SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN
Everstream Analytics | September 29, 2022
Everstream Analytics, the global supply chain insights and risk analytics company, announced a strategic partnership with leading value chain consulting firm, CAMELOT Management Consultants. This collaboration combines Everstream’s unrivaled risk scores and AI-powered analytics with CAMELOT’s unmatched strategic process design and organizational expertise to build high-performing, compliant, and resilient value chainsWith the growing number of supply chain compliance laws, including the German Supply Chain Act, the US Forced Labor Prevention law, and Fashion Sustainability Act, manufacturers are increasingly responsible for ensuring their suppliers are not participating in morally or environmentally unethical practices. Everstream and CAMELOT have teamed up to deliver a 360-degree people, process, and technology solution to help clients achieve German Supply Chain Act compliance and prepare for future EU supply chain regulations.
In addition to the potential fines from noncompliance, companies are subject to brand reputation risks when unethical human rights or environmental practices are found anywhere in their supplier network. A company’s ESG performance is a crucial value measure for investors, employees, and consumers across most industries, including chemicals, life sciences, retail, food and beverage, and automotive.
Companies are challenged to interpret the laws, uncover relevant risks within their complex supply chains, and proactively monitor for ongoing issues, said Rick Meyer, Head of Global Sales, Everstream. This partnership incorporates Everstream’s automated multi-tier risk analytics into CAMELOT’s integrated approach to effectively embed compliance and ESG into core business processes of global organizations.
“Achieving compliance with the German Supply Chain Act (LkSG) and other supply chain laws will not be a one-and-done effort. It will take advanced data & analytics, regulatory expertise, and supply chain process innovation to continuously and efficiently monitor global value chains and mitigate risk, The Everstream partnership creates a one-of-a-kind LkSG risk management solution to help clients meet their compliance and sustainability objectives.
-Thomas Ebel, Partner Value Chain Strategy and Transformation at CAMELOT.
The value of effective supply chain due diligence and risk management can prevent critical delays or shortages. For example, 50% of the global polysilicon supply, a key material in solar panels, comes from the Xinjiang region. Solar panels have already been detained by U.S. customs under UFLPA, causing significant installation delays and hindering renewable power capacity expansion in the U.S. With greater supplier visibility and advanced risk management processes, companies can adjust their sourcing strategies to suffer fewer surprises and recover more quickly when disruption strikes.
About Everstream Analytics
Everstream Analytics sets the global supply chain standard. Through the application of artificial intelligence and predictive analytics to its vast proprietary dataset, Everstream delivers the predictive insights and risk analytics businesses need for a smarter, more autonomous and sustainable supply chain. Everstream’s proven solution integrates with procurement, logistics and business continuity platforms generating the complete information, sharper analysis, and accurate predictions required to turn the supply chain into a business asset. To learn more, visit https://www.everstream.ai/.
About CAMELOT Management Consultants
CAMELOT Management Consultants is a globally leading consulting specialist for value chain management in the process, consumer goods and industrial manufacturing industries. The firm is a sector of the CAMELOT Group, headquartered in Mannheim, Germany with a network of over 1,800 professionals worldwide. Their integrated consulting approach and close collaboration with renowned technology specialists guarantees project success along all consulting phases: from decision-making to the organizational and technical implementation. To learn more, visit https://www.camelot-mc.com/.
PROCUREMENT AND SOURCING,SUPPLY CHAIN
FarEye | September 26, 2022
FarEye announced that it is one of the first companies to achieve the Amazon Web Services (AWS) Supply Chain Competency in the Software Offering: Move category. This designation recognizes FarEye for helping customers solve their critical supply chain challenges.Achieving the AWS Supply Chain Competency differentiates FarEye as an AWS Partner Network (APN) member with validated expertise and proven customer success delivering supply chain solutions for companies to enhance their responsiveness, strengthen their resilience to disruptions, and become more responsible to the environment and global community.
“Visibility and engagement during delivery is a key contributor to customer satisfaction, AWS provides the broadest set of capabilities for artificial intelligence and machine learning that companies like FarEye can leverage to deliver innovative supply chain solutions to customers. The AWS Supply Chain Competency makes it easier for our customers to discover differentiated APN supply chain partners.”
-Manish Govil, Global Segment Leader, Supply Chain, Amazon Web Services (AWS).
FarEye’s platform simplifies complex last mile delivery logistics, ensuring on-time accurate deliveries, increasing consumer loyalty and satisfaction, while reducing costs and improving operational efficiencies. With end-to-end visibility throughout the delivery journey, the FarEye platform leverages millions of data points to predict the shipment journey and improve the delivery experience. Leveraging artificial intelligence and machine learning also allows companies to intelligently adjust and redirect routes based on disruptions such as traffic, weather, or road closures, ensuring accurate, on-time last-mile deliveries.
Delivery can no longer be an afterthought but is a core business advantage and the key to consumer satisfaction and loyalty, said Sanjeev Suri, Senior Vice President - Global Omnichannel Logistics & Customer Services, Amway India. “We have been working with FarEye to improve visibility throughout the order-to-delivery process and monitor our 3PLs and last mile partners’ performance to ensure timely deliveries.
“Last mile has become the most critical, complicated aspect of the delivery journey, and the most expensive leg of shipping costs. Getting it right is paramount for companies given the rise in e-commerce spending and influx in deliveries, We are proud to achieve the AWS Supply Chain Competency as an AWS Partner and look forward to helping our joint customers deliver a superior consumer experience with every delivery, driving their competitive edge and increasing end consumer brand loyalty.”
-Suryansh Jalan, President, FarEye.
AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and expertise.
FarEye’s Intelligent Delivery platform turns deliveries into a competitive advantage. Retail, e-commerce and third-party logistics companies use FarEye’s unique combination of orchestration, real-time visibility, and branded customer experiences to simplify complex last mile delivery logistics. The FarEye platform allows businesses to increase consumer loyalty and satisfaction, reduce costs and improve operational efficiencies. FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile.
ESW and SEKO | September 28, 2022
ESW, the world’s leading direct-to-consumer (DTC) ecommerce company, and SEKO Logistics (SEKO), a leading global logistics provider, jointly announced that they have entered into a new partnership agreement providing mutually complementary services to each other’s clients. The alliance, which helps to address the rising cost of cross-border ecommerce for DTC brands, will facilitate improved cost, time and compliance benefits, and unlock access to a global ecommerce market expecting record growth again in 2022 to more than $5.55 trillionAs part of the agreement, ESW will support SEKO’s roster of clients with global end-to-end ecommerce technology and services to help them expand their DTC businesses. SEKO, in turn, will give ESW’s clients immediate access to enhanced logistics and fulfillment support, including expanded in-country warehouse presence and returns centers at over 120 locations globally to provide faster and more convenient customer experience.
“This new partnership will provide SEKO and ESW’s combined roster of clients with superior global DTC ecommerce solutions, SEKO’s logistics leadership offers a globally scalable solution for warehousing and returns, bringing ESW clients all the benefits and growth potential of an ecommerce fulfillment network spanning 40 countries.”
-Patrick Bousquet-Chavanne, ESW’s President and CEO, Americas
The announcement comes as the world of global ecommerce, particularly in the last year, has shifted. With the rising cost of airfreight, cross-border ecommerce brands now recognize the need for local fulfillment to reduce shipping costs, expedite delivery times and address complex compliance issues.
“The size and scale of our global fulfillment footprint, combined with ESW’s ecommerce technology, makes this partnership so exciting. We have customers in our portfolio who want what ESW offers, so we bring immediate basket aggregation opportunities. This type of collaboration is driving the growth of the ecommerce ecosystem,Our partnership with ESW provides these solutions immediately, and we’ve already won our first fulfillment customers on the strength of our combined offering. We are giving SEKO’s ecommerce clients the chance to partner with ESW on their globalization journey.”
-Brian Bourke, SEKO’s Chief Growth Officer.
ESW is the leading global and domestic direct-to-consumer (DTC) ecommerce company, empowering the world's best-loved brands and retailers to expand their DTC channel. ESW acquired Scalefast in June 2022, and the combined organization offers brands and retailers a complete portfolio of technology and services that cost-effectively support any stage of a company’s development. From compliance, data security, fraud protection, taxes and tariffs to demand generation, checkout, delivery, returns and customer service, our powerful combination of technology and human ingenuity covers the entire shopper journey across 200 markets, with 100% carbon neutral shipping to consumers. Headquartered in Dublin, Ireland, ESW has global offices in the US, UK, Spain, France, Italy, Japan, Hong Kong and Singapore. ESW is an Asendia Group company, a joint venture between La Poste and Swiss Post.
About SEKO Logistics
Built on nearly 50 years of logistics expertise, SEKO Logistics is the no-nonsense global end-to-end logistics partner – from factory to consumer. SEKO delivers sustainable client-first service, expert reliability and tech-driven shipping solutions that turn supply chains into a competitive differentiator. With over 150 offices in more than 40 countries, SEKO helps you move at the speed of commerce.