PDS Limited, a global fashion supply chain solutions company, has entered into a multi-year Sourcing as a Service (SaaS) agreement with the global sourcing arm of a leading French-headquartered supermarket group to oversee its textile sourcing operations across Bangladesh, Pakistan, India, Sri Lanka and Turkey.
The retailer, one of the world’s largest supermarket groups serving millions of customers across multiple countries, has appointed PDS to manage end-to-end sourcing and supply chain operations through a dedicated operating subsidiary. Under the agreement, PDS is expected to oversee apparel sourcing worth more than US$250 million in annual FOB volume, supporting the retailer with a more agile and efficient sourcing model.
The partnership is scheduled to commence on 1 November and further strengthens PDS’s portfolio of long-term strategic relationships with leading global retailers.
Commenting on the partnership, Pallak Seth, Executive Vice Chairman, PDS Limited, said: “We are delighted to partner with one of the world’s most respected retailers. This partnership reflects the strength of PDS’s platform model and our ability to deliver sourcing at scale with speed, agility and responsibility. We look forward to building a long-term relationship that creates real value for the Retailer, its customers and our supply chain partners.”
Sanjay Jain, Group CEO, said: “This partnership is a testament to the capabilities we have built across our global sourcing platform. Through sustained investments in digital capabilities, technology and operational excellence, we have created a scalable and agile operating model that enables us to support the evolving sourcing needs of leading global retailers. We look forward to delivering this partnership with excellence while creating long-term value for all our stakeholders.”
