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Five Keys to Transportation Planning and Optimization Success

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Automating and optimizing transportation management has become essential for companies in today’s more fluid, global, omni-channel world. Reducing freight costs continues to be a primary motivation for investing in Transportation Management Systems (TMS), but securing capacity and improving overall transportation operating efficiency are becoming strong motivators, too.

Spotlight

Rhenus Logistics

The Rhenus Group provides logistics services around the globe and has annual turnover amounting to EUR 4.2 billion. Rhenus employs more than 25,000 people at more than 470 locations worldwide. The Rhenus business areas – Contract Logistics, Freight Logistics, Port Logistics and Public Transport – manage complex supply chains and provide a wealth of innovative value-added services.

OTHER ARTICLES
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.

Read More
SOFTWARE AND TECHNOLOGY,LOGISTICS

Complexities Triggering Technological Advancement in Transport & Logistics

Article | July 12, 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.

Read More
PROCUREMENT AND SOURCING,LOGISTICS

Predicting the Future of the Logistics Industry

Article | August 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.

Read More
SUPPLY CHAIN

Purchasing vs. Supply Chain Management software

Article | June 29, 2022

Purchasing software and supply chain management software are often mistaken for one another, but both have distinct functionalities. While purchasing software automates the procurement process, supply chain management software executes logistical transactions and manages supplier relationships. This report identifies the similarities and differences between the two software categories to help you understand which one is better suited to your needs. What is purchasing software? Purchasing software is an online tool that allows businesses to automate the process of procuring goods and services. It includes security compliance and reporting features. Purchasing solutions offer integrated tools for invoice approval, inventory control, asset management, customer service, and work order management. They help manage contracts, analyze spending, track sales deliveries, and monitor inventory levels. They also assist in identifying bottlenecks in the purchase process, such as functions that have high expenditure. Purchasing software offers invoice processing capabilities as well. Procurement professionals and accounting teams can use the tool to generate invoices, track invoice status, and monitor expenses via detailed reports. What is supply chain management software? Supply chain management software is a software platform that allows supply chain managers to automate the entire supply chain process—from acquiring raw materials to delivering the finished goods to consumers. The software provides tools for monitoring stock levels, including raw materials, and predicting future requirements based on the current inflow and outflow of inventory. Supply chain management tools manage material handling, order fulfillment, and information tracking for stakeholders such as manufacturers, suppliers, and transport and logistics providers. They also track the returns of damaged goods, process refunds and insurance claims, and provide planning and forecasting tools for supply chain professionals. What do they have in common? Purchasing is a crucial component of supply chain management. Together, these processes significantly contribute to an organization’s procurement cycle. Despite the functionality differences, both the software categories have a few features in common, including supplier management, order management, and forecasting. Which tool is right for you? The answer to this question depends on your use case. If you’re looking for a tool that majorly focuses on acquiring supplies, opt for a purchasing software solution, as it will help you streamline the procurement cycle, maintain purchase order accuracy, and monitor supplier activities. However, if you wish to manage your entire supply chain operations, including supplier, transportation, warehouse, and inventory management, then investing in a supply chain software solution would be the right choice.

Read More
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.

Read More
SOFTWARE AND TECHNOLOGY,LOGISTICS

Complexities Triggering Technological Advancement in Transport & Logistics

Article | July 12, 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.

Read More
PROCUREMENT AND SOURCING,LOGISTICS

Boosting Efficiency with Carrier Management

Article | August 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.

Read More
SUPPLY CHAIN

Purchasing vs. Supply Chain Management software

Article | June 29, 2022

Purchasing software and supply chain management software are often mistaken for one another, but both have distinct functionalities. While purchasing software automates the procurement process, supply chain management software executes logistical transactions and manages supplier relationships. This report identifies the similarities and differences between the two software categories to help you understand which one is better suited to your needs. What is purchasing software? Purchasing software is an online tool that allows businesses to automate the process of procuring goods and services. It includes security compliance and reporting features. Purchasing solutions offer integrated tools for invoice approval, inventory control, asset management, customer service, and work order management. They help manage contracts, analyze spending, track sales deliveries, and monitor inventory levels. They also assist in identifying bottlenecks in the purchase process, such as functions that have high expenditure. Purchasing software offers invoice processing capabilities as well. Procurement professionals and accounting teams can use the tool to generate invoices, track invoice status, and monitor expenses via detailed reports. What is supply chain management software? Supply chain management software is a software platform that allows supply chain managers to automate the entire supply chain process—from acquiring raw materials to delivering the finished goods to consumers. The software provides tools for monitoring stock levels, including raw materials, and predicting future requirements based on the current inflow and outflow of inventory. Supply chain management tools manage material handling, order fulfillment, and information tracking for stakeholders such as manufacturers, suppliers, and transport and logistics providers. They also track the returns of damaged goods, process refunds and insurance claims, and provide planning and forecasting tools for supply chain professionals. What do they have in common? Purchasing is a crucial component of supply chain management. Together, these processes significantly contribute to an organization’s procurement cycle. Despite the functionality differences, both the software categories have a few features in common, including supplier management, order management, and forecasting. Which tool is right for you? The answer to this question depends on your use case. If you’re looking for a tool that majorly focuses on acquiring supplies, opt for a purchasing software solution, as it will help you streamline the procurement cycle, maintain purchase order accuracy, and monitor supplier activities. However, if you wish to manage your entire supply chain operations, including supplier, transportation, warehouse, and inventory management, then investing in a supply chain software solution would be the right choice.

Read More
MORE ARTICLES

Spotlight

Rhenus Logistics

The Rhenus Group provides logistics services around the globe and has annual turnover amounting to EUR 4.2 billion. Rhenus employs more than 25,000 people at more than 470 locations worldwide. The Rhenus business areas – Contract Logistics, Freight Logistics, Port Logistics and Public Transport – manage complex supply chains and provide a wealth of innovative value-added services.

Related News

SOFTWARE AND TECHNOLOGY,FREIGHT

Transfix Appoints First-Ever Chief Product Officer Tony Tzeng to Continue Digital Transformation of the Supply Chain

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. About Transfix 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.

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SOFTWARE AND TECHNOLOGY,LOGISTICS

Stord Expands Capabilities to Enable Port-to-Porch Logistics for Brands Through a Single Partner

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. Drayage 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* Custom packaging Parcel shipping with discounted rates Retailer compliance prep Value-added services (VAS), like kitting, labeling, etc. Returns 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. About Stord 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.

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LOGISTICS

SEKO Logistics Acquires Leading 3PL, Pixior, LLC.

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.

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SOFTWARE AND TECHNOLOGY,FREIGHT

Transfix Appoints First-Ever Chief Product Officer Tony Tzeng to Continue Digital Transformation of the Supply Chain

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. About Transfix 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.

Read More

SOFTWARE AND TECHNOLOGY,LOGISTICS

Stord Expands Capabilities to Enable Port-to-Porch Logistics for Brands Through a Single Partner

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. Drayage 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* Custom packaging Parcel shipping with discounted rates Retailer compliance prep Value-added services (VAS), like kitting, labeling, etc. Returns 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. About Stord 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.

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LOGISTICS

SEKO Logistics Acquires Leading 3PL, Pixior, LLC.

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.

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