Weston, FL, Feb. 12, 2016 (GLOBE NEWSWIRE) --
Dewan & Sons India, a leading Houseware articles export house is now establishing a presence in the United States, and PFWI, the North American leader in contract logistics, today announced the signing of a strategic agreement to undertake JIT distribution to all Dewan customers in North America. “The value-added warehousing and distribution (VAWD), dedicated contract carriage (DCC), domestic transportation management (DTM) of PFWI coupled with JIT and lean inventory management will be a significant cost savings for Dewan” said Victor Petrone, CEO of PFWI
“The service includes Direct Store delivery of Dewans products to retail stores, thereby bypassing a retailers distribution center to increase inventory turns and reduce margins for Dewan” Victor Petrone, CEO.
PFWI will be serving the following Dewan’s clients in North America:
This strategic alliance with Petrone creates increased real-time communication with our purchasing agents and creates a new service which is preferable, allowing reduced Minimum Order Quantities (MOQs), so that smaller, more frequent orders can be placed offsetting long-term risks of holding too much inventory” said Surender Gandhi , President of Dewan & Sons.
“The services includes Direct Store delivery of Dewan’s products to retail stores, thereby bypassing a retailers distribution center to increase inventory turns and reduce margins for Dewan” said Sanjay Magazine, Procurement & Strategic Sourcing of PFWI.
“With all the Port delays, planning for safety stock has become all that much more of a key component to reducing fulfillment costs. Supply Chain operation efficiency of Petrone will bring optimum results with minimum budget. This will be a win-win tie up for all parties, “Said Joginder Gandhi, Vice President of Dewan & Sons.
Dewan & Sons is a manufacturer in India focused on the production of articles of Brassware, Copperware, galvanized & wrought iron, aluminum ware, stainless steel utensils , EPNS and EPSS for luxury brands and mass merchandisers in North America and Europe in the houseware, furnishings marketplace. They offer, lighting, textiles, bath ware, décor, outdoor and garden products. The in- house design team works closely with leading design houses to bring new collections for every season and provide an unmatched combination of inspired design, high quality and unparalleled value.
Petrone Worldwide, Inc. Petrone Worldwide (PFWI) is a leader in food Service hospitality with global operations. Besides undertaking third party logistics for overseas manufacturing companies attempting to sell their goods in North America, PFWI sells and markets products under its own proprietary name and acts as a distributor for a wide variety of companies to the hospitality trade
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is intended to qualify for the safe harbor from liability created by those laws. When used in this press release, the words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan”, “potential”, “predict”, “project”, “should”, “will”, and similar expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such statements involve known and unknown risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical facts included in this press release regarding our strategy, future operations, financial position, prospects, plans and objectives of our management are forward-looking statements. Our actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including, but not limited to, the success of our on-going product development efforts, adverse results of any legal proceedings, diverse economic and competitive conditions, and any such difference may be caused by risk factors listed from time to time in the Company’s press releases and/or its filings with the OTC Markets or as a result of other factors. We undertake no obligation to publicly update or revise any forward-looking statement to reflect actual results or changes in assumptions or other factors that could affect those statements.
For further information, please contact: Victor Petrone 2200 N. Commerce Parkway Suite 200 Weston, FL 33326 954-529-2000
Source:Petrone Worldwide, Inc.