Market Overview

Nike Partners with LLamasoft for Sustainable Supply Chain Innovation

BEAVERTON, Ore.--(BUSINESS WIRE)--

NIKE, Inc. (NYSE: NKE) has entered a strategic partnership with LLamasoft, Inc., to co-develop supply chain solutions that offer both logistics and environmental benefits. Nike has been a customer of Michigan-based LLamasoft for two years. Today's announcement of a formal commercial relationship, in addition to a minority investment from NIKE, signals the intent to leverage the strengths of both companies to co-develop new solutions for international supply chain efficiency.

“Innovation and sustainability are core to Nike Inc.'s operations and this new partnership with LLamasoft represents unique opportunities in both of these areas,” says Hans Van Alebeek, Nike's Vice President of Global Operations & Technology. ”Through working with LLamasoft as a customer, we recognized the potential to collaborate on innovative supply chain solutions that offer real time logistics benefits and the potential to positively impact our efforts around carbon reduction.”

Supply chain design is a vital business process for companies with a global footprint, as organizations work to balance factors including cost, service and environmental impact in an unpredictable global marketplace. By leveraging the LLamasoft software platform, Nike expects to drive efficiencies through its supply chain and significantly reduce the associated carbon footprint.

Donald Hicks, CEO of LLamasoft, said the relationship with Nike will enable the company to accelerate the development of new technology. “This partnership allows us to build on our work with Nike faster and more collaboratively than ever before. We admire Nike's leadership and we're excited to work together to define new levels of performance in global supply chain design.”

About NIKE, Inc.

NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned NIKE subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Cole Haan, which designs, markets and distributes luxury shoes, handbags, accessories and coats; Umbro Ltd., a leading United Kingdom-based global football (soccer) brand; and Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories. For more information, visit www.NIKEinc.com and follow @NIKE. To learn more about NIKE's commitment to sustainability, visit www.NIKEbetterworld.com.

About LLamasoft

LLamasoft supply chain design software helps organizations worldwide design and improve their supply chain operations. We enable companies to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability, and risk mitigation, with unparalleled supply chain design and predictive analytics solutions. Headquartered in Ann Arbor Michigan, LLamasoft is a leader in Supply Chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world's largest organizations across a wide range of industries.

NIKE
Media
Delwyn Hudson, 503-671-5711
or
Investors
Gavin Lindberg, 503-671-8178
or
LLamasoft
Ginger Stegmier, 734-418-3119 x.115

 

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters