Netherlands-based CEVA Logistics, a global supply chain management company, has signed an "asset recovery services" contract to collect used and discarded computer gear with Belmont Trading in Brazil.
    Through its partnership with Belmont, CEVA will be involved in the collection and recovery of 5,000 pieces of IT gear a month, a contract driven by increasing environmental regulation.
    The operation that started in August, continues to collect for a large global computer manufacturers until 2012. The service will involve data cleaning using Belmont software.
    Although asset recovery services (ARS) are new in Brazil, CEVA's Latin American business development chief Milton Pimenta said: "The reverse logistics market is strongly driven by a global focus on sustainability and growth. CEVA sees a lot of potential in growing its relationship with Belmont and this market as a whole.
    To service Belmont in Brazil, CEVA has invested in a warehouse in Jundiai in the Sao Paulo area, and has hired 10 employees for this operation.

Source: Shipping Gazette