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Supply chain radar: Don’t write off Ceva as it races against time

An hourglass and businessman holds his hands in the lock. Job interview concept. Business planning. Management and distribution of time. Making a business deal. Debt restructuring.

An hourglass and businessman holds his hands in the lock. Job interview concept. Business planning. Management and distribution of time. Making a business deal. Debt restructuring.

What Ceva Logistics is up to is crystal clear from its interim financials released on Monday, which were unusually good in the right spots, given its latest performance standards before joining the CMA CGM family this year.

In fact, not only does its restructuring continue but it is actually accelerating, indicated by the numbers and confirming insiders’ talk of a major effort aimed at rendering Ceva a leaner 3PL going forward after years of mounting losses stemming from a bloated cost structure.

Its …

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