Premier, Inc | October 27, 2021
Premier, Inc. a leading technology-driven healthcare improvement company, and Resilinc, the leading supply chain monitoring, mapping and resiliency solution, today announced a new collaboration to drive greater supply chain transparency, risk mitigation and business continuity for U.S. healthcare providers.
Supply chain disruptions spiked 67 percent in 2020, with the impact of these disruptions rippling across the globe as demand for critical medical supplies and drugs surged 7X to 30X. COVID-19 highlighted the lack of downstream supply chain visibility and reinforced the urgent need to better understand product availability and risk as providers have struggled to access vital healthcare products and medications.
The Resilinc and Premier initiative expands Premier’s supply chain mapping footprint to encompass more than 1,300 suppliers and 15,000 sites – a vital capability alongside our nation’s still-limited knowledge on the manufacturing locations and production volume for American drugs and medical products. Leveraging Resilinc’s Multi-Tier Mapping service will give Premier visibility down to the site, product and ingredient/part levels for its top supplier partners, allowing for greater transparency into potential vulnerabilities to help ensure continuity of supply. Premier will also utilize Resilinc’s RiskShield, which provides comprehensive supplier risk scores based on geographic diversity, recovery time, quality, Environmental, Social and Governance (ESG) and sustainability practices, and other key criteria.
In addition to enhanced supply chain mapping and supplier risk assessments, Premier will leverage EventWatchAI, Resilinc’s 24/7 monitoring service. EventWatchAI uses artificial intelligence and natural language processing technology to monitor for over 50 types of potentially disruptive events across millions of news, social media and government agency feeds in 189 countries and 100 languages.
Our collaboration with Resilinc is yet another step forward in Premier’s steadfast, multi-year commitment to protect healthcare providers from shortages. From our domestic manufacturing investments to our industry-leading drug shortage program, direct sourcing arm and PINC AI™ technology suite, no other group purchasing organization has the comprehensive strategy and tools to help eliminate shortages and supply chain vulnerabilities. This partnership also aligns with Premier’s ESG commitment – our members and other partners deserve more transparency to help fulfill our collective mission to improve the health of communities.”
David A. Hargraves, Senior Vice President of Supply Chain for Premier.
“We’re thrilled to expand our partnership with Premier to include more robust supply chain mapping and supplier risk assessment capabilities. These two areas are crucial to business continuity, especially in the healthcare supply chain,” said Resilinc’s CEO and co-founder, Bindiya Vakil. “The visibility supply chain mapping provides is the foundation of risk management and transparency. That, combined with knowledge about the potential risk areas across the supplier network, allows for a deeper understanding of issues and the ability to offset any brand or logistical trouble.”
Premier and Resilinc’s partnership goes back to 2018. Throughout that time, the two companies have collaborated on multiple projects aimed at increasing the maturity of global healthcare supply chains. Key projects include The Exchange, a cloud-based platform for hospitals to interact with vetted peer organizations to identify, locate and exchange critical medical items, and the Healthcare Transparency Initiative, a first of its kind collaboration focused exclusively on improving transparency and reducing disruptions in the healthcare supply chain.
About Premier, Inc.
Premier, Inc. is a leading healthcare improvement company, uniting an alliance of more than 4,400 U.S. hospitals and health systems and approximately 225,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide.
Turvo, FreightWaves | May 28, 2021
Turvo, the world's leading supply chain collaboration application, announced a new collaboration and integration with FreightWaves, bringing FreightWaves SONAR data to the company's collaborative logistics platform. FreightWaves SONAR is the industry's most comprehensive freight data platform.
"COVID-19 blew up the system in terms of reliable historical data. It demonstrated how difficult it could be to make business decisions based on outdated information, "said Craig Fuller, FreightWaves' founder, and CEO. "Success in the supply chain is determined by the accuracy of your information and the speed with which you can act on it. SONAR provides near real-time data to the supply chain, allowing participants to navigate evolving markets more efficiently and successfully."
"We're excited to bring a greater level of actionable insight to our clients' supply chains," said Scott Lang, Chairman, and CEO of Turvo. "By incorporating SONAR's freight data into Turvo, our clients will benefit from timely, actionable insight as they manage and tender shipments. SONAR data will enable our clients to have a worldwide view of their operations, allowing them to analyze lane profitability and margins better, identify trends, and uncover opportunities to optimize their operations."
FreightWaves SONAR collects freight data from over 1,000 transportation and logistics sources, including IoT vendors, transportation management systems (TMS), telematics providers, on-truck sensors, payment providers, fuel vendors, third-party logistics providers (3PLs), shippers, and carriers, accounting for 85% of the market's electronic tenders. Significantly, most data in SONAR is based on what has happened in the market in the past 24 hours. This perspective provides SONAR with a near-real-time view of market circumstances based on data sets provided by TMS and telematics activities.
"Ultimately, we want to provide our clients with the best experience possible," Lang added. "That implies not just having the best data, but also having access to and analyzing it in a single place. Turvo's one-of-a-kind design unifies systems, data, and people in context, allowing customers to make better decisions."
Turvo provides the world's leading collaboration application for the supply chain. Turvo connects people and businesses, enabling shippers, logistics providers, and carriers to unify their supply chains, offer exceptional customer experiences, collaborate in real-time, and accelerate growth. The technology combines all internal and external systems, providing a unified end-to-end solution to perform all operations and analytics while reducing unnecessary manual tasks and automating business processes. Turvo's customers include some of the world's leading logistics service providers, shippers, and freight brokers, as well as Fortune 500 logistics services. Turvo is headquartered in San Francisco, with operations in Dallas, Texas, and Hyderabad, India.
FreightWaves is the world's leading provider of freight market forecasting, data, news, and analysis. Logistics and supply chain companies use FreightWaves for benchmarking, analytics, monitoring, and forecasting of pricing, capacity, demand, energy, and carbon intelligence. Through SONAR, a subscription SaaS platform and the world's most extensive streaming media network focused on logistics and supply chain information; the company provides the most up-to-date data and market insights.
FreightWaves SONAR offers 500+ enterprises with near real-time freight market data and supply chain intelligence.FreightWaves Carbon Intelligence provides supply chain firms with insight into carbon emissions and solutions to achieve carbon neutrality.
FreightWaves Media is the parent company of the FreightWaves, American Shipper, and Modern Shipper brands. FreightWaves Media's websites have over 1.5 million unique monthly visits, generate 15 million monthly minutes of streaming TV, and have 100,000 monthly podcast downloads.
PR Newswire | September 08, 2020
Nippon Express Co., Ltd. is in the process of developing pharmaceutical supply chain networks that meet both hardware and software requirements for Good Distribution Practices (standards for ensuring proper distribution of pharmaceuticals; hereinafter, "GDP") and thereby enable safer and more secure supply of pharmaceuticals. In view of the globalization of pharmaceutical supply chains, the Company will also be setting up GDP-compliant business locations in major markets worldwide to enhance its supply networks on a global level. Furthermore, Nippon Express will be looking to employ the digital technologies of IoT and blockchain to track logistics information end-to-end, doing its part to optimize supply chains for the industry as a whole via a data-driven approach that offers traceability and increased operational efficiency. The "Nippon Express Group Management Plan 2023 -- Dynamic Growth" deems strengthening the Company's three approaches -- a customer-/industry-based approach, a business-based approach and an area-based approach -- a priority within the Plan's "Growth Strategy for Core Businesses." In determining how to optimally tailor services to the needs of individual customers, Nippon Express is focusing particular efforts on the customer-/industry-based approach that looks at services from a customer perspective.