FedEx and Cardinal Health Form Strategic Alliance to Offer Premier Healthcare 3PL Solutions
MEMPHIS, Tenn., October 29, 2013 – FedEx Corp. (NYSE: FDX) and Cardinal Health, (NYSE:CAH) announced today that they have formed a strategic alliance that will enable the companies to leverage their market-leading capabilities to provide 3PL solutions.
By combining the global transportation and logistics capabilities of FedEx with the healthcare expertise and specialized facilities of Cardinal Health, both companies can create tailor-made supply chain solutions for the healthcare industry. In addition to providing access to more than 40 warehouses and distribution facilities across the United States, the FedEx-Cardinal Health strategic alliance offers customers a variety of benefits, including:
- Access to extensive global transportation networks, including the world’s largest cargo airline
- Delivery options that include direct-to-patient services and delivery to specific departments in the hospital
- Significant regulatory experience in the healthcare industry
- Access to facilities throughout the world – many located near hospitals, business centers and other strategic locations
- A single point of contact for supply chain and transportation needs
- Inventory and transportation visibility across the networks
“FedEx and Cardinal Health are collaborating to stay in front of our customers’ needs and exceed their expectations,” said Carl Asmus, vice president, Supply Chain Solutions & Market Development, FedEx Services. “We are giving customers the flexibility to deploy their inventory at over 40 distribution points across the country, access to two proven networks that reach every U.S. ZIP code, and end-to-end inventory and transportation visibility.”
“The healthcare market is undergoing unprecedented changes, demanding more from an organization’s supply chain,” said Rob Doone, vice president of Integrated Logistics Services at Cardinal Health. “The combination of our healthcare expertise and 3PL capabilities with the global transportation, information systems and logistics capabilities of FedEx will bring new possibilities for healthcare manufacturers, care providers and patients.”
FedEx and Cardinal Health have been working together for more than 10 years to create collaborative 3PL solutions for the healthcare industry. This next phase of this relationship will provide a stronger, more competitive 3PL offering for customers of both companies.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $101 billion health care services company that improves the cost-effectiveness of health care. As the business behind health care, Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers, clinical laboratories and physician offices focus on patient care while reducing costs, enhancing efficiency and improving quality. Cardinal Health is an essential link in the health care supply chain, providing pharmaceuticals and medical products and services to more than 100,000 locations each day and is also the industry-leading direct-to-home medical supplies distributor. The company is a leading manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company operates the nation's largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease. Ranked #19 on the Fortune 500, Cardinal Health employs 34,000 people worldwide. More information about the company may be found at www.cardinalhealth.com and @CardinalHealth on Twitter.
FedEx HealthCare Solutions
FedEx HealthCare Solutions is committed to offering specialty services to the healthcare industry. In addition to core shipping services, FedEx also offers customized solutions including temperature-controlled ground and air transport, a high degree of visibility and compliance with 24-hour monitoring, and end-to-end solutions to handle storage, fulfillment and distribution of inventory. Features such as the new Boeing 777F aircraft being deployed between the U.S. and Asia also benefit healthcare customers who need shorter transit times and later pickups.
A dedicated healthcare support team works hand-in-hand with companies to engineer ideal solutions to help healthcare customers stay competitive.
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