Fidelity Joins $1.9 Million Round in Blockchain Data Startup Coin Metrics

CoinDesk | February 27, 2019

Fidelity Joins $1.9 Million Round in Blockchain Data Startup Coin Metrics
Blockchain analytics startup Coin Metrics has closed a $1.9 million seed round with Fidelity Investments, Highland Capital Partners and Dragonfly Capital.Announced today, the startup also released its first suite of commercial products for institutions seeking customized research reports.Coin Metrics co-founder and board chairman Nic Carter told CoinDesk that institutional investors aren’t satisfied with the current crop of price aggregation services that don’t distinguish the integrity of different data sets.

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61m letters and 3.9m parcels each workday in Germany: 28,000 points of sale, 2,750 Packstations, 33 parcel and 82 mail sorting centers. Parcel delivery in selected international markets Global Time-Definite International (TDI) leader with 34% market share, serving >2.5m customers in >220 countries and territories 3.8m tons run through virtual airline network

Spotlight

61m letters and 3.9m parcels each workday in Germany: 28,000 points of sale, 2,750 Packstations, 33 parcel and 82 mail sorting centers. Parcel delivery in selected international markets Global Time-Definite International (TDI) leader with 34% market share, serving >2.5m customers in >220 countries and territories 3.8m tons run through virtual airline network

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LOGISTICS

AIT Worldwide Logistics acquires Austin-based Intelligent Logistics

AIT Worldwide Logistics | August 04, 2021

Supply chain solutions leader AIT Worldwide Logistics today announced the acquisition of Austin, Texas-based Intelligent Logistics, a firm with expertise in freight forwarding, cartage, warehousing, and truckload brokerage. In business since 2002, Intelligent Logistics also manages the Spur Freight brand and serves a broad range of specialized sectors, including technology, food and beverage, automotive, manufacturing and e-Commerce reverse logistics, handling nearly 40,000 shipments annually. They have appeared on Texas Monthly magazine's "Best Companies to Work for in Texas" list for the past three years. The acquisition augments AIT's growing list of global facilities and resources with 70 teammates as well as 143,000 square feet of warehouse space and 40 dock doors across Intelligent Logistics' two facilities in Austin and San Antonio. "The experts at Intelligent Logistics treat all freight as time-definite, with a focus on proactive communication that aligns well with AIT's core value of earning our customers' trust," noted AIT's Chief Information Officer, Ray Fennelly. "With that solid foundation, it's been great getting to know our new teammates, and I'm thrilled to welcome them on board." Intelligent Logistics' leader, Tim Miller, agreed that the companies' cultures are a tight match and said his team is excited to leverage AIT's global reach and technology to provide even greater value as they help their customers succeed. "Since we [Intelligent Logistics] started almost 20 years ago, we've aimed to make cargo transportation simple and reliable so our clients can focus on growing their own businesses," Miller said. "So, we're really happy to join forces with an organization like AIT, because they're not just a global industry leader, but also a company that shares our dedication to clients." "With strategic acquisitions like Intelligent Logistics, AIT continues to implement our plans for global growth, adding valuable expertise and facilities to our expanding worldwide network," said AIT Executive Vice President, Global Operations, Greg Weigel. "I'm happy to welcome our newest transportation logistics professionals to the team and looking forward to all we'll accomplish together." The Intelligent Logistics deal is the latest in a series of acquisitions by AIT including Multimodal International, Ltd. earlier this year, Panther Logistics and Fiege Forwarding in 2020, Los Angeles-based freight forwarder Unitrans International Corporation in 2019, and food logistics experts WorldFresh Express and U.K.-based ConneXion World Cargo in 2018. About AIT Worldwide Logistics AIT Worldwide Logistics helps companies grow by expanding access to markets all over the world where they can sell and procure their raw materials, components, and finished goods. For more than 40 years, the Chicago-based transportation management leader has relied on a consultative approach to build a global network and trusted partnerships in nearly every industry, including aerospace, e-commerce, food, government, healthcare, life sciences and retail. Backed by scalable, user-friendly technology, AIT's flexible business model delivers precisely tailored supply chain solutions for sea, air and ground freight - on time and on budget. With expert teammates at more than 85 worldwide locations in Asia, Europe, and North America, AIT's full-service options also include customs clearance, warehouse management and white glove services.

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PwC to Leverage Automation for Supply Chain Agility Post-Pandemic

PwC | May 13, 2020

CFOs are increasingly focused on the benefits of automation within supply chain functions as they exit the initial shock period of the coronavirus pandemic. Thirty-four percent of financial leaders surveyed plan to leverage automation to improve the speed and accuracy of decision-making within their supply chains. PwC expects to see a focus on automating data collection and analysis regarding supply chain effectiveness. CFOs are increasingly focused on the benefits of automation within supply chain functions as they exit the initial shock period of the coronavirus pandemic, according to a survey of 288 U.S.-based CFOs and financial leaders conducted by PwC during the week of May 4 and released Monday. Thirty-four percent of financial leaders surveyed plan to leverage automation to improve the speed and accuracy of decision-making within their supply chains. — up from 26% two weeks ago in the prior edition of PwC's biweekly survey. "Companies lost response time during the crisis, and they did not get all the data they needed to make informed decisions around, for example, spending, taking pricing actions to move excess stock or identifying opportunities to shift their mix of offerings," reads the report. Read more: PwC: Supply chains unlikely to relocate post-coronavirus Automation is on the minds of executives across sectors as they look for ways to diminish disruption from future crises or even subsequent waves of COVID-19, PwC U.S. Chairman and Senior Partner Tim Ryan said on a call with media.Thirty-seven percent of CFOs are planning to accelerate automation across functions. The initial shock of the virus and its effect on the business community is over. And we're seeing a real shift among executives around focusing on what they can control. - Ryan But in the supply chain, CFOs plan to apply automation to improve agility — a quality 72% of CFOs said their organizations expect to develop as a result of the pandemic. PwC expects to see a focus on automating data collection and analysis regarding supply chain effectiveness, Amity Millhiser, PwC vice chair and chief clients officer said on the call. Despite the possible influx of automation in response to the coronavirus, PwC also predicts supply chain management skills will be more in demand. Read more: PwC: Supply chains will up supplier scrutiny after coronavirus Using supply chain performance as an indicator of resiliency, and not merely cost management, combined with a new awareness of the value of supply chain management talent could shift training priorities, according to PwC. Likewise, a recently released report from McKinsey found the pandemic will lead to a dedicated risk management function within many supply chains. "Working alongside the manufacturing, procurement, and supply-chain functions, these units assess vulnerabilities across supply nodes and apply robust risk-mitigation frameworks to address those vulnerabilities," according to McKinsey analysts. Digitization will help organizations create this new function without incurring prohibitive costs, the analysts wrote.

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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.

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