Yokohama names new senior director of supply chain and logistics

trucknews | June 26, 2017

Yokohama Tire Corporation (YTC) announced today that Rick Alonzo has joined the company as senior director of supply chain and logistics. Alonzo joins Yokohama from Roche Diagnostics, where he was a director of global supply chain management. At Roche, he supported a complex FDA regulated instrument and reagent manufacturing operation and distribution channel. Prior to that, Alonzo worked for the Renault-Nissan Alliance Group as a regional manager responsible for supply chain procurement across the Americas.

Spotlight

Between June and September 2014, Kewill partnered with Transport Intelligence (Ti), the transport and logistics market research specialists, to conduct a survey of global supply chain professionals.The survey was conducted to identify operational and strategic approaches to managing supply chain risk and visibility across global logistics providers (LSPs), as well as retailers and manufacturers. In this video Guhan Periasamy, Senior Vice President, Asia Pacific and Japan at Kewill, shares the top three factors that impact Supply Chain revenue and profitability identified in the study.


Other News
SOFTWARE AND TECHNOLOGY,LOGISTICS

AITX's Subsidiary Robotic Assistance Devices Receives Expansion Order of Multiple AVA and TOM Units from Leading Global Logistics Company

Artificial Intelligence Technology Solutions, Inc., | July 16, 2022

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received an order for 5 security robots from a top ranked global logistics company. The order is valued in the low six figures, plus recurring revenue after a set period. Although not named due to confidentiality agreements, the Company indicated that the end-user, an existing client, is a global leader in supply chain management & third-party logistics. The order is part of a broad expansion of the client’s proven facility security solution. The 4 AVA autonomous access control security robots and 1 TOM visitor management device are expected to be deployed this summer at one of the client’s end-user’s distribution centers. “This is what scaling and expansion looks like,” said Steve Reinharz, CEO of AITX and RAD. “Four weeks ago, this client placed an identical order with us. This Fortune 500 company knows how well the RAD solutions work, and how much money they save the end-user, and now they’re going big. We expect to see similar roll out orders to continue for the foreseeable future,” Reinharz added. “Every major client of ours, and those in RAD’s sales funnel typically starts slowly, with a single device or two, As they experience the great results, value and savings RAD delivers, we anticipate scaling and broader deployments, just as we’re seeing with this and other clients.” -Mark Folmer, President of RAD The Company also confirmed that with this order for 5 RAD devices, the client’s total number of units deployed and/or on order is 44. The Company expects to receive permission from this client to share its name, RAD device use cases and applications in the coming weeks. According to a recent report by Allied Market Research, the global logistics automation industry was pegged at $49.70 billion in 2020, and is expected to reach $147.38 billion by 2030, growing at a CAGR of 11.9% from 2021 to 2030. The report mentions that "several logistics companies have started to invest in industry 4.0 technologies in order to deal with labor shortages issue, and to fulfill rising demand from e-commerce sector. Companies are adopting autonomous robots." RAD’s parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application. AVA (Autonomous Verified Access) is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West in late March, AVA was named a winner of the 2022 SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals. Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up including circuit board design, and base code development. This allows RAD to have complete control over all design elements, performance, quality, and the user’s experience of all security robots whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto, and request a copy of the recently published ‘Navigating the New Economy: Jobs & Automation, Challenges & Opportunities’. About Artificial Intelligence Technology Solutions (AITX) AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, stevereinharz.com, www.radsecurity.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

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LOGISTICS

J&T Express Launches Network in Egypt, Further Expanding Global Footprint

J&T Express | June 22, 2022

J&T Express ("J&T"), an international express logistics company, announced that it has officially launched its network in Egypt. This is another major step in J&T's expansion in the Middle East North Africa (MENA) region, following the Company's launch of the network in the UAE and Saudi Arabia and announcement of establishing a smart logistics park in Riyadh. This latest expansion brings J&T Express' global network coverage to a total of thirteen countries, expanding its global delivery network to Africa markets beyond Asia and Latin America.E-commerce in the MENA region is fast catching up with global powerhouses. Egypt, as the most populous Arabic country, represents one of the most diversified economies in the MENA region. The total revenue of ecommerce in Egypt reportedly reached $5 billion in 2021. In line with the National e-Commerce Strategy, Egypt aspires to harness the power of e-commerce to help catalyze innovation, growth, and social prosperity in the digital economy. The rapidly growing e-commerce market presents significant opportunities for the express logistics industry. J&T Express has established one sorting center and 10 distribution centers, with its distribution network covering the full country except the North Sinai military command area. Following the company's entry into Latin America earlier this year, it is an important step for the company to continue to further cultivate emerging markets and expand its strategic global footprint. "J&T is an independent e-commerce enabler, offering express delivery solutions to leading e-commerce platforms. By leveraging our expertise of providing efficient and convenient services through our growing global operation network, J&T Express is set to contribute to the faster development of e-commerce in the MENA market and the launch in Egypt bears testament to our commitment to the region." -Charles Hou, Group Vice President of J&T Express Patrick Chen, Head of J&T Express Egypt, said, In view of rapidly increasing internet penetration, the Egyptian market is well-positioned to tap on existing opportunities to further e-commerce development. J&T Express is excited to establish a refined service network in Egypt and offer an efficient, convenient and quality logistics experience to local retailers and customers. With its network launch in Egypt, J&T Express' network now spans thirteen countries including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt, and serves over 2.5 billion people. About J&T Express J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express' network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its "customer-oriented and efficiency-based" mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

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SUPPLY CHAIN,TRANSPORTATION

Montway Auto Transport Announces Enhanced Visibility of the Automotive Supply Chain with New Digital Platform

Montway Auto | August 02, 2022

The transportation and logistics industry has lagged in the digitalization trend that has modernized other industries. Moving vehicles through the supply chain relies on manual tasks and multiple platforms, offering dealers little sense of where in-transit vehicles are until they arrive at the lot or are checked in at auction. Montway Auto Transport, one of the nation's leading third-party logistics brokerages, launched the Montway Automation Portal (M.A.P.), a digital platform that improves efficiency for both shippers and carriers, enables visibility of inbound and outbound vehicles for better inventory management and helps control or reduce transportation costs. "The challenges keep mounting for dealerships, auctions, rental car companies and other businesses that rely on vehicle movements and our business customers want innovations to help them gain a competitive advantage,The Montway Automation Portal provides the transparency they need to better manage inventories and increase speed to consumers." -Mike Trudeau, Executive Vice President of Business Development at Montway Auto Transport. M.A.P. is built on industry-leading, proprietary technology that leverages market-based pricing and a streamlined transportation management system. Users can enter a VIN or multiple VINs into the portal to receive pricing, book orders and track units in real-time to complete delivery via a user-friendly dashboard. Additionally, M.A.P. offers public tracking links users can share with end customers, on-demand pricing and a centralized location for storing digital records (proof of delivery documents, BOLs, gate passes and photos). "Digitization is a proven way to transform businesses and auto transport is no exception. M.A.P. was designed to modernize and optimize auto transport from creating orders to providing tracking of units through to delivery,Shippers now have real-time access to their transportation data, allowing them to manage inventory as well as understand and control transportation expenses." -Kaye Ceille, President, Business Solutions Group at Montway Auto Transport. For 15 years, Montway has been providing transparency and trust to our customers. This is one more way we deliver for our automotive partners and their customers. To learn more about Montway Auto Transport and M.A.P., please visit www.montway.com and www.montway.com/map. About Montway Auto Transport     Founded in 2007, Montway Auto Transport has grown to be the nation's leading automotive transport company supporting vehicle transport to all 50 states including Alaska and Hawaii, as well as Europe – offering extended service hours, 365 days a year.   In addition to a retail division serving the privately-owned vehicle market, Montway has a business solutions sector focused on the automotive logistics needs of enterprises in sales, remarketing, manufacturing, moving and relocation, and finance. Montway Auto Transport sets the industry standard for innovative logistics technologies and customer service.

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LOGISTICS

Red Arts Capital, Top Supply Chain and Logistics PE Firm, Acquires First-in-Class Contract Packaging Business

Coregistics | June 27, 2022

Chicago-based private equity firm, Red Arts Capital, announced the acquisition of Coregistics, an award-winning, contract packaging services provider known for its flexibility and sophisticated systems. For Red Arts Capital, the deal comes on the heels of its most recent deal, the sale of the 104 year old trucking company MME to trucking industry titan Knight-Swift, for $150M. Coregistics is a leading national provider of packing-centric supply chain solutions including package and process design, materials sourcing and procurement, contract packaging, and distribution (3PL Services). The company is based in Acworth, GA and operates out of 17 facilities across the United StatesFounded in 2011, Coregistics serves domestic customers consisting primarily of CPG, food & beverage, and service parts. The company’s top customers, many of which are household names in their respective sectors, lean on Coregistics for scalable solutions for introducing their unique products to retail. Coregistic’s services span warehousing, fulfillment, e-commerce and direct-to-DC to direct-to-retail, direct-to-consumer, parcel, freight management, and last parcel sectors. The company has eleven client-embedded locations and operates out of a footprint of nearly three million square feet across its seventeen locations. Coregistics service offering fits squarely within Red Arts’ sector focus and investment approach in the supply chain space. Red Arts utilizes a thematic-driven process to investing, and has had a thesis in the contract logistics space for a number of years. The Red Arts team believes that past success and continued growth in e-commerce will positively impact packaging services demand, and Coregistics is well positioned to provide much needed third-party logistics services in the U.S. market. Chad Strader, Co-Founder and Managing Partner of Red Arts Capital, and a seasoned supply chain industry veteran, believes the addition of Coregistics to the Red Arts portfolio will be extremely beneficial for both parties. “The Coregistics team has demonstrated an extraordinary track record of excellence in contract logistics and packaging, which we believe stems from a team and culture laser-focused on high-quality service, We believe that Coregistics’ culture uniquely positions them to benefit from the growing range of packaging needs spurred by continued e-commerce developments. We are excited to be in partnership with them.” -Chad Strader, Red Art’s Co-founder and Managing Partner. Our culture is central to everything we do and is the foundation for the best-in-class service our team provides to our customers every day,said Eric Wilhelm, Coregistics’ Chief Executive Officer. The team at Red Arts Capital shares our belief in the importance of culture, dedication to excellence and best-in-class service and we are excited to welcome them as our new partner as we continue to grow our Company. Since the firm’s inception in 2015, Red Arts Capital has been a private equity leader in supply chain and logistics investing. The firm is led by Co-founders and Managing Partners, Chad Strader and Nicholas Antoine. Since founding the firm, Chad and Nick have overseen major investments in Sunset Pacific Transportation, Radius Logistics, and now Coregistics, as well as two exited deals in Midnight Express and Midwest Motors Express. Red Arts Capital is not only a historically successful PE firm, but one of the few firms that are black-founded and black-owned. Only 12 of the projected 4,500 PE firms in the U.S. are owned by African Americans.1 Brightwood Capital Advisors provided debt financing for the transaction and Greenberg Traurig, LLP served as legal counsel for Red Arts Capital. Republic Partners served as financial advisor to Coregistics in the transaction. 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.

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Spotlight

Between June and September 2014, Kewill partnered with Transport Intelligence (Ti), the transport and logistics market research specialists, to conduct a survey of global supply chain professionals.The survey was conducted to identify operational and strategic approaches to managing supply chain risk and visibility across global logistics providers (LSPs), as well as retailers and manufacturers. In this video Guhan Periasamy, Senior Vice President, Asia Pacific and Japan at Kewill, shares the top three factors that impact Supply Chain revenue and profitability identified in the study.

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