TVS Supply Chain Solutions, the Chennai-based supply chain management company, has announced that its wholly-owned subsidiary, TVS SCS North America, achieved a CAGR of 20 per cent over the past four years and aspires to become a $500 million revenue business.
The company has also inaugurated its new 225,000 sq-ft build-to-suit facility in Waterloo, Iowa to expands its footprint in the US Midwest and strengthens its ability to serve local manufacturers and key clients.
The new facility will also enhance TVS SCS’ capability to deliver manufacturing support services such as value-added assembly, kitting, sequencing, and just-in-time delivery, a statement said.
“Our new facility in Iowa embodies the future of supply chain management,” said Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions.
“With 95 per cent of its capacity already committed, the facility is a testament to the strong demand for our services and the trust our clients place in our capabilities. Equipped with advanced automation and robotic technology, this facility is designed to maximize operational efficiency, reduce lead times, and deliver unparalleled service quality. These advanced technologies enable us to serve our clients’ evolving needs with agility and precision, positioning us to achieve faster and stronger growth in the US market,” he added.
This new facility is its second in the state. TVS SCS’ first facility in the state is located in Iowa City.
TVS SCS is currently building another 225,000-square-foot facility in the region, which will be go live next quarter..