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Hershey Announces Global Supply Chain Transformation

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Realignment will Create More Efficient, Flexible Global Supply Chain: Savings will be Available for Investment in Strategic Growth Initiatives, Company Reaffirms Long-term Financial Goals and 2007 Expectations.

 The Hershey Company (NYSE: HSY) today announced a comprehensive, three-year supply chain transformation program. When completed, this program will greatly enhance Hershey's manufacturing, sourcing and customer service capabilities, and will generate significant resources to invest in the company's growth initiatives. These initiatives include accelerated marketplace momentum within the company's core U.S. business, creation of innovative new product platforms to meet consumer and customer needs, and disciplined global expansion.

Under the program, which will be implemented in stages over the next three years, Hershey will:

- Significantly increase manufacturing capacity utilization by reducing
the number of production lines by more than one-third;

- Outsource production of low value-added items; and,

- Construct a flexible, cost-effective production facility in Monterrey,
Mexico to meet current and emerging marketplace needs.

The transformation program will result in a flexible, global supply chain capable of delivering Hershey's iconic brands, in a wide range of affordable items and assortments, across retail channels in the company's priority markets. Finished products will be sourced from fewer facilities, each one a center of excellence specializing in Hershey's proprietary product technologies. Increased access to borderless sourcing will further leverage the company's manufacturing scale within a lower overall cost structure...Read more on thehersheycompany

Last modified on Wednesday, 28 August 2013 09:39

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