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DHL Supply Chain has been awarded a long-term contract worth over £100m (EUR120m) with Panasonic, to manage its warehousing and transport operation.

The contract, which was won as part of a competitive tender, will see DHL assume end-to-end responsibility for Panasonic’s UK supply chain, resulting in increased efficiency, improved services, reduced costs and greater visibility. DHL will carry out order fulfillment of high end consumer electronic goods, manage a shared warehouse operation, and enhance the leading electronics supplier’s domestic transport operation.