Apple Pay debuts in Hong Kong with American Express, Mastercard and Visa support

Apple Express | July 19, 2016

Announced through Apple's regional website, Hong Kong is the ninth major market to net Apple Pay services after France, which just gained access to the product earlier today.At launch, users in Hong Kong can provision Mastercard and Visa credit cards offered through the Bank of China, DBS, Hang Seng Bank, HSBC and Standard Chartered. American Express is also offering integration with its own branded cards. Apple's website notes future compatibility with BEA and HKT touchless payment network Tap & Go.As announced at the Worldwide Developers Conference in June, Hong Kong boasts a huge selection of participating retailers at launch. Apple lists support from 40 major chains, including its own Apple Store locations, as well as ten apps offering day-one support for in-app Apple Pay purchases. The maturity of Hong Kong's NFC-enabled point of sale terminal network, and close integration with backend payments processors, means Apple Pay is also available at many small- to medium-sized brick-and-mortar outlets not mentioned on Apple's website.

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Her new job at Amazon is to babysit several robots at a time, troubleshooting them when necessary and making sure they have bins to load. On a recent afternoon, a claw at end of the arm grabbed a bin off a conveyor belt and stacked it on another bin, forming neat columns on wooden pallets surrounding the robot. It was the first time Amazon had shown the arm, the latest generation of robots in use at its warehouses, to a reporter.


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SUPPLY CHAIN

Mandiant and Interos Join Forces to Advance Supply Chain Cyber Risk Management

Mandiant, Inc | June 02, 2022

Mandiant, Inc. (NASDAQ: MNDT) and Interos, the fast-growing operational resilience company, announced a strategic partnership to provide advanced insights and analysis to help enterprises defend against cyber attacks and other threats to their operational resilience. The collaborative partnership is designed to bring to market new intelligence based on insights gleaned from the Interos Resilience Lab, as well as Interos’ SaaS platform, and the frontline investigations and remediations Mandiant conducts regarding high impact cyber attacks worldwideMandiant M-Trends 2022 report shows that global supply chains remain an attractive target for threat actors who seek to take advantage of trusted business-to-business relationships, as attacking the supply chain provides an opportunity to pivot from one supplier network into multiple customer networks at once. In fact, when the initial infection vector was identified, supply chain compromise accounted for 17% of intrusions investigated by Mandiant in 2021, compared to less than 1% in 2020. Further, new data from Interos’ 2022 Annual Global Supply Chain Report reveals that organizations have been impacted by on average three significant supply chain disruptions within the last 12 months (not including the Ukraine war) – costing a combined $182 million in lost revenue. Cyber attacks account for $37 million of that figure. Additionally, the overwhelming majority (91%) of executives reported that their organizations had experienced supply chain disruptions from Tier 2 and Tier 3 suppliers in their extended supply chain. “Interos is focused on helping organizations ensure operational resilience; continuously delivering in-depth analysis on criticality for risk, and risk management, Together with Interos, Mandiant will be able to proactively problem solve with a company that is leading the way in ensuring organizations of all sizes understand key attack vectors across supply chain, threat actors and nation state threats.” -Marshall Heilman, Chief Technology Officer, Mandiant The partnership announcement follows a recent alert from the Cybersecurity and Infrastructure Security Agency (CISA) warning of an increase in malicious cyber activity targeting managed service providers (MSPs). The advisory also recommended MSPs to understand and proactively manage their supply chain risk. “The CISA warning is more evidence that existing supply chain risk management systems were not designed for today’s complex risk environment, Our collaboration with Mandiant will provide multi-factor risk intelligence to help commercial and government organizations better protect targeted entities in their third-party relationships to insulate them from disruption, ransomware, and IP theft. We’re proud to partner with Mandiant to help leaders discover hidden business relationships and exposure to cyber vulnerabilities.” -Nishant Gupta, Chief Technology Officer, Interos About Mandiant, Inc. Since 2004, Mandiant has been a trusted partner to security-conscious organizations. Effective security is based on the right combination of expertise, intelligence, and adaptive technology, and the Mandiant Advantage SaaS platform scales decades of frontline experience and industry-leading threat intelligence to deliver a range of dynamic cyber defense solutions. Mandiant’s approach helps organizations develop more effective and efficient cyber security programs and instills confidence in their readiness to defend against and respond to cyber threats. Join the conversation. Follow us on Twitter, LinkedIn, Facebook, and YouTube. Mandiant is a registered trademark of Mandiant, Inc. in the United States and other countries. All other brands, products, or service names are or may be trademarks or service marks of their respective owners. About Interos Interos is the operational resilience company — reinventing how companies manage their supply chains and business relationships — through our breakthrough SaaS platform that uses artificial intelligence to model and transform the ecosystems of complex businesses into a living global map, down to any single supplier, anywhere. The Interos Operational Resilience Cloud helps organizations reduce risk, avoid disruptions, and achieve superior enterprise adaptability. Based in Washington, DC, the fast-growing private company is led by CEO Jennifer Bisceglie and supported by investors Kleiner Perkins, NightDragon, and Venrock. www.interos.ai.

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PROCUREMENT AND SOURCING

Taylor Announces New Service That Reduces Freight Costs and Footprint

Taylor | July 05, 2022

Taylor Corporation has introduced a new shipping and fulfillment service that reduces freight costs for customers while conserving natural resources.Taylor’s innovative PrintMerge process merges orders for print-on-demand (POD) items with orders for pre-existing warehoused items to create a single outgoing shipment. By combining orders in this fashion, Taylor is able to reduce the number of labels and cartons needed to ship customer orders. It also results in significantly lower freight costs for customers. “Until now, POD and warehoused items always shipped independently and as quickly as possible. This is ideal for speed but is not always very efficient from a shipping cost and raw materials standpoint, The PrintMerge process gives our customers the option to combine those two types of orders. Customers can reduce their freight costs and shrink their environmental footprint in a meaningful way.” -Tim Dunford, president of warehouse and distribution services for Taylor. PrintMerge is now available at Taylor’s co-located POD/distribution centers in Cranbury, N.J., Jeffersonville, Ind., and Ontario, Calif. “Of course, PrintMerge doesn’t apply to everything we do, adds Dunford. The POD and warehoused items must come out of the same facility, be going to the same destination and fit in the same shipping cartons. However, for many customers, this new service will make a real difference on the bottom line and to their sustainability initiatives. About Taylor Taylor is among the top five graphic communications companies in North America. Headquartered in North Mankato, Minn., we are a team of more than 8,000 client-driven experts with operations spanning 32 states and eight countries. We use deep industry knowledge to strengthen your customer’s brand experience, enhance business efficiency and improve bottom-line profitability.

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LOGISTICS

Red Arts Capital, Top Supply Chain and Logistics PE Firm, Acquires First-in-Class Contract Packaging Business

Coregistics | June 27, 2022

Chicago-based private equity firm, Red Arts Capital, announced the acquisition of Coregistics, an award-winning, contract packaging services provider known for its flexibility and sophisticated systems. For Red Arts Capital, the deal comes on the heels of its most recent deal, the sale of the 104 year old trucking company MME to trucking industry titan Knight-Swift, for $150M. Coregistics is a leading national provider of packing-centric supply chain solutions including package and process design, materials sourcing and procurement, contract packaging, and distribution (3PL Services). The company is based in Acworth, GA and operates out of 17 facilities across the United StatesFounded in 2011, Coregistics serves domestic customers consisting primarily of CPG, food & beverage, and service parts. The company’s top customers, many of which are household names in their respective sectors, lean on Coregistics for scalable solutions for introducing their unique products to retail. Coregistic’s services span warehousing, fulfillment, e-commerce and direct-to-DC to direct-to-retail, direct-to-consumer, parcel, freight management, and last parcel sectors. The company has eleven client-embedded locations and operates out of a footprint of nearly three million square feet across its seventeen locations. Coregistics service offering fits squarely within Red Arts’ sector focus and investment approach in the supply chain space. Red Arts utilizes a thematic-driven process to investing, and has had a thesis in the contract logistics space for a number of years. The Red Arts team believes that past success and continued growth in e-commerce will positively impact packaging services demand, and Coregistics is well positioned to provide much needed third-party logistics services in the U.S. market. Chad Strader, Co-Founder and Managing Partner of Red Arts Capital, and a seasoned supply chain industry veteran, believes the addition of Coregistics to the Red Arts portfolio will be extremely beneficial for both parties. “The Coregistics team has demonstrated an extraordinary track record of excellence in contract logistics and packaging, which we believe stems from a team and culture laser-focused on high-quality service, We believe that Coregistics’ culture uniquely positions them to benefit from the growing range of packaging needs spurred by continued e-commerce developments. We are excited to be in partnership with them.” -Chad Strader, Red Art’s Co-founder and Managing Partner. Our culture is central to everything we do and is the foundation for the best-in-class service our team provides to our customers every day,said Eric Wilhelm, Coregistics’ Chief Executive Officer. The team at Red Arts Capital shares our belief in the importance of culture, dedication to excellence and best-in-class service and we are excited to welcome them as our new partner as we continue to grow our Company. Since the firm’s inception in 2015, Red Arts Capital has been a private equity leader in supply chain and logistics investing. The firm is led by Co-founders and Managing Partners, Chad Strader and Nicholas Antoine. Since founding the firm, Chad and Nick have overseen major investments in Sunset Pacific Transportation, Radius Logistics, and now Coregistics, as well as two exited deals in Midnight Express and Midwest Motors Express. Red Arts Capital is not only a historically successful PE firm, but one of the few firms that are black-founded and black-owned. Only 12 of the projected 4,500 PE firms in the U.S. are owned by African Americans.1 Brightwood Capital Advisors provided debt financing for the transaction and Greenberg Traurig, LLP served as legal counsel for Red Arts Capital. Republic Partners served as financial advisor to Coregistics in the transaction. Red Arts Capital Based in Chicago, Illinois, Red Arts Capital is a leading investment firm focused on supply chain-related, transportation and logistics businesses. Red Arts Capital seeks to partner with and invest in privately-owned, primarily family-owned, and multi-generational businesses with solid business fundamentals and a strong track record and reputation. With sector expertise and a commitment to stewardship and excellence, Red Arts Capital’s approach earns the firm a trusted seat at the table with portfolio companies, investors and partners. For more information about Red Arts Capital, please visit ​​www.redartscapital.com.

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SOFTWARE AND TECHNOLOGY

Epicor Acquires EDI Provider Data Interchange, Expanding Global Reach in Helping Customers Drive Value in the Supply Chain

Epicor | June 08, 2022

Epicor, a global leader of industry-specific enterprise software to promote business growth, announced it has acquired Data Interchange, a UK-based provider of Electronic Data Interchange (EDI) cloud technologies and managed services. The Data Interchange acquisition expands the reach of Epicor in European markets and adds to the company’s portfolio of B2B integration technologies, empowering customers to connect businesses and trading partners, increase efficiency, and drive value in the supply chain. Financial terms were not disclosed “The future of EDI is about creating more flexible and transparent supply chains that can seamlessly accommodate a wide range of inputs while ensuring automated and controllable outcomes,The Data Interchange acquisition gives Epicor customers an even more powerful set of cloud-based EDI solutions to streamline supply chain collaboration, simplify processes, and make data-driven decisions to identify trends and opportunities.” -Epicor CEO Steve Murphy As companies, particularly across European markets, manage increasing requirements for data integration across B2B supply chains, they are challenged in navigating the complexities of trading partner compliance, communications protocols, and local language support. Data Interchange’s B2B integration solutions – including the company’s DiNet global EDI Network, Odex B2B communications platform, Darwin order processing solution, and XE EDI mapping tool – will help Epicor customers streamline their supply chain strategies, providing a single-source of truth to more closely manage supplier relationships, automate business processes, and plan for changing business needs. That includes support for European market protocols and standards such as OFTP2, EDIFACT, VDA, TRADACOMS and PEPPOL. “Our goal at Data Interchange has always been to streamline the way EDI is delivered and presented to our customers and partners, By joining with Epicor, we’re extending our mission to help companies drive positive business outcomes by simplifying every stage of their EDI journey.” -Data Interchange CEO Andrew Filby Backed by more than 30 years of experience, Data Interchange pioneers the technology underpinning the world's most complex supply chains with fast, accurate data exchange. A deep and experienced team and partner channel with specialists across Europe help customers in automotive, manufacturing, retail and logistics sectors optimize supply chains and trading processes, with an innovative product and services portfolio that helps customers improve their business operations. About Epicor Epicor equips hard-working businesses with enterprise solutions that keep the world turning. For 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted Epicor to help them do business better. Innovative Epicor solution sets are carefully curated to fit customer needs and built to respond flexibly to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates its customers’ ambitions, whether to grow and transform, or simply become more productive and effective. Visit www.epicor.com for more information. Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation. Results are not guaranteed, and each user’s experience will vary.

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Spotlight

Her new job at Amazon is to babysit several robots at a time, troubleshooting them when necessary and making sure they have bins to load. On a recent afternoon, a claw at end of the arm grabbed a bin off a conveyor belt and stacked it on another bin, forming neat columns on wooden pallets surrounding the robot. It was the first time Amazon had shown the arm, the latest generation of robots in use at its warehouses, to a reporter.

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