SABMiller plc has licensed Triple Point's flagship commodity logistics software. SABMiller will use Triple Point systems to optimize transportation costs and ensure the timely supply of raw materials, including barley and hops.
SABMiller is one of the world's leading brewers with operations and distribution agreements across six continents. The company's wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, and Grolsch. It is also one of the world's largest bottlers of Coca-Cola products. SABMiller is listed on the London and Johannesburg stock exchanges and reported group revenue of US$26.4 billion for the year ended 31 March 2010.
"Commodity management has always been a critical business process for energy, metals, and agriculture companies. Increasingly, it has become just as important for other industries with exposure to raw materials and energy, such as food and beverage, automotive, and high-tech," said Peter F. Armstrong, president and CEO, Triple Point. "For 17 years Triple Point has developed the leading software for customers to successfully manage the volatility, risk, and complexity of procuring, processing, moving, and marketing commodities. Triple Point's commodity management software enables food and beverage companies to make more informed and proactive decisions, streamline day-to-day operations, and protect profits."
SABMiller joins a notable list of food and beverage customers that have selected Triple Point commodity management software, including: The Campbell Soup Company, Chiquita, General Mills, Grupo Bimbo, and IFFCO.