Supply Chain Management

ReposiTrak Adds 20 New Suppliers to Rapidly Expanding Food Traceability Network

Retrieved on: 
Tuesday, April 9, 2024
Technology, Other Retail, FDA, Specialty, Software, Food, Beverage, Health, Data Management, Supply Chain Management, Retail, Software as a service, RTN, CTE, Ice cream, KDES-FM, TRAK, Cheese

ReposiTrak (NYSE:TRAK), the world’s largest food traceability and regulatory compliance network, leveraging its established inventory management and out-of-stock reduction SaaS platform, today announced the addition of 20 dairy and shell egg suppliers to the ReposiTrak Traceability Network® (RTN).

Key Points: 
  • ReposiTrak (NYSE:TRAK), the world’s largest food traceability and regulatory compliance network, leveraging its established inventory management and out-of-stock reduction SaaS platform, today announced the addition of 20 dairy and shell egg suppliers to the ReposiTrak Traceability Network® (RTN).
  • The 20 suppliers are using RTN to share FDA-required food traceability data with five different retail and wholesale customers.
  • “The ReposiTrak Traceability Network simplifies food traceability for suppliers, whether you’re sharing data with one customer or multiple wholesalers and retailers like these dairy and egg suppliers," stated Randy Fields, chairman and CEO of ReposiTrak.
  • “It’s also important for suppliers to know that through ReposiTrak, you can share traceability KDEs for any food – on or off the Food Traceability List."

Platform Science Raises $125 Million in Growth Capital

Retrieved on: 
Tuesday, April 9, 2024
Hardware, Technology, Apps, Applications, Other Transport, Trucking, Fleet Management, General Automotive, Transport, Aftermarket, Automotive, Software, Logistics, Supply Chain Management, Networks, Vehicle Technology, Mobile, Wireless, MSD, Growth, Original equipment manufacturer, BDT, PACCAR, Daimler Truck North America, Daimler Truck, Testament, Werner Enterprises, GDP, Ecosystem, API

Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.

Key Points: 
  • Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.
  • Platform Science also had strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures, underscoring their commitment to the company’s growth plans.
  • By doing so, we expect innovation to change transportation in the same way smartphones have changed our lives,” said Platform Science co-founder and CEO Jack Kennedy.
  • We look for opportunities that are driving impact at scale, and Platform Science is doing exactly this.

Ranpak Strengthens Wrapping Portfolio with Launch of Geami MV™ Converter

Retrieved on: 
Tuesday, April 9, 2024
Supply Chain Management, Packaging, Online Retail, Retail, Environment, Sustainability, Manufacturing, Cosmetics, Multimedia, Foot

(“Ranpak”) (NYSE: PACK), a global leader of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, today announced the launch of the Geami MV™ wrapping system, a compact powered converter that delivers an optimal mix of productivity and simplicity.

Key Points: 
  • (“Ranpak”) (NYSE: PACK), a global leader of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, today announced the launch of the Geami MV™ wrapping system, a compact powered converter that delivers an optimal mix of productivity and simplicity.
  • View the full release here: https://www.businesswire.com/news/home/20240409116353/en/
    The new Geami MV powered converter provides effective wrapping solutions in a compact size profile.
  • By combining key features from prior solutions launched in 2023, including the Geami MS Mini ™ and the Geami Wrap 'n Go ™ systems, the Geami MV™ solution improves productivity, saves space, and maintains a consistent wrapping experience.
  • The Geami MV™ system accommodates light paper rolls and can incorporate both Geami® paper and interleaf paper for additional surface protection when needed.

New Report: 98% of Shopify Merchants Have Difficulty Aligning Inventory and Production with Changing Consumer Demand

Retrieved on: 
Tuesday, April 9, 2024
Supply Chain Management, Professional Services, Online Retail, Retail, Small Business, Technology, Software, Cloud, SMB, McKinsey & Company, Software as a service, Growth, Research, Luigi, Artificial intelligence, News, Katana, Small business, Online shopping

Today, Katana Cloud Inventory, a fast-growth inventory software solutions for small and medium-sized businesses (SMBs), unveiled its 2024 Ecommerce Performance Report on Shopify merchants.

Key Points: 
  • Today, Katana Cloud Inventory, a fast-growth inventory software solutions for small and medium-sized businesses (SMBs), unveiled its 2024 Ecommerce Performance Report on Shopify merchants.
  • The survey of more than 100 SMB ecommerce leaders in the U.S. and Canada revealed that a staggering 98% of respondents have difficulty aligning inventory and production with changing consumer demand and of those, 60% reported significant difficulty.
  • This changing landscape includes many challenges, including supply chain disruptions, shifting consumer habits, and a significant rise in materials cost.
  • Shopify merchants can integrate Katana's cloud inventory software to gain full insight into demand, sales, products, production and purchasing for total visibility into the order fulfillment process.

Product Development Outlook: Economy, Workforce Overtake Supply Chain Challenges as Key Innovation Roadblocks

Retrieved on: 
Tuesday, April 9, 2024
Electronic Design Automation, Consumer Electronics, Medical Devices, Technology, Other Manufacturing, Engineering, Automotive Manufacturing, Transport, Aerospace, Manufacturing, Logistics, Supply Chain Management, Health, Intelligence, Protolabs, Retail

Protolabs surveyed more than 700 engineers, designers, and product developers across all product development stages, from early prototyping to ongoing production.

Key Points: 
  • Protolabs surveyed more than 700 engineers, designers, and product developers across all product development stages, from early prototyping to ongoing production.
  • “While those challenges are evolving, we are excited to assist product developers as they continue to push the pace of innovation beyond what most thought possible.”
    Respondents made clear today’s product development process is driven by a need for speed.
  • Time-related constraints were mentioned far more than any other challenge influencing product development during the prototyping stage.
  • Survey respondents expect to slowly close the door on pandemic-related product development challenges, namely material shortages and supply chain disruption.

New Index from ASCM and KPMG Finds Supply Chain Stability Improving Despite Ongoing Challenges

Retrieved on: 
Tuesday, April 9, 2024
Supply Chain Management, Trucking, Logistics, Retail, Transport, Automation, KPMG, ASCM, CSCP, Customer, Supply, Outsourcing, CAE, European, KPMG LLP, Digital technology, Instability, CPA, Management

The Association for Supply Chain Management (ASCM) and KPMG LLP today released the latest findings from the KPMG Supply Chain Stability Index, which is designed to help supply chain professionals understand the stability of U.S. operations, and serve as a barometer for the greater global supply chain community.

Key Points: 
  • The Association for Supply Chain Management (ASCM) and KPMG LLP today released the latest findings from the KPMG Supply Chain Stability Index, which is designed to help supply chain professionals understand the stability of U.S. operations, and serve as a barometer for the greater global supply chain community.
  • The Index found that 2023 was a year of tremendous improvement and increased supply chain stability overall, with several variables still driving continued fragility.
  • The KPMG Supply Chain Stability Index, in association with ASCM, suggests a complete return to pre-pandemic normalcy remains unlikely in 2024.
  • "While supply chain challenges do persist, the overall return to increased levels of stability is a testament to the incredible efforts of countless supply chain professionals,” said ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE.

Core & Main Signs Agreement to Acquire Geothermal Supply Company Inc.

Retrieved on: 
Monday, April 8, 2024
Other Natural Resources, Utilities, Transport, Logistics, Supply Chain Management, Energy, Natural Resources, CNM, Partnership, Knowledge, GSC, Growth, HDPE, Water, Renewable energy

Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all of the assets of Geothermal Supply Company Inc. (GSC).

Key Points: 
  • Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all of the assets of Geothermal Supply Company Inc. (GSC).
  • “Adding GSC to the Core & Main family will create exciting new opportunities for us in an important and expanding area for HDPE.
  • Joining Core & Main will offer our team continued opportunities to deliver on these goals," said Matt Lile, owner and operations manager of GSC.
  • “I am immensely proud of our progress and growth over the years and eagerly anticipate all we can accomplish as part of Core & Main."

RXO Expands Responsible Care® Certification

Retrieved on: 
Monday, April 8, 2024
Trucking, Manufacturing, Logistics, Supply Chain Management, Transport, Chemicals, Plastics, Health, Certification, Oil, American Chemistry Council, Safety, Responsible Care, EHS, ISO, Lubricant, ACC

RXO (NYSE: RXO), a leading provider of asset-light transportation, announced today it has expanded its Responsible Care® certification from the American Chemistry Council (ACC) to include brokerage operations at its Charlotte, North Carolina, headquarters.

Key Points: 
  • RXO (NYSE: RXO), a leading provider of asset-light transportation, announced today it has expanded its Responsible Care® certification from the American Chemistry Council (ACC) to include brokerage operations at its Charlotte, North Carolina, headquarters.
  • RXO has held a certification for more than 13 years.
  • Certification requires adherence to Responsible Care guiding principles, with assessments and audits ensuring compliance.
  • “RXO has held the Responsible Care certification for more than a decade in our managed transportation business, and we’re proud to expand this certification for our brokerage customers,” said Drew Wilkerson, chief executive officer at RXO.

Windfall Bio Raises $28 Million Series A to Scale Methane Capture & Transformation Solution

Retrieved on: 
Monday, April 8, 2024
Technology, Manufacturing, Oil, Gas, Energy, Transport, Other Natural Resources, Environment, Other Technology, Sustainability, Agriculture, Natural Resources, Other Manufacturing, Logistics, Supply Chain Management, Climate Change, Tetra, Windfall, Health, Attention, Methane, Waste management, Tetra Laval, Mems, Nitrogen, Central Waqf Council, Sale, Climate, Carbon, Breakthrough Energy, Whole Foods Market, Atmosphere, Traction, Soil, Natural gas

Supporting its commercial pipeline, the new capital will enable Windfall to expand pilot deployments across methane intensive industries including agriculture, oil and gas, and waste management.

Key Points: 
  • Supporting its commercial pipeline, the new capital will enable Windfall to expand pilot deployments across methane intensive industries including agriculture, oil and gas, and waste management.
  • Windfall will also invest resources to continue building out its team, manufacturing capacity and supply chain to meet growing global customer demand for methane mitigation solutions.
  • Uniquely, Windfall’s approach can rapidly scale globally across large industries to meaningfully reduce methane emissions,” said Mark Cupta, Managing Director at Prelude Ventures.
  • The Series A funding brings the company’s total fundraising amount to $37 million and further validates the need and promise for its methane mitigation solution across multiple industries.

o9 and Resilinc Partner to Provide Joint Clients With Greater Visibility Into Their Multi-Tier Supply Network

Retrieved on: 
Monday, April 8, 2024
Supply Chain Management, Technology, Professional Services, Delivery Services, Transport, Apps, Applications, Retail, Data Analytics, Software, Artificial Intelligence, Logistics, Partnership, Risk, Risk management

The partnership will enable joint clients to monitor their n-tier supply network to sense upstream risks, determine impacts, and propagate them across their extended supply chain.

Key Points: 
  • The partnership will enable joint clients to monitor their n-tier supply network to sense upstream risks, determine impacts, and propagate them across their extended supply chain.
  • Resilinc holds 13 years’ worth of supply chain risk data including a validated supplier network that has been mapped down to the sub-tier, part-site, and commodity level.
  • This alliance will provide customers with even greater visibility into their sub-tier networks,” said Resilinc Chief Revenue Officer, Fred Brown.
  • “We’re thrilled to partner with Resilinc to enable extended supplier collaboration capabilities to the o9 platform, allowing clients to gain better visibility into their multi-tier networks.”