Tradeshift partners with FRDM to address slavery in the supply chain through global app platform

Supply Chain Digital | January 11, 2019

Tradeshift partners with FRDM to address slavery in the supply chain through global app platform
A leader in global supply chain payments and marketplaces has partnered with a technology solutions provider to better highlight and mitigate the challenges of human trafficking in the supply chain. Tradeshift has announced this week that it has partnered with FRDM (formerly Made in a Free World) to collaborate on the FRDM application, helping businesses all over the world proactively create an early detection of supply chain risk in human trafficking. Leveraging Tradeshift’s platform, FRDM brings together spend and supply chain data and analyses risks and compliance to allow users to better trace and monitor every stage of their supply chain ecosystems.  FRDM combines global trade flow data with supplier and purchase level details to provide enterprises with multi-tiered visibility. “We provide a platform for a community of businesses and consumers to buy better through the use of FRDM,” said Justin Dillon, CEO of FRDM. “This idea started in 2011 when the organization I founded partnered with the U.S. State Department to build the Slavery Footprint platform, combining product data with consumer purchase data to provide footprints of close to 30 million people worldwide. In joining with Tradeshift, we aim to make these tools available to the world’s most influential corporations. Consumers, investors, and governments expect companies to act on this.” FRDM is designed to make it ‘far easier for internal stakeholders--like Chief Sustainability Officers--to persuade CIOs, CPOs, and CMOs to start treating supply chain slavery as an essential corporate medicine to take for the health of their entire supply chain’.

Spotlight

Consumer buying behavior is changing drastically with growing adoption of the Internet, smartphones, and handheld devices worldwide, especially in Asia. The surge in Internet sales and in consumers using different channels to evaluate products, order, pay, collect, and return their purchases has driven companies to investigate the omni-channel approach. Retailers and manufacturers in all industries will need to adapt to this new reality to thrive. From being an emerging trend, omni-channel will be a key requirement in the future, presenting challenges and significant opportunities to all businesses. We invite you to join us on a journey to discover its potential! Logistics is a key enabler for omni-channel, and the success of the omni-channel approach hinges on how businesses adapt to evolving consumer journeys. They must move away from channel-based structures and networks, and seek to personalize their engagement with consumers.

Spotlight

Consumer buying behavior is changing drastically with growing adoption of the Internet, smartphones, and handheld devices worldwide, especially in Asia. The surge in Internet sales and in consumers using different channels to evaluate products, order, pay, collect, and return their purchases has driven companies to investigate the omni-channel approach. Retailers and manufacturers in all industries will need to adapt to this new reality to thrive. From being an emerging trend, omni-channel will be a key requirement in the future, presenting challenges and significant opportunities to all businesses. We invite you to join us on a journey to discover its potential! Logistics is a key enabler for omni-channel, and the success of the omni-channel approach hinges on how businesses adapt to evolving consumer journeys. They must move away from channel-based structures and networks, and seek to personalize their engagement with consumers.

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Redwood Logistics Partners with MercuryGate to Integrate Redwood’s Rating API with MercuryGate’s Leading TMS

Redwood Logistics | August 30, 2021

Redwood Logistics, one of the fastest-growing supply chain and logistics companies in North America, today announced a partnership with MercuryGate, integrating Redwood’s Rating API with MercuryGate’s Transportation Management System (TMS). This dynamic integration will provide MercuryGate TMS users with instant rates, robust capacity, and 100% tender acceptance delivered instantly through RedwoodConnect™, a proprietary, turnkey supply chain integration platform-as-a-service. Logistics experts can now expect to streamline operations and tap into automated rate execution as part of Redwood’s integrated LPaaS (Logistics Platform as a Service), which connects shippers to the best industry solutions, people and technology. Built on top of a proprietary machine-learning pricing module, Redwood's Rating API provides customers with market-responsive rate visibility and one click tendering through the new integration. MercuryGate’s highly configurable, SaaS-based TMS can manage multi-leg, multimodal shipments across the country or across the planet as a single, digital freight platform for all shipments and modes. “Redwood’s Rating API integrates directly into existing TMS or any other logistics application, enabling users to simplify connections, streamline communication and enhance visibility across the entire supply chain,” said Steve Walton, President, Supply Chain Solutions, Redwood. “Backed by Redwood’s nearly 20 years of supply chain experience, a good part of which was spent side-by-side in close collaboration with MercuryGate, the Rating API will now connect customers to Redwood’s private network of over 30,000 carriers, enabling MercuryGate TMS users one-click access to thousands of carriers, delivering speed, security and scalability.” Shippers choose MercuryGate to optimize transportation across the entire supply chain for all modes, combined with a state-of-the-art exception management. Benefits include streamlined operations, increased visibility, improved productivity, improved transportation processes, reduced costs and increased customer satisfaction. “MercuryGate is the only full-power, feature-rich TMS that is singularly focused on strategic freight transportation management automation and has been for over two decades,” said Joe Juliano, President and CEO of MercuryGate. “The result is a best-of-breed transportation management platform that enables logistics experts to execute efficiencies previously unattainable and empower relative newcomers to perform at expert levels they could not otherwise achieve. Integrating with Redwood’s Rating API will enable MercuryGate users to streamline processes, ensuring scalability and success navigating the increased volatility across the freight transportation markets.“ About Redwood Redwood Logistics, a leading logistics platform company headquartered in Chicago, has provided solutions for moving and managing freight for nearly 20 years. The company’s diverse portfolio includes digital freight brokerage, flexible freight management and logistics consulting all wrapped into a revolutionary logistics and technology delivery model— LPaaS (Logistics Platform as a Service). LPaaS utilizes an open platform for digital logistics that empowers shippers to seamlessly mix-and-match partners, technologies and solutions into their own unique digital supply chain fingerprint. Redwood connects a wide range of customers to the power of supply chain management, technology and the industry’s brightest minds. About MercuryGate MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, freight forwarders, brokers, and carriers. MercuryGate’s solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail, and Intermodal. All modes may be executed in a fully autonomous solution that is even capable of automatically adapting to disruptions as they occur. Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to reduce costs including the cost of delivery, improve transportation processes, increase customer satisfaction and drive growth.

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Via Acquires Fleetonomy to Meet Rapidly Growing Demand for Logistics

Via | October 06, 2020

Via, the world's preeminent provider of digital infrastructure for public mobility systems, announces today that it has acquired Fleetonomy, a leading developer of advanced fleet management software. The acquisition accelerates Via's expansion beyond public transit and strengthens its ability to meet increasing global demand for efficient, flexible solutions for logistics and delivery. Following its Series E financing led by Exor in March at a $2.25B valuation, the transaction represents an important step towards realizing Via's vision of using technology to shape the future of transportation of people and goods in cities around the world. Fleetonomy was founded in 2017 by CEO Israel Duanis and CTO Lior Gerenstein, with the vision of building the next generation of fleet management and optimization platforms, suitable for the challenges and opportunities that came with the shift to fleet-based on-demand services. In a few short years, the company partnered with a roster of notable brands ranging from Toyota to BP, asserting itself as the gold standard in fleet management technology. Via's technology is currently used by more than 150 cities and transit operators across the globe to power intelligent transit and, increasingly, delivery platforms. The need for essential transit services and goods delivery has continued to grow during the pandemic, and Via plans to apply Fleetonomy's technology and expertise in demand prediction and fleet utilization to advance its digitally-powered logistics solutions.

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FREIGHT

Cowen Research and AFS Logistics Launch Index to Track and Predict Pricing Within the Air Freight & Surface Transportation Sector

Cowen Inc. | October 12, 2021

Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”), and AFS Logistics, LLC (“AFS”), today announced the launch of the Cowen/AFS Freight Index (“Freight Index”). The Freight Index will serve to provide Cowen’s institutional clients with predictive pricing tools for multiple sectors within the freight industry, on a quarterly basis. The Freight Index will provide a performance snapshot of less-than-truckload shipping (LTL), full truckload shipping (TL), and parcel shipping (both express and ground, separately). This data will be featured in Cowen’s market-leading air freight and surface transportation equity research. Jason Seidl, Cowen’s Senior Analyst for Airfreight & Surface Transportation, is leading the initiative. As one of the most experienced 3PLs and largest freight audit and payment companies in the industry, AFS holds unique access to freight data across transportation modes. Applying advanced analytics including machine learning algorithms, AFS and Cowen developed models that unveil the depth and richness of the data. In addition to the massive historical data, current macro- and micro-economic factors are carefully evaluated, selected, and built into predictive models, including the most recent General Rate Increase (GRI) announcement from a major parcel carrier. The resulting Cowen/AFS Freight Index offers a unique and comprehensive view of both past performance and the forecasted outlook for the immediate future quarter. “Freight is a rapidly changing industry and the ability to track its performance has become a critical component of the investment process for our clients. There is strong demand for tools to accurately monitor and predict sector trends. The Cowen/AFS Freight Index is designed to fill that void,” said Jason Seidl. “Using applied machine learning, data science and the annual transportation spend at AFS since 2018 to give a strong picture of the overall market, the Freight Index currently forecasts, among other things, that we should see the TL rate market reach a new high in the fourth quarter of 2021, with LTL rates expected to grow at an even larger clip.” “Our clients are leveraging data to improve efficiency in their logistics networks. Our intent with this groundbreaking Cowen/AFS Freight Index is to provide them with insights to make those data-driven networks even more effective,” said Tom Nightingale, Chief Executive Officer of AFS. “We’re bringing more than just raw, historical data to the market. We’re applying advanced, predictive analytics and unlocking the full information behind the data to deliver highly relevant insights that have real value for our clients.” Key Implications of the Cowen/AFS Freight Index from the Inaugural Report by Jason Seidl: TL: We expect TL rate per mile to continue growing through the end of 2021, reaching a high for our index of 24.2% in 4Q21 and up from 21.0% in 3Q21, off the January 2018 AFS baseline. On a year-over-year basis, the Freight Index suggests an increase of ~15% in 4Q, a slight sequential moderation. We found a correlation between the sequential change in the baseline of the TL Freight Index and sequential change in revenue per truck. Revenue per truck also offers historical insights into (and correlates to) TL stock performance (TL stock performance generally leads revenue per truck metrics by about one quarter). Thus, we view this as a positive for the TL group. LTL: The Cowen/AFS LTL Freight Index suggests that LTL rate per pound should continue to grow sequentially in 4Q21 at 32.3%, up 2.1% sequentially, off the January 2018 AFS baseline. On a year-over-year basis, the data suggests ~16% growth, a sequential increase in 4Q (noting a sequential step down from November to December). We found a correlation between the sequential change in the LTL Freight Index baseline and sequential change in revenue per hundredweight. LTL stock performance also historically leads (and correlates with) the revenue per hundredweight metric LTL companies provide by roughly one quarter. Therefore, we view the positive sequential trends and new highs for the LTL Freight Index as a positive for the LTL group. Parcel/Express Parcel: The Cowen/AFS Parcel Freight Index suggests that ground parcel rates per package will increase 16.9% in 4Q21, up 2.1% sequentially, off the January 2018 AFS baseline. On a year-over-year basis, the data suggest ~9% growth. For parcel express, the Cowen/AFS Parcel Express Freight Index suggest that express rates per package will decline 10.9% in 4Q21, compared to -8.9% in 3Q, off the 2018 AFS baseline. On a year-over-year basis, the data suggest ~13% growth. We found a correlation between certain large parcel carrier KPIs and the Parcel Freight Index. Macro: We have found the year-over-year AFS data (and the TL Freight Index in particular) to correlate well with the year-over-year change in the Purchasing Managers’ Index. This may provide investors with perspective on potential movements of the PMI. The TL Freight Index, which tracks truckload rates per mile, indicates how much carriers are charging shippers to move TL freight. A strong demand environment (which is what we are seeing play out in the market now), leads to elevated rates (without considering the supply side), which implies a strong manufacturing index. Other Takeaways: Since March 2021, AFS has seen the average weight per shipment within LTL steadily decrease, likely due to the ongoing shift to e-commerce. Despite this, rates have still increased, with labor shortages and other capacity restraints contributing. Carriers have been able to implement steep rate increases on shippers and have been even more aggressive on surcharges to move undesirable freight. About Jason Seidl Jason Seidl joined Cowen in 2013 as part of the Company’s acquisition of Dahlman Rose and has been covering the air freight & surface transportation sector for over 20 years. He has been recognized for his stock picking and EPS accuracy in numerous third-party polls and surveys, most recently the 2020 TipRanks Analyst Awards. He is currently ranked 10th across all sectors for stock picking by TipRanks. Before his Wall Street career, Mr. Seidl spent four years working in the trucking/parcel transportation industry. He has a Bachelor of Science degree in transportation distribution management from Syracuse University and a Master of Business Administration with a concentration in Finance from Rutgers University. He is a member of the executive advisory board for Syracuse University’s School of Supply Chain Management; past President of the board of directors for the North East Association of Rail Shippers; and a contributing editor for Railway Age. About Cowen Research Cowen’s research department has 58 senior analysts covering 930 securities across multiple sectors including industrials, consumer, energy, health care, technology, media & telecom, and cross-asset, as well as a deep Washington policy team. About Cowen Inc. Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. The Company’s broker dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing and commission management services. Cowen’s investment management segment offers actively managed alternative investment products. Cowen Inc. focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com. About AFS AFS Logistics helps more than 1,700 companies across more than 35 countries drive sustained savings, while turning their supply chains into competitive, customer-centric differentiators. The AFS portfolio of services features Audit, Parcel, LTL and Transportation Management, which includes Freight Brokerage and Freight Forwarding. Founded in 1982 and employing a team of more than 350 logistics teammates in seven major locations across the U.S., AFS is regularly part of the Inc. 5000 list of fastest growing companies.

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