Technology from Vastera to automate food and beverage giant's global export operations
Dulles, VA — October 19, 2004 — Nestle, the world's largest food and beverage company, today said it will be using technology from global trade management solution provider Vastera to automate its export documentation processes and speed the delivery of products to market.
Vastera TradeSphere Exporter will become part of Nestle's GLOBE (Global Business Excellence) project and will manage the shipping documentation and compliance issues associated with cross-border trade. Nestle will be implementing Vastera's technology in 2005 in Austria, Germany and the UK.
In addition, Nestle said it has selected TradeSphere Transit & Statistics as its automated system for speeding and securing the movement of goods within the European Union. Vastera's solution is designed to help companies comply with the EU's New Computerized Transit System (NCTS), an initiative designed to provide better management and control of the electronic declarations, regulation and processes associated with intra-European trade.
GLOBE's principal purpose is to improve the performance and operational efficiency of Nestle's businesses worldwide. "Vastera's TradeSphere solutions are a perfect match for Nestle as the GLOBE project is designed to increase operational speed and flexibility, facilitate innovation and improve efficiencies," said Tim Davenport, president and CEO, Vastera. "Our solutions automate the management of complex, ever-changing export documents and controls, thereby enabling Nestle to simplify its export process and operate more cost effectively, in compliance with government regulations."