PR Newswire | October 16, 2023
Introducing KYX (combining Know Your Client with Know Your Cargo) by Deloitte, powered by Nexxiot. Deloitte, known for its comprehensive range of services, including audit, consulting, financial advisory, risk management, tax, and legal services, is joining forces with Nexxiot, known for its expertise in digitalizing supply chain assets, such as shipping containers and railcars. Nexxiot's network of sensors and artificial intelligence capabilities offer valuable insights into supply chain inefficiencies, reducing uncertainty and operational costs. Deloitte will play a crucial role as the integration partner responsible for delivering these digital transformations.
This strategic partnership will provide a robust, scalable infrastructure rooted in a strong commitment to regulatory excellence and trust. It leverages Deloitte's established KYC (Know Your Client) services and implementation capabilities with Nexxiot's cutting-edge asset intelligence technology and trusted CINFONI (Client Information Network Intelligence) platform. CINFONI has regulatory approval for generating, implementing, recycling, and exchanging 'Golden Records' within the Banking, Financial Services, and Insurance (BFSI) sectors.
Nexxiot CEO, Stefan Kalmund, said, "The strategic partnership with Deloitte and Nexxiot represents a significant step forward for supply chain participants. It will accelerate the adoption of fleet-wide technologies, fostering visibility, transparency, and operational excellence."
Deloitte's James Yearsley, Lead Partner for the Transportation, Hospitality and Services Sector for NSE (North & South Europe), added, "Through this partnership, we aim to set a new global standard for KYX services, benefitting all stakeholders in the logistics sector, including trade finance, banking, and insurance. Deloitte and Nexxiot offer new services based on real-time data, covering all aspects of KYX from door-to-door, internationally."
Deloitte and Nexxiot are committed to enhancing global trade compliance and operational efficiency through this partnership. It offers the logistics industry a means to embrace a future marked by improved efficiency, resilience, and integrity, all made possible by this strategic collaboration.
About Deloitte Managed Services
Deloitte Managed Services is a leading European RegTech Provider of end-to-end managed services for KYC and AML. We combine our extensive expertise with advanced technology, high-quality data and unique mapping intelligence into easy-to-use solutions, no matter which industry or jurisdiction you operate in. We support our customers in the search for new opportunities with clients and third parties. Our solutions protect you and your business against reputational risk and crime.
About Deloitte Consulting AG
This press release has been written in general terms and we recommend that you obtain professional advice before acting or refraining from action on any of the contents of this publication. Deloitte Consulting AG accepts no liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication.
Deloitte Consulting AG is an affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"). Dttl and each of its member firms are legally separate and independent entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see www.deloitte.com/ch/about to learn more about our global network of member firms.
Nexxiot's mission is to remove uncertainty in the global supply chain, empowering clients to achieve their growth and sustainability goals.
Nexxiot provides real-time Asset Intelligence for railcars and shipping containers through its highly reliable hardware, software, and analytics. The technology automatically detects location, shocks, movements, modalities, border crossings, and more. These capabilities enable users to monitor the condition of an asset, automate business processes, and provide new services to stakeholders.
Nexxiot has one of the largest device fleets installed globally, with more than one million assets equipped for clients, including Hapag-Lloyd, Knorr-Bremse, VTG, Ermewa, Deutsche Bahn, SBB, and North American railroads.
Headquartered in Zurich, Switzerland, Nexxiot has more than 150 engineers and industry experts, serving clients from its offices in Germany, Sweden, and North America.
Ryder System, Inc | September 27, 2023
Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions, announces it is named among the Top 10 3PLs in the 2023 Readers’ Choice Excellence Awards by Inbound Logistics for the second consecutive year. Considering nearly 12,500 votes cast by supply chain decision-makers from some of the world’s best-known brands, the Inbound Logistics audience shortlists the top ten 3PLs they trust most to solve supply chain challenges.
“World-class 3PLs offer innovative and efficient ways to wring every ounce of productivity from enterprise operations,” says Felecia Stratton, editor of Inbound Logistics. “We’re pleased to recognize Ryder for making the investment in the solutions and expertise that empowered logistics, supply chain, and transportation excellence for customers in 2023.”
To fully optimize supply chain and transportation networks, Ryder continues to build on $1.3 billion in strategic investments it has made over the past five years to develop, acquire, and invest in innovative customer-facing technologies, products, and services.
In August, the company announced the establishment of Baton, A Ryder Technology Lab based out of Silicon Valley. Led by some of the brightest minds from the world’s most respected tech firms and learning institutions, the lab’s first mission is to create a first-of-its-kind, AI-powered digital platform and optimization engine that facilitates a new, integrated approach to managing transportation networks for customers where seasonality and fluctuating demand inhibit the continuous use of resources.
In July, Ryder rolled out Torque by Ryder™, a first-of-its-kind retail mobile maintenance service that fleet owners can access via desktop, smartphone, or tablet to schedule, receive, track, and pay for mobile maintenance solutions at their place of business – all without a contract.
And, in May, Ryder announced RyderElectric+™, a turnkey solution to help customers navigate the electric vehicle landscape, inclusive of developing a transition roadmap with electrification advisors, vehicles, charging, telematics, and maintenance. In addition, Ryder announced plans to introduce up to 4,000 BrightDrop electric vans to its lease and rental fleet through 2025.
“By strategically investing in and piloting new technologies, Ryder is uniquely positioned to ensure our customers have access to the innovations that will keep their supply chain and transportation networks ahead of the curve in an ever-evolving environment – and, just as importantly, access to implementation expertise as well as data scientists to turn analytics into actionable insights,” says Karen Jones, chief marketing officer and head of new product innovation for Ryder. “We strive each and every day to ensure our customers can deliver on their promises to their customers, so to be recognized for that in such a prestigious way is priceless.”
As a fully integrated port-to-door transportation and supply chain logistics provider, Ryder provides supply chain, dedicated transportation, and fleet management solutions to some of the world’s most recognizable brands representing more than 20 industries. By combining cutting-edge technology and business intelligence tools with nearly 90 years of operational know-how, Ryder custom-engineers solutions around its customers’ operations rather than trying to fit them into a one-size-fits-all formula.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmental stewardship, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce.
About Inbound Logistics
Inbound Logistics, the demand-driven logistics magazine, is the leading multi-channel content provider targeted toward business logistics and supply chain managers. Inbound Logistics’ mission is to provide the information and solutions enabling companies of all sizes to become demand-driven enterprises by speeding and reducing inventory and supporting infrastructure, and better matching demand signals to supply.
Logistics, Supply Chain
SpartanNash | September 13, 2023
SpartanNash expands partnership with Upshop's Magic AI Tool to optimize inventory and reduce waste
Advanced analytics enhance inventory accuracy and guest satisfaction in SpartanNash Stores
SpartanNash demonstrates commitment to technology for improved customer experience and cost savings
SpartanNash, a leading food solutions company, has announced an expanded partnership with Upshop's Magic inventory and replenishment optimization application. This collaboration aims to streamline ordering systems, maintain planogram integrity, and assist with merchandising reset planning in both center store and produce departments. The Magic tool leverages advanced analytics to predict product demand, reducing the time store associates spend on inventory checks and improving the overall shopping experience for guests.
SpartanNash's Executive Vice President, Corporate Retail, Tom Swanson, emphasized,
At SpartanNash, we're prioritizing technology to enhance our Associate and store guest experience. By leveraging advanced analytics to predict product demand, our Associates can spend less time checking inventory and more time face-to-face helping serve our shoppers.
[Source: PR News Wire]
Upshop CEO Shamus Hines expressed enthusiasm for the partnership, stating,
As a leader in forecast and ordering solutions, Upshop is excited to partner with innovative grocery retailers such as SpartanNash to offer the tools they need to optimize their inventory to meet total store demand.
[Source: PR News Wire]
This move reflects SpartanNash's ongoing investment in technology to drive merchandising and supply chain transformations, ultimately leading to a better customer experience and cost savings. The company recently announced plans to deploy autonomous inventory robots for real-time data intelligence.
SpartanNash's Executive Vice President and Chief Strategy and Information Officer, Masiar Tayebi, highlighted how AI technology enhances operational excellence, contributing to financial benefits from merchandising and supply chain transformations.
While the benefits are clear, potential drawbacks of AI inventory optimization include substantial investment impacting short-term financial performance, possible job displacement due to AI reliance, and the risk of inaccurate future demand predictions due to reliance on historical data.
SpartanNash's partnership with Upshop's Magic AI tool optimizes inventory, reduces waste, and enhances the shopping experience by predicting product demand and streamlining ordering systems which benefits the entire supply chain ecosystem.