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Pine Brook, NJ, November 2, 2009 - Flash Global Logistics, the global leader in single source supply chain solutions for mission critical parts and products, today announced that the company continues to strengthen its global position as the service parts logistics leader with 36 locations across Sweden.
Swedish banks have been more restrictive with loans due to lessons learned from the financial crises in Sweden during 1990 and 1994 which potentially softened their impact felt from global recession in comparison to other markets. According to prognosis from Sweden's Central Bank, growth has been strong in recent years, with an annual average GDP growth rate of 2.7% in 2005, 4.1% in 2006, and 2.6% in 2007. Although growth slowed significantly in 2008 to 0.9%, GDP growth is predicted to turn more positive for the remainder of 2009, rebounding positively as with other global forecasts. These same experts predict Sweden is expected to pick up to 1.9% in 2010.
"Flash clientele includes a large number of international companies requiring global service parts logistics, and we are always working to tap into and create support to strengthen the markets, passing opportunity, cost benefits and supply chain solutions on to them," says John Miller, Senior Vice President Global Business Development for Flash Global Logistics. "These leading firms depend on efficient, timely and secure logistics services across all regions. Strengthening our foothold across Northern Europe with 36 locations in Sweden further solidifies our client commitment, global reach and ability to provide the industry's best global logistics services."
In addition to Sweden's comparatively positive GDP numbers, Flash's strong supply chain expertise in the region is nicely complimented by the fact that Sweden also has one of the top five best logistics markets in the world, according to the World Bank LPI which evaluates logistics performance and competitiveness.
Flash also recently announced a network increase of 59 locations in Russia, including Importer and Exporter of Record (IOR/EOR) expertise, to satisfy significant growth and technological demand in the Russian market, in addition to 66 locations in China, enhancing its existing local distribution, customs clearance and Importer or Record (IOR) capabilities in that region. In total, Flash Global Logistics maintains IOR/EOR relationships for clients in 85 countries worldwide.
About Flash Global Logistics: Flash provides mission critical inventory management and engineers supply chain solutions for clients worldwide. Flash is headquartered in the U.S. and is incorporated in Germany and Brazil. The company's global capabilities and infrastructure span approximately 700 Forward Stocking Locations, 12 multi-client distribution centers, five command centers and several regional offices. Services include rapid setup and deployment for the global movement of critical parts and products, including IOR/EOR in approximately 85 countries, evaluation of in-country requirements, paperwork documentation/streamlining, minimization of customs clearance times, VAT deferment management and bonded warranty warehouses. Flash's blue chip client roster includes companies in high tech, healthcare, telecommunications, semiconductor, computer data storage and networking. With asset light network modeling for flexibility and maximum cost consideration for clients, Flash engineers solutions that map service applications directly to clients' requirements. For more information, please call 973.808.3360 or visitwww.flashlogistics.com.
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