Supply Chain Management

Mill Point Capital Partners with Seviroli Foods

Retrieved on: 
Friday, December 2, 2022

Seviroli Foods, Inc. (Seviroli), a leading manufacturer of frozen pasta and other food products, and Vertullo Imports LLC (Vertullo), a leading specialty food importer, announced that it has partnered with Mill Point Capital LLC (Mill Point), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and technology sectors in North America.

Key Points: 
  • Seviroli Foods, Inc. (Seviroli), a leading manufacturer of frozen pasta and other food products, and Vertullo Imports LLC (Vertullo), a leading specialty food importer, announced that it has partnered with Mill Point Capital LLC (Mill Point), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and technology sectors in North America.
  • Seviroli has been family-owned and operated since its founding in 1960 and provides a leading line of chef-inspired artisan-filled pastas, sauces and Italian desserts.
  • Joseph Seviroli Jr., CEO and second-generation owner of Seviroli, will continue in his role alongside President and COO Paul Vertullo and other key members of the management team.
  • Joseph Seviroli Jr. commented, We are excited to continue building upon my familys proud 62-year operating history alongside Mill Point.

Wesco Declares Quarterly Dividend on Preferred Stock

Retrieved on: 
Friday, December 2, 2022

The Board of Directors of Wesco International (NYSE: WCC) today declared a cash dividend on the companys 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period October 1, 2022 through December 31, 2022.

Key Points: 
  • The Board of Directors of Wesco International (NYSE: WCC) today declared a cash dividend on the companys 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period October 1, 2022 through December 31, 2022.
  • The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on January 3, 2023 to holders of record at the close of business on December 15, 2022.
  • Wesco International (NYSE: WCC) builds, connects, powers and protects the world.
  • Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions.

Port Houston Commission Regular Meeting

Retrieved on: 
Friday, December 2, 2022

The Port Commission of the Port of Houston Authority will hold its last Regular Meeting this year on Tuesday, December 6, 2022, beginning at 9:15 a.m. A quorum of the Port Commission, along with executive leadership, will be present in the boardroom of the Port Houston Executive Office Building, located at 111 East Loop North, Houston, TX 77029.

Key Points: 
  • The Port Commission of the Port of Houston Authority will hold its last Regular Meeting this year on Tuesday, December 6, 2022, beginning at 9:15 a.m. A quorum of the Port Commission, along with executive leadership, will be present in the boardroom of the Port Houston Executive Office Building, located at 111 East Loop North, Houston, TX 77029.
  • This will be conducted as a hybrid meeting open to the public to attend in person or accessed virtually via WebEx webinar.
  • Sign up for public comment is available up to an hour before the meeting by contacting Erik Eriksson at [email protected] or Liana Christian at [email protected].
  • For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel the nations largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation.

Cold Chain Global Market Report 2022: Sustainability Initiatives and Leveraging of IoT Presents Opportunities - ResearchAndMarkets.com

Retrieved on: 
Friday, December 2, 2022

The "Cold Chain Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Cold Chain Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.
  • The global cold chain market reached a value of nearly $274,880.5 million in 2021, having grown at a compound annual growth rate (CAGR) of 14.5% since 2016.
  • The refrigerated warehousing market was the largest segment of the cold chain market segmented by type, accounting for 58.0% of the total in 2021.
  • Market-trend-based strategies for the cold chain market include focusing on sustainability initiatives, focusing on quality and product sensitivity, leveraging internet of things (IoT), focusing on smart warehousing, outsourcing processes to third-party logistics and focusing on strategic investments.

Whistic Integrates the 2023 Shared Assessments (SIG) Questionnaire into Vendor Security Network

Retrieved on: 
Friday, December 2, 2022

Whistic , the leading vendor security network for both buyers and sellers, today announced the release of the Shared Assessments 2023 Standardized Information Gathering (SIG) Questionnaire for users of the Whistic Assess and Whistic Profile product offerings.

Key Points: 
  • Whistic , the leading vendor security network for both buyers and sellers, today announced the release of the Shared Assessments 2023 Standardized Information Gathering (SIG) Questionnaire for users of the Whistic Assess and Whistic Profile product offerings.
  • Whistic is a proud partner of Shared Assessments, which has become a trusted source for third party risk assurance, said Whistic CEO Nick Sorensen.
  • Located in the heart of the Silicon Slopes in Utah, Whistic is the network for assessing, publishing, and sharing vendor security information.
  • The Whistic Vendor Security Network accelerates the vendor assessment process by enabling businesses to access and evaluate a vendors Whistic Profile and create trusted connections that last well beyond the initial assessment.

TriMas’ 2022 Kaizen Challenge Winners Reflect Ongoing Commitment to Continuous Improvement

Retrieved on: 
Friday, December 2, 2022

TriMas (NASDAQ: TRS) today announced the winners of its 2022 TriMas Kaizen Challenge.

Key Points: 
  • TriMas (NASDAQ: TRS) today announced the winners of its 2022 TriMas Kaizen Challenge.
  • The 2022 winners are TriMas Aerospaces Optimizing Subcontracting Supply project and TriMas Packagings Productivity Improvement project.
  • This years submissions were of the highest quality level since we began the TriMas Kaizen Challenge, stated Thomas Amato, TriMas President & CEO.
  • Additional 2022 TriMas Kaizen Challenge finalist projects were submitted by TriMas Packagings locations in Haining, China; New Albany, Ohio (USA); and San Miguel de Allende, Mexico.

Global Smartphone Shipments Continue to be Impacted by Slowed Demand and Setbacks in China, According to IDC Tracker

Retrieved on: 
Friday, December 2, 2022

According to the latest Worldwide Quarterly Mobile Phone Tracker forecast, shipments of smartphones will decline 9.1% in 2022, a reduction of 2.6 percentage points from the previous forecast.

Key Points: 
  • According to the latest Worldwide Quarterly Mobile Phone Tracker forecast, shipments of smartphones will decline 9.1% in 2022, a reduction of 2.6 percentage points from the previous forecast.
  • As a result, IDC expects smartphone shipment volumes to total 1.24 billion units in 2022.
  • While a recovery of 2.8% is still anticipated in 2023, IDC did reduce its 2023 smartphone forecast by roughly 70 million units, given the ongoing macroeconomic environment and its overall impact on demand.
  • Worldwide Smartphone Forecast by OS, 2023 and 2026 Shipments, Year-Over-Year Growth, and 5-Year CAGR (shipments in millions)

Uber Freight and Aurora Expand Pilot to Autonomously Haul Goods for 2022 Holiday Season

Retrieved on: 
Friday, December 2, 2022

The 600-mile lane across Texas launched in October and is supporting Uber Freight customers as they prepare for the 2022 holiday season.

Key Points: 
  • The 600-mile lane across Texas launched in October and is supporting Uber Freight customers as they prepare for the 2022 holiday season.
  • As an Uber Freight customer, Veritiv has benefited from early access to the route, using Aurora Horizon to autonomously transport goods on time to retail, education, and healthcare customers.
  • Our extensive and efficient digital marketplace is a key ingredient for autonomous freight deployment, said Lior Ron, CEO of Uber Freight.
  • Aurora and Uber Freight aim to unlock autonomous truck capacity for carriers with Aurora Horizon, which will be deployed in the coming years and serve carriers across the Uber Freight platform.

Reach to Deliver the First Industrial-Scale Wireless Power Solution

Retrieved on: 
Friday, December 2, 2022

Reachs commercial products will wirelessly deliver hundreds of watts of power, connect point-to-multipoint, and transmit over tens of metersand its defense-related systems will deliver even higher power over even greater distances.

Key Points: 
  • Reachs commercial products will wirelessly deliver hundreds of watts of power, connect point-to-multipoint, and transmit over tens of metersand its defense-related systems will deliver even higher power over even greater distances.
  • In industrial, supply-chain, and government settings alike, Reach can untether power in the same way that Wi-Fi untethered data and access to the internet.
  • This new investment will enable us to deliver our high-performance wireless power solutions to provide versatile and intelligent power distribution worldwide.
  • Reach's wireless power changes electric power delivery in the same way that Wi-Fi changed data delivery.

ATrack Launches 4G Telematics Devices and Asset Trackers

Retrieved on: 
Friday, December 2, 2022

ATrack Technology Inc. , a well-known global telematics brand, has launched two new products, their AK300 LTE vehicle tracker and AS500 long standby asset tracker .

Key Points: 
  • ATrack Technology Inc. , a well-known global telematics brand, has launched two new products, their AK300 LTE vehicle tracker and AS500 long standby asset tracker .
  • View the full release here: https://www.businesswire.com/news/home/20221201005467/en/
    ATrack launches AS500 long standby asset tracker and AK300 vehicle tracker.
  • The launch of the AK300 vehicle tracker and AS500 long standby asset tracker satisfy customer's transitional 3G to 4G product needs, and assist improving fleet and asset management efficiency.
  • Founded in January 2010 and listed on the TPEx in 2015, ATrack Technology is the world's leading brand of telematics products and services.