Nexxiot | September 27, 2021
Nexxiot, the emerging TradeTech juggernaut transforming the cargo freight industry around the world through data and logistics digitization advancements, has announced it will acquire a majority interest in the Swedish technology firm MOST, a provider of real-time cargo monitoring services. The Swedish family office Resona, one of Scandinavia’s foremost technology investors, will become minority shareholder in the transaction.
Through its acquisition of MOST, Nexxiot will significantly consolidate its position as the foremost TradeTech innovator in the cargo IoT space. Nexxiot operates in more than 160 countries and is a leading provider of AI powered data solutions for a fast-growing roster of supply chain companies.
Nexxiot CEO Stefan Kalmund, remarked of the transaction: “Bringing MOST’s capabilities into our technology portfolio will have tremendous benefits for Nexxiot’s global customers, affording them unprecedented insights and information about their cargo that will certainly lead to positive outcomes in business planning, decision making and cost savings on a large scale. While we are excited about the immediate impacts of this partnership, we are equally thrilled at the long term implications this deal will have for Nexxiot as one of the world’s dominant players in TradeTech and developers of the supply chain solutions for tomorrow.”
Sam Giertz, co-principal of Resona and Chairman of the Board of MOST, said: "One of our core philosophies is to identify business models with the potential to transform industries and disrupt markets through the innovative application of data and technology. We view MOST and Nexxiot as an alliance of truly complementary companies that promise to deliver the new standard in big data solutions across cargo shipping sectors. Through our investments, we are advancing TradeTech’s revolution across the supply chain with major sustainability implications for the future.”
Matilda Bouchet, MOST CEO said: “We could not be more delighted at this outcome and are confident that the strong set of people skills and financing will take MOST to the next level in bringing data-driven insights to our customers.”
Danish IoT market leader GlobeTracker will divest its shares of MOST in the transaction.
GlobeTracker CEO Olavur Ellefsen stated: “GlobeTracker is dedicated to making the supply chain significantly smarter through advanced data and technologies, which is why we were a proponent behind MOST’s forward looking data solutions. We are gratified that our early investment helped MOST achieve leading status in the industry and will continue to work with companies like MOST and Nexxiot to advance TradeTech throughout the supply chain.”
The alliance will combine Nexxiot’s onboard solar powered cargo sensors and gateways, which track cargo movements and efficiencies through the company’s dedicated logistics cloud, together with MOST’s sensors that monitor the humidity, temperature, light and security of cargo inside of freight containers. Nexxiot will now be able to offer customers complete transparency and accountability as to the status and performance of their cargo shipments across the globe.
TradeTech supply chain advancements have taken on increasing importance as ports have become congested worldwide, delaying delivery of critical cargo and costing shippers and consumers billions of dollars through increased costs and prices.
Kalmund added: “Our enhanced capabilities distinguish Nexxiot’s solutions from anything else on the market because they transmit instant, real-times alerts about cargo status from inside a container as opposed to logging systems that can only send data once a container arrives at its destination. Beyond the benefits to our customers, these advancements will have far reaching implications pertaining to ‘Know-Your-Cargo’ standards, enhanced safety measures through fire and accident prevention and helping shippers combat illicit trafficking.”
GlobeTracker is a privately held Danish company revolutionizing global supply chain visibility. GlobeTracker specializes in cold supply chain tracking, monitoring and cutting-edge sensor technology providing true end-to-end supply chain visibility and management. Globe Tracker has offices in the Faroe Islands, Netherlands, Germany, USA, Singapore, Iceland, and Canada.
Resona is a Swedish family office focused on investment in technology and real estate. With a deep passion for early-stage investment in technology which promise to improves our world tomorrow, we are also deeply committed to true entrepreneurship. Our investments into real-estate is equally passion driven, with a better tomorrow through innovation and pioneering green technology square in our focus.
Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.
PROCUREMENT AND SOURCING
Nulogy | September 24, 2021
Nulogy, a leading provider of agile supply chain solutions, today announced the free trial release of its standalone Production Scheduling Solution for all contract manufacturers and co-packers in the supply chain industry.
The Nulogy Production Scheduling Solution is an intuitive, real-time visualization tool that enables contract manufacturers and co-packers to quickly assess and optimize their production schedules based on various constraining factors, such as order promise date, planned downtimes, changeovers, labor availability, material availability, run rates by product and equipment, and more. The solution is purpose-built for the complexities involved in contract packaging and manufacturing operations, as well as the multiple factors required to manage and adjust a contract supplier's production schedule.
The standalone release of the Production Scheduling Solution offers any contract supplier a free, 60-day test run of the cutting-edge capabilities that the Nulogy platform provides. Launched earlier in 2021, the Production Scheduling Solution was previously available only to contract supplier businesses using the Nulogy platform, but is now open to the general market.
"As the consumer packaged goods industry continues to rapidly evolve, it is critical that contract suppliers today have the modern tools needed to thrive as well as deliver superior service," said Jason Tham, CEO, Nulogy.
"By launching our free trial of the Nulogy Production Scheduling Solution, we are offering both contract manufacturers and co-packers a glimpse into how purpose-built, data-driven digital tools can make their businesses more agile and efficient, while enabling them to better serve brand manufacturer customers."
By replacing spreadsheet-based scheduling workflows, customers using the Nulogy Production Scheduling Solution have observed operational gains such as:
More than 100% improvement in scheduling efficiency
More than 20% On-Time In-Full improvement
More than 20% profitability improvement through labor cost reduction
Nulogy, a leading supplier of agile supply chain solutions, allows consumer brands to respond with ease and speed to a volatile retail and consumer environment while reducing waste and costs. Designed to optimize contract manufacturing and co-packing operations and enhance supply chain collaboration, Nulogy's cloud-based software platform allows consumer brands and their external suppliers to unleash innovation in the consumer products value chain and accelerate brand growth.
PLS Logistics Services | September 23, 2021
PLS Logistics Services, a leading, technology-driven, third-party logistics company has acquired D&L Transport, a transportation brokerage headquartered in Overland Park, Kansas.
D&L Transport will continue to operate under its authority and remain an independent subsidiary of PLS, leveraging PLS's advanced technology and national carrier network while maintaining its independent operations. Brian DeFrain, a 10-year veteran of D&L Transport, will remain in the role of President of D&L. All existing management and employees will remain with the organization following the acquisition.
Greg Burns, Chief Executive Officer of PLS Logistics, said, "D&L Transport through its national agent network has developed a broad range of services, with particular strength in the dry van, flatbed and refrigerated modes, and an outstanding reputation for customer service."
Brian DeFrain, President of D&L Transport, remarked, "We are excited to partner with PLS Logistics and get immediate access to its broad service offering and industry-leading technology, while maintaining our independent operations."
Founded in 2004, D&L Transport is a non-asset provider of Truckload solutions in North America. D&L Transport brings a strong management team and talented sales agents to PLS, as well as a robust network of shippers and carriers.
Effective with this transaction, PLS will have an annual revenue run rate of $950mm and expects annual revenue of approximately $1.2 billion in 2022.
About PLS Logistics Services
PLS Logistics Services is a leading provider of logistics management, brokerage and technology services for shippers across all industries. PLS handles over a million loads annually across all major freight modes: flatbed, van, LTL, rail and barge, air and ocean. The PLS carrier network consists of over 65,000 pre-qualified trucking companies along with Class-1 railroads and major barge companies.
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.
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.
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.