SUPPLY CHAIN
Pivotree Inc. | November 14, 2022
Pivotree Inc. (TSXV: PVT), a leading provider of frictionless commerce solutions, and GreyOrange Inc., a global leader in automated robotic fulfillment and optimization software, today announced a new partnership to offer comprehensive fulfillment capabilities within warehouses and distribution centers. This joint offering from Pivotree and GreyOrange will deliver a competitive edge for customers increasing visibility, accuracy, and cost efficiency.GreyOrange's fulfillment orchestration platform, GreyMatter™, maximizes productivity, speed, accuracy, and safety in warehouse operations by assigning work activities to diverse fleets of robots. Paired with Pivotree™ WMS, this new offering helps customers scale warehouse operations by reducing costs and improving order fulfillment through inventory accuracy and increased operations performance visibility.
"Partnering with innovative companies such as Pivotree is a top priority for GreyOrange as we expand our reach within fulfillment and inventory optimization, Pivotree's use of AI in warehouse management software and integrated architecture provides confidence that this partnership will help joint customers produce high yield fulfillment and future scalability."
-Jason Brewer, Director of Strategic Alliances, GreyOrange
Pivotree™ WMS is a feature-rich platform that supports multiple brands and warehouses with complex and varied business processes on a single, shared SaaS infrastructure. GreyMatterTM is a robot agnostic fulfillment orchestration platform that utilizes real-time data and machine learning insights to orchestrate fulfillment operations for the most efficient movement of inventory in a fully integrated, end-to-end solution.
"This partnership is an example of how next-level innovation companies connect to provide the best fulfillment services using AI and robotics along with WMS and OMS offerings,We look forward to working with GreyOrange to ensure our joint customers are set up for continued growth."
-Jim Brochu, General Manager of Supply Chain, Pivotree.
Pivotree's portfolio of digital products, as well as managed and professional services helps provide B2B2C digital businesses with true end-to-end service to manage complex digital commerce platforms, along with ongoing support from strategic planning through product selection, deployment, and hosting, to data and supply chain management.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Pivotree
Pivotree, a leader in frictionless commerce, designs, builds and manages digital platforms in Commerce, Data Management, and Supply Chain for over 250 major retail and branded manufacturers globally. Pivotree's portfolio of digital solutions, managed and professional services help provide retailers with true end-to-end solutions to manage complex digital commerce platforms, along with ongoing support from strategic planning through platform selection, deployment, and hosting, to data and supply chain management. Headquartered in Toronto, Canada with offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized as a high-growth company and industry leader. For more information, visit www.pivotree.com.
About GreyOrange
Disrupting and re-defining fulfillment, GreyOrange Inc. provides a state-of-the-art hardware agnostic fulfillment orchestration platform, GreyMatter™, that responds to customer orders in real time as well as proprietary and certified third-party hardware. The company's solutions offer a competitive advantage by increasing productivity, empowering growth, and scale, mitigating labor challenges, and reducing risk and time to market while also creating better experiences for customers and employees. Founded in 2012, GreyOrange is headquartered in Atlanta, Georgia, and employs over 800 people with offices and partners across the Americas, Europe, and Asia. For more information, visit www.greyorange.com.
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MANAGEMENT,OPERATIONS
ThroughPut Inc | November 22, 2022
ThroughPut Inc., the industrial AI supply chain pioneer, announced that it has entered into a technology partnership with project44, the global leader in supply chain visibility, to unlock supply chain profitability amid disruptions and global port congestion.
The partnership will empower mutual customers to not only plan logistics fulfillment effectively and efficiently, but also to forecast demand accurately with AI-powered insights and recommendations for rapid supply chain revenue rationalization. The joint solution will enable businesses to quickly leverage project44 platform's purchase order and sales data to sense and predict demand at a local level, audit material flow to drive efficiencies and achieve On-Time, In-Full (OTIF) deliveries at a supplier and product level.
We're thrilled to be partnering with ThroughPut as we look forward to accelerating the value we deliver to our customers," explained Thomas Deakins, SVP, Global Partnerships & Alliances of project44. "With ThroughPut.ai, we empower our customers to not just optimize their logistics, but their supply chain operations as a whole – something that is crucial in today's market, where disruptions and uncertainty are more a norm than an exception. ThroughPut's demand-first, AI-powered, predictive approach to supply chain management is the key to solving the product and customer prioritization puzzle that all businesses seek to solve on an everyday basis these days as they look to expedite lead times and better serve their customers,he added.
"Partnering with project44 allows us access to true lead time data, which complements how we recalculate material and inventory needs from a demand change perspective, This is the vital missing link in so many planning systems today – which have consequently either overshot or undershot inventory estimates. As a result, many businesses are unable to optimize a crucial part of their working capital – their inventory. We are therefore excited to announce this ready-to-go integration into project44 as we help C-Suites intelligently optimize their overall working capital and prioritize demand management,"
-Ali Raza, CEO of ThroughPut Inc.
ThroughPut empowers leading businesses across the globe to drive continued growth in increasingly volatile market conditions by minimizing demand and supply variance via multi-dimensional customer segmentation and prioritization, demand-driven capacity management, demand sensing, bottleneck management, and intelligent pricing. As the company works to stabilize supply chains across the globe, it continues to help businesses balance their operations by effectively managing demand, capacity, working capital, and customer experience – setting the base for robust, sustained growth.
About project44
project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world's most trusted end-to-end visibility platform that tracks more than 1 billion unique shipments annually for over 1,200 of the world's leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability.
The undisputed leader in the market, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2023, a five-time leader in customer satisfaction on G2's Supply Chain Visibility Grid, one of SupplyChainBrain's 100 Great Supply Chain Partners of 2022, and the Customer's Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 23 global offices including Austin, Amsterdam, Kraków, Paris, São Paulo, Shanghai and Tokyo.
ThroughPut Inc
ThroughPut.ai is a Silicon Valley-based Supply Chain AI leader that puts Industrial material flow on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut's AI-powered Supply Chain software predicts Demand, reorients Production Capacity, reassigns Warehouse Space, and reorders materials optimally, so businesses minimize overpromising and under-delivering, and maximize for their desired outcomes. ThroughPut improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operational experience, from the shop-floor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies.
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PROCUREMENT AND SOURCING
CMA CGM | December 07, 2022
The CMA CGM Group, a global player in sea, land, air and logistics solutions, has signed a binding agreement to acquire GCT Bayonne and New York terminals, currently held by Global Container Terminals Inc (GCT).
Two major East Coast terminals in one of the world's largest economic regions
The Port of New York and New Jersey is a key entry point serving the Northeastern U.S. supply chain areas and represents CMA CGM's largest gateway on the U.S. East and Gulf Coasts. The Bayonne and New York terminals, with an existing combined capacity of 2 million TEUs per year, have a potential for further expansion, up to almost double capacity.
While Bayonne terminal has the highest level of automation, the fastest truck turn time in the harbor, the closest ocean access, and an ability to service vessels of up to 18,000 TEUs, New York Terminal benefits from a highly productive labor force in the Port of New York and New Jersey and connects the dense New York hinterland with direct trucking and intermodal access.
A strategic investment supporting CMA CGM's ambitions for the U.S. market
After closing, the CMA CGM Group will operate the two strategic facilities as multi-user terminals under the leadership of the current management team and will continue focusing on improving its service quality to satisfy U.S. customers' expectations. Investment in the infrastructure will be undertaken to meet both CMA CGM and local communities' environment protection targets.
CMA CGM intends to further develop its shipping line calls in the New York area for which the terminals will provide future capacity. The Group will significantly accelerate investments in the development of the Bayonne and New York terminals, with an objective to increase the combined capacity by up to 80 % in the coming years. This major acquisition will make it possible for CMA CGM Group to support U.S. East Coast supply chain growth and improve efficiency to and from the world.
Strengthening the Group's position as a global port terminal operator
This major investment is consistent with CMA CGM Group's strategy of developing its terminal business while supporting the growth and efficiency of its shipping lines and guaranteeing service quality for its clients.
With this acquisition, CMA CGM is bolstering its position as a leading global port terminal operator. Currently, the Group has investments in 52 port terminals in 28 countries, through CMA Terminals and its Terminal Link joint venture.
CMA CGM Group, a leading supply chain operator in the U.S. providing end-to-end services further expands its commitment to the U.S. economy
The CMA CGM Group has a long commitment to the U.S. economy and a strong presence through its port terminals portfolio and operational relationships with U.S. customers, including the U.S. government.
Over the past 12 months, the CMA CGM Group has significantly increased its presence in the U.S.:
acquisition of Fenix Marine Services terminal in the Port of Los Angeles in January 2022,
acquisition of Ingram Micro's Commerce & Lifecycle Services business specializing in eCommerce contract logistics and omni-channel fulfillment, in April 2022.
GCT Terminals will complement CMA CGM's capabilities, including:
24 shipping lines,
A fleet of 9 U.S. flagged vessels operated under the American President Lines (APL) Lines brand, a trusted partner to the US government for ocean transportation and in country logistics for over a century,
A portfolio of 5 terminal assets consisting of FMS (100%) and PMS (10%) in the Los Angeles area, Dutch Harbor (100%) in Alaska, Bayport (26%) in Houston and SFCT (26%) in Miami,
CEVA Logistics, a world leader in third party logistics.
CMA CGM began its operations in the country in the late 80's and opened its U.S. headquarters in Norfolk in 2005. The Group currently employs more than 15,000 people in the U.S.
Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, said: "The acquisition of GCT Bayonne and GCT New York terminals is a strategic investment for the CMA CGM Group. It reinforces the services we provide to U.S. customers and their supply chain efficiency. It further consolidates our positions in the United States, a major market among the fastest-growing worldwide, and will help us continue our development.
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 584 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, around 4,000 in Marseille where its head office is located.
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SOFTWARE AND TECHNOLOGY
GXO Logistics, Inc | December 19, 2022
GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced that it is deploying the BD RowaTM Vmax technology solution in partnership with manufacturer BD (Becton, Dickinson and Company) (NYSE: BDX), providing value-added services, including a fully automated reverse logistics system, for a major telecommunications provider.
“We’re excited to partner with BD Rowa to bring its state-of-the-art automation and material-handling capabilities to our customer, With help from innovative partners like BD Rowa, we'll continue to offer exceptional service for our customers around the globe, reducing costs, improving accuracy and shortening cycle times.”
-Marv Cunningham, Chief Operations Officer and Chief Information Officer for Americas and Asia Pacific, GXO
By leveraging the high-density storage and retrieval power of BD RowaTM Vmax robots, GXO will be able to deliver high-capacity performance once the full suite of 39 BD RowaTM Vmax robots has been installed. Processing includes the storage and retrieval of mobile phones after they are returned, scanning and tracking them by electronic serial numbers as they move throughout the warehouse. Read more about the work GXO and BD RowaTM are doing for GXO’s telecommunications customer in a customer testimonial or watch BD RowaTM Vmax technology in action here.
“Our partnership with GXO will bring efficiencies to mobile phone returns — a high-volume process that requires automated sorting solutions, which BD Rowa pioneered in the pharmacy/healthcare setting more than 20 years ago, The storage and retrieval power of our Vmax dispensing robot is critical to the success of this warehouse installation.”
-Antonios Vonofakos, VP & Managing Director at BD Rowa
GXO has been providing reverse logistics services for leading global telecommunications providers for almost two decades. In reverse logistics, serialized tracking of high-value products throughout the reverse supply chain maximizes their resale value by getting them back out to consumers quickly.
About GXO Logistics
GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for more than 130,000 team members across more than 950 facilities totaling approximately 200 million square feet. The company partners with the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, Twitter, Facebook, Instagram and YouTube.
BD, the BD Logo, BD Rowa and BD Rowa Vmax are trademarks of Becton, Dickinson and Company or its affiliates. All other trademarks are the property of their respective owners. ©2022 BD. All rights reserved. Nov-2022, BD-76333.
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