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Chainalytics Accelerates Growth In Asia Pacific With Hiring Of Managing Director
Wallet To Build On Strong Presence In The Region
Atlanta, GA - June 22, 2006 - Chainalytics LLC announced today that Ken Wallet has joined the company as managing director of Chainalytics' Asia Pacific practice. Wallet, who comes to Chainalytics from Manugistics, will be responsible for leading the development and delivery of Chainalytics' service offerings to companies across the Asia-Pacific region. Based in Hong Kong, Ken will help accelerate the momentum established in the region by Chainalytics India Private Limited, based in Bangalore, India.
Supply chains in Asia are becoming increasingly complex as many Asian economies take part in the regions' growing presence as the "factory to the world". And growing Asian consumption is creating opportunities for both local and multi-national retailers and consumer goods manufacturers. This globalization and "stretching" of supply chains both into and out of the region is creating the need to apply more sophisticated business practices and analytical techniques within the discipline of supply chain management. As the new leader of Chainalytics' Asia Pacific (APAC), Wallet will bring the company's leading supply chain design, inventory planning, and transportation planning services to both local and multi-national manufacturing and retailing clients to improve their performance in the face of these complex challenges and opportunities.
"Under Ken's leadership, our team in Asia -- using the knowledge and experience they've acquired by working with leading companies across the globe -- will continue to deliver supply chain improvements," said Chainalytics CEO and president, Mike Kilgore. "Our expanded presence in Asia enables us to better support our multi-national clients in North America and Europe as they analyze opportunities and challenges for global sourcing and logistics. Ken's proven track record with developing international markets, growing organizations, and successfully delivering to clients will build on this strong foundation. In addition, Chainalytics APAC will be instrumental in the continued growth of our analytical outsourcing offerings."
Ken comes to Chainalytics with more than 20 years experience in supply chain management, with 12 years dedicated to developing international markets. Prior to joining Chainalytics, Wallet served as President of Manugistics Asia-Pacific, responsible for the strategic direction and growth of the region with offices located in Shanghai, Hong Kong, Tokyo, Singapore and Sydney. He also actively participated in growing Manugistics' services and software sales in the U.S. and Latin America. Prior to Manugistics, Wallet served as Regional Managing Partner for Accenture's Logistics Strategy Practice (LSP) in Latin America and also worked with Deloitte & Touche as Vice President of the Garr Consulting Group.
He served as a founding partner of two consulting practices, BGW Consultants and Grupo Logistica International. Ken is an alumnus of the University of New Brunswick and St. Thomas University.
"Enterprises around the globe are always looking for opportunities for rapid improvements which is why trusted advisors with specialized capabilities are in high demand. Chainalytics' specialization in supply chain analytics makes us the best suited for solving complex network, inventory, and transportation problems in any part of the world," said Wallet, managing director of Chainalytics Asia-Pacific. "Chainalytics proven track record in Asia has generated strong momentum for me to further build upon. Our proven and established team has delivered tangible benefits to a host of Global 3500 companies across many industries. I look forward to leading the continued growth of Chainalytics' Asia Pacific region and contributing to the further development of the business around the globe."
Chainalytics opened an office in Bangalore, India in early 2005 to provide cross-continent support to its growing global client base and has leveraged this presence to successfully support a growing list of clients in the Asia Pacific region, including Reliance Industries in India and Huawei Technologies in China. Leveraging the extensive experience and knowledge base in North America, Chainalytics has built a team of talented supply chain specialists educated at many of the top schools in the region including India's prestigious IIMs, and IITs. Their work spans the globe driving supply chain improvements for leading enterprises including Samsung, Panasonic, Nissan, Siemens, Fujitsu-Siemens, Philips Consumer Electronics, Daimler-Chrysler, Nike, 3M, Whirlpool, and Delphi Automotive.
This growth and client success has been led by Abraham Joseph, managing director of Chainalytics' India. Abraham's extensive background in supply chain management was built working with leading companies around the globe as part of Chainalytics' team in North America and with the supply chain consulting organizations of i2 Technologies, Synquest, and Bender Management. The combined experiences of Ken Wallet and Abraham Joseph enable Chainalytics to bring robust and innovative approaches developed with leading companies around the globe to both established and newly developing supply chains in the Asia-Pacific region.
"Over the last 18 months, we have built a team of the best analytical supply chain specialists in India. Not only are they skilled in the leading analytical tools, but they also have a wealth of prior global experience with companies with large, complex supply chains", said Abraham Joseph, managing director of Chainalytics India. "Ken's experienced leadership will only accelerate our growth. His experience in growing international markets and building teams is incomparable. Together we will leverage the knowledge base of Chainalytics to drive dramatic improvements for our clients."
To learn more about Chainalytics' supply chain efforts in India, attend CSCMP's 2006 logistics conference in San Antonio, Texas, October 15-18. Jeff Metersky, vice president supply chain planning, will discuss, "The Logistical Challenges of Doing Business in India" on October 17th at 2:30pm.
About Chainalytics
Chainalytics specializes in providing leading companies advanced consulting and outsourcing services to improve supply chain performance. Specializing in the application of advanced decision sciences technology, Chainalytics supports improved strategic, tactical and operational decision-making in the areas of supply chain strategy, transportation planning and inventory planning. The company's powerful combination of analysis, technology, and methodology enables clients to achieve and sustain double-digit cost reductions and customer service improvements, resulting in millions of dollars of value creation. Chainalytics serves mid- to large-size enterprises with complex supply chains, with special emphasis on companies in retail, wholesale and manufacturing of consumer durable and non-durables.
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