SUPPLY CHAIN

MASTERY LOGISTICS SYSTEMS PARTNERS WITH AVERITT EXPRESS

Mastery Logistics Systems | March 08, 2022

Mastery Logistics Systems is excited to announce that Averitt Express has joined its growing group of customers. Averitt is partnering with Mastery to implement MasterMind® TMS, a cloud-based transportation and logistics management system as a core building block of its systems strategy.MasterMind®TMS has been built from inception to embrace and handle the complexity of larger organizations such as Averitt. Having celebrated its 50th anniversary last year, Averitt has grown from a small local dry goods hauler into an international supply chain solutions provider that operates across multiple modes of transportation with a mixture of asset and non-asset solutions.

MasterMind®TMS brings new levels of automation and optimization to asset and non-asset truckload, dedicated, intermodal, and LTL along with managed transportation with an all-in-one cloud-delivered modern platform that connects easily to systems both outside the enterprise and inside of it, supporting the "secret sauce" technologies that make these organizations what they are.

"We are ecstatic to welcome Averitt, Not only are they a great company in how they operate, but in the type of people and organization as well."

-CEO Jeff Silver

The two companies share a commitment to supporting The St. Jude Children's Research Hospital.  In addition to financial support, Marianne Silver, Mastery's Chief People Officer, serves on the Board of ALSAC, the fundraising arms of the Hospital.

Averitt and its associates have been long time supporters of St. Jude. In 2021, Averitt drivers and associates raised $1,050,001 for St. Jude. This donation marked the third consecutive year that Averitt has donated more than $1 million to St. Jude.

We are incredibly fortunate to be building a system unlike anything commercially available in the industry, and at the same time partner with the best organizations – makes it easy to attract and hire the best people who come in and help the 400 of us at Mastery get even better, Silver added.

"We are excited to partner with Mastery as we take the next steps to enhance our foundational technologies that will enable us to continue to deliver a world-class experience to our customers, At the same time, we are humbled to work with an organization that's values also align with our own corporate culture."

-Tim Saylor, Averitt's vice president of information systems

About Mastery
Mastery Logistics Systems was established in 2019 with the mission to help large carriers, logistics service providers, and shippers manage complex transportation needs in an efficient, cohesive, and intelligent way. Mastery is led by founder Jeff Silver, whose previous systems and teams have powered some of the largest logistics companies in North America for over four decades. Mastery is building logistics solutions and systems from the ground up with a growing team of engineering, programming, and implementation experts.

Mastery's MasterMind® TMS is a comprehensive cloud-based SaaS transportation management system, designed to be the World's First Lovable TMS™. MasterMind® TMS is built for size, stability, speed, and automation, providing unprecedented visibility and control by embracing the complexity that is the reality of the supply chain world.

To learn more about Mastery Logistics Systems, visit Mastery.net

About Averitt Express
Serving shippers for over 50 years, Averitt is a leading provider of freight transportation and supply chain management solutions with an international reach to 100+ countries. Averitt's LTL, Truckload, Dedicated, Distribution & Fulfillment, and Integrated services provide shippers access to a wide array of services and customized solutions that cover every link in the supply chain. Together, these services and technology offerings provide "The Power of One" to shippers, allowing them access to multiple transportation solutions from a single provider. Averitt's 9,000+ associates are dedicated to delivering the most reliable services within the industry, and to promoting a company culture that is centered around people, communities and giving back. For more information, call 1-800-AVERITT (283-7488) or visit AverittExpress.com.

Spotlight

Recent catastrophes such as the Japanese tsunami, Thailand floods, Superstorm Sandy and Icelandic volcanic ash clouds have brought to light the risks inherent with the modern global supply chain. Modern supply chains have proven cost effective and efficient alternatives to traditional business operating models, but they also increase business exposure to systemic risk. A disruption to a key customer, supplier, or even a supplier of a supplier, can cause a ripple effect with profound consequences for manufacturers, customers, other suppliers in the chain and even entire industries. Although most organizations have protocols in place to handle minor disruptions, recent events have exposed vulnerabilities that were either dismissed or simply overlooked in many organizations’ quest to increase efficiency and drive corporate growth.


Other News
LOGISTICS

Shipwell Partners with NMB Solutions Inc. to Provide Certified, Robust TMS Solution for the Microsoft Dynamics 365 Community

Shipwell | September 16, 2022

Shipwell, an industry-leader in cloud-based shipping and logistics, and NMB Solutions Inc., which provides a Microsoft-certified D365 Gateway for multi-modal transportation, parcel shipping and compliance solutions for Microsoft Dynamics 365 (D365), today announced their partnership, bringing Shipwell’s modern, best-in-class Transportation Management System (TMS) to the Microsoft D365 community.Now, more than ever, industries across various sectors are demanding significant efficiency gains and looking to reduce transportation and supply chain-related costs. By integrating Shipwell’s powerful, modern TMS with NMB’s Microsoft-Certified Gateway for D365 Finance and Operations module, this partnership paves a way for state-of-the-art, cloud-native solutions to automate, optimize and streamline customers’ supply chains. Born from the recognition that supply chains must evolve to match the needs of a changing industry, Shipwell’s technology creates a better experience for businesses and customers. From instantly uncovering greater efficiency and cost savings in shipping options to automated disruption monitoring and management, Shipwell’s centralized solution transforms supply chains to be responsive and streamlined. NMB Solutions has been an innovator in the Microsoft community for 15+years, and has been hyper-focused over the last several years on providing mission-critical and purpose-built solutions for the Microsoft D365 community. “This partnership is a natural fit for both companies, Shipwell’s TMS solution slides right into the wheelhouse of the majority of North American D365 Finance and Supply Chain customers. It is affordable, robust and scalable. D365 customers needing modern-day TMS capabilities will be amazed by what they can achieve with this solution.” -Chris Morgan, president of NMB Solutions. Shipwell’s robust, reputable, Gartner-recognized TMS platform integrates seamlessly with existing business applications, partners and workflows, reducing implementation time for go live in as little as 8-10 weeks. The solution not only minimizes customers’ IT and integration resource requirements but also maximizes savings and value. We are excited about the opportunity to bring D365 ERP connectivity and experience to the Shipwell network with NMB Solutions,said Greg Price, CEO of Shipwell. “NMB is an expert in D365 and supply chain, and they bring a wealth of knowledge and capabilities to this partnership and to the Microsoft community. NMB’s Gateway for TMS is a game changer, and combined with Shipwell’s modern-day TMS, the Microsoft D365 community will now have the ability to deploy best-in-class, certified solutions for transportation management and real-time visibility – resulting in significant efficiencies, savings and continuous improvements. Backed by AI and machine learning capabilities, Shipwell’s data-driven technology provides automation, comprehensive tracking, exception management and advanced analytics at every point in the supply chain, allowing customers to proactively address delays and reduce spend. To learn more about this partnership, visit the NMB booth and product showcase at the upcoming D365 Community Summit in Orlando. About Shipwell In a world where shipping expectations and complexity are greater than ever, Shipwell is on a mission to empower supply chain efficiency at scale across every company size, stage, and industry. Supply chain solutions today are highly disconnected, rigid, and difficult to use, but Shipwell is disrupting the status quo. Our solution combines everything our customers need in a comprehensive platform that adapts as the market and business demands change, so they can effectively manage the entire process in one place and never have to rip and replace. Shipwell is proud to be recognized by industry experts as a leader in shipping and logistics, including Gartner Magic Quadrant for TMS, Forbes 2020 Next Billion-Dollar Startup, and was named fourth fastest-growing company in North America on the 2021 Deloitte Technology Fast 500. To learn more, visit www.shipwell.com. About NMB Solutions Inc. NMB Solutions is a Microsoft Gold Business Applications Partner. The company was founded in 1999 as a VAR and implementer of Axapta, which would go on to become Microsoft Dynamics AX. In 2013, NMB transitioned to an ISV, solely focused on delivering third-party parcel shipping and LTL solutions for Dynamics AX. Today, NMB has customers across the globe in many different industries. To learn more, visit: www.nmbsolutions.ca, or visit our booth #814 at NA Community summit 2022.

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PROCUREMENT AND SOURCING,SUPPLY CHAIN

ADVATIX enables eCommerce growth with digital transformation of supply chains; bags spot on Inc 5000 list 2 years in a row

ADVATIX | September 09, 2022

Inc. Magazine announced that ADVATIX ranked 609 on this year's prestigious list of the fastest-growing privately held companies in the USA. ADVATIX was also ranked 493 last year as a leading supply chain and logistics growth enabler. This sustained growth results from the company's mission to help businesses scale up using digital transformation, advanced ADVATIX Cloud Suite technology, and ADVATIX's "boots on the ground" industry experts. "I am grateful to our client companies for their faith in us and for giving us the opportunity to be part of their growth stories. It is also truly an honor to work with our global team of the industry's finest and find ADVATIX back on the list with the fastest growing companies in America. It motivates us to continue making a difference in the Supply Chain space," said Manish Kapoor, Founder & CEO of ADVATIX. ADVATIX was founded just over four years ago and has been providing advanced strategies and supply chain solutions that are focused on helping businesses accelerate growth in eCommerce, ultra-fast delivery, ship from store, and omni-channel experience. The team at ADVATIX is composed of leading industry experts with extensive experience in operations, logistics, and technology. The ADVATIX Cloud Suite technology sets a new bar in the industry for enabling eCommerce fulfillment, logistics, and inventory planning. "Having observed Manish on our board and ADVATIX help several businesses scale up over the past few years, it is no surprise that they are continuing to grow. The team, solutions, and the technology ADVATIX has developed have been game changing for businesses needing digital transformation of their supply chains. I expect to see continuous innovations from ADVATIX." -Nick Vyas, the Founding Executive Director at the Randall R. Kendrick Global Supply Chain Institute at University of Southern California (USC) With offices in North America, Latin America, and Asia, ADVATIX plans to continue expanding their global footprint. Digital transformation needs the right solution design, LEAN processes, industry best practices for operations, a strong team, and technology that differentiates. ADVATIX solutions are comprehensive to ensure success. It also supports ongoing operations with its global command center for supply chain and customer experience. About ADVATIX ADVATIX, Inc. is one of the leading providers of eCommerce Supply Chain and Logistics solutions. ADVATIX is based in Westlake Village, CA with a global technology hub in New Delhi, India and a LATAM office in Santiago, Chile. The company currently serves customers in North America, Latin America, Europe and Asia. For more information, visit www.ADVATIX.com or email contact@ADVATIX.com.

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PROCUREMENT AND SOURCING

CORRECTING and REPLACING Red Arts Capital Acquires Strategic Midwest Logistics Company, Partners Warehouse

Red Arts Capital | August 20, 2022

As part of its mission to acquire top tier supply chain and logistics companies, Red Arts Capital announced the purchase of Partners Warehouse. Based in Elwood, Illinois, Partners Warehouse provides warehousing and rail transloading services for a wide range of customers across nearly one million square feet and eight strategic locations in Illinois. The purchase of the 30-year-old logistics company marks another investment for Red Arts’ inaugural institutional commingled private equity fund vehicle, Red Arts Capital Opportunity Fund I, L.P. In June, the firm announced the acquisition of Coregistics, an award-winning, contract packaging services provider known for its flexibility and sophisticated systems. “Partners Warehouse is an ideal platform to execute on Red Arts’ value creation strategy in the warehousing and logistics space, Our country is facing a significant shortage of warehousing capacity, with nearly one billion square feet of new industrial space needed by 2025 to keep up with extraordinary demand. We believe that Partners is well positioned to provide much needed warehousing capacity as it continues to grow near Chicago’s highly strategic inland port.” -Nick Antoine, Co-Founder, Co-CEO and Managing Partner of Red Arts Capital. Partners Warehouse handles thousands of rail cars and containers each year with its Elwood facility located just one block from the entrance of BNSF’s second largest rail and intermodal yard, creating a strong draw for its customers. "Today, the Partners Warehouse holding company employs approximately 150 people. We anticipate nearly doubling the platform’s headcount and square foot capacity just this year alone. Red Arts and the Partners management team are committed to meeting our customers’ needs and believe that our planned continued investment will be a strong indicator of that commitment.” -Chad Strader, the Firm’s Co-Founder, Co-CEO and Managing Partner Amongst Red Arts Capital’s group of investors is world-renowned investor and billionaire, Mario Gabelli. In a recent statement on the Red Arts team and their strategy, Gabelli said, ​​"An important part of investing is defining your circle of competence. Nick and Chad have demonstrated expertise in Supply Chain and Logistics and they have remained disciplined to their approach since we invested with them - this expertise is reflected in their accomplishments and the return on our investments.” Red Arts Capital was formed in 2015 by Co-founders, Co-CEOs and Managing Partners, Chad Strader and Nick Antoine. The firm specializes in private equity investments in supply chain and logistics-related businesses. Red Arts Capital has made waves in the supply chain sector over the past half year with major investments in the aforementioned Coregistics, as well as Sunset Pacific Transportation, Radius Logistics, and now Partners Warehouse. Red Arts also executed the sale of the over century old Midwest Motors Express and Midnite Express to trucking industry titan, Knight-Swift Transportation Holdings back in December for $150M. About 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. About Partners Warehouse Partners Warehouse was founded in 1989 to provide rail transloading services to the building materials industry. Today Partners operates 6 locations and offers a wide variety of services to clients. Industries served include building materials, lumber and panel products, paper, pulp, steel and other metals, automotive, food and food products, food ingredients, consumer goods and bulk products. Partners Warehouse continues to grow and expand by economically helping our clients. To learn more about Partners Warehouse, please visit www.partnerswarehouse.com.

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LOGISTICS

Accenture Completes Acquisition of Capabilities from Trancom ITS

Accenture | July 04, 2022

Accenture (NYSE: ACN) has completed its acquisition of digital engineering and operational technology capabilities from Trancom ITS, a Japanese logistics technology services provider. Terms of the transaction, which Accenture announced on March 28, 2022, were not disclosed. Approximately 190 Transcom ITS engineers have joined Accenture Industry X in Japan as part of the transaction. They specialize in cloud-based logistics systems and optimizing warehouse operations with IoT and sensor technology. The acquisition strengthens Accenture’s digital engineering, manufacturing and logistics capabilities to offer hyper-automation solutions at scale, which manufacturing and logistics companies in Japan are increasingly demanding. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

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Spotlight

Recent catastrophes such as the Japanese tsunami, Thailand floods, Superstorm Sandy and Icelandic volcanic ash clouds have brought to light the risks inherent with the modern global supply chain. Modern supply chains have proven cost effective and efficient alternatives to traditional business operating models, but they also increase business exposure to systemic risk. A disruption to a key customer, supplier, or even a supplier of a supplier, can cause a ripple effect with profound consequences for manufacturers, customers, other suppliers in the chain and even entire industries. Although most organizations have protocols in place to handle minor disruptions, recent events have exposed vulnerabilities that were either dismissed or simply overlooked in many organizations’ quest to increase efficiency and drive corporate growth.

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