Operations, trade flows halt as coronavirus spreads

Supply Chain Dive | January 31, 2020

The World Health Organization (WHO) declared coronavirus a Public Health Emergency of International Concern Thursday but did not impose any restrictions on the movement of people or goods, saying it could make the situation worse. "[I]n general, evidence has shown that restricting the movement of people and goods during public health emergencies may be ineffective and may divert resources from other interventions," WHO said in a statement on the decision. "Further, restrictions may interrupt needed aid and technical support, may disrupt businesses, and may have negative effects on the economies of countries affected by the emergencies." Regardless, transportation is shut down in and out of Wuhan and Hubei Province, and all terminals at The Port of Wuhan have ceased operations as the result of the quarantine the Chinese government has instated on the region, according to Mirko Woitzik and Tim Yu, who work in risk intelligence for Resilience360.

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Spotlight

In this white paper, you’ll learn how food and beverage companies are employing best practices in perfect order fill and finding opportunities for revenue growth and cost reduction. As they eliminate exceptions, they also maximize productivity and profits, protect brand equity, improve their competitiveness, and increase their customers’ satisfaction.

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SUPPLY CHAIN

Accenture Invests in Operational Resilience and Supply Chain Cybersecurity Company Interos

Accenture | December 07, 2021

Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in Interos, an operational resilience and supply chain risk management company that uses machine learning to monitor global business relationships and identify risks. The Interos platform uses AI and machine learning to monitor and analyze a wide array of supply chain issues in real time across multiple risk categories, including financial, operational, governance, geographic, and cybersecurity. The company’s Operational Resilience Cloud contains more than 30 million unique entities sourced from public, academic, government and commercial data sets. “Organizations need a better way to understand not only their own cybersecurity vulnerabilities, but potential risks across the entire scope of their supply chains,” -Kelly Bissell The ongoing disruption to the global supply chain, which continues to escalate, has brought the issue of risk and resilience from the back room to the board room. Our research has shown that large companies are losing an average of $184 million annually because of supply chain disruption. There has never been a stronger case for automated and continuous supply chain monitoring which can only be accomplished with AI and machine learning capabilities. This investment from Accenture will allow us to plug into new markets across the globe and bring real-time, effective insight and operational resilience to companies urgently trying improve their supply chain management.” -Jennifer Bisceglie, CEO of Interos With a current valuation of more than $1 billion USD, Interos is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that connects emerging technology software startups with the Global 2000 to fill strategic innovation gaps. Project Spotlight offers extensive access to Accenture’s domain expertise and its enterprise clients, helping startups harness human creativity and deliver on the promise of their technology. New Accenture research shows why organizations should think beyond securing their own enterprises to better secure their vendor ecosystems. Accenture’s 2021 State of Cyber Resilience report reveals that despite two-thirds (67%) of organizations believing that their ecosystem is secure, indirect attacks accounted for 61% of all cyberattacks this past year, up from 44% the prior year. “Supply chain visibility is one of the biggest issues in business resiliency today, and as corporate relationship networks continue to grow, this problem will only become more and more complex,” said Kris Timmermans, Accenture’s Supply Chain & Operations global lead. “Accenture Ventures’ investment in Interos will transform the way our clients see into their own ecosystems and will help safely accelerate their growth. From a whole new angle, clients will get clear picture of their supply chain and potential threats to their business operations, including cyber risks they should prioritize and address.” Terms of the investment were not disclosed. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 624,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities About Interos Interos is the operational resilience company — reinventing how companies manage their supply chains and business relationships — through our breakthrough SaaS platform that uses artificial intelligence to model and transform the ecosystems of complex businesses into a living global map, down to any single supplier, anywhere. Reducing months of backward-looking manual spreadsheet inputs to instant visualizations and continuous monitoring, the Interos Operational Resilience Cloud helps organizations reduce risk, avoid disruptions, and achieve superior enterprise adaptability. Businesses can also uncover game-changing opportunities to radically change the way they see, learn and profit from their relationships. Based in Washington, DC, Interos serves global clients with business-critical, independent relationships across their primary operational areas: supply chain, financial, cybersecurity, regulatory and ESG compliance, and geographical. The fast-growing private company is led by CEO Jennifer Bisceglie and supported by investors Kleiner Perkins, NightDragon, and Venrock

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LOGISTICS

Lineage Logistics Announces Acquisition of Hanson Logistics

Lineage Logistics | August 06, 2021

Lineage Logistics, LLC, the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has acquired Hanson Logistics, one of the most respected cold storage organizations in the Midwest. Hanson currently ranks as the twelfth largest temperature-controlled warehousing and logistics provider in North America, according to the International Association of Refrigerated Warehousing (IARW). Founded in 1954, Hanson’s network includes seven distribution facilities spanning over 46 million cubic feet of capacity across Michigan and Indiana, which are strategically located to reach over 60% of the U.S. population. Their integrated business segments in warehousing and transportation solutions along with Hanson’s frozen food consolidation program, Velocities, provides customers with a full suite of services at every step of the supply chain. “Hanson Logistics is another great example of a family-owned business that has served its customers with excellence for generations. Now, they’re joining the Lineage family of companies to help accelerate their growth and customers’ reach,” said Greg Lehmkuhl, President and CEO of Lineage. “Their dedicated, customer-focused team also represents an awesome cultural alignment with our own, and we are thrilled to welcome them to the One Lineage family.” “For decades, we have worked to build the best possible supply chain logistics program in order to support our customers through every step of the food supply chain,” said Ken Whah, President and CEO of Hanson Logistics. “In joining the Lineage family, we are better positioned than ever to continue serving not only mid-market food processors but also large global customers. We couldn’t be more excited for this next chapter of growth, and I am confident our strong cultural fit will only enhance our team members’ ability to make a difference every day.” The acquisition of Hanson follows Lineage’s announcement of five other North American acquisitions earlier this year. The Company has since welcomed two additional cold storage providers to strengthen its domestic operations, including: Marc Villeneuve, a direct-to-store distribution service in Montreal Orefield Cold Storage, comprised of three locations in Eastern Pennsylvania In total, Lineage’s North American facility network consists of more than 250 facilities in 35 states and two Canadian provinces spanning over 1.7 billion cubic feet of temperature-controlled capacity. About Lineage Logistics Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 350 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 15 countries across North America, Europe, Asia-Pacific, and South America. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivaled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world.

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LOGISTICS

Velodyne Lidar and Trunk.Tech Collaborates to Develop Next-generation Autonomous Heavy Trucks

Velodyne Lidar | January 20, 2021

Velodyne Lidar, Inc. announces an essential partnership with Beijing Trunk Technology Co., Ltd. (Trunk.Tech). The organizations will work together in creating cutting edge autonomous substantial trucks and to quicken commercialization of driverless trucks in China's logistics market. Velodyne and Trunk.Tech will coordinate on lidar-empowered items that meet the requesting necessities of high velocity transportation logistics. These arrangements will reinforce object mindfulness and identification abilities of automated substantial trucks and are intended to advance quick, enormous scope vehicle creation in a financially savvy, productive way. Trunk.Tech has close collaboration with business vehicle OEMs to deliver driverless trucks and guarantee the vehicles follow vehicle wellbeing guidelines. Trunk.Tech is the primary organization in China to independently develop SAE Level 4 driverless trucks, in light of its own powerful driverless equipment and programming frameworks. It utilizes Velodyne's lidar, including Ultra Puck™, Puck™ and Velarray H800 sensors, as core sensor equipment in its autonomous trucks. Trunk.Tech chose Velodyne because of sensor quality, execution and mass production limit.

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