Pandora opens new distribution centre in Canada
The new facility will handle Pandora's growing Canadian online business and reduces the company's exposure to US tariffs
PANDORA MOVES TO THE CLOUD IN GLOBAL IT OVERHAUL
Consolidation of IT services will reduce costs and enable faster implementation of new digital solutions.
Today Pandora took the first step in a major transformation of its global IT setup by announcing a cloud solution agreement with Accenture. The agreement allows Pandora to move its data, IT infrastructure and applications from its current data centres to the cloud. The new set-up is more easily scalable and significantly cheaper to run.
"Digitalisation is essential to increase our productivity and competitive advantages, and cloud computing is a technology that has developed tremendously over the last few years," says Pandora's CIO Peter Cabello Holmberg. "Moving our data centres to the cloud will save money, while we maintain high quality service to the business. We can also avoid major hardware investments and improve our security."
From more than 60 vendors to a few partners
The cloud-hosting agreement is the first step in a significant transformation of Pandora's IT setup. Over the coming 12 months, Pandora will consolidate more than 60 IT vendors into just a handful of global partners. The new setup will cover all aspects of the company's digital needs from store support to application development.
When completed during the second half of 2020, the transformation will reduce Pandora's annual IT costs by at least DKK 200 million.
The overhaul is part of Programme NOW, Pandora's brand relaunch and business transformation plan. Programme NOW targets total annual cost reductions of DKK 1.2 billion by the end of 2020. The savings will fund investments in strengthening Pandora's brand through increased marketing spend, a new store design, a new online shopping experience and much more.
About Pandora
Pandora is the world's largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 6,800 points of sale, including more than 2,600 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 27,000 people worldwide and crafts its jewellery at two LEED-certified facilities in Thailand. Pandora is committed to leadership in sustainability and will use only recycled silver and gold in its jewellery by 2025 and halve greenhouse gas emissions across its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 23.4 billion (EUR 3.1 billion) in 2021.