SUPPLY CHAIN

Inspectorio Announces New Tracking Platform to Prevent Supply Chain Delays and Improve On-Time Delivery Performance

Inspectorio | January 15, 2022

Inspectorio_Announces_New
Inspectorio™, the leading cloud-based AI-powered SaaS solution that helps brands, retailers, manufacturers, and suppliers manage risk through digitalized quality and compliance programs, debuts Inspectorio Tracking™.

Inspectorio is the first company to offer a holistic platform to incorporate quality, compliance, and production tracking while leveraging machine learning to take a proactive versus reactive approach. Inspectorio Tracking is a complete and easy-to-use solution for empowering companies with real-time data from the production floor. Current Inspectorio clients include major brands and retailers, such as Target USA, Kohls, Crocs, and more.

Prior to the onset of the COVID era, few consumers understood the complexities and issues surrounding the supply chain. Product shortages caused by supply chain fractures brought to light an outdated system with many areas still in need of a digital transformation. Inspectorio™ seeks to solve these issues with its new Tracking platform. Tracking is a collaborative, production monitoring platform that helps retailers, brands and suppliers keep their production on track to prevent delays and ensure on-time delivery.

The platform provides objective and reliable data to all supply chain partners. A major differentiator is the option to access detailed activity logs and exception management reporting for each purchase order to identify areas of risk or delays timely. In addition, it minimizes overhead costs by centralizing all activities and communications related to production tracking onto a digital platform.

The past year and a half has exposed multiple issues within the supply chain caused by outdated processes, procedures and technologies, Communication failures became commonplace and even the norm. Now is the time to focus on solving these issues with technology that provides better insights into tracking data at all stages of production. With Inspectorio Tracking, we will lead the advancement of software for the supply chain and empower businesses from multiple industries to optimize their quality, sustainability, and compliance operations."

Carlos Moncayo, CEO of Inspectorio.

Inspectorio helps digitize quality compliance and remove data silos by bringing all activities and data into one platform. Inspectorio's solutions allow real-time data and reporting across all these activities, enabling organizations to have a predictive rather than reactive approach to quality, compliance, and production monitoring.

About Inspectorio
Inspectorio's cloud-based SaaS solution helps brands, retailers, manufacturers, and suppliers manage risk through digitalized quality and compliance programs. Inspectorio aims to build an interconnected, sustainable, and transparent supply chain. Today, Inspectorio has over 15,000+ people across the globe using its software, including some of the largest brands and retailers in the world. Inspectorio was created by Carlos Moncayo, David Klein, Fernando Moncayo, and Luis Moncayo to reinvent a dated inspection process. After experiencing the challenges and pitfalls of these traditional methods firsthand, having founded ASIAM Business Group in 2003, our founders set out to bring revolutionary technology and transparency to the retail supply chain.

Inspectorio gives brands, retailers, and suppliers the tools to predict areas of high risk and automate risk-based interventions across the supply chain. Inspectorio has over 200 employees, spread across Minneapolis, Ecuador, China, Vietnam, and Belarus. Originally based in Hong Kong, the company moved its headquarters to Minneapolis after participating in the Target Techstars accelerator program.

Spotlight

This Volvo CNG-powered truck caught fire during normal operation in January 2015 and is now the subject of a lawsuit filed by third-party logistics provider, Kane Is Able, against Volvo. KANE is demanding that Volvo honor its warranty obligations for the recently purchased truck.

Spotlight

This Volvo CNG-powered truck caught fire during normal operation in January 2015 and is now the subject of a lawsuit filed by third-party logistics provider, Kane Is Able, against Volvo. KANE is demanding that Volvo honor its warranty obligations for the recently purchased truck.

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PROCUREMENT AND SOURCING

AIT Worldwide Logistics acquiring final mile 3PL Select Express & Logistics

AIT Worldwide Logistics | November 18, 2021

Global supply chain solutions leader AIT Worldwide Logistics has reached an agreement to acquire New York City-based Select Express & Logistics, a leading 3PL arranging final mile delivery and assembly services for big and bulky consumer and commercial goods, including furniture, fitness equipment, home electronics, outdoor appliances and accessories, and more. With nearly 400 teammates in 60 locations—13 offices supported by 47 cross-dock facilities across the United States—Select administers the delivery of more than 1.7 million shipments per year by harnessing an elite network of 1,200-plus carriers. The 3PL also boasts one of the largest networks of assembly technicians in the United States for both fitness equipment and outdoor structures, performing over 600,000 assembly and repair jobs annually. Ninety percent of deliveries managed by Select are completed using mobile app technology, which provides their customers with real-time visibility and proof of delivery. Likewise, Select's technology allows retailers to offer delivery appointment scheduling at the point of sale, providing a seamless experience that reduces buyer's remorse. The complementary integration of AIT's robust global freight forwarding operations with Select's expansive final mile service will create a seamless first, middle and final mile solution in the United States. Access to final mile capacity and complex assembly teams will dramatically expand for AIT customers while Select customers will be connected with AIT's global freight forwarding expertise. With the acquisition of Select, AIT will represent a single point of access for importing heavy, bulky goods into the United States, providing nationwide forward stocking, and ultimately delivering omnichannel final mile service direct to consumers from customers' distribution centers, drop shippers or brick-and-mortar stores. In an era with capacity being the foremost challenge for global supply chains, Select's access to more than 1,100 driver teams operating both dedicated and on-demand equipment will minimize capacity constraints and alleviate pressure on final mile delivery times for AIT customers. "We are delighted to welcome the Select team to AIT. Customers with omnichannel distribution initiatives will benefit from our new unified solution that provides a truly global glass pipeline when importing goods from overseas to be delivered and assembled in consumers' homes and commercial businesses," said AIT President and CEO, Vaughn Moore. "Most importantly, Select's culture—especially the way they value their teammates and treat their clients—is a great fit. Confirming these shared core values is a prerequisite before AIT will even consider a company for acquisition." Select Express & Logistics Chief Executive Officer, Jay Waldman, said, "On behalf of our entire team, we are thrilled and honored to join forces with AIT. For 20 years, Select has been providing our customers with the highest level of final mile delivery and assembly services for big and bulky goods. Combining our final mile expertise with AIT's global freight capabilities will enable us to better serve our customers by managing the movement of product from the factory floor to consumers' homes." AIT Worldwide Logistics' acquisition of Select Express & Logistics is expected to close December 17, 2021. It will be the third acquisition for AIT in 2021, following previous deals to purchase customs broker Multimodal International and freight forwarder Intelligent Logistics. Terms of the agreement have not been disclosed. Stifel acted as financial advisor to AIT on the transaction. Kirkland & Ellis LLP served as legal counsel to AIT. The Transportation & Logistics Investment Banking Group of Raymond James & Associates, Inc. served as financial advisor to Select. Norton Rose Fulbright U.S. LLP served as legal counsel to Select. 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 100 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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Exotec Raises $90 Million to Support Warehouse Automation Technology

Exotec | September 29, 2020

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HPD LendScape Partners Emirates Development Bank to Launch UAE's National Supply Chain Finance Platform

HPD LendScape | October 13, 2020

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