Q&A with Matt Amundson, VP of Marketing at Everstring

MEDIA 7 | November 14, 2019

Q&A with Matt Amundson
Matt Amundson, VP of Marketing at EverString has over 10 years of sales and marketing experience. Matt has held roles in Demand Generation and Sales Development at TIBCO, Marketo, FGXI and Red Bull. His primary focus has been on creating processes that generate a consistent, pipeline.

MEDIA 7: Could you tell us about your mantra “Go for the run”?
MATT AMUNDSON:
On December 29th of 2017, I decided to change my lifestyle habits and decided that I’m going to run a minimum of one mile every single day. So, every day since that day I’ve got up and ran. It’s been a seminal moment where my approach on life and work has changed dramatically. And as a result of that, it’s become a personal mantra, which is to not be afraid of where you might be today. If you’ve got some lofty goals or if you want to try something new, just get out there and give it a try and see what the results of it could be. On a personal level, whether you’re physically tired or don’t feel like doing it, just give it a shot and go for it. On a professional level, if it’s something that can benefit you or your brand give it a try, go for it and see what happens.

M7: What is your favorite part about working at EverString?
MA:
I really love the people that I work with and I’ve been at the organization for about four and a half years. Some of the folks that I’ve worked with since the beginning are still here and it’s just been an awesome journey to be on with some incredible colleagues and that’s just on a personal level. On a professional level, I think we’re all solving a major problem that a lot of organizations are suffering from – which is related to data. As a marketer who has existed in the mar tech space for the broader part of my career, we often think of our process improvements and workflow improvements to gain more efficiency. Whether that’s marketing automation system or a cool new technology like conversational AI most people fall into two camps when it comes to data, either they’re just not conscious of data or they are. The data that they purchase or the data they acquire ultimately powers everything they do from a marketing perspective or they’re used to the status quo of current data providers that provide low quality of data and are sort of mired in the “well I guess that’s the way it is and that’s just the quality level that I have to deal with”. The fact that we’re changing that for some of the world’s biggest brands like Capital One, FedEx, Staples, Autodesk, Oracle as well as the smaller brands is really exciting to me.


"The world’s largest businesses do really large contracts with much bigger deals because they are so data focused and we can provide not only the data but also data science to go along with that."

M7: How does EverString’s data platform stand out from the rest in delivering high coverage as well as accuracy for data vendors?
MA:
The high-quality of our data lies in the way that we collect data versus the way that traditional data vendors collect. The traditional route for collecting data is by using a couple of different ways, but the most traditional would be to have a call from somewhere where people are just dialing into an organization and asking them for data about their companies. That’s problematic for a lot of reasons, one being – you’re essentially relying on people to give you accurate answers to the frequency at which you’re updating. This is fairly sparse because you’re not always going to get a hold of somebody as businesses are changing.

The way EverString does it is by taking a more digital approach to it – we use machine learning and artificial intelligence not only to go out and scrape and collect data and update that data on a monthly basis but we also use artificial intelligence to say, if these companies are similar, the likelihood that they have the same attributes or technology or number of sales employees or engineering employees is probably true as well. So, we’re able to predict that type of data and then feed it back through people to go in and verify. So essentially, we’re able to collect data on a much broader set of companies in a much faster fashion and we’re able to update that data much more frequently than any of our competitors. 

M7: What marketing channels do you use and which ones do you see as the most promising given your target customers?
MA:
We have a fairly small marketing department; we only have five people on the team. But I think the team that we have here is very efficient, and the channels that we generally lean into are the traditional channels of email, digital marketing through both PPC display advertising as well as using platforms like LinkedIn and Facebook which have actually been successful for us.

One of the things that we do is we’re very heavy direct mail marketers and we’ve found a lot of efficiency gain from that. We’re also very well–known for doing really great events, we did a party at Marketo summit in 2016 that had about 3000 people there and luckily, we had Will Smith as the keynote presenter from Marketo summit come and perform in the party. So, that was an amazing event that we’ve been very well known for.


"There’s just a lot of in accuracy and incompleteness in data so modelling that data to try to predict outcomes is problematic."

M7: Since you joined the company EverString in 2015, what paradigm shift do you see in the company today?
MA:
 In the early days of the business we really focused on being primarily a data science company where we wanted to roll out our customer’s data to essentially model and predict outcomes. And the problem with that was a lot of what I talked about at the top of our conversation. There’s just a lot of inaccuracy and incompleteness in data so modelling that data to try to predict outcomes was problematic. And what we realized three years ago was we couldn’t just be a data science company we also had to be a data company and so we set out on this journey to become the data company and realistically about 18 months ago we saw the fruit of that work. For about the last six quarters we’ve been able to go into some of the world’s largest businesses and do really large contracts with much bigger deals because they are so data focused and we can provide not only the data but also data science to go along with that. So, it’s not just that they consume raw data from us but also let us use our own internal data science capabilities to make sense of that data to help marketers do better segmentation, for sales people to have better insights into why they should be reaching out to an account when they should be reaching out to an operations teams to be able to provide their go-to-market teams with just a much higher quality of data.



"Everstring makes sense of data to help marketers do better segmentation and for sales people to have better insights into why they should be reaching out to an account or operations teams."

M7: How old were you when you had your first paying job?
MA:
 I think I was about 10 years old and I fall into like the fairly regular category of a lot of people that I know in the professional world who began their careers as adolescents with a paper route. So, I was like the neighborhood paperboy for a number of years and that was interesting because that taught me a lot of lessons and how to ask people for money which is fairly difficult. It also taught me discipline and building routines and processes around making sure you get up early making sure papers are delivered on time. So, it was a great learning lesson for me. I didn’t necessarily think about it in the time I just kind of thought about the 50 bucks a month that I was getting to go spend on candy and toys.

ABOUT EVERSTRING

EverString’s AI SaaS solution is designed for B2B sales and marketing professionals to drive pipeline growth, help close new customers, expand into new markets, prioritize accounts, and provide actionable insights – all without the need for an administrator.

EverString is backed by leading investors including Lightspeed Venture Partners, Sequoia Capital, IDG Ventures and Lakestar. For more information, visit www.everstring.com.

More THOUGHT LEADERS

"It’s time to raise the bar on automotive safety," says Aaron Jefferson Vice President of Product at Luminar Technologies

Media 7 | June 6, 2022

Aaron Jefferson, Luminar Technologies' Vice President of Product, discusses a new era of next-generation vehicle safety and autonomous capabilities for production vehicles. Continue reading to learn more about the global automotive game-changer OEMs....

Read More

Q&A with Sri Gopinath, Director of Global Procurement Strategy at Schneider Electric

MEDIA 7 | July 1, 2020

Sri Gopinath, Director of Global Procurement Strategy at Schneider Electric is a senior procurement leader with in-depth knowledge of global strategic sourcing and comprehensive experience in business strategy, transformation and change management. Sri leads the Procurement Strategy function for Schneider Electric globally with responsibilities for Supply Base Management, Relationship Programs, Category Strategy and Business Transformation initiatives. He previously managed an internal business transformation team within Nissan and led a special assignment for the President of Nissan Brazil to enable business expansion in that market. MEDIA 7: What do you look forward to most when you get up in the morning? SRI GOPINATH: I look forward to making a difference – I have been very fortunate to be able to have gained professional experiences internationally, in many diverse industries and create value for my employers and customers. As part of the procurement and supply chain community, our business and macroeconomic environment is always changing. It greatly motivates me to think about how strategies can be translated into meaningful actions to create value for our customers and stakeholders. No two days are the same, and this makes me excited to contemplate new possibilities each day. Further, I enjoy interacting with talented people in procurement and supply chain and contributing to their career aspirations and development.  I never run out of opportunities! M7: Could you tell me a little about yourself and what led you to your position as Procurement Strategy Director at Schneider Electric? SG: It would be helpful if I connected my career evolution to how I came to Schneider Electric. I came here 5 years ago after gaining valuable experience in leading companies like Nissan Motor Company, Motorola and in management consulting. By working with many talented and senior executives from many leading companies, I learned about best practices and how to understand the CEO perspective early in my career. I then discovered my passion – how to enable boardroom strategies and to be able to make it real and achieve tangible results. Schneider Electric offered me the opportunity to apply my skills in a global organization, interact with people from many countries while driving strategic transformation and change. Most importantly I really connected with the people who share my passion and desire for results. As a case in point, Schneider Electric was ranked #34 in Gartner’s Annual Supply Chain ranking in 2015 and in 2020 we have achieved the #4 position! That is an amazing accomplishment in such a short period of time, and it is rewarding for me to have contributed to that effort. ...

Read More

Q&A with Maliha Aqeel, Director of Global Communications at Fix Network World

MEDIA 7 | January 16, 2020

Maliha Aqeel, Director of Global Communications at Fix Network World is an award-winning, communication and marketing professional who helps companies harness the power of their brand to drive engagement and achieve measurable business results.  She has developed and led content and marcomm programs for B2B companies in the financial and professional services sectors in her over 15 years of industry experience. MEDIA 7: When did you start working and what was it? MALIHA AQEEL: I started my career in 1996 right after high school, freelancing as a journalist and features writer for a magazine in Dubai, UAE. Over time, I expanded my services to include scriptwriting for corporate videos and TV productions, writing and designing client newsletters and promotional collateral. M7: What made you want to pursue a career in branding and marketing communications? What aspect about your role brings you the most joy? MA: I didn’t consciously decide to pursue a career in marketing and communication as my plan was to become a filmmaker. However, I had great curiosity about what makes people prefer one brand over the other when a feature-by-feature comparison didn’t show a huge difference between similar products or services. I had taken a few advertising courses during university and it broadened my understanding of how powerful brand experiences and storytelling can drive business objectives. That balance of strategy and creativity is what I enjoy most about what I do and why I’ve continued to find purpose in my career. ...

Read More

"It’s time to raise the bar on automotive safety," says Aaron Jefferson Vice President of Product at Luminar Technologies

Media 7 | June 6, 2022

Aaron Jefferson, Luminar Technologies' Vice President of Product, discusses a new era of next-generation vehicle safety and autonomous capabilities for production vehicles. Continue reading to learn more about the global automotive game-changer OEMs....

Read More

Q&A with Sri Gopinath, Director of Global Procurement Strategy at Schneider Electric

MEDIA 7 | July 1, 2020

Sri Gopinath, Director of Global Procurement Strategy at Schneider Electric is a senior procurement leader with in-depth knowledge of global strategic sourcing and comprehensive experience in business strategy, transformation and change management. Sri leads the Procurement Strategy function for Schneider Electric globally with responsibilities for Supply Base Management, Relationship Programs, Category Strategy and Business Transformation initiatives. He previously managed an internal business transformation team within Nissan and led a special assignment for the President of Nissan Brazil to enable business expansion in that market. MEDIA 7: What do you look forward to most when you get up in the morning? SRI GOPINATH: I look forward to making a difference – I have been very fortunate to be able to have gained professional experiences internationally, in many diverse industries and create value for my employers and customers. As part of the procurement and supply chain community, our business and macroeconomic environment is always changing. It greatly motivates me to think about how strategies can be translated into meaningful actions to create value for our customers and stakeholders. No two days are the same, and this makes me excited to contemplate new possibilities each day. Further, I enjoy interacting with talented people in procurement and supply chain and contributing to their career aspirations and development.  I never run out of opportunities! M7: Could you tell me a little about yourself and what led you to your position as Procurement Strategy Director at Schneider Electric? SG: It would be helpful if I connected my career evolution to how I came to Schneider Electric. I came here 5 years ago after gaining valuable experience in leading companies like Nissan Motor Company, Motorola and in management consulting. By working with many talented and senior executives from many leading companies, I learned about best practices and how to understand the CEO perspective early in my career. I then discovered my passion – how to enable boardroom strategies and to be able to make it real and achieve tangible results. Schneider Electric offered me the opportunity to apply my skills in a global organization, interact with people from many countries while driving strategic transformation and change. Most importantly I really connected with the people who share my passion and desire for results. As a case in point, Schneider Electric was ranked #34 in Gartner’s Annual Supply Chain ranking in 2015 and in 2020 we have achieved the #4 position! That is an amazing accomplishment in such a short period of time, and it is rewarding for me to have contributed to that effort. ...

Read More

Q&A with Maliha Aqeel, Director of Global Communications at Fix Network World

MEDIA 7 | January 16, 2020

Maliha Aqeel, Director of Global Communications at Fix Network World is an award-winning, communication and marketing professional who helps companies harness the power of their brand to drive engagement and achieve measurable business results.  She has developed and led content and marcomm programs for B2B companies in the financial and professional services sectors in her over 15 years of industry experience. MEDIA 7: When did you start working and what was it? MALIHA AQEEL: I started my career in 1996 right after high school, freelancing as a journalist and features writer for a magazine in Dubai, UAE. Over time, I expanded my services to include scriptwriting for corporate videos and TV productions, writing and designing client newsletters and promotional collateral. M7: What made you want to pursue a career in branding and marketing communications? What aspect about your role brings you the most joy? MA: I didn’t consciously decide to pursue a career in marketing and communication as my plan was to become a filmmaker. However, I had great curiosity about what makes people prefer one brand over the other when a feature-by-feature comparison didn’t show a huge difference between similar products or services. I had taken a few advertising courses during university and it broadened my understanding of how powerful brand experiences and storytelling can drive business objectives. That balance of strategy and creativity is what I enjoy most about what I do and why I’ve continued to find purpose in my career. ...

Read More

Related News

SUPPLY CHAIN

CMA CGM Launching New Early Container Return Incentive to Increase Supply Chain Velocity and Help Shippers Offset Carbon Footprint

CMA CGM | September 30, 2022

The CMA CGM Group, a global player in sea, land, air and logistics solutions, announced the launch of TEUs to Trees, an early container return incentive program designed to increase climate change mitigation in the United States while assisting in the overall effort to improve both the fluidity and velocity of the supply chain. The program will be in effect from October 1, 2022, to December 30, 2022. A Group dedicated to reducing carbon emissions and promoting sustainable operations This new incentive program is an opportunity to reward customers for doing their part to increase equipment availability while also helping them offset their environmental footprint. The carbon credits CMA CGM will purchase on behalf of its customers will notably be used to expand U.S. forestry, support urban resilience projects in vulnerable communities and drive the creation of additional offset projects in the United States. Through this program, the Group also aims to partner with its customers and move forward together towards a more sustainable shipping. In order to increase impact, CMA CGM has also expanded this new early container return incentive to cover both refrigerated and dry containers as well as every U.S. ocean terminal where CMA CGM receives empty containers. This enables shippers of all sizes and locations to offset carbon emissions and positively contribute to socio-environmental projects in the United States. A continued effort to improve supply chain velocity in the United States With a thriving global economy, the shipping industry has experienced an unprecedented spike in demand throughout North America, leading to increased pressure on capacity and ports. Throughout the surge, CMA CGM has leveraged its extensive capabilities that include sea, land, air, and logistics services to provide an array of flexible transport solutions to assist customers. The company has also increased capacity and made significant investments in equipment. In addition, CMA CGM was the first to freeze spot rates, and in March of this year, the Group dedicated vessel capacity to small and medium enterprises in both Europe and North America at rates typically only provided to high-volume shippers. This newly launched incentive program is the third implemented by CMA CGM to encourage early pickup and return of containers. An innovative program with positive socio-environmental impact CMA CGM's new incentive program is projected to result in forest conservation and urban resilience projects in some of the United States' most vulnerable communities.Credits will be provided to CMA CGM customers that return both dry and refrigerated containers originating from nearly 20 Asian countries to CMA CGM-approved return locations in port cities throughout the United States (rail ramps not included). Throughout the program, each applicable importer of record (consignee listed on the Bill of Lading) will receive, 2.5 tons of carbon credits per container returned during calendar days 1–4. To calculate the credit, CMA CGM will utilize EDI transaction data and will not require invoices or additional documentation from customers. A progress report every 30 days. At the end of the program, customers will be issued an official carbon offset certificate for total credits earned. Solutions designed to accelerate the energy transition of shipping and logistics The CMA CGM Group has pledged to be Net Zero Carbon by 2050 and, as a result, has implemented a very focused decarbonization strategy. USD 1.5 billion Special Fund for Energies: The CMA CGM Group announced earlier this month that it is creating a USD1.5 billion Special Fund for Energies to accelerate its energy transition. The Fund will be structured around four lines of focus: Supporting the development and production of renewable fuels; Accelerating the decarbonization of port terminals, warehouses, and truck fleets; Supporting, testing and launching projects at the cutting edge of innovation; and pursuing energy savings and improving the energy efficiency of CMA CGM employee working methods and daily mobility. E-methane Ready Fleet: In 2017, CMA CGM was the first to invest in dual-fuel vessels that currently run on Liquefied Natural Gas (LNG). The engines installed on these vessels are already compatible with biomethane and e-methane. Currently the Group has 31 "e-methane ready" vessels in service and will have a total of 77 by 2026. Alternative Energy Investments: The Group is investing in a variety of projects designed to accelerate the development of new energies. CMA CGM recently joined the Jupiter 1000 Project, which aims to produce e-methane using green hydrogen generated from sustainable electricity and CO2 captured from industrial processes. CMA CGM also announced in July 2022 with Engie, a global leader in low-carbon energy and services, plans to co-invest in the Salamander project, the first industrial and commercial unit for second-generation biomethane production. Bunkering Infrastructure: To support the growth of an e-methane ready fleet, the CMA CGM Group is also helping develop port infrastructure to support the bunkering of alternative energies. In 2021, the Group completed the very first ship-to-ship LNG simultaneous bunkering operation at the Port of Shanghai, which is a new milestone for the energy transition. Environmentally-focused service offerings: CMA CGM has also dedicated itself to supporting the decarbonization journey of its customers and, as a result, has developed a range of innovative services called ACT with CMA CGM+. These services enable customers to measure, analyze, reduce and offset their carbon footprint when shipping with CMA CGM. Actions to preserve and restore marine and inland biodiversity, notably towards oceans, mangroves or forests, which are strong natural carbon sinks, essential to absorb greenhouse gas such as a partnership with the Chesapeake Bay Foundation in Maryland and Virginia to plant millions of juvenile oysters on newly constructed reefs to preserve water quality and biodiversity, and the Reef Recovery program with five coral nurseries worldwide, including one in Florida. CMA CGM also partners with the Woods Hole Oceanographic Institution to increase protection of the North Atlantic Right Whale, and recently launched two passive acoustic monitoring buoys off the coast of Norfolk, Virginia, and Savannah, Georgia. "Our newest incentive program is a perfect example of our continual quest to create innovative solutions that result in BETTER WAYS of doing business. Encouraging customers to return boxes sooner provides additional containers and chassis for export bookings, and the type of incentive we are offering will result in the formation of new socio-environmental projects right here in the United States. It is our hope that through this program, others in the industry will be inspired to leverage their capabilities to positively impact the environment and our local communities." -Ed Aldridge, President of CMA CGM America and American President Lines About CMA CGM Led by Rodolphe Saadé, the CMA CGM Group, a global player in sea, land, air and logistics solutions, serves more than 420 ports around the world across 5 continents, with a fleet of 583 vessels. The Group transported 22 million TEU containers (twenty-foot equivalent units) in 2021. With its subsidiary CEVA Logistics, a global logistics player which transported 474,000 tons of air cargo and more than 21 million tons of inland freight, and its air cargo division CMA CGM AIR CARGO, the CMA CGM Group is constantly innovating to provide customers a comprehensive and increasingly efficient offering, thanks to new shipping, inland, air freight and logistics solutions. Firmly committed to the energy transition in shipping and a pioneer in its use of alternative fuels, the CMA CGM Group has set a Net Zero-Carbon target for 2050. Each year, via the CMA CGM Foundation, the Group supports thousands of children as part of its efforts to promote education for all and equal opportunities. The CMA CGM Foundation also intervenes in humanitarian crises requiring an emergency response by calling on the Group's shipping and logistics expertise to deliver humanitarian supplies around the world. Present in 160 countries through its network of more than 400 offices and 750 warehouses, the Group employs 150,000 people worldwide, including 2,900 in Marseille where its head office is located. In the United States, CMA CGM, which is headquartered in Norfolk, Va., employs more than 22,000 people. Its subsidiary, American President Lines (APL), operates a fleet of U.S.-flagged vessels and supports U.S. territories and American military stationed around the world.

Read More

FREIGHT

Telegraph Partners With Watco To Streamline Rail Logistics

Telegraph | September 27, 2022

Telegraph, a Chicago-based startup building next-generation software for the freight rail industry, and Watco, a highly diversified transportation company, recently announced their new collaboration. The combination of Watco's decades of rail logistics experience and Telegraph software is helping shippers solve their toughest logistics challenges, especially rail transportation. The enhanced technology provides customers visibility of their railcars beyond Watco facilities or tracks. "We recognized a distinct need for software designed for the rail-centric supply chain,The industry presents unique challenges that this collaboration allows us to address. Together, we're making rail a more compelling option for shippers." -Telegraph co-founder Shachar Astor. Telegraph helps railroads, shippers, logistics providers, and railcar lessors work more efficiently via a singular platform. The company uplevels the consumer experience, making it easier for businesses to incorporate rail into their procurement and execution processes. Telegraph's tool helps us be more effective and efficient so we can focus on solving common rail issues for our customers. It is quick, it is easy, it is powerful," said Watco Vice President of Logistics Sales Michelle Bowling. "We help our customers keep their freight moving and provide cost-saving opportunities such as rate negotiations and demurrage risk mitigation. Telegraph provides exceptional predictability and visibility for carload and intermodal shipments. Leveraging EDI, API, and telematics integrations, the platform delivers best-in-class forecastability and pipeline management. To date, the company has saved customers thousands of hours in manual work and millions of dollars in accessorial charges. It's a pleasure to build alongside the team at Watco. Both organizations share an operational grit and customer focus that has unlocked immense value. We're excited about our shared pursuit of making it easier for everyone to incorporate rail into their supply chain, added Telegraph CEO Harris Ligon. About Telegraph Telegraph provides a cloud-based operating system for railroads, shippers, logistics service providers, and railcar leasing companies. With an innovative platform that provides price transparency, shipment visibility, and proactive business intelligence, Telegraph empowers customers and makes shipping by rail easier and more effective. For details, visit www.telegraph.io About Watco Watco is a leading transportation service and logistics company that provides transportation, material handling and warehousing, logistics, railcar repair, and design and development for customers throughout North America and Australia. For details, visit www.watco.com

Read More

SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN

Everstream Analytics and CAMELOT Join Forces to Streamline Supply Chain Regulatory Compliance and Risk Management

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/.

Read More

SUPPLY CHAIN

CMA CGM Launching New Early Container Return Incentive to Increase Supply Chain Velocity and Help Shippers Offset Carbon Footprint

CMA CGM | September 30, 2022

The CMA CGM Group, a global player in sea, land, air and logistics solutions, announced the launch of TEUs to Trees, an early container return incentive program designed to increase climate change mitigation in the United States while assisting in the overall effort to improve both the fluidity and velocity of the supply chain. The program will be in effect from October 1, 2022, to December 30, 2022. A Group dedicated to reducing carbon emissions and promoting sustainable operations This new incentive program is an opportunity to reward customers for doing their part to increase equipment availability while also helping them offset their environmental footprint. The carbon credits CMA CGM will purchase on behalf of its customers will notably be used to expand U.S. forestry, support urban resilience projects in vulnerable communities and drive the creation of additional offset projects in the United States. Through this program, the Group also aims to partner with its customers and move forward together towards a more sustainable shipping. In order to increase impact, CMA CGM has also expanded this new early container return incentive to cover both refrigerated and dry containers as well as every U.S. ocean terminal where CMA CGM receives empty containers. This enables shippers of all sizes and locations to offset carbon emissions and positively contribute to socio-environmental projects in the United States. A continued effort to improve supply chain velocity in the United States With a thriving global economy, the shipping industry has experienced an unprecedented spike in demand throughout North America, leading to increased pressure on capacity and ports. Throughout the surge, CMA CGM has leveraged its extensive capabilities that include sea, land, air, and logistics services to provide an array of flexible transport solutions to assist customers. The company has also increased capacity and made significant investments in equipment. In addition, CMA CGM was the first to freeze spot rates, and in March of this year, the Group dedicated vessel capacity to small and medium enterprises in both Europe and North America at rates typically only provided to high-volume shippers. This newly launched incentive program is the third implemented by CMA CGM to encourage early pickup and return of containers. An innovative program with positive socio-environmental impact CMA CGM's new incentive program is projected to result in forest conservation and urban resilience projects in some of the United States' most vulnerable communities.Credits will be provided to CMA CGM customers that return both dry and refrigerated containers originating from nearly 20 Asian countries to CMA CGM-approved return locations in port cities throughout the United States (rail ramps not included). Throughout the program, each applicable importer of record (consignee listed on the Bill of Lading) will receive, 2.5 tons of carbon credits per container returned during calendar days 1–4. To calculate the credit, CMA CGM will utilize EDI transaction data and will not require invoices or additional documentation from customers. A progress report every 30 days. At the end of the program, customers will be issued an official carbon offset certificate for total credits earned. Solutions designed to accelerate the energy transition of shipping and logistics The CMA CGM Group has pledged to be Net Zero Carbon by 2050 and, as a result, has implemented a very focused decarbonization strategy. USD 1.5 billion Special Fund for Energies: The CMA CGM Group announced earlier this month that it is creating a USD1.5 billion Special Fund for Energies to accelerate its energy transition. The Fund will be structured around four lines of focus: Supporting the development and production of renewable fuels; Accelerating the decarbonization of port terminals, warehouses, and truck fleets; Supporting, testing and launching projects at the cutting edge of innovation; and pursuing energy savings and improving the energy efficiency of CMA CGM employee working methods and daily mobility. E-methane Ready Fleet: In 2017, CMA CGM was the first to invest in dual-fuel vessels that currently run on Liquefied Natural Gas (LNG). The engines installed on these vessels are already compatible with biomethane and e-methane. Currently the Group has 31 "e-methane ready" vessels in service and will have a total of 77 by 2026. Alternative Energy Investments: The Group is investing in a variety of projects designed to accelerate the development of new energies. CMA CGM recently joined the Jupiter 1000 Project, which aims to produce e-methane using green hydrogen generated from sustainable electricity and CO2 captured from industrial processes. CMA CGM also announced in July 2022 with Engie, a global leader in low-carbon energy and services, plans to co-invest in the Salamander project, the first industrial and commercial unit for second-generation biomethane production. Bunkering Infrastructure: To support the growth of an e-methane ready fleet, the CMA CGM Group is also helping develop port infrastructure to support the bunkering of alternative energies. In 2021, the Group completed the very first ship-to-ship LNG simultaneous bunkering operation at the Port of Shanghai, which is a new milestone for the energy transition. Environmentally-focused service offerings: CMA CGM has also dedicated itself to supporting the decarbonization journey of its customers and, as a result, has developed a range of innovative services called ACT with CMA CGM+. These services enable customers to measure, analyze, reduce and offset their carbon footprint when shipping with CMA CGM. Actions to preserve and restore marine and inland biodiversity, notably towards oceans, mangroves or forests, which are strong natural carbon sinks, essential to absorb greenhouse gas such as a partnership with the Chesapeake Bay Foundation in Maryland and Virginia to plant millions of juvenile oysters on newly constructed reefs to preserve water quality and biodiversity, and the Reef Recovery program with five coral nurseries worldwide, including one in Florida. CMA CGM also partners with the Woods Hole Oceanographic Institution to increase protection of the North Atlantic Right Whale, and recently launched two passive acoustic monitoring buoys off the coast of Norfolk, Virginia, and Savannah, Georgia. "Our newest incentive program is a perfect example of our continual quest to create innovative solutions that result in BETTER WAYS of doing business. Encouraging customers to return boxes sooner provides additional containers and chassis for export bookings, and the type of incentive we are offering will result in the formation of new socio-environmental projects right here in the United States. It is our hope that through this program, others in the industry will be inspired to leverage their capabilities to positively impact the environment and our local communities." -Ed Aldridge, President of CMA CGM America and American President Lines About CMA CGM Led by Rodolphe Saadé, the CMA CGM Group, a global player in sea, land, air and logistics solutions, serves more than 420 ports around the world across 5 continents, with a fleet of 583 vessels. The Group transported 22 million TEU containers (twenty-foot equivalent units) in 2021. With its subsidiary CEVA Logistics, a global logistics player which transported 474,000 tons of air cargo and more than 21 million tons of inland freight, and its air cargo division CMA CGM AIR CARGO, the CMA CGM Group is constantly innovating to provide customers a comprehensive and increasingly efficient offering, thanks to new shipping, inland, air freight and logistics solutions. Firmly committed to the energy transition in shipping and a pioneer in its use of alternative fuels, the CMA CGM Group has set a Net Zero-Carbon target for 2050. Each year, via the CMA CGM Foundation, the Group supports thousands of children as part of its efforts to promote education for all and equal opportunities. The CMA CGM Foundation also intervenes in humanitarian crises requiring an emergency response by calling on the Group's shipping and logistics expertise to deliver humanitarian supplies around the world. Present in 160 countries through its network of more than 400 offices and 750 warehouses, the Group employs 150,000 people worldwide, including 2,900 in Marseille where its head office is located. In the United States, CMA CGM, which is headquartered in Norfolk, Va., employs more than 22,000 people. Its subsidiary, American President Lines (APL), operates a fleet of U.S.-flagged vessels and supports U.S. territories and American military stationed around the world.

Read More

FREIGHT

Telegraph Partners With Watco To Streamline Rail Logistics

Telegraph | September 27, 2022

Telegraph, a Chicago-based startup building next-generation software for the freight rail industry, and Watco, a highly diversified transportation company, recently announced their new collaboration. The combination of Watco's decades of rail logistics experience and Telegraph software is helping shippers solve their toughest logistics challenges, especially rail transportation. The enhanced technology provides customers visibility of their railcars beyond Watco facilities or tracks. "We recognized a distinct need for software designed for the rail-centric supply chain,The industry presents unique challenges that this collaboration allows us to address. Together, we're making rail a more compelling option for shippers." -Telegraph co-founder Shachar Astor. Telegraph helps railroads, shippers, logistics providers, and railcar lessors work more efficiently via a singular platform. The company uplevels the consumer experience, making it easier for businesses to incorporate rail into their procurement and execution processes. Telegraph's tool helps us be more effective and efficient so we can focus on solving common rail issues for our customers. It is quick, it is easy, it is powerful," said Watco Vice President of Logistics Sales Michelle Bowling. "We help our customers keep their freight moving and provide cost-saving opportunities such as rate negotiations and demurrage risk mitigation. Telegraph provides exceptional predictability and visibility for carload and intermodal shipments. Leveraging EDI, API, and telematics integrations, the platform delivers best-in-class forecastability and pipeline management. To date, the company has saved customers thousands of hours in manual work and millions of dollars in accessorial charges. It's a pleasure to build alongside the team at Watco. Both organizations share an operational grit and customer focus that has unlocked immense value. We're excited about our shared pursuit of making it easier for everyone to incorporate rail into their supply chain, added Telegraph CEO Harris Ligon. About Telegraph Telegraph provides a cloud-based operating system for railroads, shippers, logistics service providers, and railcar leasing companies. With an innovative platform that provides price transparency, shipment visibility, and proactive business intelligence, Telegraph empowers customers and makes shipping by rail easier and more effective. For details, visit www.telegraph.io About Watco Watco is a leading transportation service and logistics company that provides transportation, material handling and warehousing, logistics, railcar repair, and design and development for customers throughout North America and Australia. For details, visit www.watco.com

Read More

SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN

Everstream Analytics and CAMELOT Join Forces to Streamline Supply Chain Regulatory Compliance and Risk Management

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/.

Read More

Spotlight

Everstring

EverString’s AI SaaS solution is designed for B2B sales and marketing professionals to drive pipeline growth, help close new customers, expand into new markets, prioritize accounts, and provide actionable insights – all without the need for an administrator. EverString is backed by leading investors...

Events

Resources