Press Release: RR Donnelley Pioneers New Supply Chain Paradigm by Managing 100% of Pearson's Learning Materials for North America
CHICAGO—January 12, 2016—R. R. Donnelley & Sons Company (Nasdaq:RRD) announced today that it has entered into an agreement with Pearson, a leading company in education, business, and consumer publishing. RR Donnelley will provide complete supply chain management of 100% of Pearson's printed and other learning materials to include procurement and manufacturing, warehousing and distribution, and inventory management for Pearson's North American operations.
Pearson operates with 40,000 employees in more than 80 countries focused on helping people make progress in their lives through learning. The two companies have enjoyed a relationship for more than 30 years.
This agreement will expand the relationship to combine print, warehousing, fulfillment and supply chain management into a single workflow designed to increase speed to market and improve efficiencies across the distribution process. RR Donnelley will utilize its extensive asset base and its proprietary CustomBuy® e-procurement tool to efficiently source materials.
"We look forward to supporting Pearson with this work and to welcoming these talented employees into our organization. Our ongoing investments in our broad-based infrastructure are designed to enable exactly this kind of innovative and scalable supply chain solution," commented Dan Knotts, Chief Operating Officer of RR Donnelley. "By optimizing Pearson's strategic supply chain, we are leveraging our comprehensive platform of products and services in support of their growth strategy. Working together we can create significant strategic synergies between our two organizations."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) helps organizations communicate more effectively by working to create, manage, produce, distribute and process content on behalf of our customers. The company assists customers in developing and executing multichannel communication strategies that engage audiences reduce costs, drive revenues and increase compliance. RR Donnelley's innovative technologies enhance digital and print communications to deliver integrated messages across multiple media to highly targeted audiences at optimal times for clients in virtually every private and public sector. Strategically located operations provide local service and responsiveness while leveraging the economic, geographic and technological advantages of a global organization.
For more information, and for RR Donnelley's Global Social Responsibility Report, visit the company's web site at http://www.rrdonnelley.com.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.