Supply Chain
Ryder System, Inc | September 27, 2023
Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions, announces it is named among the Top 10 3PLs in the 2023 Readers’ Choice Excellence Awards by Inbound Logistics for the second consecutive year. Considering nearly 12,500 votes cast by supply chain decision-makers from some of the world’s best-known brands, the Inbound Logistics audience shortlists the top ten 3PLs they trust most to solve supply chain challenges.
“World-class 3PLs offer innovative and efficient ways to wring every ounce of productivity from enterprise operations,” says Felecia Stratton, editor of Inbound Logistics. “We’re pleased to recognize Ryder for making the investment in the solutions and expertise that empowered logistics, supply chain, and transportation excellence for customers in 2023.”
To fully optimize supply chain and transportation networks, Ryder continues to build on $1.3 billion in strategic investments it has made over the past five years to develop, acquire, and invest in innovative customer-facing technologies, products, and services.
In August, the company announced the establishment of Baton, A Ryder Technology Lab based out of Silicon Valley. Led by some of the brightest minds from the world’s most respected tech firms and learning institutions, the lab’s first mission is to create a first-of-its-kind, AI-powered digital platform and optimization engine that facilitates a new, integrated approach to managing transportation networks for customers where seasonality and fluctuating demand inhibit the continuous use of resources.
In July, Ryder rolled out Torque by Ryder™, a first-of-its-kind retail mobile maintenance service that fleet owners can access via desktop, smartphone, or tablet to schedule, receive, track, and pay for mobile maintenance solutions at their place of business – all without a contract.
And, in May, Ryder announced RyderElectric+™, a turnkey solution to help customers navigate the electric vehicle landscape, inclusive of developing a transition roadmap with electrification advisors, vehicles, charging, telematics, and maintenance. In addition, Ryder announced plans to introduce up to 4,000 BrightDrop electric vans to its lease and rental fleet through 2025.
“By strategically investing in and piloting new technologies, Ryder is uniquely positioned to ensure our customers have access to the innovations that will keep their supply chain and transportation networks ahead of the curve in an ever-evolving environment – and, just as importantly, access to implementation expertise as well as data scientists to turn analytics into actionable insights,” says Karen Jones, chief marketing officer and head of new product innovation for Ryder. “We strive each and every day to ensure our customers can deliver on their promises to their customers, so to be recognized for that in such a prestigious way is priceless.”
As a fully integrated port-to-door transportation and supply chain logistics provider, Ryder provides supply chain, dedicated transportation, and fleet management solutions to some of the world’s most recognizable brands representing more than 20 industries. By combining cutting-edge technology and business intelligence tools with nearly 90 years of operational know-how, Ryder custom-engineers solutions around its customers’ operations rather than trying to fit them into a one-size-fits-all formula.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmental stewardship, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce.
About Inbound Logistics
Inbound Logistics, the demand-driven logistics magazine, is the leading multi-channel content provider targeted toward business logistics and supply chain managers. Inbound Logistics’ mission is to provide the information and solutions enabling companies of all sizes to become demand-driven enterprises by speeding and reducing inventory and supporting infrastructure, and better matching demand signals to supply.
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Supply Chain
prnewswire | September 29, 2023
As companies continue to wrestle with supply chain risks jeopardizing their business-critical revenue streams, Coupa Software, a leader in Business Spend Management (BSM), today announced a new solution to improve supply assurance and business continuity.
Coupa's Supply Chain Collaboration empowers companies to avoid risk while driving profitability, increasing agility, and improving communication between buyers and suppliers. Coupa's unified platform drives agility, transparency, and resiliency across supply chains, so products and materials are where and when they're needed.
This new solution creates better collaboration between teams and suppliers and provides the ability to quickly assess sourcing alternatives and balance trade-offs ranging from changes to delivery dates to item quantity.
"Ensuring supply chain continuity is a top priority for businesses everywhere. We heard from companies around the globe that existing market solutions for supply chain collaboration were falling down. Forcing companies to resort to spreadsheets and emails to track critical supply that would keep factories running and retail stores operating," said Raja Hammoud, executive vice president of products at Coupa. "Those days are over. Coupa Supply Chain Collaboration was co-innovated with the world's leading supply chain companies to deliver modern, consumerized experiences and effortless collaboration between businesses and all their trading partners."
Coupa's new Supply Chain Collaboration Suite will help businesses with purchasing, forecasting, inventory, and quality control as the suite expands. Key benefits available today include:
Streamlined Communication: Through real-time communication supply chain planners and suppliers can easily share instant updates to quality, price, delivery dates, and more to avoid unwanted surprises or delays.
Intuitive, Unified Approach: Integrates with ERP, MRP, and Supply Chain Planning solutions to provide a connected, unified view to all suppliers/trading partners and buyers.
Improved Working Capital: With more predictable operations, businesses can reduce inventory carrying costs and minimize carrying excess capacity due to unplanned downtime to better optimize working capital through a single platform for direct and indirect spend.
Increased Agility: With real-time notifications and alerts, businesses can act smarter and faster to resolve issues for direct materials without time-consuming, error-prone manual reviews.
"Supply chains are highly complex and current collaboration technologies aren't always easy to use, leaving many businesses no choice but to rely on manual approaches and phone calls," said Simon Ellis, Group VP at IDC. "Seamless collaboration is critical to effective supply chain management and resiliency. Organizations need full visibility into both their suppliers' operations and their own, as well as a simple method for working together. Coupa has a history of prioritizing user adoption with easy-to-use tools to drive efficiencies and savings and this suite is no different."
Purchase Order (PO) Collaboration, the first component of the solution that is now generally available, ensures supply assurance by providing bidirectional visibility into POs for planners and suppliers. Suppliers can confirm quantities, prices, and promise dates at a line-item level. This ensures buyers and suppliers have accurate, real-time information while automatically communicating any necessary actions. The entire purchase order lifecycle from PO generation to advanced shipping notice to receipt of goods is managed through Coupa's platform.
About Coupa Software
Coupa is the cloud-based Business Spend Management (BSM) platform that unifies processes across supply chain, procurement, and finance functions. Coupa empowers organizations around the world to maximize value and operationalize purpose through their business spend.
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Supply Chain
Interos | September 22, 2023
Interos, the AI-first operational resilience company, has introduced an innovative solution, Catastrophic Risk visualization and monitoring. This technology takes a proactive approach to supply chain resilience by allowing organizations to pre-plan months in advance, strategically mitigating the potential impact of a wide range of catastrophic risks, from hurricanes and wildfires to grid failures and disease outbreaks. This significant announcement from Interos comes at a pivotal moment, marked by an alarming increase in climate-related disasters, resulting in substantial financial losses and human impact.
In the United States and globally, 23 billion-dollar disasters total $57.6 billion in losses, as reported by NOAA.
Interos' groundbreaking technology addresses the financial aspect and aims to protect lives by shifting enterprises from lagging to leading indicators. It provides early assessments of suppliers exposed to various hazards, including weather patterns, climate fluctuations, communication vulnerabilities, infrastructure challenges, and healthcare capacity constraints. By combining immediate and seasonal hazard intelligence, businesses can proactively detect and prevent seasonal disruptions and disaster-related issues within their extensive supply chains. This innovative solution establishes Interos as a key player in enhancing supply chain resilience and mitigating unanticipated disruptions.
Jennifer Bisceglie, Interos Founder & CEO at Interos, said,
"Leaders throughout industries recognize the need to take control of risk in an environment where resilience delivers competitive advantage. If you think about large-scale, multi-year programs, enterprises need the ability to project where things are going with respect to weather, inflation, energy crisis and other trends to make better-informed business decisions based on impact to their supply chains ongoing operations."
[Source – Cision PR Newswire]
Organizations lacking sub-tier supplier visibility face substantial financial consequences, incurring a collective annual loss of $45 million due to delayed catastrophe response. This figure rises to $82 million, encompassing multifaceted supplier risk factors. Interos' recent report highlights a 33% increase in disruptions since 2022, spurring enterprises to prioritize early preparedness and crisis mitigation, potentially saving $37 million annually. Interos' technology reshapes supply chain risk management by integrating proactive resilience measures, expediting critical supplier processes and ensuring comprehensive risk management at scale.
Through the continuous mapping and monitoring capabilities offered by Interos, enterprises can proactively and effectively navigate the complexities of risk, ensuring supply chain resilience is upheld at both speed and scale. Interos' transformative technology equips organizations with the tools to safeguard their supply chains in an increasingly intricate and interdependent risk environment.
About Interos
Interos is an AI-driven operational resilience company dedicated to helping clients attain Resilience by Design. Leveraging innovative scoring and relationship discovery technologies, Interos empowers customers to streamline risk assessment, detection, and response. As the world's inaugural and sole automated supplier resilience platform, Interos excels in the comprehensive mapping and monitoring of physical and digital supply chains on a grand scale. This proactive approach safeguards organizations against a spectrum of threats, encompassing regulatory violations, unethical labor practices, cyber threats, financial instability, catastrophes, and other systemic vulnerabilities.
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