businesswire | May 31, 2023
Emergent Cold Latin America (Emergent Cold LatAm or the Company), the fastest-growing refrigerated storage and logistics service provider in Latin America, announced today its recognition by the leading industry association as the largest refrigerated warehousing and logistics provider in Latin America and the Caribbean, and the sixth largest provider in the world. These designations by the Global Cold Chain Alliance (GCCA) were determined by total capacity of temperature-controlled space operated by GCCA members as of December 31, 2022.
This achievement represents an important milestone in the company’s short history. Emergent Cold LatAm was founded in August 2021 with a vision to reshape the food chain logistics across Latin America. Less than two years later, the Company now operates in 11 countries with more than 60 warehouses and more than 4 million cubic meters of storage capacity. Emergent Cold LatAm accomplished this scale through the completion of 14 acquisitions and 7 new development projects that are now under construction.
“When David and I launched this venture in 2021, I could envision the extraordinary growth that we would enjoy, but not necessarily over such a short period of time,” said Neal Rider, CEO and Co-Founder of Emergent Cold LatAm. “This is a testament to the quality and commitment of our leadership team, and the thousands of Emergent Cold LatAm associates working across the region. I am extremely proud of what we’ve accomplished together, and grateful to our Board and investors for their support.”
“We never set our sights on being the largest in Latin America, but we purposefully intended to offer differentiated services to our customers wherever they might be located,” said David Palfenier, President and Co-Founder of Emergent Cold LatAm. “It turns out we shared this goal with the founders whose companies are now part of our network. Together, we have assembled a collection of world-class assets and provide strategic solutions for our customers. So much yet to do, but this is a great first milestone for Emergent Cold LatAm.”
As the region’s largest and most international cold storage and logistics platform, Emergent Cold LatAm is uniquely positioned to offer integrated solutions for customers across the food supply chain. The Company continues to invest in systems and people to provide a full range of value-added services including transportation and processing. In addition, the Company’s strategic alliance with Lineage Logistics – the world’s largest cold storage operator – creates additional opportunities to enhance customer service.
About Emergent Cold LatAm
Emergent Cold Latin Americais the largest refrigerated warehousing and logistics provider in Latin America and the Caribbean, building the highest-quality cold chain network to provide end-to-end temperature-controlled logistics solutions to their customers across the region. The company was founded in August 2021 to cover the need for modern cold chain solutions in the market and to meet the increasing demand from domestic and global customers. Emergent Cold LatAm currently operates more than 500 trucks and more than 60 cold storage facilities, including seven new facilities now under construction, to complete a total of 11 countries across Latin America.
prnewswire | May 30, 2023
One of the largest privately held logistics companies in the U.S., Warehouse Specialists, LLC (WSI), has selected Metafora to assist with WSI's technology strategy for its brokerage and managed transportation offerings. The goal of this partnership is to further modernize and improve the WSI freight unit's technology and make better use of its data.
"The technology approach for our warehouse business has been to take best-in-class software modules from a variety of vendors and tie them together to provide our customers with a truly reliable and data-rich experience. Our transportation business requires the same thing. Metafora has a unique combination of deep technology expertise, operating experience, and market knowledge. It also shares WSI's commitment to customer service. Partnering with Metafora was an easy decision," says Peter Davis, VP and General Manager of Fulfillment and Chemical for WSI.
The partnership with WSI on its digital freight initiative will focus on technology selection and data strategy to support rapid growth goals and ensure consistent and top tier customer experience.
"Metafora is excited to partner with WSI on this journey. They have an incredible team, an incredible reputation, and an incredible track record of delivering for their customers. Delivering our technology and industry expertise will ensure that WSI remains an industry leader in all facets of their business through this digital transformation," added Ryan Schreiber, Metafora's Chief Growth Officer.
As the freight tech landscape continues to evolve, Metafora is uniquely positioned to help trucking companies, shippers, 3PLs, freight brokers, freight forwarders, and others in the transportation and supply chain industry navigate challenges and capitalize on opportunities. With a focus on technology and data-driven solutions, Metafora helps businesses achieve greater efficiency, cost savings, and customer satisfaction.
Founded in 1966, WSI is one of the largest privately-held 3PLs in the U.S. Through its roughly 14 million square feet of warehousing space, asset and non-asset transportation offerings, and large rail network, WSI provides absolute supply chain reliability for customers ranging in size from the Fortune 500 to recent startups.
SOFTWARE AND TECHNOLOGY
prnewswire | May 29, 2023
GEP, a leading provider of supply chain strategy, software, and services to Fortune 500 and Global 2000 enterprises worldwide, today announced the launch of a suite of solutions within GEP SOFTWARE that uses OpenAI's ChatGPT technology through Microsoft Azure OpenAI Service.This integration offers clients an intuitive interface to query data, automate processes and improve decision-making to optimize operations.
"The AI capabilities from Microsoft are a giant leap forward. This integration provides our clients with a conversational-based interface that is more intuitive, allowing them to derive actionable insights and improve global procurement and supply operations like never before, unlocking new levels of efficiency and productivity," said Subhash Makhija, chief executive officer, GEP. "We're using generative AI capabilities through Microsoft Azure OpenAI Service to identify operational gaps and risks in supplier contracts and brainstorm ways to optimize procurement and value chains."
"This collaboration aims to accelerate AI-driven innovation to deliver more efficient and sustainable global procurement and supply chains for our joint customers," said Alvaro Celis, vice president of ISV Sales for Microsoft.
GEP SOFTWARE, used in 120 countries, is available in the Microsoft Azure Marketplace. It includes GEP SMART™, named the world's best procurement software, encompassing spend analysis, sourcing, contract management, supplier management, savings project management, catalog management, and category workbench, and GEP NEXXE™, the next-generation cloud-native supply chain unified platform. Microsoft's generative AI capabilities are incorporated into the GEP MINERVA™ suite of AI and machine learning (ML) engine enabling cross-organization data analytics and decision support. GEP SOFTWARE enables global companies to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement, purchasing and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI.
About GEP Software
GEP Software provides award-winning digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable.
With beautifully rendered interfaces and flexible workflows, GEP provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity.
GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology.
GEP's software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty.
A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, Procurement Leaders and Spend Matters.
GEP SOFTWARE is part of Clark, NJ-based GEP — the world's leading provider of procurement and supply chain strategy, software and managed services.