SUPPLY CHAIN

Cloudleaf and Elementum Announce Solution Partnership

Cloudleaf | August 18, 2021

With the continued expansion of the Cloudleaf partner ecosysetm, Cloudleaf, Inc. and Elementum are pleased to announce their strategic partnership. Cloudleaf provides a SaaS digital intelligence platform that leverages IoT and digital twin technologies to bring enhanced solutions that deliver end-to-end supply chain visibility across the globe. Elementum provides a supply chain service management SaaS platform that centralizes information and communication to drive real-time decisions, enable cross-ecosystem execution, and ensure products are available at the right time, place, quantity, and cost.

Together Cloudleaf and Elementum are providing organizations with supply chain visibility through IoT, while managing exceptions, escalations, and key supply chain processes seamlessly thereby extending customers supply chain digitization capabilities. Combining these strengths, end-users gain end-to-end visibility of the assets and activities within their supply chains in order to transform everyday data into highly efficient operations.

Nader Mikhail, Elementum CEO, shares, “Elementum is thrilled to strategically partner with Cloudleaf; together we can provide a complete end-to-end track, trace, response, and resolve ecosystem. Any incident, anywhere in the supply chain can be automatically identified and addressed in real-time, minimizing disruptions and distractions. In an increasingly chaotic and complex environment, these powerful new capabilities will empower today's supply chain heroes with the solutions they need to hit service levels and ensure customer satisfaction.”

“Cloudleaf is very excited about our solution partnership with Elementum. It highlights the power of a connected ecosystem and solution stack, making it easier for manufacturers, logistic service providers, and supply chain managers to not only understand the location of their items, but also have the ability to drive immediate responsiveness to incidents at the edge of their supply chain. The ability to notify and automate actions in response to asset excursions is a powerful solution capability and another step in unifying solutions for the supply chain ecosystem.” says Mahesh Veerina, Cloudleaf CEO.

About Cloudleaf
Cloudleaf powers next-generation digital supply chains with insights from ground truth and real-time decision-making. Our SaaS platform leverages hyper-scale cloud, digital twin, AI/ML, and IoT technologies to deliver continuous visibility and intelligence. We enable business leaders to make the right decisions in real-time to increase revenues, avoid disruptions, deliver better business outcomes, improve customer satisfaction and increase sustainability.

About Elementum
Elementum is the company behind the leading Supply Chain Service Management platform. In an age when supply constraints are increasingly common and demand forecasts are consistently unpredictable, it’s more important than ever to maintain operational agility in order to hit service levels and keep customers happy. With Elementum, your supply chain can turn information into action.

Spotlight

If you're planning a holiday in France this summer, it might be a good idea to avoid these cities during the early morning and late evening. Marseille comes first for gridlock in France. Commuters in the southern city with a standard 30 minute commute lose 92 hours to traffic jams each year.

Spotlight

If you're planning a holiday in France this summer, it might be a good idea to avoid these cities during the early morning and late evening. Marseille comes first for gridlock in France. Commuters in the southern city with a standard 30 minute commute lose 92 hours to traffic jams each year.

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SUPPLY CHAIN

Altana AI Raises $15M Series A Investment to Build the Single Source of Truth On the Global Supply Chain

Altana AI | September 20, 2021

Altana AI has secured $15 million in Series A funding, led by GV (formerly Google Ventures). Floating Point, Ridgeline Partners, and existing investors Amadeus Capital Partners and Schematic Ventures joined the round, which closed in May 2021. Trade wars, the rise of e-commerce, covid supply chain shocks, and sustainability concerns are driving fundamental changes to supply chain networks and global trade flows. Altana AI is helping enterprises, governments, and logistics providers navigate these changes by connecting them to a shared source of truth on the global supply chain. The company's AI platform — the Altana Atlas — connects and learns from billions of data points to create a living, intelligent map of global commerce. Multinational enterprises like Boston Scientific are connecting to the Altana Atlas to map their supply chains beyond their immediate suppliers, build more resilient supplier networks, and manage risk across their global footprint. Government agencies and global logistics providers in the US and abroad are using the Altana Atlas to surface illicit activity and security threats hiding in opaque supply chain networks. To enable compliant trade at the speed of e-commerce, the world's largest logistics providers and customs agencies are using the Altana Atlas to expedite lawful shipments across borders while filtering out illicit shipments. "The globalization of the last fifty years was a race to the bottom. It was designed to hide a complex, fragile, and dirty supply chain from all of us," said Evan Smith, co-founder, and CEO of Altana. "Globalization 2.0 will bring these networks into the light. Through a single source of truth on the global supply chain, we'll be able to know where our products come from, trust that our shipments will arrive even when disruptions occur, root out bad actors in the seams of global commerce, and include more of society in the benefits of trade and capitalism. We're thrilled and honored to be able to accelerate this vision with the backing of world-class investors." Altana is pioneering a unique federated machine learning approach that enables shared global intelligence without data sharing, unlocking information that was never before available to power artificial intelligence. Karim Faris, General Partner at GV said, "Altana has cracked the code on creating intelligence from data that cannot be brought together directly because of privacy, sovereignty, and intellectual property concerns. In just two-and-a-half years since its founding, Altana is already working with a number of the world's most important government agencies, logistics providers, and enterprises to transform how they manage global supply chains." About Altana AI Altana AI enables trusted commerce by providing the single source of truth on the global supply chain. Our AI platform connects and learns from billions of data points to answer questions about products, shipments, companies, and supply chain networks, helping governments and the private sector build safe, resilient, and sustainable supply chains.

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SUPPLY CHAIN

project44 Buys Last-Mile Delivery and Customer Experience Leader, Convey, in $255M Acquisition

project44 | September 22, 2021

project44, the global leader in real-time supply chain visibility, today announced that it has acquired Austin-based Convey, the last-mile technology leader that powers exceptional direct-to-consumer delivery experiences for more than 200 of the world’s largest brands, including The Home Depot, Nieman Marcus, Ferguson, Ingram-Micro, and others. Convey, recognized as a Challenger in the Gartner 2021 Magic Quadrant for Real-Time Visibility Platforms, combines real-time visibility, post-purchase experiences, and machine learning-powered analytics to improve the overall customer experience. Together, the two companies now serve the global supply chain end-to-end, providing real-time visibility and actionable insights from raw materials to the front door to help brands deliver differentiated direct-to-consumer and eCommerce experiences for their customers. The acquisition, for $255 million in total consideration, is project44’s third in 2021 and its largest to date, cementing the company’s position as the connective tissue for modern supply chains. Having achieved unicorn status earlier this year with a valuation of more than $1.2 billion dollars, project44 is the largest visibility platform company as measured by ARR, customer count, and number of carriers. With Convey, project44 now connects more than 880 global shippers and third-party logistics providers with a network of 113,000 carriers, 2.6 million assets and more than 9 billion last-mile shipment events to help shippers optimize costs, grow revenue, improve speed and service and improve the delivery experience. This acquisition is also significant because it demonstrates project44’s position as the acquirer of choice for Generation 2 logistics technology companies. With three such acquisitions in the past six months, including Ocean Insights, ClearMetal, and now Convey, project44 is the largest Generation 2 logistics technology brand. These modern tech stacks allow project44 to rapidly reuse componentry from the acquired company’s technology within the project44 platform in a dramatically shorter turn-around time than is possible for traditional Generation 1 logistics technology companies. Once a back-office function, supply chain is now recognized by consumers and the industry as one of - if not the most - critical business function from main street to Wall Street, the world over. According to Gartner®, Inc., “enabling end-to-end supply chain visibility, providing access to customer experience (CX) data and aligning with organization-wide CX structures and initiatives are the top actions being taken to drive a more CX-focused supply chain culture.”1 “project44 is solving today’s most critical business challenge - how to deliver on continuously evolving customer expectations while remaining operationally efficient during unprecedented uncertainty and growing complexity,” said Jett McCandless, CEO and founder of project44. “Our acquisition of Convey brings project44 all the way to the front doorstep and helps our partners become more proactive and efficient so they can get people the products they want and need this holiday and beyond.” project44 and Convey radically change the way companies view, learn, and react to downstream changes, such as shipping delays, ETA changes, COVID-related worker shortages and port closures. As companies enter a tenuous holiday season, the demand for total order visibility and the ability to get ahead of issues before they occur has never been greater. Added capabilities from Convey, including the ability to resolve parcel delivery issues through automated customer communication, have bolstered project44’s suite of workflow solutions, allowing carriers and logistics service providers to spend less time working manually and more time focused on their core business. “The stakes are high for companies to not only fulfill and ship orders but to make the right promises about availability and delivery. However, volatile conditions, overwhelming complexity and blind spots in the supply chain make this difficult to achieve,” continued McCandless. “We’ve solved this with the acquisition of Convey, making project44 the unequivocal choice for any company that wants to leverage supply chain and logistics as a competitive advantage and driver of brand loyalty.” Together, project44 and Convey provide a single solution that delivers value to customers and supply chain partners by: Establishing a unified view of the supply chain - from raw materials to the consumer’s door Providing the same managed and superior consumer delivery experience capabilities in eCommerce to the much larger B2B market Streamlining the day-to-day workflows and collaboration between shippers, sellers and carriers to optimize for reduced overhead and increased time spent on value-added work Expanding the impact of AI on the supply chain through predictive ETAs and dynamic transit times both pre-and-post purchase, powered by the industry’s most trusted, comprehensive, and high-quality transportation dataset “Salesforce, Google and Adobe have transformed virtually every aspect of the digital customer experience through visibility and intelligent decisioning in the shape of marketing automation, targeted advertising and personalization. Now with Convey, project44 is bringing this approach and cutting-edge technology to the most complex customer experience challenge yet: the supply chain,” said Rob Taylor, founder and CEO of Convey. “We are thrilled to merge forces with project44 and look forward to continuing to build out one of the world’s greatest and most disruptive software companies.” Improving the Customer Experience “With thousands of shipments in-flight at any point in time and the details around those orders living in many disparate systems across our organization, it can be difficult to figure out which ones need our immediate attention,” said Devin Van Hout, vice president of digital commerce at Ferguson Enterprises. “Convey’s solution gives our team all the information we need to go from reactive to proactive, while also providing us with the tools to communicate with all relevant parties within the same view. The result is a simple, consistent customer experience in the face of massive B2B complexity.” project44 will host the first-of-its-kind virtual Supply Chain Live event at 9:00 a.m. CST on September 28. The event will spotlight the challenges facing brands as they approach retail’s busiest season amidst another disruptive year, and feature a fireside chat with Gartner Vice President of Research, Bart De Muynck. To register for Supply Chain Live or to learn more about the key insights from the project44 platform that are critical to retail’s supply chain, visit project44.com. About project44 project44 is the world’s leading advanced visibility platform for shippers and logistics service providers. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions. Leveraging the power of the project44 cloud-based platform, organizations increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional experience to their customers. Connected to thousands of carriers worldwide and having comprehensive coverage for all ELD and telematics devices on the market, project44 supports all transportation modes and shipping types, including Air, Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Groupage, Truckload, Rail, Intermodal, and Ocean. In 2021, project44 was named a Leader among Real-Time Transportation Visibility Providers in Gartner’s Magic Quadrant. About Convey Convey is the global leader in Delivery Experience Management (DEM) and powers exceptional customer delivery experiences for some of the world’s most recognizable brands in retail and logistics. The company’s DEM platform combines estimated delivery date in cart, real-time visibility in-transit, post-purchase communications, and AI-driven insights to create a solution capable of perfecting last mile delivery.

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SUPPLY CHAIN

Sixfold Introduces Data Sharing Initiative to Empower Carriers in the New Era of Supply Chain Openness

Sixfold | May 10, 2021

Sixfold, Europe's leading real-time transportation visibility platform has launched a data-sharing campaign aimed at a new era of openness, accessibility, and transparency in the supply chain and logistics sectors. The Open Visibility Data Exchange establishes a new data-sharing standard, allowing carriers and logistics service providers (LSPs) to take ownership of their real-time visibility data and optimize value for stakeholders in the supply chain. Accurate shipping ETAs have quickly become an industry norm in transportation logistics, and most carriers are now able to provide them automatically via visibility service providers. However, a lack of consistency has only served to suppress, if not entirely obstruct, the exchange of information between these competing providers. Sixfold's new Open Visibility Data API eliminates these barriers by allowing carriers and LSPs to quickly exchange visibility data with shippers or goods recipients – regardless of the Transport Management System (TMS) stakeholders use. The API provides allowed stakeholders with easy access to key visibility data via individual API keys, allowing access to be separated by each customer. This places the power back in the hands of carriers, allowing them full authority over providing real-time transport information and alerts to their shippers. As a consequence, visibility data can be freely shared between various transport networks without jeopardizing carriers' high-value data. Sixfold's intelligent geofencing algorithms guarantee that customers only have access to data relating to their ongoing shipments until access is granted. “We are confident that visibility data can be freely exchanged to increase the benefit for all supply chain participants. However, having data to flow horizontally between competing parties has historically been a problem for the industry,” said Sixfold executive director Jesper Bennike. “Our new API eliminates the barriers that have long hampered global supply chains, making it simple for carriers to exchange data outside of our platform.” The time has come for an open network structure that allows carriers to exchange shipping data with whoever they want, whenever they want, without intervention from their visibility partner.” "Fragmentation and data silos are significant challenges for every sector, but particularly one like ours, which relies so heavily on access to real-time insights when it comes to temperature-controlled transports," said Stefan Goedde, at STI Freight Management. “We have no doubt that making real-time data more accessible would have a significant effect on how carriers work. As a result, we applaud Sixfold's effort, which will continue to propel the industry forward at a moment when data visibility is more critical than ever, allowing us to go the extra mile in terms of quality.” About Sixfold Sixfold is Europe's leading real-time shipping visibility network, addressing supply chain visibility issues with the world's largest companies, shippers, and carriers. Their goal is to bring insight to previously untouched and untracked areas of the business-to-business supply chain, allowing companies to lower costs and make more informed decisions. Sixfold's AI-powered platform integrates with traffic management systems, truck telematics, and mapping data to forecast transportation delays, accelerate sustainability, and provide useful business intelligence.

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