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Wayfair | August 06, 2020
Wayfair dramatically reversed its trend of quarterly losses in the hundreds of millions in the second quarter when pandemic-driven online home spending ratcheted up the company's immense and admittedly underutilized logistics network, reported executives Wednesday. The company posted $274 million in net income in Q2 after losing $286 million in Q1 and more than $1 billion 2019.The e-tailer reported an 83% year-over-year increase in net revenue in Q2 while doubling the wholesale dollars...
Software and Technology
prnewswire | May 29, 2023
GEODIS, a world leader in transport and logistics, announced today it has acquired Southern Companies, a leading drayage provider based in the U.S. that handles all phases of the import and export process. The acquisition enhances GEODIS' end-to-end supply chain capabilities across the U.S., further strengthening its position as one of the world's leading providers of logistics services. Southern Companies is a family-owned business founded in Miami in 1965 and has moved m...
Sustainability,Supply Chain
EarlyBirds | December 22, 2022
EarlyBirds, has developed an open innovation ecosystem platform with services that brings together innovators, early adopters, and subject matter experts (SMEs) to come up with ways to hasten technology advancement and adoption in an organisation, wants to help businesses bring the latest innovations for supply chain networks. This is vital because Gartner has recently pointed out the growing need for more resilient, integrated, and sustainable supply chain networks. All Chief Supply Chain Offic...
Logistics
Locus | August 23, 2021
Locus, a future-ready platform that automates supply chain decisions, has partnered with PostTag, a cutting-edge address lookup and validation service, to create an end-to-end technology solution for deliveries. The combination of Locus' market-leading automated supply chain management platform and PostTag's innovative address lookup technology is set to 'disrupt' the APAC market where many brands are grappling with legacy systems that are no longer optimized to me...
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