Bibby Distribution is changing its trading name to Bibby Supply Chain Services – and will now also include Bibby Ship Management within its portfolio.
The company returned to profit last year with an operating profit of £5.3m compared with a loss of £3.9m the year before. Turnover was down slightly £252.4m in 2013 against £254.9m in 2012.
Chief executive officer Iain Speak said: “We are pleased with our improved performance in 2013 and look forward to building upon that with the establishment of Bibby Supply Chain Services, which allows us to offer a wider range of services to our customers across a wider international basis.”
The Bibby business now includes a range of services, operating in nine countries including distribution and logistics services, recruitment, training and asset management. Bibby Ship Management provides marine solutions to the maritime industry including technical management, crewing, training and travel.
The company said the idea was that Bibby Supply Chain Services will work as a centre of supply chain expertise within the Bibby Group, and will act as a ‘nursery’ for smaller businesses, which can use the internal demand, infrastructure, shared service centre and expertise to help them roll out services, attract quality management and target customers.
Operationally Bibby plans to boost operational efficiency with an investment into a single transport management system, which will go live in 2014, replacing six legacy systems acquired as part of acquisitions made over the past three years.
The establishment of Bibby International Logistics as a separate business within the company provides a firm foundation for consolidating and expanding its presence in the freight-forwarding sector.
Bibby Supply Chain Services incorporates Bibby Distribution, Bibby International Logistics, Packaging Logistics Services and Bibby Employment Services (incorporating System Training, Direct Workforce, Bibby Ship Management and Bibby Travel). The group provides a comprehensive range of distribution, transportation, training, employment, freight forwarding and packaging services throughout the entire national and international supply chain.