HERE Technologies | May 11, 2022
HERE Technologies, the world’s leading location data and technology platform announced it has entered a five-year strategic collaboration agreement with Amazon Web Services (AWS) to help organizations improve their supply chain visibility, transportation and logistics (T&L), fleet routing, and estimated times of arrival (ETAs) from the first-to-last mile of delivery.
According to Gartner®, “real-time transportation visibility continues to be a key priority for shippers and 3PLs, and their customers,” and by 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.i Another Gartner report states, “increasingly, supply chain visibility adoption is no longer a “nice to have” for any organization— no matter the size, geography or industry.”ii
As part of the collaboration, HERE will list its Supply Chain Solutions that are utilized by T&L companies globally in AWS Marketplace, a curated digital catalog that customers can use to find, buy, deploy, and manage third-party software, data, and services to build solutions and run their businesses. Additionally, HERE will work with AWS to bring to market advanced capabilities for T&L participants to leverage, such as warehouse and yard management, predictive ETA calculations, and CO2 fleet emission solutions.
HERE Supply Chain Solutions build on enterprise-grade map content and core location services (APIs for advanced traffic enabled routing, geofencing, geocoding, and mobile SDKs). HERE Supply Chain Solutions connect and integrate data from multiple stakeholders in the transportation ecosystem to optimize planning, prediction of events, shipment ETAs, and location-based analytics.
HERE Supply Chain Solutions include:
HERE Asset Tracking delivers real-time visibility of asset location and status. HERE leverages a Platform-as-a-Service model to enable businesses to track their assets seamlessly indoor and out. Businesses can reduce time and money spent on missing equipment and focus on optimizing asset utilization and efficiency.
HERE Tour Planning creates cost- or time-optimized tours for all vehicles in a fleet, incorporating vehicle type and capacity, to maximize utilization. The calculations reflect current traffic and use special truck-routing attributes, such as road, height, and turn restrictions, when heavy vehicles are used.
HERE Last Mile is an end-to-end software-as-a-service (SaaS) application for managing last mile and urban deliveries. It comes with a web-planning dashboard, mobile driver app, and real-time tracking for more accurate ETAs. Customers can easily integrate with their existing order management and Customer Relationship Management systems or use it standalone.
"The requirements for efficient tour planning are constantly growing in the transportation industry, corresponding to increased shipment volumes, complex planning processes and a shortage of skilled workers, Using HERE Tour Planning, we have developed a comprehensive application that fully automates the transport planning process, with accurate traffic data, shipment prioritization, and delivery window compliance. This solution allows customers to reduce the time needed to plan hundreds of vehicles' routes from several hours to just a few minutes."
-Tobias Braun, IT Project Manager at Active Logistics
AWS is supporting HERE’s innovative location-based service applications on AWS to increase visibility across supply chains while tackling some of the largest challenges in T&L globally. The development roadmap includes:
Extending asset visibility beyond transportation modes and into the yards and warehouses
Enabling tracking beyond containers, pallets, and cages to monitoring the location and status of actual shipments;
Increasing the accuracy of predictive arrival and departure times (ETA/ETD) across transportation modes with AI/ML; and
Providing services to measure fleet CO2 emissions in compliance with global standards and to conduct what-if scenario planning for fleet transitions to alternative fuels and drive trains.
“At the center of supply chain visibility is location intelligence. We have seen now that deep insights on the ‘where’ and ‘when’ dimensions of operations deliver tremendous value, from optimizing inbound and outbound logistics to middle and last mile delivery execution, We are proud to work with AWS on deploying these cost and time saving solutions for companies to minimize dwell times, predict ETAs more accurately across every stage, and begin the crucial step of measuring fleet CO2 emissions as the transition to EV vehicles accelerates and economies decarbonize.”
-Edzard Overbeek, CEO at HERE Technologies.
T&L companies around the world rely on real-time visibility for customer satisfaction and operational efficiency. When shipments do not arrive on time, or don’t arrive at all, someone’s bottom line is impacted, said Bill Vass, Vice President, AWS Engineering. “The AWS Services for data management and aggregation power HERE Supply Chain Solutions, and are required for the most relevant customer data to be conflated with the latest location intelligence to solve the visibility and predictability problem throughout a supply chain.
HERE is a partner to customers across the ecosystem of shippers, 3PL’s, 4PL’s, freight forwarders, and road carriers. Hundreds of companies within the transportation, logistics, and mobility sectors utilize HERE location data, software, and technology to create leading fuel, time, and cost saving applications.
By integrating supply chain data and combining it with rich enterprise-grade location data and services, HERE provides meaningful insights for supply chain operators to better optimize their workflows across the entire supply chain, from factory to inside the warehouse and outside on the yard, all the way to the last mile delivery. With data analytics, HERE machine learning algorithms can predict possible disruptions, identify patterns, and prescribe strategies to improve overall supply chain logistics performance.
About HERE Technologies
HERE, the location data and technology platform, moves people, businesses and cities forward by harnessing the power of location. By leveraging our open platform, we empower our customers to achieve better outcomes - from helping a city manage its infrastructure or a business optimize its assets to guiding drivers to their destination safely. To learn more about HERE, please visit here.com and 360.here.com.
Nexxiot, | April 27, 2022
Nexxiot, the global TradeTech pioneer, will become one of the official suppliers to digitalize the Hapag-Lloyd container fleet. Nexxiot will equip a significant share of the 3 mio TEU fleet from Hapag-Lloyd with innovative IoT technology and analytics, enabling for the first time the worldwide monitoring of shipping containers which are indispensable for global trade. Hapag-Lloyd will be the first carrier in the world to be able to monitor and analyze the location, movements, and status of its standard containers in real-time.Intermodal container shipping is the backbone of the global economy. Innovative sensor technology, such as that developed by Nexxiot and used by Hapag-Lloyd, is helping to make container transport a more resilient and transparent piece of the global supply chain puzzle.
"This is the largest deployment of active hardware monitoring devices to date in the ocean and intermodal shipping space, with the potential to create a vastly more efficient and sustainable global supply chain, The location, status and associated processes of 'dry' containers on the high seas as well as during inland transportation are mostly untraceable today. TradeTech projects, such as those implemented by Hapag-Lloyd with Nexxiot as a system partner, change this paradigm."
-Stefan Kalmund, CEO of Nexxiot.
As part of Hapag-Lloyd LIVE, the shipping company will be the first carrier in the world with the ability to provide all customers with real-time data and full transparency about every container movement.
"Nexxiot as a system partner provides us with an important technological building block, This allows us to detect delays earlier, automatically inform the affected customers and initiate countermeasures quickly. We are firmly convinced that not only our customers benefit from the new technology, but that this new approach will revolutionize the entire container shipping industry."
-Olaf Habert, Director Container Applications at Hapag-Lloyd.
The innovative IoT device powering the transformation is Nexxiot's Globehopper Edge which transmits real-time location and temperature data, monitors container impacts, and can connect to other sensors via Bluetooth. In order to ensure the safety and security of crew, cargo and ships, the devices are designed and certified in accordance with the ATEX Product Directive for use in potentially flammable or explosive environments (Zone 2). The data is processed using the latest algorithms and Big Data analytics create essential business intelligence on container fleet utilization, critical events, and supply chain processes for all stakeholders across the value network.
Nexxiot is a driver of the digital logistics of tomorrow. By leading TradeTech and the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to ensure accountability, security, and efficiency.
Nexxiot's solutions track, find, and protect cargo worldwide via 700 network roaming partners. The company's secure, industry-leading Cloud comprises data from over 2.5 billion traveled miles.
Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 26 countries. Committed to sustainability through corporate and social responsibility, Nexxiot's goal is to enable a five percent reduction in global supply chain carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. For more information, visit www.nexxiot.com.
6 River Systems | September 16, 2020
A spike in e-commerce volumes driven by coronavirus travel restrictions may slow down after a safe vaccine is eventually found, but its impact on fulfillment automation processes is here to stay, according to a top executive at Shopify, an e-commerce platform for small and medium-sized businesses (SMBs). As the pandemic prevented consumers from congregating in brick and mortar stores, so many of them turned to e-commerce shopping that the online retail sector experienced five years’ worth of growth in the past three months alone, Shopify’s chief technology officer, Jean-Michel Lemieux, said today. From less than 1% in 2000, the share of e-commerce retail sales as a percent of total retail sales rose to 5% in 2011 and 10% in 2018 before leaping above 16% during the second quarter of 2020, according to statistics from the U.S. Census Bureau. That curve may soon begin to flatten a bit, but the post-Covid “new normal” will feature e-commerce levels in the range of 20%, 30%, or even 40% of all retail, Lemieux said in remarks at Flow 2020, the annual user conference held by autonomous mobile robot (AMR) vendor 6 River Systems. Ottawa, Ontario-based Shopify acquired Waltham, Massachusetts-based 6 River in 2019 for $450 million in a bid to use its collaborative "Chuck" robots to boost fulfillment efficiency for warehouse staffers managing inventory for distribution. That deal looked at first like amazon.com's move to buy Kiva Systems Inc. in 2012 for $775 million, and then take the product off the market, keeping its robots for the sole use of Amazon’s own DCs. But Shopify was quick to say that it will continue selling 6 River’s Chuck bots to the entire logistics market, and Lemieux reiterated that stance today.
Radiant Logistics, Inc. | February 23, 2022
Radiant Logistics, Inc. (NYSE American: RLGT), a third-party logistics and multimodal transportation services company, today announced that its board of directors has authorized the repurchase of up to five million shares of the Company's common stock through December 31, 2023. As of February 1, 2022, the Company had 49,443,305 shares outstanding.
The share repurchases may occur from time-to-time through open market purchases at prevailing market prices or through privately negotiated transactions as permitted by securities laws and other legal requirements. The Company expects to fund all purchases from existing cash balances, cash available under the Company's revolving credit facility and future cash flows from operations. The program allows the Company to repurchase its shares at its discretion. Market conditions, price, corporate and regulatory requirements, alternative investment opportunities, and other economic conditions will influence the timing of the purchases and the number of shares repurchased. The program does not obligate the Company to repurchase any specific number of shares and, subject to compliance with applicable securities laws and other legal requirements, may be suspended or terminated at any time without prior notice.
We believe the current share price does not adequately reflect Radiant's long-term growth prospects, and therefore, the repurchase of our shares could represent an excellent investment opportunity for both the Company and our shareholders."
Bohn Crain, Founder and CEO.