Mphasis | October 21, 2020
Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with R3, a leading global enterprise software firm, to jointly create innovative blockchain-enabled payment solutions and take them to market. Leveraging R3's blockchain platform, Corda, Mphasis is strategically extending its Payments and Trade Finance technology solutions portfolio. The partnership will focus on the acceleration of ALTATM, the digital payments and supply chain finance ecosystem formed by Mphasis to connect global enterprises, their supply chains, and a wide range of financial services and infrastructure providers into a modern value transfer network for global trade. The solution will provide Mphasis customers with access to a suite of next generation payments, working capital, and Foreign Exchange services that can be seamlessly deployed on Corda. Corda is a blockchain platform that removes costly friction in business transactions across every industry, from financial services and healthcare to oil and gas. It enables institutions to transact directly using smart contracts, while ensuring the highest levels of privacy and security. Recent events have highlighted the critical role that financial resilience plays in the sustainability of every supply chain, and the structural gaps that still exist in how financing is traditionally deployed. The innovative collaboration with R3 will allow small and medium sized businesses – who are typically the weakest link in most supply chains - to easily and digitally access working capital and other financial services that will help bolster and strengthen the entire supply chain. Due to the scalability, low-latency and encrypted environment in which Corda operates, the solution is optimized for business cases requiring institutional grade controls in reliability and availability.
Vorto | March 15, 2021
Vorto, a supply chain management company is on a mission to reduce the inefficiencies and cost while increasing the revenue and automation of the supply chain management. They have now introduced a one-of-its-kind platform that uses artificial intelligence that completely automate the decision making to reduce the inefficiencies that occur in supply chain management.
Reload is capable to automate almost every functions of supply chain, including demand forecasting, product procurement, scheduling, carrier logistics, driver dispatching, and invoicing. In addition to these automations, Reload also drastically reduces the environmental impact of supply chains while enabling the supply chain companies to save over $400 million per year.
Vorto being a well-established supply chain management company, has over 47,000 users on its other platforms, SANDi, and HAULi, including providers and thousands of suppliers and many corporate customers like Halliburton. Vorto’s previous platform used to be industry-focused, but with Reload, they have developed a platform that can eliminate inefficiencies of sectors like energy, agriculture, food-processing, commodities, and aggregates.
Reload solves the inefficiencies with the help of AI and automation by creating automated marketplace where it automates the transaction of customers, suppliers, and logistics. It calls artificial intelligence to carry out real-time data analysis and delivers autonomous decision-making in the functions like procurements and logistics. This automation of decision-making saves time and money for the supply chain companies as there is no need of manually handling any obstacles in the supply chain.
“Supply Chain is an extremely dynamic and complex network of activities. The Real time data analysis and visualization of supply chain data consumes time, cost, and leaves room for human-errors in decision making,” stated Priyesh Ranjan, CEO of Vorto. He also adds “We designed Reload as a step to change supply chain evolution and suffice today’s businesses need. By just pressing AutoPilot, the software initiates a completely autonomous decision-making platform that delivers substantial monetary and environmental savings across procurement and logistics.”
The supply chain network that majority of the market uses has a complex intertwined network between raw material providers and end customers. The procurement, logistics, and operations add up the complexity of these networks. These intertwined connection between suppliers, consumers, and carriers makes it difficult to act in real-time, and leads to greater NPT (Non-Productive Time), increased rise of stockouts, and reduces carrier asset utilization rates.
The recent automation of various industries has also touched the supply chain management, as digitization makes it possible to collect massive amounts data in the hopes of turning manual workflows into automated ones. However, there are still inefficiencies that are needed to be addressed in the functions like preparing, analysing, and communicating the data as supply chain decision-makers face cognitive overload that cost the organizations millions of dollars. Relying on just automation might not be able to reduce these inefficiencies to its extent.
The Vorto’s Reload is the paradigm shift supply chain needs, as it involves AI that can take correct decision within a matter of milliseconds, and be cost-effective at the same time. Vorto offers a powerful AI solution to buyers, sellers, and logistics providers that enables them to describe their supply chain as an asset and keep it on complete autopilot mode. Vorto’ Reload has already:
• Eliminated 150,000 Tons of CO2 emission since its implementation
• Reduced the number of transport vehicle on the road by 66%;
• Cut user supply chain spend by 40%.
Metro Supply Chain Group, HCL Logistics | March 04, 2021
Metro Supply Chain Group Inc., a North American leader in end-to-end supply chain logistics solutions, reported today an essential investment in HCL Logistics Inc. and HCL Transport Inc. a contract logistics company having some expertise in guard and industrial sectors, settled in London, Ontario.
"With this important investment, Metro Supply Chain Group is building on our proven leadership, ingenuity and quality services to clients with complex requirements, while deepening our capabilities in the defence sector," said Chiko Nanji, Group Chairman of Metro Supply Chain Group.
Giving cutting edge warehousing, manufacturing line sequencing, and dissemination for on-time conveyance of critical protection segments to worldwide customers, HCL Logistics offers fast turnaround and industry-driving exactness, notwithstanding full perceivability and detailing through each phase of the supply chain.
"We're proud of all we've done to support our Canadian Forces and Allied Forces around the world," explained Tim Van Holst, President of HCL Logistics. "As part of Metro Supply Chain Group, we're well-positioned to further enhance our defence solutions and also expand into new markets."
With an attention on development through business insight, predictive transportation management software and progressed automation, Metro Supply Chain Group and HCL Logistics share a typical vision and entrepreneurial spirit. The two organizations are additionally adjusted on their solid, individuals driven societies based on respectability and cooperation, just as a pledge to conveying unmistakable advantages to their customers' organizations.
"This market demands executional excellence and innovative solutions. As disruptions in global supply chains continue at an unprecedented pace, Metro Supply Chain Group can respond faster with the right strategy, plan and execution to help clients succeed," said Martin Graham, Group President of Metro Supply Chain Group. "This is the start of a longterm partnership with Tim Van Holst, Franco Barbon and the exceptional team at HCL Logistics."
Metro Supply Chain Group and HCL Logistics gladly share a promise to our militaries. Mr. Nanji, a long-term benefactor and member in Canadian protection activities, was named Honorary Colonel in the Canadian Armed Forces in 2012, and is right now with the Intelligence Regiment, Canadian Army. Metro Supply Chain Group is additionally satisfied to help the significant work of the Conference of Defense Associations (CDA) Institute.
About Metro Supply Chain Group
Based in Canada, Metro Supply Chain Group operates a significant network of over 70 sites across North America and Europe with a team of more than 6,000 associates. Its scale, deep capabilities, and entrepreneurial structure enable it to solve its customers' most challenging supply chain needs quickly.
About HCL Logistics Inc. and HCL Transport Inc.
HCL Logistics provides logistics solutions, warehousing, transloading and transport management to Canadian and global manufacturers in a secure defence environment. Since its inception, HCL Logistics has emphasized a focused strategy of investment in infrastructure and logistics capabilities to address complex national defence requirements and performance metrics. The result is state-of-the-art warehousing that includes vertical space-saving storage systems, modern condensed racking systems, automation, and just-in-time delivery. HCL Transport provides transloading and transport services, a key strategic capability between North American rail freight and over-the-road transport.