduction
Tibbett & Britten Times Spring 2002
Greetings from Tibbett & Britten,
the intelligent logistics group
Welcome to Tibbett & Britten Times, the customer newsletter of Tibbett & Britten
Group plc. Tibbett & Britten is a leading UK-based international logistics service
provider. Working under contract on behalf of major retailers and multinational
manufacturers, the Group focuses on the food & drink, clothing & textiles and
other consumer merchandise sectors.
UKI
Logistics is the science of ensuring that the
right products reach the right place in the
right quantity at the right time and in the
right condition to satisfy customer demand.
Tibbett & Britten extends this concept
through the development and application of
intelligent logistics, in which IT systems
integrate seamlessly, reliably and accurately
without manual intervention. The Group is
further differentiated by its total focus on the
provision of logistics and associated services.
Tibbett & Britten’s services include:
Warehousing & inventory management
Vendor consolidation
Added-value/pre-retailing support
Dedicated transport fleets
4PL transport management
Systems integration
International supply chain management
Customs/bonded warehousing
B2B and B2C e-commerce support
Collaborative planning, forecasting and
replenishment (CPFR)
Logistics re-engineering and change
management
While Tibbett & Britten has two 'home'
markets – Europe and North America – it is
active in a total of 35 countries on five
continents. The Group directly employs
nearly 36,000 people, operates 11,000
commercial vehicles and manages around
4.4 million sq m (47.5 million sq ft) of
warehousing. This scale places it among the
top ten logistics businesses in the world.
This customer newsletter describes some
recent achievements of Tibbett & Britten
companies in a variety of markets. For further
information, please visit the Group website
at: www.tibbett-britten.com
Growth maintained as focus sharpens
Tibbett & Britten Group saw revenues rise
by 9.3% to US$986 million (m1091 million)
in the six months to 30 June 2001,
with pre-tax profit rising by 9.2% to
US$20.6 million (m22.7 million) over the
same period.
Among the highlights was a particularly
strong performance in North America,
where both revenues and operating profit
advanced by 28%. The expanding mainland
European operations recorded an excellent
19% growth in revenues and an 11% rise
in operating profit.
Commenting on these encouraging first
half figures, John Harvey CBE (right),
Group Chairman, said: “We have increased
our focus and investment on developing
our core market sectors. A strong pipeline
of new business has been secured, and
the emphasis placed on providing
innovative, technologically driven solutions
for our customers.”