How the coronavirus could wreak havoc on the global supply chain

Financial Post | February 26, 2020

Decades of globalization have created supply chains so deeply interconnected that a shock event like the coronavirus is now harder to control and could have a dramatic ripple effect on global commerce, economists are warning. “We tend to think about the economy as countries selling to countries. But the reality of business today is that companies get their parts from other companies, and sell to consumers or again to other companies, through a network of complex, deeply integrated global supply chains,” said Craig Alexander, chief economist at Deloitte Canada. Key manufacturing regions in China — the world’s second-largest economy and perhaps the most integral player in the global supply chain — have been in shutdown mode for the past month in an attempt to control the spread of coronavirus outside its point of origin in Wuhan, where tens of thousands have been infected and hundreds have died.

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The annual integrated report for the year ended June 30 2015 covers information from all the Group’sdivisions and where additional information is available or where there are any exclusions it is clearly indicated. We stress that this report should be read together with the information available on the Bidvest website at www. bidvest.com for a comprehensive view of the Group. It is important to remember that although Bidvest reports consolidated Group financials, in the decentralised Bidvest environment, very little is individually material from a Group perspective when it comes to the sustainability data which we collate from our hundreds of businesses globally. Bidvest covers many and varied industries in over 35 countries on five continents. These varied reporting geographies also have a large number of local geographical regulations which businesses adhere to. We therefore only include limited aggregated sustainability information in the printed version of the annual integrated report while certain additional information is available on request at a business level.


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SUPPLY CHAIN

HERE Collaborates with AWS on Supply Chain Solutions to Improve End-to-End Visibility and Fleet Efficiency

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.

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SUPPLY CHAIN

Tive Launches Partnership Focused on Visibility with Blue Yonder

Tive | December 17, 2021

Tive, a leading real-time in-transit visibility provider, today announced a new strategic partnership with Blue Yonder, a leading digital supply chain and omni-commerce fulfillment platform provider. By integrating data and insights from Blue Yonder's transportation management solution and Luminate™ Control Tower, this partnership provides mutual customers with insights beyond shipment locations and conditions that deliver a better end-consumer experience. Logistics professionals in retail and manufacturing are demanding next-generation actionable insights to actively manage their customers' growing expectations. This partnership delivers shared data and efficiencies for logistics providers, offering near real-time visibility for their customers across the globe. Tive is a leading provider of real-time supply chain visibility insights that help logistics professionals actively manage their in-transit shipments while providing hyper-accurate location and condition with its industry-leading trackers. By partnering with Blue Yonder, Tive will be able to deliver on its promise of 90% reduced 'where-is-my-order' costs; a 90% reduction in claims for lost, damaged or delayed items; and an overall 10% savings on total freight spend to customers. Collaboration and partnerships across the entire supply chain ecosystem are what we strive for every day here at Tive, Combining all aspects of real-time shipment data – location, condition, TMS and control tower data – customers everywhere get real-time actionable information on what is happening with their shipments. We are excited to partner with Blue Yonder to help make global supply chains more efficient." Tive CEO and Founder Krenar Komoni. "Here at Tive, we seek to partner with companies that align with our culture of transparency, collaboration and relentless pursuit to ensure that every shipment arrives on time, in full, and in good condition, Blue Yonder is a natural symbiotic fit in Tive's partner ecosystem thanks to their strong capabilities in transportation management and control tower visibility." Shawna Baker, Head of Partnerships at Tive. About Tive Tive is a leading provider of real-time supply chain visibility insights that help logistics professionals actively manage their in-transit shipments' location and condition. With Tive, shippers and logistics service providers (LSP) eliminate preventable delays, damage, and shipment failures. Tive's solution provides data generated by its industry-leading trackers allowing clients to actively optimize their shipments, improve their customers' experience, and unlock supply chain insights in an actionable real-time manner.

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FREIGHT

Becker Logistics Acquires Trek Freight Services

Becker Logistics | March 29, 2022

Effective December 31, 2021, Becker Logistics LLC, a 3PL Company has acquired Trek Freight Services, LLC located in Lincolnwood, IL. Trek Freight has been in business for 21 years and Becker Logistics will be celebrating their 25th anniversary this coming May, combining these two entities for a total of 46 years of transportation experience. Trek adds an additional 125 customers, 25,000+ carriers, 35 employees and their proprietary TMS which will be synergies for Becker Logistics moving forward. Trek provides third-party logistics services across the U.S. These services will now be provided under the Becker Logistics name. Becker Logistics has experienced extraordinary growth in the last 10 years. In 2020 revenue was at $73 million. In 2021 they grew overall, both organically and non-organically by 130% year over year. Their total top-line revenue for 2021 was $167.2 million. They were able to add an additional $94.2 million to their top-line and with plans to do the same in 2022. With this acquisition, Becker Logistics continues to grow and hold its place as one of the largest third-party logistics providers in the United States. “Since 2009 when Becker Logistics had top-line revenue of only $3.5 million, to 2021, it has experienced a growth of 48 times. We have excelled at organic growth, culture, strategy and having a dual approach of not only growing organically, but non-organic growth is part of the game plan for the next eight years. This is our second acquisition with our first being Savage Logistics, LLC in 2017. We now have a total of 160 talented employees with plans of adding an additional 100 more by the end of the year. We have a BHAG to hit $1.8 billion in top-line revenue by or before 2030. Along this journey we can service our customers more by merging with other entities that have a wealth of knowledge, education and awareness in the industry already,” -Jim Becker, CEO of Becker Logistics. John Andreotti, former COO and principle of Trek Freight said, Looking back, we knew we had to grow our company, but with the resources we had, our age and stage in life, we knew it was going to take far too long. We wanted to merge with a company that would not only keep our employees, but would offer an opportunity to catapult their careers. They needed more opportunities to grow. We have a great team and we didn’t want to lose any of them. We needed to merge with a company that had a vision and a larger engine in place to accelerate that growth. I’ve seen the overall vision and it’s going to provide for everyone that wants to grow individually and as a team. The merger has created a bigger and stronger team. There are so many more resources available to everyone which will aide them to reaching their personal goals and servicing their customers better than ever was possible before. About Becker Logistics Becker Logistics is a leading provider in the non-asset-based, third-party logistics (3PL) space, specializing in supply chain solutions that create transformational success for manufacturers, suppliers and retailers. Since inception in 1997, Becker has grown organically and non-organically with Trek Freight being its second acquisition. Savage Logistics, being the first, was acquired November 1, 2017. Becker works within this highly competitive area and has become the intermediary for over 580 customers. Becker offers an array of transportation services for customers ranging from mid-sized manufacturers to Fortune 100 corporations. Becker leverages supply chain experts, proprietary technology and operational expertise to make shipping freight more efficient for customers, giving them a competitive advantage in their industries. Becker’s competitive advantages include their intellectual properties: 3PL 360 | Freight Management Software, 3PL AIT | Artificial Intelligence Technology and 3PL LMS | Learning Management Software. Learn more at www.BeckerLogistics.com. About Trek Freight Services Trek Freight Services has been providing third-party logistics services in the United States since 2001, offering non-asset-based services in the areas of van, flat bed, reefer, intermodal, LTL, team service and expedited. They move various commodities, which includes packaging, building products, food and beverage, automotive chemicals, scrap virgin plastics, scrap and virgin metals, printed matter, scrap paper, consumer products, and industrial and commercial chemicals. Trek Freight is highly service oriented with the highest customer and carrier retention rate in the industry.

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TRANSPORTATION

SECURITY SCORECARD PARTNERS WITH MARITIME TRANSPORTATION SYSTEM ISAC TO INCREASE SECURITY AND RESILIENCY IN MARITIME OPERATIONS

SECURITY SCORECARD | March 11, 2022

SecurityScorecard, the global leader in cybersecurity ratings, announced a partnership with the Maritime Transportation System Information Sharing and Analysis Center (MTS-ISAC). This partnership will enable MTS-ISAC to increase security and resiliency through complimentary access to the SecurityScorecard platform. This will enable MTS-ISAC to monitor its own organizations, as well as the vendors and counterparties it leverages to run its respective businesses. This partnership will also serve to strengthen the collective supply chain formed by MTS-ISAC members, which addresses some of the challenges unearthed in a recently released report on the U.S shipping industry, "Proactive Security Measures for Global Maritime Shipping." The report, authored by SecurityScorecard researchers, concludes that cyber vulnerabilities are a significant risk to U.S. maritime security. According to guidelines released by the International Association of Ports and Harbors in September 2021, the maritime industry in general suffered a fourfold increase in cyber attacks and those attacks against OT systems specifically increased by 900 percent over the last three years. This partnership will enable MTS-ISAC to increase security and resiliency through the SecurityScorecard platform. "The integration of technology into maritime operations enables greater efficiency, but also emphasizes the importance of preventing cybersecurity catastrophes. We know by the increase in malicious activity aimed at vessels, shoreside facilities, ports and other infrastructure that cyberthreats are not limited to land borders, We help the maritime industry to mitigate rising cyber threats by providing greater efficiency and utilizing trusted and transparent scoring models for maritime operators." -Aleksandr Yampolskiy, co-founder and CEO of SecurityScorecard SecurityScorecard's platform aligns with the mission of MTS-ISAC to promote and facilitate maritime cybersecurity information sharing, awareness, training and collaboration efforts between private and public sector stakeholders. This partnership furthers the mission to advance cyber risk management across the MTS community through effective information sharing for the improved identification, protection, detection, response and recovery efforts related to cyber risks. "The different cybersecurity challenges posed by information technology (IT) and operational technology (OT) systems combined with the complexity of the maritime industry's supply chain create challenges for risk management, SecurityScorecard can help maritime industry stakeholders to understand the changing cyber risk landscape by allowing operators to see the same vulnerabilities and risks that malicious actors see." -Scott Dickerson, executive director at MTS-ISAC Our market leading cybersecurity ratings now reach 13 ISAC partners, and through the addition of the MTS-ISAC, SecurityScorecard can help the maritime industry manage its unique digital ecosystems that are a result of increased use of cloud-enabled IT/OT/IIoT systems," continued Yampolskiy. "We also support more than 400 member companies of various ISACs, and we look forward to continuing to expand this program in the coming year." SecurityScorecard collects and analyzes global threat signals that give organizations instant visibility into the security posture of vendors and business partners as well as the capability to do a self-assessment of their own security posture. The technology continuously monitors 10 groups of risk factors to instantly deliver an easy-to-understand A-F rating. To access the report on Proactive Security Measures for Global Maritime Shipping, visit https://securityscorecard.com/resources/maritime-shipping. To learn more about SecurityScorecard's partnership with MTS-ISAC, visit https://securityscorecard.com/mts-isac . About SecurityScorecard Funded by world-class investors including Evolution Equity Partners, Silver Lake Partners, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 30,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, and cyber insurance underwriting. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating. For more information, visit securityscorecard.com or connect with us on LinkedIn.

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Spotlight

The annual integrated report for the year ended June 30 2015 covers information from all the Group’sdivisions and where additional information is available or where there are any exclusions it is clearly indicated. We stress that this report should be read together with the information available on the Bidvest website at www. bidvest.com for a comprehensive view of the Group. It is important to remember that although Bidvest reports consolidated Group financials, in the decentralised Bidvest environment, very little is individually material from a Group perspective when it comes to the sustainability data which we collate from our hundreds of businesses globally. Bidvest covers many and varied industries in over 35 countries on five continents. These varied reporting geographies also have a large number of local geographical regulations which businesses adhere to. We therefore only include limited aggregated sustainability information in the printed version of the annual integrated report while certain additional information is available on request at a business level.

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