DHS targets warehouses to combat counterfeits

DHS | January 27, 2020

Domestic fulfillment centers and online third-party marketplaces have emerged as key distribution points for counterfeit or illicit goods entering the U.S., according to a report proposing targeted regulatory changes released by the Department of Homeland Security Friday. DHS will pursue new regulations enabling Customs and Border Protection (CBP) to, "treat domestic warehouses and fulfillment centers as the ultimate consignee for any good that has not been sold to a specific consumer at the time of its importation." Facilities owners would be responsible for proactively notifying CBP, complying with CBP orders and destroying such goods, if found. Noncompliance could trigger legal action. The report also recommends establishing private sector best practices, sharing resources, third-party seller identification standards and requiring country of origin labels for products sold online (currently only mandated for items sold in physical stores) to improve detection of counterfeit items before they're sold.

Spotlight

DHL, the world’s leading logistics company, has successfully carried out a pilot project testing smart glasses in a warehouse in the Netherlands as a first step in their Augmented Reality journey. In cooperation with DHL customer Ricoh and leading wearable computing solutions expert Ubimax, the technology was used to implement ‘vision picking’ in warehousing operations. For more information on the application of

Spotlight

DHL, the world’s leading logistics company, has successfully carried out a pilot project testing smart glasses in a warehouse in the Netherlands as a first step in their Augmented Reality journey. In cooperation with DHL customer Ricoh and leading wearable computing solutions expert Ubimax, the technology was used to implement ‘vision picking’ in warehousing operations. For more information on the application of

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Nulogy Announces Partnership with Majik Systems to Bolster Supply Chain Operations

Nulogy | November 20, 2020

Nulogy, a main supplier of light-footed supply chain solutions, declares an association with MAJiK Systems for an answer that will empower contract makers and agreement packagers to computerize cycles and influence machine information on their plant floor. The organization likewise expects to change Industry 4.0 ideas into genuine applications to increment operational effectiveness and business strength. Through the partnership, MAJiK Systems' Visual Factory will integrate with Nulogy's Operational Solution to join the continuous perspective on creation activities offered by Nulogy, with the ongoing machine information assortment and examination gave by MAJiK. Utilizing the consolidated arrangement, a manufacturing or packaging facility gains a comprehensive, to-the-minute performance overview—offering clear data visualization, productivity improvement, and streamlined operations.

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Reload: AI-enabled Supply Chain management introduced by Vorto

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%.

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SUPPLY CHAIN

E2open Completes Acquisition of BluJay Solutions and Raises Fiscal Year 2022 Guidance

E2open | September 02, 2021

E2open Parent Holdings, Inc., a leading network-based provider of cloud-based, mission-critical, end-to-end supply chain management platform, today announced it has completed its acquisition of BluJay Solutions, a leading cloud-based, logistics execution platform. “The acquisition of BluJay is a continuation of our strategy to offer the broadest and most data-rich SaaS supply chain platform,” said Michael Farlekas, chief executive officer at E2open. “The largest and most iconic global brands are re-imagining their supply chains to be more agile, more resilient, and reduce their environmental impact. E2open now offers more extensive capabilities, timely data, and continued innovation to help them accomplish their strategic objectives. We are excited to share our combined capabilities with our customers and welcome BluJay’s talented team to E2open.” “We’re delighted to embark upon this strategic opportunity together, at a time when customers need the powerful combination of supply chain data, networks, and applications from planning through execution more than ever,” said Andrew Kirkwood, chief executive officer at BluJay Solutions. “E2open is uniquely positioned to increase global reach and broaden its offerings for customers, who will benefit from this commanding platform for the future.” Compelling strategic benefits to accelerate future organic growth Creates leading, independent SaaS-based supply chain platform spanning supply chain planning and execution: The acquisition of BluJay materially expands E2open’s supply chain execution capabilities and expands E2open’s network participants by nearly 25 percent, most specifically in transportation and logistics. Additionally, BluJay brings a highly complementary global trade management platform that encompasses customs declaration and filing to E2open’s strong capabilities in compliance and tariffs. The acquisition further adds key direct-to-consumer offerings including last mile, parcel and dropship commerce. Increases global reach and TAM: BluJay’s global footprint, with customers and offices across EMEA and APAC, will strengthen E2open’s global reach and ability to penetrate emerging markets with international leadership based in the UK. E2open’s primarily enterprise customer base will be bolstered by BluJay’s strong presence in the upper mid-market, adding more than $9 billion to an already significant TAM opportunity in North America and Europe. Complementary go-to-market strengths: BluJay’s go-to-market strategy emphasizes new client acquisition. E2open’s go-to-market strategy has historically focused on cross-selling to existing customers. The combination leverages each company’s respective strengths to broaden the pool of cross-sell opportunities and significantly accelerates E2open’s strategic new logo growth initiative. Moreover, BluJay’s Transportation Management System solution provides E2open with another significant tip of the spear product to accelerate new logo growth for the combined company. Enhances E2open’s leading supply chain networks: E2open operates a leading trade network with over 220k network participants. BluJay brings 50k network participants that include service providers across all modes of transportation and customs authorities across multiple countries with an estimated $40 billion in annual commerce spend and 1.9 billion annual transactions. Broadens E2open’s data and analytics offerings: E2open’s network and data will be expanded by BluJay’s 50k network participants, expanding access, data sources, and insights for customers across freight and visibility for better business decision-making. This will substantially increase the monetization opportunity that E2open already has today for its data. Financial Outlook for Fiscal Year 2022 E2open is increasing its full year, non-GAAP revenue guidance for the fiscal year 2022 on a stand-alone basis to $373 million to $375 million, compared with previous guidance of $369 million to $371 million. This reflects an E2open stand-alone organic growth rate of 11 percent over the prior fiscal year. Due to the strong performance of E2open and BluJay Solutions, on a pro forma basis, E2open is increasing the combined company’s fiscal year 2022 non-GAAP revenue by $12 million to $570 million as compared to the previous guidance of $558 million. $570 million of full year pro forma non-GAAP revenue guidance equates to $472 million of non-GAAP revenue as adjusted for the closing date of September 1, 2021. The previous combined company’s non-GAAP revenue guidance adjusted for the September 1, 2021 closing date was $466 million. Other Highlights E2open expects mid-teens free cash flow per share accretion on a pro forma basis over the next 12 months. The combination is expected to generate $20 million of run-rate cost savings, reflecting 5% of combined company costs. Accelerates organic revenue growth and higher net retention due to strength of combined solutions on one platform and significant cross-sell opportunities. As a result of the transaction, Francisco Partners and Temasek have become significant shareholders and each entity will appoint a new member to the existing E2open board of directors. Transaction Details E2open acquired BluJay Solutions for an aggregate of 72.4 million shares of Class A Common Stock (representing approximately a 60% rollover of the seller’s pre-closing equity) and approximately $770 million in cash consideration including the repayment of BluJay’s debt facility. To finance the transaction, E2open secured $300 million in a common equity PIPE from institutional investors, representing an additional 28.9 million shares of Class A Common Stock. An additional $380 million in indebtedness was drawn through an expansion of the Company’s term loan which also provided a portion of the cash consideration. Advisors Credit Suisse is serving as lead financial advisor to E2open, and sole equity capital markets advisor and placement agent to E2open. Rothschild & Co is serving as financial advisor and delivering a fairness opinion to E2open and its Board of Directors. Berenson & Company is serving as financial advisor to E2open and Kirkland & Ellis LLP is serving as legal advisor to E2open. Goldman Sachs is serving as exclusive financial advisor to BluJay, Lazard is serving as capital markets advisor to BluJay, and Latham & Watkins LLP is serving as legal advisor to BluJay. About E2open At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply and logistics ecosystems.

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