Clipper Logistics plc Clipper Logistics supports UK supply chains (8051J)

TIDMCLG

RNS Number : 8051J

Clipper Logistics plc

16 April 2020

16 April 2020

Clipper Logistics plc

Clipper Logistics provides critical support to UK supply chains

Clipper Logistics plc ("Clipper" or "the Company"), a leading provider of value-added logistics solutions, e-fulfilment and returns management services announced on 25(th) March 2020, a client activity update. Further to this the Company is pleased to announce that it has further increased its support to retail and other supply chains, and has now provided nearly 500,000 square feet of warehousing space, plus associated handling and transportation where relevant, to support eight separate customers' additional requirements during the current Coronavirus pandemic. Clipper is providing logistics support to both new and existing customers throughout these challenging times, 50% of this additional support is to new clients.

These additional activities have various lengths of contract duration and are predominantly on an open book basis. Clipper has mobilised its space, people and vehicles to provide a variety of support services. This includes providing inbound processing and storage relief, undertaking warehousing and picking for 70 regional stores of a national grocery retailer, supporting local communities. Clipper also confirms that it has developed solutions to fulfil supply chains for other sectors including educational equipment and health foods as well as further developing its relationship with government agencies.

Steve Parkin, Executive Chairman, commented: "I would like to thank all members of the Clipper team for their continued innovation, dedication and hard work to enable us to rapidly deploy solutions and fulfil gaps in the supply chain for both new and existing customers in a quickly changing environment."

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ENQUIRIES

 
 Clipper:                         [phone] 
 Steve Parkin, Executive 
  Chairman 
 Tony Mannix, Chief Executive 
  Officer 
 David Hodkin, Chief Financial 
  Officer 
 
   Public Relations Advisers: 
 Buchanan:                        [phone] 
 David Rydell 
 Stephanie Watson 
 Hannah Ratcliff 
 
 

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April 16, 2020 02:00 ET (06:00 GMT)