Supply Chain
project44 | September 07, 2023
project44, a leading end-to-end supply chain visibility platform, has announced that Yamaha Corporation, a leading musical instrument manufacturer and audio equipment maker, deploys project44's Ocean Visibility and Port Intel solutions. This installation will improve global shipment visibility, optimize transportation control and strengthen supply chain resilience.
Yamaha selected project44's Ocean Visibility and Port Intel solutions due to its ability to provide global shipment status visualization, highly accurate estimated time of arrival (ETA) data, and facilitate more informed and timely decisions and actions. The company ships nearly 15,000 containers to ports around the globe annually. In addition, Yamaha's supply chain resiliency initiative comprehensively evaluated solutions to enhance transportation control between its production factories and distributors.
Yuji Kuwahara, project44's General Manager and VP of Sales (Japan) said,
The supply chain disruptions over the past few years have given shippers an opportunity to reconsider the importance of flexibility in their logistics strategy and operation.
[Source – Cision PR Newswire]
project44's supply chain visibility platform dramatically improves data quality and visibility across all associated teams. Yuji added, the company believes that project44 will help Yamaha with collaborative planning and exception management, resulting in more satisfied Yamaha customers.
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Supply Chain
FourKites | September 20, 2023
FourKites, a leading supply chain visibility provider, has introduced a groundbreaking innovation in Fin AI, a natural language interface poised to transform supply chain management. This revolutionary technology empowers customers to unearth hidden insights, optimize operations, and streamline time-consuming tasks, such as event impact assessment across their shipment network. By harnessing the extensive supply chain data network, Fin AI significantly shifts from reactive to proactive decision-making, offering automated supply chain orchestration at scale.
Mathew Joseph Elenjickal, Founder and CEO of FourKites, said,
“FourKites is proud to be building at the leading edge of supply chain data and AI.”
[Source – Business Wire]
The company provides customers with a more comprehensive range of actionable insights across supply chains with Fin AI. Mathew added that this would empower the company to concentrate on the information and decisions and drive businesses forward. Additionally, over time, automation through Fin AI would serve as a direct extension of the capabilities of those who used it.
Supply chain managers face the challenge of navigating complex data silos and managing tasks efficiently. FourKites recognizes these hurdles and responds with Fin AI, designed to empower professionals with actionable insights, event impact assessments, and the ability to address tracking issues promptly. Leveraging generative artificial intelligence, this innovation paves the way for a paradigm shift in supply chain data exploration and decision-making. Focusing on real-time, data-driven choices, FourKites positions Fin AI as a transformative solution to industry challenges.
Fin AI's natural language interface, built on an industry-leading language model, draws on FourKites' extensive data network to provide users with the tools to:
Assess the impact of disruptive events on supply chain, allows to identify affected shipments and take remedial actions swiftly.
Diagnose tracking issues efficiently, enhancing visibility across their network.
Access product guidance spanning FourKites' suite and distill the most relevant insights into concise, actionable sentences.
FourKites combines powerful machine learning and real-time data to help companies digitize their end-to-end supply chains. More than 1,200 of the world's most recognized brands — 9 of the top-10 CPGs and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more efficient, agile and sustainable supply chains.
About FourKites
FourKites, a globally acclaimed supply chain visibility platform, has set a new logistics and supply chain management standard. With a commitment to extending visibility throughout the entire supply chain, FourKites goes beyond mere transportation, encompassing yards, warehouses, stores, and beyond. This cutting-edge platform offers unparalleled insights, tracking over 3 million shipments daily and reaching over 200 countries and territories. FourKites leverages real-time data and advanced machine learning to empower businesses to digitally transform their end-to-end supply chains.
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Logistics, Transportation
PR Newswire | October 20, 2023
Bourque Logistics, a trusted leader in North American industrial logistics systems for over 35 years and Industrial Networks LLC (INet), a pioneer in North American industrial data acquisition and automation systems for almost 20 years, announced a collaborative technology agreement to integrate INet SMRTag™ technology with Bourque's YardMaster® system. The effort will provide rail shipping and storage facilities with single-point data collection for railcar inventory and significantly reduce or eliminate individual tag scans.
Bourque's YardMaster shipment operations application, coupled with INet AEI systems, are currently deployed at over 230 North American rail facilities for inspection, switching, scheduling, loading/unloading, and shipment functions.
Using patent-pending technology, INet's SMRTag™ will provide YardMaster® sites real-time track sequence of railcar inventories. Without time-consuming individual railcar scans, YardMaster® will provide timely and enhanced switch management functions leveraging the speed and accuracy of SMRTag™ technology. SMRTag® single-point tag scans will improve worker safety and efficiency by reducing "walk the track" scans.
Under the exclusive arrangement, Bourque and INet will collaborate to embed SMRTag™ functionality within the YardMaster® and YardMaster Mobile™ applications. The ongoing effort will focus on timely and accurate railcar inventory, SMRTag™ hardware deployment/management, sensor data reporting, and worker safety.
INet's SMRTMesh provides single-point sensor data gathering and reporting for events such as impact, pressure, load/empty, and temperature to enhance the safety and condition of rail assets and their cargo. SMRTag™ is compatible with rail industry AEI standards.
"We applaud INet for developing this next-generation RFID technology that will save our YardMaster® sites hundreds of hours of track walk for manual scans," said Steve Bourque, President of Bourque Logistics. "We look forward to this collaborative effort to provide significant value to our YardMaster® clients."
About Bourque Logistics
Used by over 140 rail shippers in North America, Bourque Logistics' shipper tools are redundant, cloud-based systems for rail and motor carrier shipment operations for loading and shipping, bill of lading submission, shipment monitoring, freight costing and payment, fleet accounting, supply chain management, and customized reporting. Bourque's EDI data services connect shippers with their suppliers, customers, and carriers. They also provide professional services and support for rail fleet expediting and railcar maintenance management.
About Industrial Networks LLC
Industrial Networks is the leading provider of railyard automation and data acquisition systems for manufacturing and shipping operations in North America. With a legacy spanning almost 20 years, INet continues to pioneer innovations in the rail logistics industry. The company's close collaboration with Bourque Logistics, a leading provider of rail transportation software, combines decades of experience to deliver state-of-the-art rail automation solutions.
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Supply Chain
Interos | September 22, 2023
Interos, the AI-first operational resilience company, has introduced an innovative solution, Catastrophic Risk visualization and monitoring. This technology takes a proactive approach to supply chain resilience by allowing organizations to pre-plan months in advance, strategically mitigating the potential impact of a wide range of catastrophic risks, from hurricanes and wildfires to grid failures and disease outbreaks. This significant announcement from Interos comes at a pivotal moment, marked by an alarming increase in climate-related disasters, resulting in substantial financial losses and human impact.
In the United States and globally, 23 billion-dollar disasters total $57.6 billion in losses, as reported by NOAA.
Interos' groundbreaking technology addresses the financial aspect and aims to protect lives by shifting enterprises from lagging to leading indicators. It provides early assessments of suppliers exposed to various hazards, including weather patterns, climate fluctuations, communication vulnerabilities, infrastructure challenges, and healthcare capacity constraints. By combining immediate and seasonal hazard intelligence, businesses can proactively detect and prevent seasonal disruptions and disaster-related issues within their extensive supply chains. This innovative solution establishes Interos as a key player in enhancing supply chain resilience and mitigating unanticipated disruptions.
Jennifer Bisceglie, Interos Founder & CEO at Interos, said,
"Leaders throughout industries recognize the need to take control of risk in an environment where resilience delivers competitive advantage. If you think about large-scale, multi-year programs, enterprises need the ability to project where things are going with respect to weather, inflation, energy crisis and other trends to make better-informed business decisions based on impact to their supply chains ongoing operations."
[Source – Cision PR Newswire]
Organizations lacking sub-tier supplier visibility face substantial financial consequences, incurring a collective annual loss of $45 million due to delayed catastrophe response. This figure rises to $82 million, encompassing multifaceted supplier risk factors. Interos' recent report highlights a 33% increase in disruptions since 2022, spurring enterprises to prioritize early preparedness and crisis mitigation, potentially saving $37 million annually. Interos' technology reshapes supply chain risk management by integrating proactive resilience measures, expediting critical supplier processes and ensuring comprehensive risk management at scale.
Through the continuous mapping and monitoring capabilities offered by Interos, enterprises can proactively and effectively navigate the complexities of risk, ensuring supply chain resilience is upheld at both speed and scale. Interos' transformative technology equips organizations with the tools to safeguard their supply chains in an increasingly intricate and interdependent risk environment.
About Interos
Interos is an AI-driven operational resilience company dedicated to helping clients attain Resilience by Design. Leveraging innovative scoring and relationship discovery technologies, Interos empowers customers to streamline risk assessment, detection, and response. As the world's inaugural and sole automated supplier resilience platform, Interos excels in the comprehensive mapping and monitoring of physical and digital supply chains on a grand scale. This proactive approach safeguards organizations against a spectrum of threats, encompassing regulatory violations, unethical labor practices, cyber threats, financial instability, catastrophes, and other systemic vulnerabilities.
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