Supply Chain
Interos | September 22, 2023
Interos, the AI-first operational resilience company, has introduced an innovative solution, Catastrophic Risk visualization and monitoring. This technology takes a proactive approach to supply chain resilience by allowing organizations to pre-plan months in advance, strategically mitigating the potential impact of a wide range of catastrophic risks, from hurricanes and wildfires to grid failures and disease outbreaks. This significant announcement from Interos comes at a pivotal moment, marked by an alarming increase in climate-related disasters, resulting in substantial financial losses and human impact.
In the United States and globally, 23 billion-dollar disasters total $57.6 billion in losses, as reported by NOAA.
Interos' groundbreaking technology addresses the financial aspect and aims to protect lives by shifting enterprises from lagging to leading indicators. It provides early assessments of suppliers exposed to various hazards, including weather patterns, climate fluctuations, communication vulnerabilities, infrastructure challenges, and healthcare capacity constraints. By combining immediate and seasonal hazard intelligence, businesses can proactively detect and prevent seasonal disruptions and disaster-related issues within their extensive supply chains. This innovative solution establishes Interos as a key player in enhancing supply chain resilience and mitigating unanticipated disruptions.
Jennifer Bisceglie, Interos Founder & CEO at Interos, said,
"Leaders throughout industries recognize the need to take control of risk in an environment where resilience delivers competitive advantage. If you think about large-scale, multi-year programs, enterprises need the ability to project where things are going with respect to weather, inflation, energy crisis and other trends to make better-informed business decisions based on impact to their supply chains ongoing operations."
[Source – Cision PR Newswire]
Organizations lacking sub-tier supplier visibility face substantial financial consequences, incurring a collective annual loss of $45 million due to delayed catastrophe response. This figure rises to $82 million, encompassing multifaceted supplier risk factors. Interos' recent report highlights a 33% increase in disruptions since 2022, spurring enterprises to prioritize early preparedness and crisis mitigation, potentially saving $37 million annually. Interos' technology reshapes supply chain risk management by integrating proactive resilience measures, expediting critical supplier processes and ensuring comprehensive risk management at scale.
Through the continuous mapping and monitoring capabilities offered by Interos, enterprises can proactively and effectively navigate the complexities of risk, ensuring supply chain resilience is upheld at both speed and scale. Interos' transformative technology equips organizations with the tools to safeguard their supply chains in an increasingly intricate and interdependent risk environment.
About Interos
Interos is an AI-driven operational resilience company dedicated to helping clients attain Resilience by Design. Leveraging innovative scoring and relationship discovery technologies, Interos empowers customers to streamline risk assessment, detection, and response. As the world's inaugural and sole automated supplier resilience platform, Interos excels in the comprehensive mapping and monitoring of physical and digital supply chains on a grand scale. This proactive approach safeguards organizations against a spectrum of threats, encompassing regulatory violations, unethical labor practices, cyber threats, financial instability, catastrophes, and other systemic vulnerabilities.
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Supply Chain
Pitney Bowes | September 15, 2023
Pitney Bowes showcased innovative digital and physical shipping solutions at Parcel Forum 2023.
The suite includes PitneyShip Pro, PitneyShip Cube, ParcelPoint Smart Lockers, and SendPro Enterprise, aimed at streamlining logistics and enhancing efficiency.
Tailored solutions, including Returns, Cross-Border, Designed Delivery, and Fulfillment, were unveiled, meeting unique business requirements.
Pitney Bowes reaffirmed its commitment to revolutionizing shipping and mailing solutions for modern businesses, optimizing logistics and customer experiences.
Pitney Bowes, a global leader in mailing and shipping, showcased its cutting-edge solutions at Parcel Forum 2023. The company exhibited its solutions at booth #918 of the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee, from September 11 to 13. Vijay Ramachandran, VP of Enablement and Experience at Pitney Bowes, presented on the topic of how online shopper expectations are changing. Pitney Bowes addresses the evolving expectations of online shoppers and offers its solutions to explore at booth #918.
Pitney Bowes has unveiled a suite of innovative digital and physical shipping solutions at booth #918 to enhance business operations.
PitneyShip Pro: This cloud-based solution streamlines shipping label creation and postage printing across your organization, enabling location-independent functionality.
PitneyShip Cube: Pioneering as the first of its kind, the Cube is an all-in-one Wi-Fi-enabled thermal shipping label printer with an integrated scale, optimizing shipping processes.
ParcelPointTM Smart Lockers: These smart parcel lockers revolutionize inbound package handling, offering flexibility, enhanced security, and unparalleled convenience.
SendPro Enterprise: Pitney Bowes' advanced shipping management software consolidates carriers, services, label generation, and tracking within a single scalable platform.
Gregg Zegras, President and EVP of Global Ecommerce, mentioned,
For over a century, Pitney Bowes has helped clients reduce complexity out of their mailing. Today, we help our clients work smarter and make shipping and logistics easier with our suite of modular services such as Designed Delivery, Designed Return, Design Cross-Border and Designed Fulfillment.
[Source – Cision PR Newswire]
It encompasses Designed Returns, Designed Delivery, Designed Cross-Border, and Designed Fulfillment, showcasing tailored ecommerce logistics solutions crafted through consultative engagements, proprietary BOXtools market analytics, and data-driven network modeling to align with each client's unique business requirements.
Pitney Bowes' presence at Parcel Forum established its commitment to advancing shipping and mailing solutions for businesses in an ever-evolving ecommerce market. These offerings reflect the company's dedication to addressing the dynamic needs of modern commerce. By exhibiting these cutting-edge solutions at Parcel Forum, Pitney Bowes is reaffirming its commitment to shaping the future of shipping and mailing for businesses. With an array of innovative tools and software, the company empowers organizations to streamline their shipping processes, enhance customer experiences, and optimize logistics operations.
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Freight, Supply Chain
Echo Global Logistics | September 13, 2023
Chicago-based Echo Global Logistics, Inc., has introduced automated carrier negotiations to its online carrier platform, EchoDrive. This new feature enables carriers to bid on available loads and receive instant notifications of acceptance or counteroffers, streamlining the freight booking process.
Dave Menzel, President and COO at Echo, stated,
Echo continues to pursue innovative transportation technology with our automated carrier negotiation system. This new process, combined with our advanced load-matching algorithm, allows carriers to now find available freight and book it in an automated manner within seconds, eliminating inefficiencies associated with the time carriers spend gaining access to freight.
[Source: PR News Wire]
Jay Gustafson, EVP of Brokerage Operations, highlighted the real-time feedback provided to carriers and the seamless booking experience powered by algorithmic intelligence.
Echo's automated negotiation system enables dispatchers to digitally book available shipments even if the listed price doesn't align. The platform swiftly evaluates carrier bids using a unique algorithm and responds with automated acceptances, counteroffers, or rejections. This feature operates through EchoDrive, the web portal offering real-time load access for carriers.
EchoDrive's algorithm determines bid acceptance thresholds, ensuring swift responses. This feature enhances efficiency for carriers using Echo's web portal. Echo Global Logistics is a Fortune 1000 provider of transportation and supply chain management services, leveraging technology to simplify transportation management for clients.
EchoDrive enhances freight booking efficiency by enabling automated carrier negotiations. It saves time, improves the supply chain, and provides real-time insights. However, reliance on algorithms may not always align with market conditions or carrier needs, and rapid automation may reduce personal interactions. Technical glitches are also a potential risk.
About Echo Global Logistics
Echo Global Logistics, Inc. is a leading provider of technology-enabled transportation and supply chain management services. With its headquarters in Chicago and more than 30 offices nationwide, Echo offers a range of services, including freight brokerage, managed transportation solutions for all major modes such as truckload, partial truckload, LTL, intermodal, temperature-controlled shipping, warehousing, and expedited services.
Echo's proprietary web-based and mobile app technology compiles and analyzes data from a network of over 40,000 transportation providers. This technology helps its 35,000 clients simplify the critical tasks involved in transportation management. Echo has been named one of Newsweek's Most Trusted Companies in America.
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