Global partnership expected to add an incremental $29 million in
CHICAGO--(BUSINESS WIRE)--Nov. 8, 2018--
InnerWorkings, Inc. (NASDAQ: INWK), the leading global marketing
execution firm, today announced the signing of a major contractual
expansion with a long-term client.
InnerWorkings has supported this client, a Fortune 100 global food and
beverage company, in Latin America since 2011. The successful results of
this partnership led the client to expand its relationship with
InnerWorkings geographically and into additional product categories.
Under the terms of the new multi-year agreement, the relationship will
expand from about $10 million a year in annual revenue to nearly $40
million. In addition to the sales and marketing collateral that
InnerWorkings has delivered for the past seven years, the new scope
includes both temporary and permanent retail marketing displays, and
expands the scope into the large United States market for the first time.
InnerWorkings will deploy a combination of software and technical
professionals in support of the expanded account, with partial
implementation beginning in December, and full run rate of the new scope
expected to be in place by mid-2019. The primary benefits include a
reduction in waste and costs, streamlined buying and inventory
management, greater transparency throughout the supply chain, more
automation and data, an improved look and feel of the marketing
materials, and increased speed to market.
For more information about InnerWorkings, please visit www.inwk.com.
InnerWorkings, Inc. (NASDAQ: INWK) is the leading global marketing
execution firm serving Fortune 1000 brands across a wide range of
industries. As a comprehensive outsourced enterprise solution, the
Company leverages proprietary technology, an extensive supplier network
and deep domain expertise to streamline the production of branded
materials and retail experiences across geographies and formats.
InnerWorkings is headquartered in Chicago, IL and employs approximately
2,100 individuals to support global clients in the execution of
multi-faceted brand campaigns in every major market around the world.
InnerWorkings serves many industries, including: retail, financial
services, hospitality, consumer packaged goods, nonprofit, healthcare,
food & beverage, broadcasting & cable, automotive, and transportation.
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Source: InnerWorkings, Inc.