EU starts to chart shipping’s new green course

EURACTIV | January 12, 2020

EU starts to chart shipping’s new green course
The shipping industry will soon have to pay for its environmental impact in the EU, as both the European Commission and Parliament are moving forward with plans to include vessels in the bloc’s flagship carbon market. But there are choppy waters ahead. International shipping is responsible for roughly 3% of global greenhouse gas emissions. Its contributions are increasing, as global trade continues largely unabated, but its supposed free-ride has not gone unnoticed. It is why bringing the maritime sector to heel was one of the most tangible ideas proposed by the Commission’s Green Deal in December, under which shipping is set to be included in the EU Emissions Trading System (ETS). Most forms of transport, with the notable exception of intra-EU flights, are exempted from the carbon market. Heavy industrial facilities and power plants are issued a certain number of free permits and then have to buy more or clean up their act if emissions continue.

Spotlight

Over the past few decades Fast Moving Consumer Goods (FMCG) companies have been forced to react to a multitude of changing market dynamics. The mergers and acquisitions era created strong competitors and rapid growth for many companies, but resulted in complex and costly logistics infrastructures. And, the growth in big box retailing and e-commerce placed increased attention on the consumer shopping experience, creating a shift in the balance of power from the manufacturer to the retailer

Spotlight

Over the past few decades Fast Moving Consumer Goods (FMCG) companies have been forced to react to a multitude of changing market dynamics. The mergers and acquisitions era created strong competitors and rapid growth for many companies, but resulted in complex and costly logistics infrastructures. And, the growth in big box retailing and e-commerce placed increased attention on the consumer shopping experience, creating a shift in the balance of power from the manufacturer to the retailer

Related News

IT and Technology Solutions Support to Production and Logistics

Ford | June 30, 2020

Ford is digitalising key aspects of its global logistics and supply chain management, including the recent insourcing of its fourth party logistics (4PL) logistics management in Asia Pacific, Africa and South America.Talking about the company’s transformative journey towards end-to-end digitisation and automation in the recent Livestream Hour: Driving innovation in production and logistics, Amlan Bose, vice-president of the Centre of Excellence, Asia Pacific, MEA, South America, Ford, said: “We should be able to run the supply chain and logistics untouched by human hands, that’s our idea of an autonomous supply chain in the future.

Read More

SOFTWARE AND TECHNOLOGY

Scanco and CoreChain Announce Integrated B2B Payments and Supply Chain Finance Solution

Scanco | October 05, 2021

Scanco Software, the leader in warehouse, manufacturing and supply-chain management solutions for Sage, and CoreChain Technologies, the digital B2B payments network built on blockchain, today announce that they are partnering to co-develop an integration of the CoreChain payments network with Scanco’s software products. The co-developed solutions, including an enhanced version of Scanco Purchase Agent, will enable Scanco customers to streamline their B2B payments process and unlock new supply chain financing opportunities. Leveraging enterprise blockchain technology to power digital B2B payments, users can streamline the manual processes and painful reconciliation that can slow warehouse and manufacturing business, while also mitigating fraud. Additionally, Scanco customers can use the integrated technology to finance the working capital being held in unpaid invoices that age towards settlement due dates, frequently 30 to 120 days in arrears. “The very nature of today’s warehousing and manufacturing business has changed, becoming much more virtual and integrated from end-to-end,” said Andrew Nunez, CEO of Scanco. “Scanco Purchase Agent will empower our customers to tightly align procurement with payments and financing functions, enabling the entire enterprise to work more efficiently and securely.” Since its launch in September 2020, CoreChain has processed over $500 million in B2B payments for enterprise buyers, including channel customer transactions. Available as a white label platform, CoreChain allows any ERP or Business Process Automation software company, or even banks and other payment networks, to offer a digital B2B payments solution to its enterprise clients. “The CoreChain network is platform agnostic, which allows us to engage the entire supply-chain ecosystem, and ultimately, better serve our customers,” Nunez said. “While we are still focused on the Sage platform, our solutions cannot be confined by the boundaries of a single ERP. Our customers work within ecosystems, not applications. The CoreChain partnership is strategically important to our continued focus on expanding our business. ” “Automating the payment process with blockchain technology will not only help Scanco customers function more efficiently and securely, but it will also equip them for the future shifts in enterprise payments,” said Chris Aguas, Founder and CEO of CoreChain. “Innovation in the enterprise payments and finance space is moving at a break-neck pace and warehousing and manufacturing businesses will need to adapt. Scanco clients are going to be well ahead of the curve and ready for any sea changes that may occur.” “Both CoreChain and Scanco share a deep focus on building an exceptional user experience that also delivers more security and cost savings for our customers,” said Tom Romary, Co-Founder and Chief Commercial Officer for CoreChain. “The integration of digital payments with working capital solutions, available through an industry-leading software solution in Scanco, is a welcome innovation in the manufacturing and warehouse industry.” General availability of the enhanced Scanco Purchase Agent product is expected in early 2022. About Scanco Since 1989, Scanco has been at the forefront of developing mobile warehouse and manufacturing automation solutions. Since its inception, Scanco has focused on innovative warehouse management solutions with a unique technology-driven approach. Scanco’s solutions deliver unequaled efficiency and visibility for distribution and manufacturing companies around the globe. About CoreChain Launched in September 2020 and led by proven FinTech and blockchain entrepreneurs, CoreChain is the first digital B2B payments network built on blockchain, and is building a network of networks, which enables businesses to pay other businesses securely, quickly, and efficiently compared to legacy methods, while unlocking lending opportunities for suppliers to finance working capital tied up in approved, but unpaid invoices. CoreChain uses enterprise blockchain technology to automate the exchange of transaction data and funds within a secure environment, using a trust network-of-networks, empowering B2B Marketplaces and B2B Software Platforms with $5 to $50 billion per year in existing commerce volume to offer payments and financing services to their buyers and suppliers via our API-centric, white-label platform. The company has raised $1.25 million in pre-seed funding from investors that include Ulu Ventures, Connecticut Innovations, Bloccelerate VC and New Form Capital.

Read More

Technology Innovations Transforming the Supply Chain

Supply Chain Digital | August 17, 2020

Sectors such as supply chain, manufacturing, logistics and transportation are currently facing an extreme shift in the adoption of new technologies. Not only has the current pandemic been a catalyst in adoption, technology is currently in the midst of its biggest transformation yet. New technology innovations have enabled us to automate processes, manage the supply chain and track data using blockchain.3D printing has been around for over 20 years but has only recently been adopted by large-scale markets. This technology allows for companies to create specific devices or products in-house using specialised materials while minimising cost. This means independence for the supply chain and manufacturing industries as well as reducing delivery times and eliminating the need to store a large number of products in a warehouse.

Read More