ModusLink Named As a Leading Supply Chain Company by Supply & Demand Chain Executive Magazine
July 19 2007 - 8:14AM
Business Wire
ModusLink Corporation, a subsidiary of CMGI, Inc. (NASDAQ: CMGI)
and provider of global supply chain management solutions, today
announced that it has been selected as a leading supply chain
company in the sixth-annual listing of the 2007 Supply & Demand
Chain Executive 100, which identifies supply chain solution and
service providers who are at the forefront of enabling the 21st
century supply chain. Supply & Demand Chain Executive�s goal
with the "100" is to highlight a broad range of solutions and
services targeted at a variety of industries, addressing the needs
of companies of varying sizes, and assisting in the transformation
of the diverse mix of functions that make up the supply chain.
ModusLink�s successful project work in both forward and reverse
logistics was recognized by the publication�s judging committee and
secured the company a place on The 2007 Supply & Demand Chain
Executive 100. "Our readers turn to Supply & Demand Chain
Executive to learn about solutions and best practices for enabling
the supply chain, to understand trends in supply chain technology,
and to benchmark their own companies' enablement initiatives with
those of other enterprises across industry verticals," explained
Andrew K. Reese, editor of Supply & Demand Chain Executive. "We
are pleased to honor ModusLink for its innovative services and
solutions that are helping its customers meet the challenges of
managing a global supply chain." ModusLink offers its clients a
comprehensive supply chain management solution. Its Reverse
Logistics Solution, which was recognized by the Supply & Demand
Chain Executive judging committee, manages all operations related
to the return and reuse of products and materials. The company
automates the entire returns process across multiple channels
giving clients greater control of their reverse supply chain,
bringing them speed of execution and visibility � two vital
criteria for maximizing the value of the supply chain. Also key to
maximizing the supply chain�s value and total investment is the
ability to integrate activities and inventory with the forward
supply chain. ModusLink designs and executes its reverse logistics
processes to minimize non-value repair, reduce levels of idle
inventory awaiting transportation and eliminate unnecessary
shipping between multiple vendors to accelerate the processing and
return to market of valuable returned products and components. Once
a product has been returned, processed, repaired and/or
refurbished�and it has been decided that it will not be returned to
forward logistics inventory�ModusLink works with clients to
remarket these units using traditional post-market venues and other
tertiary and online channels. �We are delighted that ModusLink has
been recognized by a publication of Supply & Demand Chain
Executive�s caliber for our successful track record in helping
clients to better manage their supply chain processes�, said Joseph
C. Lawler, Chairman, President and Chief Executive Officer of CMGI.
�We look forward to building upon our commitment to innovation and
execution as we continue to expand our solution sets for our
clients worldwide.� ModusLink, along with other recipients, will be
featured in the cover story of the June/July 2007 issue of Supply
& Demand Chain Executive, as well as online at www.SDCExec.com.
About Supply & Demand Chain Executive Supply & Demand Chain
Executive is the executive's user manual for successful supply and
demand chain transformation, utilizing hard-hitting analysis,
viewpoints and unbiased case studies to steer executives and supply
management professionals through the complicated, yet critical,
world of supply and demand chain enablement to gain competitive
advantage. On the Web at www.SDCExec.com. About ModusLink ModusLink
Corporation is a leading provider of global, end-to-end supply
chain management solutions. The company provides technology clients
in the software, computing, consumer electronics, storage and
communications markets with customized supply chain solutions that
improve time-to-market, productivity and customer satisfaction
while reducing risk and cost. ModusLink's services include
consulting and planning, sourcing and supply base management,
manufacturing and product configuration, fulfillment, logistics
management, e-commerce and the complete range of aftermarket
services. With 36 facilities in 13 countries, ModusLink has the
largest global footprint in its industry. With headquarters in
Waltham, Massachusetts, the company is a subsidiary of CMGI, Inc.
(Nasdaq: CMGI - News). For additional information, visit
www.moduslink.com. About CMGI CMGI, Inc. (Nasdaq: CMGI), through
its subsidiary ModusLink, provides industry-leading global supply
chain management services and solutions that help businesses
market, sell and distribute their products around the world. In
addition, CMGI's venture capital business, @Ventures, invests in a
variety of technology ventures. For additional information, visit
www.cmgi.com. This release contains forward-looking statements,
which address a variety of subjects including, for example the
expansion of ModusLink�s solution sets. The following important
factors and uncertainties, among others, could cause actual results
to differ materially from those described in these forward-looking
statements: ModusLink's success depends on its ability to execute
on its business strategy and the continued and increased demand for
and market acceptance of its products and services; ModusLink may
not be able to expand its operations in accordance with its
business strategy; ModusLink may experience difficulties
integrating technologies, operations and personnel in accordance
with its business strategy; ModusLink derives a significant portion
of its revenue from a small number of clients and the loss of any
of those clients would significantly damage its financial condition
and results of operations; increased competition and technological
changes in the markets in which ModusLink competes; and risks
associated with international operations. ModusLink represents a
significant percentage of CMGI's operations and the occurrence of
any of the foregoing factors may have an adverse effect on CMGI�s
results of operations and financial results. For a detailed
discussion of cautionary statements that may affect CMGI's future
results of operations and financial results, please refer to CMGI's
filings with the Securities and Exchange Commission, including
CMGI's most recent Quarterly Report on Form 10-Q. Forward-looking
statements represent management's current expectations and are
inherently uncertain. We do not undertake any obligation to update
forward-looking statements made by us.
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