PYMNTS.com | May 25, 2020
In a black swan event such as the pandemic, ensuring business continues to flow not only means mitigating volatility of today. For many businesses along the global supply chain, it may also mean introducing changes that will affect how trade is done well into the future, too.In its recent B2B Payments: COVID-19 Impact Report, a collaboration with American Express, PYMNTS digs into some of the most dramatic and immediate shifts within global supply chains as a result of COVID-19. Unsurprisingly, manufacturers in the food and beverage, cleaning supplies, and medical equipment arenas are facing immense pressure from demand spikes, forcing shifts in their supplier bases, redrawn trade routes, and optimized production and logistics operations.But there could be many long-term consequences of these immediate changes, PYMNTS’s analysis reveals.“The pandemic is forcing B2B firms to rethink how they work with and pay each other, with at least one major brand deciding to accelerate transfers to its smaller vendors to help them survive the economic downturn,” the report stated. “Companies that can collaborate and adapt will be more likely to stay afloat, retain their business partners and come out of the crisis with tighter customer bonds.
CDPQ | December 08, 2021
Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today announced the acquisition of a significant minority interest in QIMA, a leading provider of supply chain compliance solutions, alongside QIMA's founder and management. This investment will allow the company to continue driving its strategic growth plan focused on both acquisitions and the expansion of its service offerings into new geographies and sectors. The transaction is subject to customary regulatory approvals.
Founded in 2005, QIMA is a fast-growing global Testing, Inspection and Certification (TIC) company and a digital pioneer in the sector that has invested heavily in developing an industry-leading technology platform. The company is active in the food, consumer goods and life sciences markets with over 15,000 clients in over 120 countries. QIMA has a broad global presence with more than 4,000 employees in 88 countries, as well as offices and specialized laboratories located around the world. The company has further developed a differentiated value proposition through its own supply chain quality management SaaS platform, QIMAone, which facilitates transparency and collaboration by enabling customers to have real time visibility of their entire procurement ecosystem and a shared view of quality and compliance performance.
"We are thrilled to welcome CDPQ and begin a new chapter in the development of QIMA". "As consumers' expectations surrounding quality, safety, and environmental impact continue to rise, widespread disruptions are simultaneously making global supply chain management more complex than ever. With the support of CDPQ, QIMA is in a unique position to help. By combining an industry-leading technology platform with our global experts' presence on the ground, we'll continue to bring more transparency and traceability to the products consumers are using every day."
-Sebastien Breteau, founder and CEO at QIMA
"QIMA has enjoyed significant growth thanks to its superior level of digitalization and ability to successfully integrate numerous acquisitions over the last few years while also continuing to serve a growing base of blue-chip clients". "With this investment, we look forward to partnering with QIMA and its strong management team as they continue to support a broad range of clients across the world with fast, accurate and transparent data that is essential to ensuring quality products that improve consumer safety and confidence."
-Martin Laguerre, Executive Vice-President and Head of Private Equity and Capital Solutions at CDPQ
Linklaters LLP served as legal counsel, BCG as commercial advisor, and PwC as finance and tax advisor to CDPQ. SVZ served as legal counsel, EY-Parthenon as commercial and IT advisor, Accuracy as finance advisor, and DLA Piper as tax and legal advisor to QIMA. Oloryn Partners served as advisor to QIMA's management.
At QIMA we are on a mission to offer our clients smart solutions to make products consumers can trust. We combine on-the-ground experts for quality inspections, supplier audits, certification, and lab testing, with a digital platform that brings accuracy, visibility and intelligence for quality and compliance data. We operate in 88 countries and help more than 15,000 global brands, retailers, manufacturers, and food growers achieve quality excellence. Our 4,000 committed employees live and make decisions everyday by the set of our core values: have a look and learn more about the QIMA way.
At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2021 CDPQ's net assets total CAD 390 billion.
USA Truck | January 06, 2022
USA Truck Inc. (Nasdaq: USAK) has entered into a Letter of Intent (LOI) for an initial purchase of 10 Nikola Tre BEV trucks from Thompson Truck Centers, a member of the Nikola Corporation (Nasdaq: NKLA) sales and service dealer network. Nikola is a leading designer and manufacturer of heavy-duty commercial battery-electric vehicles (BEV), fuel-cell electric vehicles (FCEV), and energy infrastructure solutions.
The LOI between USA Truck Inc. and Thompson Truck Centers is a "fleet-as-a-service" model where Thompson will provide sales, service, maintenance, and energy infrastructure required to operate the Nikola Tre BEV trucks, expected to be delivered in the first half of 2022. The agreement also includes the option to purchase an additional 90 Nikola zero-emission trucks over the next two years.
USA Truck Inc. is a leading capacity solutions provider headquartered in Van Buren, Arkansas. With more than 2,000 driving team members, USA Truck Inc. is regarded as one of the nation's largest over-the-road truckload carriers and brokers, providing capacity solutions to a broad customer base throughout North America. USAT Capacity Solutions brand is recognized as a top carrier and broker by the Commercial Carrier Journal (CCJ) and Transport Topics.
USAT Capacity Solutions has become a leader in our industry by partnering with technology companies that bring innovative solutions to our customers and drivers while improving the lives of everyone who connects with our company. The partnership with Nikola and Thompson advances our critically important ESG initiatives and further demonstrates our commitment to sustainability now and in the future."
James Reed, President and CEO of USA Truck Inc.
We are excited to partner with USA Truck and our dealer, Thompson, in delivering a comprehensive heavy-duty truck solution using zero-emissions electric drive battery-powered technology, USA Truck is committed to advancing a more sustainable and efficient approach to transportation, and we are excited to integrate our Nikola Tre BEVs in their operations with market-leading support by Thompson."
Nikola President, Energy & Commercial, Pablo Koziner.
ABOUT USA TRUCK INC.
USA Truck provides comprehensive capacity solutions to a broad and diverse customer base throughout North America. Our Trucking and USAT Logistics divisions blend an extensive portfolio of asset and asset-light services, offering a balanced approach to supply chain management, including customized truckload, dedicated contract carriage, intermodal, and third-party logistics freight management services.
ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona.
ABOUT THOMPSON TRUCK CENTERS
Thompson Truck Centers, a subsidiary of Thompson Machinery, traces its roots back to 1944 when the Thompson family operated a GMC Truck Dealership. The company had gained a reputation for providing excellent service in support of sales, which allowed Thompson to expand its operations and become a leading construction equipment dealer. Today, Thompson Truck Centers continues to service and repair all makes and models of medium and heavy-duty trucks. As technology evolves, Thompson is leading the way to help its customers achieve a zero-emission future.