4 Industry Facts About 3PL Drayage Service

ROSARIO L | January 9, 2019 | 39 views

If you’re not in the shipping or 3PL industries, it’s likely you’ve never even heard of the word drayage. Drayage is, quite simply, the hauling of containers from ships to different destinations. The destination could be another port, it could be railyards to have them shipped out via train, or the trucker themselves could drive the container to the final destination. Regardless of where the destination is, drayage is characterized by the fact that it is only hauled for a relatively short distance.

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Orange County Transportation Authority

The Orange County Transportation Authority (OCTA) is Orange County’s primary transportation agency. OCTA was formed in 1991 through the consolidation of seven separate transportation agencies. A 17-member Board of Directors governs OCTA with the Caltrans District Director serving as the 18th member in an ex-officio capacity.

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Cloud Technology: A Game Changer in the Logistics Sector

Article | June 29, 2022

The logistics sector is experiencing a significant technological shift similar to that of all other industries due to the growing need for remote work solutions. Social networking, the Internet of Things (IoT), cloud-based logistics, and other technological advancements are reshaping the logistics industry and moving it in a new direction. Additionally, the supply chain and logistics as a whole are greatly influenced by factors like transportation and digital transformation. Modern digital technology is fundamentally altering how various sectors function. Increased connectivity amongst the people has also increased the needs of customers, created new purchasing habits, and gave birth to an entirely new industry as a whole, e-commerce. The Shift Towards the Could Technology Over the past few years, the transportation and logistics industry has witnessed a shift towards digitization as more and more people have access to the internet and computer for day-to-day work. From online grocery stores to local delivery apps and even on-demand airport shuttle services, the adoption of cloud technologies has given a viable solution to customers and businesses at a lower cost than before. As a growing number of businesses reevaluate their use of innovative technologies, cloud computing is becoming an increasingly serious and practical choice. The cloud is of significant use in the world of freight transportation and logistics, as it stores crucial shipping information that can be accessed at any time via transportation management systems from anywhere. The technology is emerging as a game changer for the businesses operating in the logistics industry. Here is a list of benefits cloud technologies offer: Logistical space planning Real-time package updates Leverage artificial intelligence (AI) and machine learning (ML) Vehicle health monitoring E-ticketing management Final Thought Cloud-based solutions have enormous potential to improve operational and financial efficiency in the transportation and logistics industry. Some facets of cloud-based solutions also have the ability to transform the overall shipping experience altogether. Assessing the merits of this technology, a large number of leading businesses are incorporating it for applications such as fleet-specific planning, shipment optimization, faster delivery, and others. In the coming years, cloud-based solutions are likely to become very popular in the supply chain industry as they keep getting better.

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SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN

Autonomous Robots: The Future of Warehousing & Logistics

Article | July 14, 2022

Autonomous robots have transitioned from a futuristic system that only a few enterprises could afford to a sustainable, well-established solution in a wide assortment of warehouse automation projects in recent years. With the flourishing transportation and logistics industry and increasing e-commerce penetration worldwide, innovative technologies are revealing promising opportunities throughout the supply chain. Warehouse Automation: Driving Value in the Supply Chain Historically, autonomous robots have been used to perform tedious and repetitive tasks, necessitating sophisticated programming for setup and incorporation while lacking the dexterity to easily adjust operations. As autonomous robots become more intelligent, their setup times decrease, they need less monitoring, and they are able to work alongside their human counterparts. The benefits for the future supply chain are increasing as autonomous robots become more capable of working day and night with more consistent levels of productivity and quality and performing tasks that individuals should not, cannot, or do not want to do. Autonomous robots drive advancements and add value to the supply chain, primarily by increasing revenue potential and lowering direct and indirect operating costs. Autonomous robots, in particular, can assist: Boost efficiency and productivity. Lower risk, error frequency, and rework rates. Enhance employee safety in high-risk workplaces. Handle low-value, routine tasks so people can work together on strategic projects that can't be done by machines. Raise revenue by optimizing order fulfillment rates, and delivery speed, and, ultimately, increasing customer satisfaction. Sneak Peek into the Future of Autonomous Robot Autonomous robots are expected to witness strong growth in the coming years. These robots will become more common in the future supply chain as technology advances, allowing them to operate with more human-like abilities. Improvements in haptic sensors, for example, will enable these robots to grasp objects varying from multi-surfaced metal assembly parts to fragile eggshells without requiring changes to robotic components or programming. This will encourage companies operating in the industry to increase their research and development activities and introduce innovative and advanced supply chain technologies.

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SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN

Complexities Triggering Technological Advancement in Transport & Logistics

Article | July 18, 2022

Over the past decade, transportation and logistics have witnessed an immense transformation, from using automotive vehicles to drones and paper tags to advanced geotags. Also, the introduction of novel technologies and incorporation of innovative solutions such as artificial intelligence and blockchain has further reshaped the sector. How is Rising Complexity Triggering the Adoption of Novel Technologies? Today's supply chain is, in a word, complex. It has so many complexities, from ever-rising consumer expectations and disruptive events to globalized sourcing and omnichannel demand, that it is now being compared to a modern-day Gordian knot. With complexity comes ambiguity, particularly in the transportation and logistics industry. For instance, importers are expected to find cost-effective and efficient ways to transport goods from manufacturing facilities, which are frequently located halfway around the world, to distribution centers and then, ultimately, into the hands of consumers. In addition, e-commerce has further added to the complexity by introducing new channels into the jumble along with the introduction of same-day or next-day delivery standards with higher transparency and tracking features by leading players such as eBay, Walmart, and Amazon Here are a few prominent technologies assisting logistics companies to counter these complexities. Data Analytics Big data analytics aids in the more accurate and efficient planning of operational processes, services, and strategies, allowing businesses to align with emerging consumer needs. Artificial Intelligence (AI) and Machine Learning AI and Machine Learning have become the most sought-after tech in the transportation food chain. It assists businesses in enhancing operational functionality, boosting productivity and speed, designing optimal transit networks and routes, and improving safety through predictive risk calculation and elimination. The Internet of Things (IoT) With the rising need for transparency and tracking of shipped goods, IoT is garnering immense popularity across the transportation and logistics sector. It enables businesses to monitor and track their goods in real-time with the help of geo-tagging, RFID tags, and GPS, resulting in fewer delays in deliveries.

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SOFTWARE AND TECHNOLOGY,LOGISTICS

Predicting the Future of the Logistics Industry

Article | July 8, 2022

Introduction From warehouse robots to delivery drones, the supply chain is experiencing a tremendous upheaval. AI promises a totally autonomous and self-organized future supply chain. A fleet of vehicles utilizing a swarm algorithm can enhance cargo yard throughput; a trusted peer-to-peer ledger on blockchain architecture could change compliance in the sector; and wearables, mobile robotics, and machine learning technologies could speed up order fulfilment. IOT e-brokerage solutions can link shops to couriers and transporters with a click. Tomorrow's supply chain will be leaner, quicker, and self-organized. A few innovative technologies will fuel this unparalleled rate of change over the next 15 years. Here are the major technologies that are shaping the future of the logistics industry. Logistics Technologies for the Future Shipment Tracking Systems Previously, customers ordered shipments, had an anticipated arrival date, and then were kept in the dark until they chose to call. Customers can now access shipping and tracking systems around-the-clock due to developments in the internet and software. This not only enhances the customer experience (cx), but it also saves the business time and money. Internet of Things (IoT) The IoT reduces costs and delays by minimizing hazards in the supply chain. Cabs, cargo ships, trains, etc., have sensors that link to an alarm system or dispatcher. These sensors analyze and communicate information to the crew, who learns about hidden threats. IoT isn't a new technology, but it continues to influence logistics by improving in-transit visibility and delivery. Radio Frequency Identification (RFID) RFID technology has been used for a few years to monitor inventories labor-efficiently. A product tag or sensor produces radio waves. The company processes the data. RFID tags are similar to barcodes, but their faster information transport and data processing appeal to companies and the direction of technology. Many organizations use RFID tags to track containers in warehouses. Enhanced GPS Accuracy Almost everyone utilizes GPS on their vehicles or smartphones. These devices' accuracy has improved over time, assisting lost drivers and enhancing the supply chain. By monitoring truck locations and boosting hauls with current traffic data, GPS increases efficiency and customer satisfaction. Closing Lines Unprecedented times have produced unprecedented transformations that will last for generations. Changing demographics, technology improvements, and COVID-19 impacts are altering global supply networks. We must understand the driving factors and act on what we learn to adapt and rise to the situation. For the sake of our current workforce and future generations.

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Spotlight

Orange County Transportation Authority

The Orange County Transportation Authority (OCTA) is Orange County’s primary transportation agency. OCTA was formed in 1991 through the consolidation of seven separate transportation agencies. A 17-member Board of Directors governs OCTA with the Caltrans District Director serving as the 18th member in an ex-officio capacity.

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SUPPLY CHAIN

CDPQ invests in QIMA, a leading provider of supply chain compliance solutions

CDPQ | December 08, 2021

Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today announced the acquisition of a significant minority interest in QIMA, a leading provider of supply chain compliance solutions, alongside QIMA's founder and management. This investment will allow the company to continue driving its strategic growth plan focused on both acquisitions and the expansion of its service offerings into new geographies and sectors. The transaction is subject to customary regulatory approvals. Founded in 2005, QIMA is a fast-growing global Testing, Inspection and Certification (TIC) company and a digital pioneer in the sector that has invested heavily in developing an industry-leading technology platform. The company is active in the food, consumer goods and life sciences markets with over 15,000 clients in over 120 countries. QIMA has a broad global presence with more than 4,000 employees in 88 countries, as well as offices and specialized laboratories located around the world. The company has further developed a differentiated value proposition through its own supply chain quality management SaaS platform, QIMAone, which facilitates transparency and collaboration by enabling customers to have real time visibility of their entire procurement ecosystem and a shared view of quality and compliance performance. "We are thrilled to welcome CDPQ and begin a new chapter in the development of QIMA". "As consumers' expectations surrounding quality, safety, and environmental impact continue to rise, widespread disruptions are simultaneously making global supply chain management more complex than ever. With the support of CDPQ, QIMA is in a unique position to help. By combining an industry-leading technology platform with our global experts' presence on the ground, we'll continue to bring more transparency and traceability to the products consumers are using every day." -Sebastien Breteau, founder and CEO at QIMA "QIMA has enjoyed significant growth thanks to its superior level of digitalization and ability to successfully integrate numerous acquisitions over the last few years while also continuing to serve a growing base of blue-chip clients". "With this investment, we look forward to partnering with QIMA and its strong management team as they continue to support a broad range of clients across the world with fast, accurate and transparent data that is essential to ensuring quality products that improve consumer safety and confidence." -Martin Laguerre, Executive Vice-President and Head of Private Equity and Capital Solutions at CDPQ Linklaters LLP served as legal counsel, BCG as commercial advisor, and PwC as finance and tax advisor to CDPQ. SVZ served as legal counsel, EY-Parthenon as commercial and IT advisor, Accuracy as finance advisor, and DLA Piper as tax and legal advisor to QIMA. Oloryn Partners served as advisor to QIMA's management. ABOUT QIMA At QIMA we are on a mission to offer our clients smart solutions to make products consumers can trust. We combine on-the-ground experts for quality inspections, supplier audits, certification, and lab testing, with a digital platform that brings accuracy, visibility and intelligence for quality and compliance data. We operate in 88 countries and help more than 15,000 global brands, retailers, manufacturers, and food growers achieve quality excellence. Our 4,000 committed employees live and make decisions everyday by the set of our core values: have a look and learn more about the QIMA way. ABOUT CDPQ At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2021 CDPQ's net assets total CAD 390 billion.

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SUPPLY CHAIN

Accenture Invests in Operational Resilience and Supply Chain Cybersecurity Company Interos

Accenture | December 07, 2021

Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in Interos, an operational resilience and supply chain risk management company that uses machine learning to monitor global business relationships and identify risks. The Interos platform uses AI and machine learning to monitor and analyze a wide array of supply chain issues in real time across multiple risk categories, including financial, operational, governance, geographic, and cybersecurity. The company’s Operational Resilience Cloud contains more than 30 million unique entities sourced from public, academic, government and commercial data sets. “Organizations need a better way to understand not only their own cybersecurity vulnerabilities, but potential risks across the entire scope of their supply chains,” -Kelly Bissell The ongoing disruption to the global supply chain, which continues to escalate, has brought the issue of risk and resilience from the back room to the board room. Our research has shown that large companies are losing an average of $184 million annually because of supply chain disruption. There has never been a stronger case for automated and continuous supply chain monitoring which can only be accomplished with AI and machine learning capabilities. This investment from Accenture will allow us to plug into new markets across the globe and bring real-time, effective insight and operational resilience to companies urgently trying improve their supply chain management.” -Jennifer Bisceglie, CEO of Interos With a current valuation of more than $1 billion USD, Interos is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that connects emerging technology software startups with the Global 2000 to fill strategic innovation gaps. Project Spotlight offers extensive access to Accenture’s domain expertise and its enterprise clients, helping startups harness human creativity and deliver on the promise of their technology. New Accenture research shows why organizations should think beyond securing their own enterprises to better secure their vendor ecosystems. Accenture’s 2021 State of Cyber Resilience report reveals that despite two-thirds (67%) of organizations believing that their ecosystem is secure, indirect attacks accounted for 61% of all cyberattacks this past year, up from 44% the prior year. “Supply chain visibility is one of the biggest issues in business resiliency today, and as corporate relationship networks continue to grow, this problem will only become more and more complex,” said Kris Timmermans, Accenture’s Supply Chain & Operations global lead. “Accenture Ventures’ investment in Interos will transform the way our clients see into their own ecosystems and will help safely accelerate their growth. From a whole new angle, clients will get clear picture of their supply chain and potential threats to their business operations, including cyber risks they should prioritize and address.” Terms of the investment were not disclosed. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 624,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities About Interos Interos is the operational resilience company — reinventing how companies manage their supply chains and business relationships — through our breakthrough SaaS platform that uses artificial intelligence to model and transform the ecosystems of complex businesses into a living global map, down to any single supplier, anywhere. Reducing months of backward-looking manual spreadsheet inputs to instant visualizations and continuous monitoring, the Interos Operational Resilience Cloud helps organizations reduce risk, avoid disruptions, and achieve superior enterprise adaptability. Businesses can also uncover game-changing opportunities to radically change the way they see, learn and profit from their relationships. Based in Washington, DC, Interos serves global clients with business-critical, independent relationships across their primary operational areas: supply chain, financial, cybersecurity, regulatory and ESG compliance, and geographical. The fast-growing private company is led by CEO Jennifer Bisceglie and supported by investors Kleiner Perkins, NightDragon, and Venrock

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SUPPLY CHAIN

Nulogy and OMP partner to serve multi-enterprise connected CPG supply chains

Nulogy | December 03, 2021

Nulogy and OMP have signed an accord to jointly deliver digital solutions for multi-enterprise connected supply chains in the consumer packaged goods (CPG) industry. The new partnership allows the two companies to deploy their extensive expertise more effectively to bring value to CPG brand communities. OMP Unison Planning™ optimizes supply chain operations within an organization—from sales and operations to logistics and procurement—ensuring the company is aligned on strategic goals. OMP's solution is trusted by Fortune 500 companies such as Procter & Gamble, Land O' Lakes, and General Mills. Nulogy is a purpose-built multi-enterprise platform for contract supplier networks. It enables FMCG brands and their extended suppliers to collaborate seamlessly on a centralized, data-driven, AI-enabled platform. Nulogy is already running in the supply networks of leading brands such as L'Oréal, Colgate-Palmolive, and Church & Dwight, as well as hundreds of supplier sites around the world. As a leader in demand and supply planning, OMP believes strongly in the power of technology to advance supply chain performance and efficiency. We are excited to work with Nulogy, a like-minded partner with customer communities in common, who also complements our capabilities." Philip Vervloesem, Senior Vice President, OMP USA. "Given the speed and volatility of today's global market, it is more important than ever for brands to collaborate on a frictionless digital ecosystem with their supplier communities," said Jason Tham, Nulogy's CEO. "Through our partnership with OMP, we look forward to enabling true end-to-end supply web transparency, as well as next-level supply sensing through modern intelligent systems." The new partnership is set to give both companies a fresh catalyst to provide FMCG brands a frictionless cohesive way forward in their digital transformation. Together, Nulogy and OMP are aiming to make the manufacturing, packaging, and delivery processes more flexible and less wasteful. Benefiting consumers and manufacturers alike, both companies are confident the alliance will result in supply networks that are less susceptible to disruption and more sustainable. About Nulogy Nulogy, a leading provider of collaborative supply chain solutions, allows consumer brands to respond with ease and speed to volatile retail and consumer environments while reducing waste and costs. Designed to optimize contract manufacturing and co-packing operations and enhance supply chain synchronization, Nulogy's cloud-based software platform allows consumer brands and their external suppliers to unleash innovation in the consumer products value chain and accelerate brand growth. Visit Nulogy online at www.nulogy.com. About OMP OMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries - spanning consumer goods, life sciences, chemicals, metals, paper and packaging - benefit from using OMP's unique Unison Planning™ concept.

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SUPPLY CHAIN

CDPQ invests in QIMA, a leading provider of supply chain compliance solutions

CDPQ | December 08, 2021

Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today announced the acquisition of a significant minority interest in QIMA, a leading provider of supply chain compliance solutions, alongside QIMA's founder and management. This investment will allow the company to continue driving its strategic growth plan focused on both acquisitions and the expansion of its service offerings into new geographies and sectors. The transaction is subject to customary regulatory approvals. Founded in 2005, QIMA is a fast-growing global Testing, Inspection and Certification (TIC) company and a digital pioneer in the sector that has invested heavily in developing an industry-leading technology platform. The company is active in the food, consumer goods and life sciences markets with over 15,000 clients in over 120 countries. QIMA has a broad global presence with more than 4,000 employees in 88 countries, as well as offices and specialized laboratories located around the world. The company has further developed a differentiated value proposition through its own supply chain quality management SaaS platform, QIMAone, which facilitates transparency and collaboration by enabling customers to have real time visibility of their entire procurement ecosystem and a shared view of quality and compliance performance. "We are thrilled to welcome CDPQ and begin a new chapter in the development of QIMA". "As consumers' expectations surrounding quality, safety, and environmental impact continue to rise, widespread disruptions are simultaneously making global supply chain management more complex than ever. With the support of CDPQ, QIMA is in a unique position to help. By combining an industry-leading technology platform with our global experts' presence on the ground, we'll continue to bring more transparency and traceability to the products consumers are using every day." -Sebastien Breteau, founder and CEO at QIMA "QIMA has enjoyed significant growth thanks to its superior level of digitalization and ability to successfully integrate numerous acquisitions over the last few years while also continuing to serve a growing base of blue-chip clients". "With this investment, we look forward to partnering with QIMA and its strong management team as they continue to support a broad range of clients across the world with fast, accurate and transparent data that is essential to ensuring quality products that improve consumer safety and confidence." -Martin Laguerre, Executive Vice-President and Head of Private Equity and Capital Solutions at CDPQ Linklaters LLP served as legal counsel, BCG as commercial advisor, and PwC as finance and tax advisor to CDPQ. SVZ served as legal counsel, EY-Parthenon as commercial and IT advisor, Accuracy as finance advisor, and DLA Piper as tax and legal advisor to QIMA. Oloryn Partners served as advisor to QIMA's management. ABOUT QIMA At QIMA we are on a mission to offer our clients smart solutions to make products consumers can trust. We combine on-the-ground experts for quality inspections, supplier audits, certification, and lab testing, with a digital platform that brings accuracy, visibility and intelligence for quality and compliance data. We operate in 88 countries and help more than 15,000 global brands, retailers, manufacturers, and food growers achieve quality excellence. Our 4,000 committed employees live and make decisions everyday by the set of our core values: have a look and learn more about the QIMA way. ABOUT CDPQ At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2021 CDPQ's net assets total CAD 390 billion.

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SUPPLY CHAIN

Accenture Invests in Operational Resilience and Supply Chain Cybersecurity Company Interos

Accenture | December 07, 2021

Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in Interos, an operational resilience and supply chain risk management company that uses machine learning to monitor global business relationships and identify risks. The Interos platform uses AI and machine learning to monitor and analyze a wide array of supply chain issues in real time across multiple risk categories, including financial, operational, governance, geographic, and cybersecurity. The company’s Operational Resilience Cloud contains more than 30 million unique entities sourced from public, academic, government and commercial data sets. “Organizations need a better way to understand not only their own cybersecurity vulnerabilities, but potential risks across the entire scope of their supply chains,” -Kelly Bissell The ongoing disruption to the global supply chain, which continues to escalate, has brought the issue of risk and resilience from the back room to the board room. Our research has shown that large companies are losing an average of $184 million annually because of supply chain disruption. There has never been a stronger case for automated and continuous supply chain monitoring which can only be accomplished with AI and machine learning capabilities. This investment from Accenture will allow us to plug into new markets across the globe and bring real-time, effective insight and operational resilience to companies urgently trying improve their supply chain management.” -Jennifer Bisceglie, CEO of Interos With a current valuation of more than $1 billion USD, Interos is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that connects emerging technology software startups with the Global 2000 to fill strategic innovation gaps. Project Spotlight offers extensive access to Accenture’s domain expertise and its enterprise clients, helping startups harness human creativity and deliver on the promise of their technology. New Accenture research shows why organizations should think beyond securing their own enterprises to better secure their vendor ecosystems. Accenture’s 2021 State of Cyber Resilience report reveals that despite two-thirds (67%) of organizations believing that their ecosystem is secure, indirect attacks accounted for 61% of all cyberattacks this past year, up from 44% the prior year. “Supply chain visibility is one of the biggest issues in business resiliency today, and as corporate relationship networks continue to grow, this problem will only become more and more complex,” said Kris Timmermans, Accenture’s Supply Chain & Operations global lead. “Accenture Ventures’ investment in Interos will transform the way our clients see into their own ecosystems and will help safely accelerate their growth. From a whole new angle, clients will get clear picture of their supply chain and potential threats to their business operations, including cyber risks they should prioritize and address.” Terms of the investment were not disclosed. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 624,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities About Interos Interos is the operational resilience company — reinventing how companies manage their supply chains and business relationships — through our breakthrough SaaS platform that uses artificial intelligence to model and transform the ecosystems of complex businesses into a living global map, down to any single supplier, anywhere. Reducing months of backward-looking manual spreadsheet inputs to instant visualizations and continuous monitoring, the Interos Operational Resilience Cloud helps organizations reduce risk, avoid disruptions, and achieve superior enterprise adaptability. Businesses can also uncover game-changing opportunities to radically change the way they see, learn and profit from their relationships. Based in Washington, DC, Interos serves global clients with business-critical, independent relationships across their primary operational areas: supply chain, financial, cybersecurity, regulatory and ESG compliance, and geographical. The fast-growing private company is led by CEO Jennifer Bisceglie and supported by investors Kleiner Perkins, NightDragon, and Venrock

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SUPPLY CHAIN

Nulogy and OMP partner to serve multi-enterprise connected CPG supply chains

Nulogy | December 03, 2021

Nulogy and OMP have signed an accord to jointly deliver digital solutions for multi-enterprise connected supply chains in the consumer packaged goods (CPG) industry. The new partnership allows the two companies to deploy their extensive expertise more effectively to bring value to CPG brand communities. OMP Unison Planning™ optimizes supply chain operations within an organization—from sales and operations to logistics and procurement—ensuring the company is aligned on strategic goals. OMP's solution is trusted by Fortune 500 companies such as Procter & Gamble, Land O' Lakes, and General Mills. Nulogy is a purpose-built multi-enterprise platform for contract supplier networks. It enables FMCG brands and their extended suppliers to collaborate seamlessly on a centralized, data-driven, AI-enabled platform. Nulogy is already running in the supply networks of leading brands such as L'Oréal, Colgate-Palmolive, and Church & Dwight, as well as hundreds of supplier sites around the world. As a leader in demand and supply planning, OMP believes strongly in the power of technology to advance supply chain performance and efficiency. We are excited to work with Nulogy, a like-minded partner with customer communities in common, who also complements our capabilities." Philip Vervloesem, Senior Vice President, OMP USA. "Given the speed and volatility of today's global market, it is more important than ever for brands to collaborate on a frictionless digital ecosystem with their supplier communities," said Jason Tham, Nulogy's CEO. "Through our partnership with OMP, we look forward to enabling true end-to-end supply web transparency, as well as next-level supply sensing through modern intelligent systems." The new partnership is set to give both companies a fresh catalyst to provide FMCG brands a frictionless cohesive way forward in their digital transformation. Together, Nulogy and OMP are aiming to make the manufacturing, packaging, and delivery processes more flexible and less wasteful. Benefiting consumers and manufacturers alike, both companies are confident the alliance will result in supply networks that are less susceptible to disruption and more sustainable. About Nulogy Nulogy, a leading provider of collaborative supply chain solutions, allows consumer brands to respond with ease and speed to volatile retail and consumer environments while reducing waste and costs. Designed to optimize contract manufacturing and co-packing operations and enhance supply chain synchronization, Nulogy's cloud-based software platform allows consumer brands and their external suppliers to unleash innovation in the consumer products value chain and accelerate brand growth. Visit Nulogy online at www.nulogy.com. About OMP OMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries - spanning consumer goods, life sciences, chemicals, metals, paper and packaging - benefit from using OMP's unique Unison Planning™ concept.

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