SOFTWARE AND TECHNOLOGY,FREIGHT
Transfix, Inc | August 12, 2022
Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced Tony Tzeng has joined as the company's first-ever Chief Product Officer. He will lead product strategy, execution, and innovation serving shippers and carriers across the Transfix portfolio. Tzeng's expertise is in enterprise AI, and he joins Transfix from UiPath, a leading enterprise automation software vendor, where he served as VP of Product Management for AI products. Prior to that he served as Principal Lead Product Manager at Microsoft.
"When your goal is to revolutionize the supply chain, you need big thinkers, innovators and operators who make it a reality for your customers. Tony is one of those executives who has it all, His experience driving product and platform strategies, coupled with his AI and ML expertise, will help to accelerate our vision of delivering an Intelligent Freight Platform that powers modern, reliable, and resilient supply chain performance at scale"
-Lily Shen, CEO and President of Transfix.
Tzeng brings 20 years of product and strategy development experience. Most recently, at UiPath, he oversaw the full product life cycle from assessing product/market fit to incubation, product vision, roadmap, launch, and acceleration. While leading the product division for AI-driven automations and a Machine Learning operations platform, he launched new products and grew the portfolio to multi-million dollar businesses that are now growth engines and differentiators for UiPath.
At Microsoft, he led the product team developing cloud and AI solutions for next-gen virtual customer service, giving AI bots groundbreaking levels of accessibility. He also incubated enterprise AI solutions as part of AI+ Research, leading product teams that contributed useful features to well-known software like Dynamics 365 and Microsoft Office. Tzeng also held senior-level positions at McKinsey & Company and Deloitte Consulting.
Transfix has all the pieces for an iconic success story– talented and passionate people, outstanding engineering practices, a data-driven product suite, and a winning corporate culture,said Tzeng.I'm proud to be a part of that story, and I look forward to creating a smarter, more sustainable future for freight.
Tzeng earned his Bachelor of Science in Computer Science at Stanford University and his Masters of Business Administration with Honors at The Wharton School of The University of Pennsylvania.
As announced on September 21, 2021, Transfix has entered into a definitive business combination agreement, as subsequently amended, with G Squared Ascend I Inc. ("G Squared Ascend I") (NYSE: GSQD), a special purpose acquisition company sponsored by affiliates of G Squared, that is expected to result in Transfix becoming a publicly listed company. Completion of the business combination is subject to customary closing conditions.
Transfix drives modern supply chain impact at scale with its Intelligent Freight Platform™. By combining enterprise-grade, machine-learning technology with intuitive software and dedicated supply chain experts, Transfix is enabling organizations to deliver with high performance and high reliability, drive long-term strategy and capacity planning, take empty miles off the road, and optimize their networks, at scale. Today, Transfix connects shippers to nearly 30,000 carriers with real-time, many-to-many freight matching and the visibility they need to make their supply chains more efficient and environmentally responsible. Learn more at Transfix.io.
About G Squared
G Squared is a global venture capital firm that partners with dynamic companies throughout their life cycles as a complete capital solutions provider, working to create value for companies, investors, employees, and other stakeholders. The firm focuses on investments in growth-stage technology companies and has invested in over 100 portfolio companies since it was founded in 2011. The firm's affiliate, G Squared Ascend I Inc. ("G Squared Ascend I"), offers transformative private companies a path to public markets via SPAC. For more information on G Squared and its portfolio, visit: www.gsquared.com. For more information on G Squared Ascend I, visit: www.gsquaredascend.com.
SOFTWARE AND TECHNOLOGY,LOGISTICS
Stord | August 12, 2022
With recent additions to its supply chain offering—namely drayage, e-commerce returns, custom packaging, and temperature-controlled fulfillment—Stord announces it can support DTC, B2B, and omnichannel brands for their complete, port-to-porch supply chain needs. Now, brands can access Stord's best-in-class logistics combined with the integrated technology they need to connect, orchestrate, and optimize their entire supply chains—all through a single partner.
Today's brands continue to struggle with the challenges posed by disparate logistics partners and disconnected technologies—slowing growth, hindering the customer experience, and creating massive operational burden and inefficiencies. By centralizing the entire supply chain experience, brands are able to unlock the connectivity, visibility, and optimization required to have a meaningful impact on their business.
DTC, B2B, and omnichannel brands can use Stord to assemble the right solution for their business needs by accessing any or all of the following services—all managed through Stord's new vendor- and sales-channel agnostic Stord One Commerce* software platform.
Full truckload (FTL) and Less-than truckload (LTL) freight transportation
B2B warehousing and fulfillment
B2C warehousing and fulfillment
Temperature-controlled warehousing, fulfillment, and TL reefer*
Parcel shipping with discounted rates
Retailer compliance prep
Value-added services (VAS), like kitting, labeling, etc.
Stord's drayage and transloading capabilities allow brands to have their containerized product moved from a U.S. port to any facilities—whether it's in the Stord network or not—with real-time freight management and support from dispatch to delivery.
Stord also added custom packaging and printed products, as well as packaging engineering and development capabilities, to its fulfillment operations to improve the customer experience for brands, drive sustainability, and reduce total landed cost.
And to support an order's complete lifecycle, Stord now supports e-commerce returns handling to manage receiving and disposition processing of returns at the warehouse, ensuring product is either returned to sellable inventory or properly disposed.
"When today's brands try to make impactful changes to their supply chains, they're severely limited due to too many partners and siloed systems,By bringing more parts of the supply chain under the Stord domain, brands can manage the entire process, from port to porch, all through a single partner."
-Sean Henry, CEO and co-founder of Stord.
Today's announcement underscores Stord's continued momentum and comes on the heels of launching its Stord One Commerce software, announcing temperature-controlled logistics in collaboration with Fresh Del Monte, increasing its network capacity, and extending its Series D round to over $200M in funding at a valuation of $1.3B with a new investment led by Franklin Templeton. To learn more about Stord's Cloud Supply Chain approach, visit stord.com.
Stord is the leading Cloud Supply Chain provider enabling companies to compete and grow with world-class logistics—including warehousing, freight, and fulfillment—in a single, integrated platform that's available exactly when and where they need it. Hundreds of B2B and B2C companies like BODYARMOR, Native, Tula, Advance Auto Parts, Thrasio, and Dollar General use Stord to make their supply chains perform with the speed, flexibility, and ease of the cloud. Led by former operators from Amazon, XPO, and Manhattan Associates, Stord is headquartered in Atlanta and backed by leading investors, including Kleiner Perkins, BOND, Franklin Templeton, Founders Fund, Lux Capital, D1 Capital, Salesforce Ventures, Susa Ventures, and Lineage Logistics.
SEKO Logistics | August 10, 2022
SEKO Logistics (SEKO), the leader in global end-to-end logistics solutions, announced the acquisition of Pixior, LLC. (Pixior), a leading 3PL and fulfillment services provider based in Commerce, CA. With seven locations along the West Coast, and one location in Connecticut, Pixior has become the region’s premier provider of ecommerce fulfillment and retail services, with an emphasis on serving high-end fashion brands.The acquisition of Pixior brings key ecommerce capabilities in-house to SEKO in the critical West Coast market. These capabilities include high-touch value added fulfillment services that provide a customized brand experience to client customers, for which Pixior offers a truly unique service. This acquisition also nearly doubles SEKO’s fulfillment and warehouse space in the US and triples SEKO’s existing West Coast space capacity. In addition, SEKO adds Pixior’s drayage business to increase further the speed and efficiency of its port discharge services.
“With the acquisition of Pixior, we crystallize our industry leadership in end-to-end logistics solutions and take a significant leap forward in our fulfillment capabilities in the US, We are operating on a strong growth trajectory and looking for opportunities that allow the company to continue to move at the speed of commerce from anywhere in the world. Yassine and the Pixior team have demonstrated their clear ability to execute outstanding service, quickly develop new space and onboard clients in highly constricted markets. We believe in what they’ve accomplished and are ready to help the company and its clients grow even more.”
-James Gagne, CEO of SEKO Logistics
SEKO’s strong global presence will also expand Pixior’s existing offerings, providing clients of the company access to:
Technology and compliance led value-added freight forwarding capabilities, especially for Asia-US trade lanes
In-country fulfillment capabilities in key European and Asia Pacific markets to support international expansion strategies
Personalized last mile ecommerce transportation services
“Pixior has grown substantially since the company was founded more than 20 years ago. To continue our growth, we needed a partner with the right capabilities and expertise to accelerate and expand what we’ve been able to achieve. SEKO is the right partner, We admire the company’s global reputation of being a no-nonsense, hands-on and reliable provider of first-class logistics solutions, just like us. Plus, with their global operations, there is no limit to our customers’ growth potential.”
-Yassine Amallal, CEO of Pixior.
About SEKO Logistics
Built on nearly 50 years of logistics expertise, SEKO Logistics is the no-nonsense global end-to-end logistics partner – from shipper to consumer. SEKO delivers client-first service, expert reliability and tech-driven shipping solutions that turn customers’ supply chains into a competitive advantage. With over 150 offices in more than 40 countries, SEKO helps you move at the speed of commerce. Learn more at sekologistics.com.