CEVA Logistics, a global leader in third party logistics, today announced that Gartner placed it in the Leaders quadrant in the 2021 Magic Quadrant Third Party Logistics, Worldwide report. After eight years of being in the Challenger quadrant, this marks the first time that CEVA Logistics has been recognized as a Leader.Gartner Magic Quadrant assesses third-party logistics providers worldwide on their ability to execute and completeness of vision. This quadrant places them in one of the following four quadrants: Visionaries, Challengers, Leaders, or Niche Players. Gartner says leaders execute well in line with their vision and are well-positioned for tomorrow.Gartner recognized CEVA Logistics as one of 17 international companies in the report. CEVA Logistics is one of seven companies that Gartner has placed in the Leaders quadrant.Gartner reports that leaders score well on highly weighted criteria such as Ability to Execute, and Completeness in Vision. These leaders have an extensive network of service providers and infrastructure that makes them accessible across a wide range of locations. They are able to understand the market and trends, as well as customer needs and translate them into highly-executed service offerings that can be adapted for any industry.They excel at logistics execution across all service lines and manage highly professional, comprehensive logistics businesses. Leaders have well-structured business models and strategies to increase their industry expertise, region coverage, and market specialization. They are also adept at providing services to different customer segments. Leaders invest in new technologies and capabilities that will improve the logistics industry. Many of the world's largest corporations rely on their leaders to execute their global supply chains.Mathieu Friedberg is the chief executive officer of CEVA Logistics. He stated that the company has a very aggressive growth strategy based on the direction the industry is heading. We aim to be among the top five players in the logistics sector. Although we still have much to do in order to reach our goals and fulfill our full potential, we see being named leader in Gartner 2021 Magic Quadrant for the hard work our team has done for our customers as confirmation. In a very short time we have made great strides. I would like to thank our 78,000+ employees as well as our customers for trusting us to provide them with responsive logistics solutions to their supply chain requirements.Guillaume Col, chief operational officer at CEVA Logistics, says: CEVA Logistics has grown its presence in emerging markets over the past few years through strategic acquisitions in Africa. We have also streamlined many of our internal operations, technology, and product development processes. These factors are what have contributed to our market leadership and growing success. We consider this a confirmation of our plans to better serve customers.
