PROCUREMENT AND SOURCING,FREIGHT
Convoy, J.B. Hunt Transport, Inc., and Uber Freight | December 07, 2022
Convoy, J.B. Hunt Transport, Inc., and Uber Freight announced the formation of the Scheduling Standards Consortium (SSC) which aims to solve transportation scheduling challenges by establishing the freight industry's first formal set of appointment scheduling application programming interface (API) standards. Complex, pervasive, industry-wide challenges such as this require collaborative, industry-wide solutions; the makeup of the SSC's founding members underscores the need to standardize how information is exchanged around scheduling shipments.Today, scheduling system and interface fragmentation is a point of friction amongst carriers, brokers, and shippers. As the industry turns increasingly to an integrated network of providers and solutions to manage the end-to-end lifecycle of each shipment, it has become increasingly important to define and share a consistent data architecture and API standard for the distribution of scheduling information.
The SSC's objectives are to define an API standard for sharing scheduling information, implement those standardized interfaces to enable integrations in existing systems, and advocate for the standard across the industry. The standard will bring more cohesion and resiliency to the movement of goods, making it easier to book and manage appointments, optimize processes for drivers, shippers and receivers, and drive operational efficiencies for the industry at large.
Adoption is critical for the effort to succeed. The SSC aims to sign on other brokers or third-party logistics service providers, transportation management system and warehouse management system vendors, and others to help shape the future of supply chain efficiency. Initial SSC standards and documentation, starting with full truckload freight, will be available as early as Q1 2023.
On the formation of the SSC, executives for the founding members said:
One of the most complicated and consequential things about being efficient in freight is setting up pickup and drop-off appointments. Every year the industry sets approximately 1.5 billion appointments, and scheduling inefficiencies slow everything down and create a lot of waste. Freight runs 24/7, and, for most situations, every hour counts," says Dan Lewis, Convoy's CEO and co-founder. "Scheduling is a tech problem at the end of the day. When all the trucks are plugged into a digital network, the industry can better orchestrate freight needs with data-informed systems. A Standard API-based approach allows companies to access the latest data and make smart decisions to increase efficiency, reduce empty miles and waste, lower costs, and improve service outcomes. This is the future of freight.
"Technology has ushered in a new era for transportation – new players, new apps, new platforms, new services. Yet, our industry remains extremely fragmented, We want to change that, starting today with the three of us and hopefully many more providers in the coming months. We want to create an open exchange of data so that the numerous TMS and digital freight platforms can communicate at a level where we can help one another when needed. The voice of our customers is clear - collaboration will drive progress. Our challenge is to make the systems they use daily work together to generate greater value and efficiency for their supply chains."
-Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt.
Logistics is rapidly evolving to be more real-time and intelligent at every point of execution. The implementation of APIs to simplify the execution of manual tasks like scheduling is revolutionizing how shippers and carriers plan, manage, and execute shipments," said Bill Driegert, co-founder and head of operations at Uber Freight. "We are at a critical inflection point of adoption, and if we don't align on standards, we will create more work for everyone in the coming years. Everyone wins if we can align on common ways of interfacing. In doing so, we minimize operation friction and fragmentation and unlock a more fluid and optimized market for shippers and carriers to move goods.
Convoy is the nation's leading digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, P&G, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets. For more, visit: convoy.com.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
About Uber Freight
Uber Freight is a logistics platform and partner that is reshaping global logistics for shippers and carriers of all sizes. Backed by a suite of logistics solutions and services grounded in innovative marketplace technology, Uber Freight transforms entrenched practices around pricing and booking freight and brings reliability, flexibility and transparency to the movement of goods. With over $17 billion FUM, Uber Freight has built one of the world's most comprehensive logistics networks consisting of over 130,000 digitally-enabled carriers and thousands of shippers, from small businesses to Fortune 500 companies, including AB Inbev, Nestle, LG, Land O'Lakes and many more. For more, visit www.uberfreight.com.
SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN
Overhaul | November 15, 2022
Overhaul, a software-based, supply-chain visibility, risk, compliance, and insurance solution for the world's leading brands, is one of the launch partners on a significant initiative for Microsoft, joining its newly announced Microsoft Supply Chain Center and Microsoft Supply Chain Platform to advance visibility, predictability and resilience for global, multimodal supply chains.
Shippers and manufacturers continue to search for solutions to lingering supply chain constraints. According to Forrester, 72% of companies are looking to leverage emerging technologies to develop strategies that enhance their supply chain and workforce. As a native experience within Microsoft Supply Chain Center, customers benefit from Overhaul's data to inform of real time supply chain risk scenarios and allow customers to better test those scenarios rapidly.
"Supply chains are becoming increasingly complex, and customers are demanding more actionable insights to help them understand and act on what is happening in real-time, They don't want long deployments or heavy integrations, they need solutions that return on investment in the short term with long term growth to adapt to the evolving needs of their business. Collaboration and interoperability are vital pieces of the supply chain, by delivering our solution with Microsoft, we will take supply chains from being able to sense and respond, to being capable of anticipating and acting, helping shippers deliver truly innovative supply chains in far less time and with greater precision."
-Barry Conlon, CEO and Founder of Overhaul.
In-transit shipments are the black hole of the supply chain," said David Warrick, Executive Vice President of Enterprise at Overhaul. "Without visibility, companies are left unaware of what happens to a shipment or product once it leaves a dock. Overhaul's in-transit visibility, risk, and compliance data empowers a deeper level of real-time risk scenarios with new, contextual data down to the product level."
The Microsoft Supply Chain Center will enable customers to deploy the Overhaul solution, leveraging the Azure platform in a simple flow with straight forward authentication and all the capabilities that Microsoft brings to the customer. Microsoft PowerApps allows Overhaul to provide top tier analytics on customers' data, and as the Microsoft Supply Chain Center continues to evolve, the opportunity to work closely with other solution providers to enable Supply Chain as a Service becomes a real possibility.
"With native integration of Overhaul's solution into Microsoft Supply Chain Center, customers can more quickly gain visibility into their transportation services, ultimately enabling greater agility amidst today's environment of frequent disruption,"
-Ray Smith, VP, Supply Chain, Microsoft Business Applications and Platform.
The Microsoft Supply Chain Center is now available in public preview. Learn more about Overhaul's work with Microsoft.
Founded in 2016 and headquartered in Austin, Texas, Overhaul is the only data-agnostic supply chain visibility and security solution. Overhaul transforms real-time visibility into risk management, compliance, and insurance solutions for its partners. Its software-based approach offers high configurability and efficient time-to-value to supply-chain organizations without heavy tech. Additionally, Overhaul's experienced team members hold thousands of years of logistics experience, partnering with each client to create a comprehensive solution for their entire supply chain. As such, Overhaul has quickly grown to be a trusted provider for Fortune 100 companies moving freight globally across industries, such as pharmaceutical and healthcare, technology, logistics, and food and beverage. Customers include Microsoft, Bristol Myers Squibb and many others. For more information, visit over-haul.com, and follow them on LinkedIn, Twitter, and Facebook.
SOFTWARE AND TECHNOLOGY,LOGISTICS,TRANSPORTATION
VINFAST | November 24, 2022
Under the partnership, INFORM will provide advanced vehicle logistics management software solutions to VinFast, including Transport Management Software (TMS) and a vehicle Yard Management System (YMS). These software solutions will deliver end-to-end transparency along with optimized processes from ordering the vehicle to its delivery to customers, making the delivery process faster, more efficient and sustainable. VinFast can monitor its EV logistics, optimizing processes from vehicle ordering andvehicle delivery, to vehicle recalls.
Major ports in the United States, Canada, Europe, and Vietnam will benefit from INFORM's solutions through optimized yard management, workshop scheduling activities, workforce management, and logistics service provider routing activities.
In the first phase of this partnership, INFORM's software will be implemented in the United States, Canada, and Vietnam, with Europe following closely behind, effectively supporting the transportation of VinFast electric vehicles to customers. The entire INFORM solution is projected to be in place across VinFast's entire ecosystem within 18-24 months.
"VinFast is currently in the process of mass production and delivery to global customers. INFORM's expertise is the key to VinFast's logistics, offering end-to-end solutions from when the vehicles are exported from Vietnam to when they are delivered to the customers. INFORM's technologies will help VinFast achieve faster, more efficient, and sustainable vehicle deliveries."
-Mdm. Le Thi Thu Thuy, Vice Chairwoman of Vingroup and Chairwoman of VinFast
According to INFORM Software Corporation's Chief Operating Officer Justin Newell: INFORM is extremely pleased to announce our strategic partnership with VinFast as they are a new premier EV manufacturer that is striving for a more sustainable future, which aligns with both INFORM's corporate and sustainability goals. INFORM's ability to deliver solutions across the entire vehicle supply chain from the factory out gate to customer handover is a key deliverable for our VinFast project.
INFORM's software solutions can also easily integrate with VinFast's other enterprise management software such as SAP – Enterprise Resource Planning solution, and Salesforce CRM – customer relation management program. These technologies will fully support VinFast's high standards for customer service, sustainability, and supply chain resilience.
INFORM develops software for optimizing business processes using Digital Decision Making based on Artificial Intelligence and Operations Research. While standard data management software only provides information, INFORM systems can analyze large amounts of data in a matter of seconds, calculate numerous decision variants, and suggest the best possible solution. Currently, INFORM has been working with over 1,000 customers worldwide, including manufacturing, commerce, airport, port, logistics, banking, telecommunications, and insurance businesses.
VinFast - a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam. Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: https://vinfastauto.com
Established in 1993, Vingroup is one of the leading private conglomerates in the region, with a total capitalization of $35 billion USD from three publicly traded companies (as of November 4, 2021). Vingroup currently focuses on three main areas: Technology and Industry, Services and Social Enterprise. Find out more at: https://www.vingroup.net/en
About INFORM GmbH/INFORM Software Corporation
INFORM develops software for the optimization of business processes using Digital Decision Making based on Artificial Intelligence and Operations Research. The company supplements classic IT systems and increases the profitability and resilience of many companies. While data management software only provides information, INFORM systems can analyze large amounts of data in a matter of seconds, calculate numerous decision variants and suggest the best possible solution to the user for implementation. Today, more than 950 software engineers, data analysts and consultants support more than 1,000 customers worldwide in manufacturing, trade, airports, ports, logistics, banks, telecommunication, and insurance companies. Processes including sales planning, production planning, personnel deployment, logistics and transport, inventories, supply chain management as well as fraud prevention in insurance, telecommunication, and payment transactions are optimized. www.inform-software.com