Nike optimizing supply and demand daily to weather coronavirus storm

Nike | March 25, 2020

Shifting to a digital-first distribution strategy, "daily global demand and supply optimization" and tight cost management are major tenets of what Nike executives called their "coronavirus playbook" on a Tuesday earnings call. "Our measures of success in the near-term will be rooted in the amount of inventory on hand relative to the pace of digital demand, store re-openings and traffic patterns," CFO Andy Campion said. Nike saw gross margin decline 80 basis points to 44.3%, with a 5% bump in revenue, in the quarter ending Feb. 29, and Campion said there would be more margin erosion ahead. But Nike's operational prowess and liquidity will allow the company to snap back whenever consumer demand returns while keeping and paying employees, newly installed CEO John Donahoe said on the call.

Spotlight

There are 10 popular ways companies choose to save money on transportation. But where can you get the fastest savings for the least amount of effort? Which task to pursue first, and the resulting savings, depends on what you ship (commodities, volumes, and frequencies), how you ship (the mode or modes), and whether your company is growing by acquisition or not growing at all.


Other News
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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LOGISTICS,TRANSPORTATION

Schneider awarded Dedicated Traditional Operation Carrier of the Year Award from Dollar General

Schneider | June 30, 2022

Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services is honored to have been named 2021 Dedicated Traditional Operation Carrier of the Year by budget retailer Dollar General. We are thrilled to be recognized by Dollar General for our continued dedication to superior service, said Schneider Senior Vice President of Van Truckload John Bozec. By working together, our relations continue to strengthen and create the best business outcomes. The award recognizes the operation with the highest combined service level, driver utilization and capacity goal across the Dry Goods Dollar General Network, which includes over 40 individual operations. “Outside of the metrics, we also see a relentless dedication to our business from Schneider associates and drivers – from executive leadership at headquarters, to the field, to the distribution center,” -Director of Outbound Transportation for Dollar General, Blake Reasons. Schneider offers a range of services to meet unique supply chain needs. To learn more about Schneider’s broad portfolio of transportation and logistics services, visit: https://schneider.com/our-services. About Schneider Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.

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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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TRANSPORTATION

REV Ambulance Group Company Delivers All-Electric, Zero-Emission Ambulance to DocGo

REV Ambulance Group | March 07, 2022

REV Group, Inc. (NYSE: REVG) which includes companies that manufacture Horton®, AEV®, Road Rescue®, Wheeled Coach® and Leader® brand ambulances, announces the delivery of an all-electric, zero-emission ambulance to DocGo, a leading provider of last-mile mobile health services and integrated medical mobility.Manufactured at Leader Emergency Vehicles in South El Monte, CA, this all-electric ambulance eliminates the pollution of a standard gasoline ambulance. In addition to being less harmful to the planet, the electric ambulance has the potential to lower patient transportation costs due to lower fuel costs and maintenance needs. “We are committed to lead the industry in electric ambulances to meet the sustainability missions of our customers, such as DocGo’s goal to have an all-electric fleet by 2032, We’re delighted to help DocGo reach their target, with the support of our partner Lightning eMotors.” -Anoop Prakash, president, REV Ambulance Group. Lightning eMotors, a leading provider of zero emissions medium duty commercial vehicles and electric vehicle technology for fleets, worked with Leader and DocGo to create the new vehicle. The Ford Transit T350 Type II ambulance chassis was electrified at Lightning eMotors and built at Leader’s facility. Leader’s High Roof Transit van offers up to 86 kWh of battery capacity that can be charged via Level 2 AC charging or DC fast charging. This model is equipped with dual rear wheels, increased interior headroom to aid crews in loading and unloading their patient, as well as an extended body length to provide more workspace for patient care. "We are honored to have had the opportunity to work alongside Leader on this exciting initiative for DocGo, In addition to being environmentally-friendly, the drastic reduction in pollutants is better for the overall health of the patients being transported.” -Nick Bettis, director of marketing and sales operations at Lightning eMotors. The DocGo delivery, along with recent orders from American Medical Response (AMR) and Hamad Medical Corporation (Qatar), further demonstrates REV’s leadership in bringing innovative technology to the EMS community. About REV Group, Inc. REV Group® companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through three segments: Fire & Emergency, Commercial, and Recreation. They provide customized vehicle solutions for applications, including essential needs for public services (ambulances, fire apparatus, school buses, and transit buses), commercial infrastructure (terminal trucks and industrial sweepers), and consumer leisure (recreational vehicles). REV Group's diverse portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG About Leader Emergency Vehicles Leader®, a manufacturer of premium fit and finish Type I, Type II and Type III ambulances, has served the cities and communities in Southern California for over 45 years with 95% of sales come from California public and private departments. Located in South El Monte, California, Leader’s facility is 100,000 sq. ft. over two acres. About Lightning eMotors Lightning eMotors (NYSE: ZEV) has been providing specialized and sustainable fleet solutions since 2009, deploying complete zero-emission-vehicle (ZEV) solutions for commercial fleets since 2018 – including Class 3 cargo and passenger vans, ambulances, Class 4 and 5 cargo vans and shuttle buses, Class 4 Type A school buses, Class 6 work trucks, Class 7 city buses, and Class A motor coaches. The Lightning eMotors team designs, engineers, customizes, and manufactures zero-emission vehicles to support the wide array of fleet customer needs with a full suite of control software, telematics, analytics, and charging solutions to simplify the buying and ownership experience and maximize uptime and energy efficiency. To learn more, visit our website at https://lightningemotors.com.

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Spotlight

There are 10 popular ways companies choose to save money on transportation. But where can you get the fastest savings for the least amount of effort? Which task to pursue first, and the resulting savings, depends on what you ship (commodities, volumes, and frequencies), how you ship (the mode or modes), and whether your company is growing by acquisition or not growing at all.

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