[ad_1]
Watch CBS News
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.
[ad_2]
Tag: Supply Chain
-
Nokia posts forecast-beating net profit
[ad_1]
Nokia Corp. on Thursday posted a forecast-beating third-quarter net profit as demand for mobile networks and network infrastructure remained strong and supply-chain constraints eased.
Nokia
NOK,
-1.94% NOKIA,
-6.26%
said it still expects to deliver net sales growth in mobile networks on a constant-currency basis in 2022 after strong sales growth in North America during the quarter, while sales in Europe, Latin America and Greater China also grew.Comparable net profit for the quarter rose to 550 million euros ($537.6 million) from EUR454 million a year earlier as sales rose 16% to EUR6.24 billion, it said.
Analysts polled by FactSet had expected comparable net profit of EUR510 million on sales of EUR6.05 billion.
On a reported basis, Nokia posted a net profit of EUR427 million from EUR342 million a year earlier.
Nokia lifted full-year sales guidance to between EUR23.9 billion and EUR25.1 billion from EUR23.5 billion and EUR24.7 billion, adjusted for currency. It still sees the full-year comparable operating margin at 11%-13.5%.
“While risks around timing of outstanding deals in Nokia Technologies remain, assuming these close we continue tracking towards the high-end of our net sales guidance for 2022 and towards the mid-point of our operating margin guidance,” Chief Executive Pekka Lundmark said.
Write to Dominic Chopping at dominic.chopping@wsj.com
[ad_2]
-
Nokia posts forecast-beating net profit
[ad_1]
Nokia Corp. on Thursday posted a forecast-beating third-quarter net profit as demand for mobile networks and network infrastructure remained strong and supply-chain constraints eased.
Nokia
NOK,
-1.94% NOKIA,
-5.29%
said it still expects to deliver net sales growth in mobile networks on a constant-currency basis in 2022 after strong sales growth in North America during the quarter, while sales in Europe, Latin America and Greater China also grew.Comparable net profit for the quarter rose to 550 million euros ($537.6 million) from EUR454 million a year earlier as sales rose 16% to EUR6.24 billion, it said.
Analysts polled by FactSet had expected comparable net profit of EUR510 million on sales of EUR6.05 billion.
On a reported basis, Nokia posted a net profit of EUR427 million from EUR342 million a year earlier.
Nokia lifted full-year sales guidance to between EUR23.9 billion and EUR25.1 billion from EUR23.5 billion and EUR24.7 billion, adjusted for currency. It still sees the full-year comparable operating margin at 11%-13.5%.
“While risks around timing of outstanding deals in Nokia Technologies remain, assuming these close we continue tracking towards the high-end of our net sales guidance for 2022 and towards the mid-point of our operating margin guidance,” Chief Executive Pekka Lundmark said.
Write to Dominic Chopping at dominic.chopping@wsj.com
[ad_2]
-
Higher Hotel And Car Supply Chain Pressuring Package Travel Options
[ad_1]
Package tours represent a subset of all leisure travel. Higher hotel and rental car rates, along … [+]
Supply chain is a term that used to be used only by those in business or logistics. Today, we hear this daily as to why baby formula is not available, or why containers are stacked up in a port. At Dario’s Italian restaurant in Boston’s Logan airport, on a recent visit they had no cream delivered so could not make some of the items on the menu. The waiter said “you know, the supply chain problem.” Airlines have used supply chain excuses to explain late delivery of aircraft or why they can’t meet a pre-anticipated level of capacity. In many things we buy, we realize our dependency on supply chains when things are not available as we’d expect.
Airline travelers are facing supply chain problems in other areas, too. Package tours, meaning vacations bought that include a flight, hotel, maybe a car, and experiences, have been affected because not all opportunities have been available or the prices have been especially high. While leisure travel in general was strong in the summer and has stayed strong into the fall, this category of leisure travel is challenged and represents a small risk to a full airline demand recovery.
Important Segment Of Leisure Travel
People travel for leisure for many reasons. Package Tours make up a small segment of all leisure travel, but this segment is more important to certain destinations. About 30% of travelers say that they want to pack a lot experiences into their vacation. For these people, a package tour can be the way to fill the days. In 2019, my family took a two-week vacation to Vietnam. We worked with a local travel agency who arranged our internal flights, all hotels, and made us aware of many different activities. We likely could have arranged this all ourselves had we taken time to explore and search, but buying the tour was worth it for us and we had a great and memorable time.
Especially internationally, package tours can be way to see things and get access that would be difficult or more expensive another way. When hotels are not available or certain activities are not available due to supply chain shortages, this could change the desire to visit a place. While the amount of travel or number of travelers may not change, these supply chain challenges could affect international leisure destinations the most and correspondingly the airlines that fly these routes.
Staffing Issues Affecting Hotels And Resorts
One of the biggest issues affecting package rates is the sharp increase in hotel and resort rates. One industry executive stated that while the employee shortages were more acute last year, many properties have kept the higher rates put in place at this time even as some of the pressures have waned. Like airlines, price elasticity affects hotels and resorts, meaning that higher rates reduce the demand. While the “revenge travel” idea may mute this somewhat, eventually higher rates will dampen demand.
Consumers often decide a trip based on the total price. Higher prices for air fares and hotel rates means one of two things: some locations will suffer absolute volume, and others will get visits but for shorter stays. For both airlines and hotels, one advantage of a package price is that the amount paid for the air fare and the hotel is opaque to the buyer. This allows the airline or the hotel to offer promotional rates to fill otherwise unused capacity, but in a way that doesn’t invite a competitive match or dilute the non-packaged “rack rates.’’
Car Rentals Still Challenged
Car rental companies returned many vehicles just after the pandemic hit, and still are facing shortages in vehicles in many locations. Just as new cars are facing supply problems, due to chips or other supply chain issues, this has meant that rental companies often don’t have enough vehicles to meet demand. On a recent trip to Florida, we were told that on check-in that no cars would be available for two to three hours. When we walked out to the car area were able to take a Ford F150 that had just been returned, even though we had rented a mid-size.
Another industry executive referred to car rental rates as staying “incredibly inflated.” This, like the flight and hotel issue, adds more uncertainty to the package opportunity that likely will be more highlighted at busy holiday times. It also means that ride share, like Uber or Lyft, will likely to be used more often for some trips. Like the hotels are doing, it is likely that car rental companies will test keeping their higher rates even as they bring car inventories back to demand-satisfying levels.
Housing Prices Can Affect This Travel
One often under-appreciated aspect of package vacations is the relationship with housing prices and valuations. For some demographics, home equity loans are the primary way these vacations are funded. When housing values are high and interest rates are low, there is more equity to tap in a loan to take this kind of family trip. With interest rates shooting up and housing values stalling, this limits the ability to take such a loan or raise the rates to a point uncomfortable for many potential buyers.
This doesn’t affect all buyers of these products, but affects some of it. The industry has seen this in other environments, like in the housing crisis of 2008-2011. During this time, some of the most price-sensitive travel just vanished as people’s source of funding evaporated.
Contributes To Revenue Uncertainty
In the recent Delta Airline’s earnings release, CEO Ed Bastian spoke bullishly about the demand environment. He focused on the normal drop off from summer to fall not happening, and pointed out that there are no signs demand is weakening. Most of his comments were about business travel and higher-priced leisure travel. While higher-priced leisure may be an industry strength over the next year, there are still many pressures holding back a full volume return of corporate business travel.
Airline industry revenues may be leveraged more on business and higher-end travel, but the high fixed costs of the industry means that airlines often need to fill in gaps with price-sensitive leisure travelers. When hotel, rental car and other prices for vacationers rise, it adds to the the uncertainty of the revenue environment. While many trends are positive, as Delta pointed out, this strength is not top to bottom and this creates some uncertainty in total revenues. Different airline business models may be more at risk than others for some of these trends.
[ad_2]
Ben Baldanza, Contributor
Source link -
Philips warns of 5% fall in like-for-like sales due to supply-chain woes
[ad_1]
Royal Philips NV said Wednesday that its performance for the third quarter was hurt by stronger-than-anticipated supply-chain challenges, and adopted a more pessimistic view on its sales through the end of the year.
The Dutch health-technology company
PHIA,
-8.01% PHG,
-0.80%
said that it expects to record a 1.3 billion euro ($1.26 billion) impairment charge in the period. The company said that this is an impairment of goodwill of Philips Respironics, its sleep and respiratory care business, and that it is due to revisions to the business’s financial forecast.This compares with adjusted Ebita of EUR512 million, or 12.3% of sales, a year earlier.
Analysts had seen the metric at EUR336 million, according to a consensus estimate provided by the company.
Philips expects to book a EUR1.3 billion impairment charge on its sleep and respiratory care business after revising its financial forecast for the unit, it said.
Group comparable sales for the quarter fell around 5%.
For the last quarter of the year, Philips now expects a mid-single-digit decline in comparable sales, it said.
In late July, Philips had guided for 6%-9% growth in comparable sales over the second half of the year.
“Philips still expects a better second half of the year, compared to the first half of 2022. However, the company sees prolonged supply chain disruptions and a worsening macro-environment,” it said.
The company said it expects adjusted Ebita margin to be in the range of a high single to double digit for the last quarter of the year.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com and Cristina Roca at cristina.roca@wsj.com
[ad_2]
-
Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year
[ad_1]
Shares of Nike Inc. plunged as much as 10% after hours Thursday, after the athletic-gear giant’s executives said price-cutting efforts to flush off-season clothing from warehouses in North America would dent gross margins for the rest of its fiscal year and warned of a big potential hit from the stronger dollar.
Management also said they expected their rivals to keep cutting prices through at least the end of the calendar year, as they try to clear their own stockpiles. But the Nike executives said inventory levels in North America likely “peaked” in its first quarter, which ended on Aug. 31, and expected levels to even out — with newer, seasonally-aligned, in-demand product — in the months ahead as it prepares for the holiday rush.
“We’re taking decisive action to clear excess inventory, focusing on specific pockets of seasonally late product, predominantly in apparel,” Chief Financial Officer Matthew Friend said on Nike’s earnings call.
He added that he expected the moves to have a “transitory impact” on gross margins for the year.
The lopsided inventory levels, which grew 44% during Nike’s third quarter, followed factory closures last year in Asia, where most of its footwear is made, that led to late product deliveries, Friend said.
But those late deliveries are now getting mixed in with holiday-season deliveries that are set to arrive earlier than planned. The earlier arrivals, executives said, were a function of earlier ordering — due to the shipping delays that have characterized the past year —and then a sudden, more recent improvement in those shipping times.
And as the U.S. dollar strengthens, Friend said he expected the full-year negative impact of foreign exchange on reported sales and earnings before interest and taxes to be $4 billion and $900 million, respectively.
Still, executives said inventory management in China was “ahead of plan” as it recalibrates supply and navigates COVID-19 related restrictions there. And they said that consumer demand was still strong, despite rising prices. Friend and CEO John Donahoe both repeated that Nike remained customers’ “No. 1 cool” and “No. 1 favorite” brand.
Donahoe said shoes like the Air Max Scorpion — which offered the “most air ever, in terms of pound per square inch” — reflected Nike’s commitment to innovation. The company’s Travis Scott and LeBron 20 sneakers also remained popular, executives said. The back-to-school season, and demand for its Jordan and Converse sneakers, were also solid.
As for fiscal first-quarter financials, Nike reported net income of $1.5 billion, or 93 cents a share, compared with $1.9 billion, or $1.16 a share, in the year-earlier period. Sales came in at $12.7 billion, compared with $12.2 billion a year ago.
Analysts polled by FactSet expected earnings of 92 cents a share on sales of $12.28 billion. Shares of Nike
NKE,
-3.41%
were last down 9.3% after hours, but fell more than 10% at one point after the close.Prior to the report, analysts following Nike had zeroed in on the impact of the stronger U.S. dollar, the impact of China’s COVID lockdowns, as well as the effects from bigger discounts to sell shoes and other gear that sat around for too long due to backups in the company’s supply chain. The back-to-school season, and competition with the likes of Adidas AG
ADDYY,
-5.21%
were also points of focus for Wall Street.Gross margins fell to 44.3% from 46.5% during the quarter. Nike executives said the decrease “was primarily driven by North America, which took measures to liquidate excess inventory through Nike Direct markdowns and wholesale marketplace actions.”
Inventory for Nike stood at $9.7 billion, a 44% increase from the year-earlier period, due to what executives described as “ongoing supply-chain volatility, partially offset by strong consumer demand during the quarter.”
Nike, in June, said it expected “higher promotional activity” in the first quarter, as it tries to sell seasonal items that arrived late, following the factory closures last year in Asia. However, for the full year ahead, management at that time said it was planning for “mid-single-digit price increases.”
Executives also said then that they were planning to expand sales that go directly to consumers, via its own stores and online. The company over the years has been trying to rely less on retail chains like Foot Locker Inc.
FL,
-6.36%
for sales.Shares of Nike have fallen 43% so far this year. By comparison, the S&P 500 index
SPX,
-2.11%
is down around 24% over that time.[ad_2]
-
White House Announces $8 Billion to Combat Hunger in the U.S.
[ad_1]
Sept. 29, 2022 — The Biden administration has announced $8 billion in public and private commitments toward fighting hunger and improving nutrition in the United States.
“This goal is within our reach,” President Biden said Wednesday during the first White House summit on hunger in 50 years. “In America, no child should go to bed hungry. No parent should die of disease that can be prevented.”
The White House Conference on Hunger, Nutrition and Health comes as food costs are rising, supply chain issues remain from the pandemic, and food-related ailments continue. The administration announced a “bold goal” of ending hunger by 2030 and increasing healthy eating and physical activity.
Among the key proposals:
- Expand free school meals to 9 million more children by 2032
- Allow more people to get food stamps
- Help with transportation for people who don’t live near grocery stores and farmers markets
- Increase money for nutrition programs helping seniors
- Reduce food waste, since a third of all food in the United States goes to waste, the White House says.
Many of the efforts need congressional approval. Biden can take some action through executive order.
The Washington Post reported, “The pervasiveness of diet-related diseases creates broader problems for the country, White House officials said, hampering military readiness, workforce productivity, academic achievement and mental health.”
The newspaper also reported that the U. S. Department of Agriculture says that 10.2% of U.S. households were “food insecure” in 2021. That means they didn’t have enough food to meet everyone’s needs.
CNN said that more than 100 organizations have committed to help pay for Biden’s initiatives, including hospitals, health care associations, tech companies, philanthropies, and the food industry.
At least $2.5 billion will go to start-up companies focused on finding solutions to hunger and food insecurity, according to the White House.
[ad_2]
-
PLA Acquires TaylorMade Pallets & Logistics
[ad_1]
Addition of TaylorMade’s San Antonio facility expands PLA’s asset-based footprint and strengthens service capabilities.
Press Release
–
Aug 30, 2022
DALLAS, August 30, 2022 (Newswire.com)
–
Pallet Logistics of America (“PLA” or the “Company”), a portfolio company of Silver Oak Services Partners, LLC (“Silver Oak”) and an asset-based pallet management services provider, has acquired TaylorMade Pallets & Logistics (“TaylorMade”), the largest independently-owned pallet company in Central/South Texas. Founded in 2000 by Jeff and Jenny Gill, TaylorMade is a family-owned and operated provider of new, recycled, remanufactured, and custom-sized pallets. With a 17-acre facility in San Antonio, Texas, TaylorMade serves a highly-diversified customer base, including various Fortune 500 companies.The acquisition of TaylorMade brings PLA’s asset network to 77 facilities and expands the Company’s capacity and service capabilities within the South Texas market. “We are honored to join the PLA Family of Companies,” said Byron Evans, CEO of TaylorMade. “Our entire team is looking forward to offering South Texas an even broader array of pallet and logistics services through PLA’s expansive network and capacity.”
“I’m proud to welcome TaylorMade to the PLA Family of Companies,” said Kyle Otting, CEO of PLA. “TaylorMade’s highly-efficient operations, dedication to quality, and commitment to their customers have earned them their position as one of the leading pallet operators in South Texas.”
Wade Glisson, Partner at Silver Oak, added, “We are excited to partner with the Gill family, Byron Evans, and the entire team at TaylorMade, and look forward to supporting their continued growth. TaylorMade represents the sixth strategic partnership within the PLA platform, further expanding our footprint and enhancing our service capabilities.”
About PLA
Founded in 1989 and headquartered in Dallas, Texas, PLA is a national supply chain solutions provider offering Pallet Management Services, 3PL Services, Reverse Logistics Services, and Freight Brokerage & Transportation Management Services, handling more than 115 million pallets per year for over 500 customers. Operating under the Pallet Logistics of America, Pallet Repair Services (“PRS”), Pal-Serv, Propak, TaylorMade, Valley Pallet, and Yancey Pallet brands, PLA operates over 75 facilities across the U.S., providing a comprehensive suite of supply chain management solutions. Learn more at www.plasolutions.com.
About TaylorMade Pallets & Logistics
Founded in 2000 by Jeff and Jenny Gill, TaylorMade is a family-owned and operated provider of recycled, new, and custom-sized pallets. Based in San Antonio, Texas, the company is the largest independently owned pallet company in Central/South Texas, with a 17-acre facility and over 100 trailers. Learn more at www.taylormadepallets.com.
About Silver Oak Services Partners
Founded in 2005 and based in Evanston, IL, Silver Oak Services Partners, LLC (“Silver Oak”) is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry-leading business, consumer, and healthcare service companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities. Silver Oak seeks to make control investments in leading service businesses with $15 to $150 million in revenue. The firm is currently investing out of its fourth fund, a $500 million investment vehicle. Learn more at www.silveroaksp.com.
Media Contact
Hillary McCutcheon, Freshwater Marketing
hillary@freshwater-marketing.comSource: PLA
[ad_2]
-
TCI Continues its Growth in Automotive Parts Distribution with CDS Merger
[ad_1]
Merger between TCI and CDS will help ensure continued success and exceptional service to the Automotive Parts Distribution Industry.
Press Release
–
updated: Jul 8, 2022
LOS ANGELES, July 7, 2022 (Newswire.com)
–
TCI Dedicated Transportation Companies (TCI) and Command Delivery Systems, Inc. (CDS) have merged to unite their transportation businesses. This union enables both companies to fully align their efforts with their mutual goal of ensuring future success and exceptional service for the Automotive Parts Distribution industry. Work will continue to be conducted under the brand of Command Delivery Systems (CDS), but TCI Environmental Services, Inc. will be the legal entity.For more than 30 years, CDS has served the automotive industry by transporting new car replacement parts from manufacturers to dealers in California, Arizona, Nevada, and Utah. Since 1978, TCI Transportation has provided a variety of services and now consists of a large network of partners and customers across the U.S. Given that CDS is an expert in the pickup and delivery of parts and TCI is a leader in all facets of the trucking industry, this merger comes naturally.
The leadership team overseeing this transition brings a combined 65 years of experience to the table. Members of the team from CDS include Founder and President Greg Selmanson, and Director of Operations Juan Martinez, and from TCI include Co-Presidents Andrew Flynn and Ryan Flynn. As a result of their complementary strengths, both companies expect many opportunities to emerge from this union.
“The synergies between our organizations are tremendous,” said Ryan Flynn. “CDS brings excellence in auto parts consolidation and distribution. TCI brings world-class safety, maintenance, recruiting and back office support. Combining the strengths of both companies will help extend our auto parts distribution services to additional shippers while expanding our footprint into more of the regions TCI currently operates in.”
With CDS being the newest addition to TCI Environmental Services, it will continue working to develop a broader transportation network while maintaining a focus on its employees and the community at large. The plans for expansion will not only create more jobs, but existing employees will enjoy ongoing training and future growth opportunities as well. In addition to developing new strategies for growth, CDS will be continuing investment in new and innovative equipment, including alternative fuel vehicles. Both TCI and CDS are also looking to add new locations and offer additional transportation services to their respective customers.
“I want to thank the many dedicated CDS employees for their years of hard work and commitment,” said Greg Selmanson. “I couldn’t be prouder of the culture we’ve built or the service we’ve consistently provided to our customers. I’m looking forward to the opportunity to continue to grow the business with Andrew and Ryan Flynn.”
During a time when industries are experiencing shortages and perpetual changes, the merger of successful companies like TCI and CDS is a shining example of the many opportunities still available. As these teams continue to keep their shared values central to their work and maintain their strong commitment to stakeholders, customers, and employees, this merger helps to demonstrate that sustainable success can be possible when business leaders prioritize the people that keep them operating.
“CDS is a great fit for TCI, and we feel the cultures and service levels will line up perfectly,” said Andrew Flynn. “TCI already operates various dedicated systems and has multiple facilities across the region Command operates in and we look forward to growing the auto parts distribution portion of the business as part of the Command division.”
Media Contact:
Ryan Flynn
President
flynnr@TCI-leasing.com
(602) 330-3599Source: TCI Transportation
[ad_2]
-
3PL Central Rebrands as Extensiv, the Most Comprehensive and Collaborative Solution for the Supply Chain
[ad_1]
The first to connect the supply chain from shopping cart to doorstep, Extensiv also launches Market Insights to guide organizations through ecommerce demand uncertainty
Press Release
–
May 23, 2022
El Segundo, CA, May 23, 2022 (Newswire.com)
–
3PL Central—delivering connected commerce omnichannel solutions that integrate systems for warehouse, inventory, and order management—is rebranding as Extensiv to better align to the full-scale, connected, and collaborative software capabilities it delivers to brands and 3PLs. Extensiv is also announcing the launch of Extensiv Market Insights. The free, continually-updated benchmark tool offers data-driven insights into ecommerce order volumes across key shopping sites.Extensiv: Creating the Future of Omnichannel Fulfillment
Extensiv, formerly 3PL Central, connects the supply chain – from the shopping cart to the doorstep – with industry-leading technology that provides unparalleled simplicity and value to its customers. Extensiv’s intelligent distribution is used by warehouse professionals and entrepreneurial brands to transform fulfillment operations in the radically changing world of commerce and consumer expectations.
“The old paradigms of ecommerce and logistics software don’t work anymore,” said Andy Lloyd, CEO at Extensiv. “Legacy systems, like ERPs, are slow, fail to deliver the metrics that today’s 3PLs and brands need to stay competitive, and have become unwieldy with bolted-on integrations. Extensiv’s platform combines all the software capabilities required to build a seamlessly collaborative and modular fulfillment network that fits customers’ specific use cases. Modern fulfillment is built on speed, visibility, and resiliency between 3PLs and brands – and that’s what Extensiv was built to deliver.”
The decision to rebrand as Extensiv is the culmination of a strategic plan to offer ecommerce brands and third-party logistics (3PL) warehouses a new approach to growth. In 2021, 3PL Central acquired Skubana, Scout Software, and CartRover, eliminating the need for 3PLs and brands to piece together disparate solutions to build omnichannel fulfillment capabilities. Through its unrivaled network of more than 1,500 connected 3PLs and a suite of integrated, cloud-based warehouse and order management software, Extensiv connects brands and 3PLs to fulfill demand anywhere, anytime, with superior flexibility and ability to scale.
Launch of Extensiv Market Insights
Extensiv is also launching Extensiv Market Insights, a new website that offers, for the first time, order volume trends for leading vendors such as Amazon and Shopify. Trend data is available at https://extensiv.com/market-insights.
“For many years, brands have had to operate without visibility to whether business fluctuations represent macro-economic trends or something unique to their business,” said Sheridan Richey, CTO at Extensiv. “Extensiv Market Insights tracks volume trends from anonymized data across millions of orders to address this need. This represents part of our broader mission to leverage our cross-industry knowledge and experience to help our customers stay ahead of the demand curve.”
Initially, Extensiv Market Insights will show changes in order volume per merchant processed through leading vendors such as Amazon and Shopify, including:
- Year-over-year volume trends. Extensiv Market Insights shows a macro view of year-over-year order volume trends beginning in 2020.
- Week-over-week volume trends. Extensiv Market Insights also shows changes to order volumes on a week-over-week basis. This enables brands to benchmark their own results to the seasonality changes across the broader e-commerce landscape.
The first release of Extensiv Market Insights shows:
- Unprecedented pandemic volumes. The onset of the pandemic drove record order volumes for Amazon and Shopify in 2020 between March and May and again in November and December.
- Amazon is beating 2021 volumes this year. Early indications are that Amazon is beating its 2021 volumes, but that Shopify is lagging behind its 2021 numbers.
Extensiv Market Insights is available for free at https://extensiv.com/market-insights.
About Extensiv
Extensiv is a visionary technology leader focused on creating the future of omnichannel fulfillment. We partner with warehouse professionals and entrepreneurial brands to transform their fulfillment operations in the radically changing world of commerce and consumer expectations. Through our unrivaled network of more than 1,500 connected 3PLs and a suite of integrated, cloud-native warehouse management (WMS), order management (OMS), and inventory management (IMS) software we enable modern merchants and brands to fulfill demand anywhere with superior flexibility and scale without painful platform migrations as they grow. More than 25,000 logistics professionals and thousands of brands trust Extensiv every day to keep commerce at the pace that modern consumers expect.
Contact:
Bret Clement
Clement | Peterson for Extensiv
or
Rachel Trindade
Extensiv
Source: 3PL Central / Extensiv
[ad_2]
-
Retail Robotics Announces Rapid Expansion with New Robotic Delivery Solutions
[ad_1]
As customers move to online shopping, one thing is clear: Retail Robotics is the next technology company to watch in 2022.
Press Release
–
Apr 5, 2022
NEW YORK, April 5, 2022 (Newswire.com)
–
Retail Robotics, one of the top-rated companies in innovative tech solutions for retailers and logistic services providers, shares new insights on robotic innovations, which can solve problems of so-called “last-mile” and revolutionize global delivery infrastructure for e-commerce and e-grocery. It addresses big challenges the market is currently facing.The market is booming and the forecasts show the growth to $7.385 trillion of global e-commerce sales by 2025. While demand for online deals could grow without limits, the current infrastructure cannot handle the increased volumes. Everything indicates that robotic pick-up points will become one of the key answers to the expectations of online retailers and consumers.
“Classic solutions have low capacity and occupy large space. Whereas home delivery causes higher traffic in cities and generates air pollution. With today’s rapid growth of online shopping, many retailers still lack the efficient delivery options in terms of costs, footprint, capacity, and consumer experience,” explained CEO and Founder at Retail Robotics, Łukasz Nowiński. With the multichannel technology from Retail Robotics, retailers can reduce costs and boost their sales, ultimately contributing to the sustainable development of cities. “Today’s consumers have high expectations for more convenient options allowing them to collect their orders 24/7, safe, fast, easy and for free,” Nowiński added.
For e-grocery retailers, the company provides Arctan technology, the most efficient click-and-collect robotic solution that increases profitability and customer experience, and at the same time offers the lowest footprint. In fact, one Arctan (capacity 202 logistic bins and 28 freezer lockers) replaces 14 classic refrigerated lockers. Arctan Drive version for e-grocery curbside pickup has a high capacity of 896 logistic bins or more (capacity of 56 classic lockers), can fit eight standard parking spots and serve seven customers at a time. It can be integrated with Micro Fulfillment Center for remote loading, enabling a very efficient process.
In the parcel delivery market, Retail Robotics enables logistics providers to reduce costs by up to 90% with its other flagship innovation PickupHero, a robotic parcel locker. It fits 90% of local stores and gives a top customer experience without the involvement of a salesperson. The additional advantage for local shops is a 70% pick-up to purchase ratio.
PickupHero allows rapid expansion in agglomerations such as NY, Paris or London – just by allowing the use of large local store networks like 7-Eleven, without interfering with the city’s architecture. After the successful debut at NRF 2022 Innovation Lab, the company announced plans to implement them on several European markets in 2022.
This kind of transition from home delivery to robotic solutions remains crucial to continued success in the retail landscape ahead. “Retail Robotics carved its path by staying ahead of the competition. I am proud to begin talks with the world’s biggest players to change traditional logistics to robotized parcel lockers, automated machines for e-grocery and click-and-collect pickup points, that will drastically reduce the number of home deliveries, congestion and pollution in cities and increase the efficiency of retail. We all need to be on board to make a significant impact,” announced Łukasz Nowiński.
About Retail Robotics
Retail Robotics is a leading company that creates robotic solutions for retailers and providers of logistic services. Its convenient delivery and collection technologies unleash the full potential of retail, reduce the costs and remove the bottleneck of last-mile delivery.
For more information visit: www.rrobotics.co or www.linkedin.com/company/retail-robotics/.
Media Inquiries:
Anna Dostatnia: anna.dostatnia@rrobotics.co
Aleksandra Wach: aleksandra.wach@rrobotics.co
Source: Retail Robotics
[ad_2]
-
Deliveright Announces Partnership With BigCommerce to Simplify Heavy Goods Deliveries
[ad_1]
AI-powered delivery platform solves final-mile, heavy goods delivery challenges for BigCommerce merchants
Press Release
–
Mar 10, 2022
LEXINGTON, N.C., March 10, 2022 (Newswire.com)
–
Deliveright, a leading final-mile digital delivery platform offering white-glove service, today announced a new partnership with BigCommerce (Nasdaq: BIGC), a leading Open SaaS e-commerce platform for fast-growing and established brands. Deliveright’s AI-powered platform simplifies the complex process of shipping heavy goods such as furniture by automating the entire process.BigCommerce merchants can now take control over all stages of fulfillment, from the point of origin to the customer’s home, with real-time data. The app integrates directly with Deliveright’s Grasshopper platform, provides instant shipping quotes, and offers service levels ranging from curbside to full white-glove delivery.
“The importance of a seamless delivery process cannot be overstated, as it plays a critical role in a brand’s overall service quality. More than ever, consumers want to receive their online purchases quickly, regardless of pervasive supply chain issues,” said Doug Ladden, CEO of Deliveright. “BigCommerce merchants have the opportunity to potentially mitigate delivery delays and improve customer experience with complete visibility and a focus on solving the ever-elusive final-mile challenge.”
Last-mile delivery market share in North America persists as the most challenging process within the supply chain and is expected to increase by $59.81 billion by 2025. Deliveright’s technology empowers BigCommerce merchants to solve final-mile, heavy goods delivery challenges in a fragmented market.
“Our partnership with Deliveright further illustrates our commitment to providing merchants access to the highest-caliber technologies and service providers available in the industry,” said Russell Klein, chief commercial officer for BigCommerce. “Deliveright shares our desire to help merchants sell more and grow faster to maximize success, and we look forward to working together to mutually support customers.”
To learn more about Deliveright’s BigCommerce partnership or to download the app, visit https://www.bigcommerce.com/apps/deliveright/.
About Deliveright
Deliveright is the first AI-powered logistics and delivery technology company to solve final-mile, heavy goods delivery challenges for e-commerce, retailers, and manufacturers needing white-glove service. Launched in 2018 to streamline the supply chain for heavy goods, Deliveright’s technology, combined with its vast delivery network, makes white-glove delivery seamless, transparent, and accessible for businesses of all sizes, enabling improved customer experience and increased revenue. Deliveright’s proprietary logistics technology platform, Grasshopper®, manages all stages of fulfillment, enabling complete supply chain visibility to the customer’s home. Serving more than 1,000 customers in e-commerce and manufacturing across the furniture, industrial equipment, and transportation industries, Grasshopper is also licensed nationwide by delivery and freight companies, ensuring that every delivery is tracked across a complex transportation network and customer service platform. The company is headquartered in North Carolina and operates nationwide and in Canada. For more information, visit https://www.deliveright.com/.
About BigCommerce
BigCommerce (Nasdaq: BIGC) is a leading software-as-a-service (SaaS) e-commerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. As a leading open SaaS solution, BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, Sony and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit www.bigcommerce.com or follow us on Twitter, LinkedIn, Instagram and Facebook.
BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.
Press Contact
Jill Rosenthal for Deliveright
Deliveright@qh-pr.com
Source: Deliveright
[ad_2]
-
WyoTech Providing Quality Education and Career Training During Pressing Diesel Technician Shortage
[ad_1]
The U.S. Bureau of Labor Statistics estimates over 28,000 openings annually over the next decade, further demonstrating WyoTech’s key role in the job market as a leader in diesel and automotive training.
Press Release
–
Jan 24, 2022
LARAMIE, Wyo., January 24, 2022 (Newswire.com)
–
WyoTech, a diesel tech and auto mechanic trade school, continues to provide students with key opportunities for careers as diesel technicians as the industry experiences a decline in qualified candidates. The American Transportation Research Institute (ARTI) has named the ongoing diesel technician shortage as a top concern heading into 2022. This is especially worrying when considering estimations made by the U.S. Bureau of Labor Statistics, which predicts that over 28,000 openings for diesel service technicians and mechanics will surface annually for the next 10 years.The TechForce Foundation, a non-profit organization that champions all students to and through their education and into careers as professional technicians, made a series of projections that suggested the demand for new entrant diesel technicians will rise to 35,000 openings by the year 2024.
In an effort to promote technician training and placement during this period of increasing demand, the ATRI has encouraged collaboration between motor carriers, diesel technician programs and schools, and community colleges. The goal is to create an encompassing and comprehensive education for future diesel tech professionals.
“The shortage of technicians is not a problem of the future, it is now. This has a large impact on not just C&B Operations, but on many other companies across the nation. It greatly impedes the ability of companies to repair products and return them to customers in a timely manner. Industry partners such as Wyotech have been a blessing producing quality students to bridge that gap of the supply meeting the demand,” said Adam Somers, Regional Human Resources Manager for C&B Operations.
Respondents in the TechForce Foundation study also approved of this strategy, with 55.6% expressing that the best approach to diesel technician recruitment involved the collaboration of schools and employers. Additionally, 14.2% of respondents suggested that focusing the industry’s efforts on military veterans, particularly those with experience working on military equipment, was the best recruitment strategy. This would involve employers and educational institutions assisting veterans directly, as well as participating in conjoined efforts with the U.S. Department of Labor Veterans’ Employment and Training Services.
The desire for collaboration between motor carriers and technician schools is paramount for Laramie, Wyoming-based WyoTech, which recently played a key role in recruiting students for positions at a John Deere dealer. In an effort to continue its mission of providing students with the ability to turn their educational experiences into careers, WyoTech has prioritized the promotion of networking and career-focused events as a key part of its curriculum.
In addition to giving students the tools necessary to succeed within the field, WyoTech also hosts quarterly job fairs during which companies from across the country recruit candidates for technician roles in a variety of industries. While each individual WyoTech student is unique in terms of their background, skill sets, and interests, WyoTech’s approach to training is universal in its ability to prepare every student with a strong professional foundation. The diesel mechanic school’s instructors make it a priority to give each individual student a chance to succeed within their respective classes. This approach improves students’ chances of securing positions within their desired industry after graduation.
“Collaboration between diesel tech schools – such as WyoTech – are vital to not only the industry, but also the current supply chain issues that are plaguing the nation,” said WyoTech President Jim Mathis. “The technical school industry, as well as the ATRI, knows the importance of the education and training we provide students and what it means for the industry as a whole. The more schools that can collaborate with employers and motor carriers, the better long-term outlook the industry has.”
For more information regarding WyoTech’s diesel and automotive trade school, please visit https://www.wyotech.edu.
Contact Information
Mike Albanese
Mike.albanese@newswire.comSource: WyoTech
[ad_2]
-
PayCargo Capital and Evolve Bank & Trust Partner to Help Relieve Supply Chain Crisis
[ad_1]
Press Release
–
Dec 22, 2021
CORAL GABLES, Fla., December 22, 2021 (Newswire.com)
–
PayCargo Capital has secured a substantial lending alliance with Evolve Bank & Trust (“Evolve”), a leading financial and technology institution, allowing freight forwarders and beneficial cargo owners to apply for and receive credit at the point of paying freight costs. The partnership will immediately fund the “PayCargo Line of Credit” which eliminates financial delays that are contributing to the ongoing supply chain crisis. This solution allows freight forwarders and beneficial cargo owners to apply for and receive credit right at the point of paying freight costs. PayCargo expedites funding by removing the need for using third parties, excessive paperwork, and lengthy processes.PayCargo Capital is the exclusive lending partner to users of PayCargo, LLC’s successful payment platform for moving money and vital remittance information between payers and transportation-related vendors. PayCargo, LLC’s platform is the largest independent freight payments network, with over 67,000 active users remitting and receiving payments. Qualified freight forwarders, importers, and beneficial cargo owners in North America who use the PayCargo platform can extend vendor payments by thirty (30) days using credit.
“PayCargo Capital offers credit terms on freight charges, previously available to only a few large companies,” said Philip J Philliou, Chief Executive Officer (CEO), PayCargo Capital. “Clients tell us that our timely credit solution prevents expensive demurrage charges and speeds goods on their way to their final destination. Both air and ocean freight expenses are higher than in prior years and the need for funding is significant. In today’s environment, with Evolve as our lending partner, PayCargo Capital will grow stronger as a technology-enabled financing provider and help more businesses with their cash flow needs.”
“We are excited to partner with PayCargo Capital to serve the financial needs of the thousands of businesses that are involved in the movement of cargo,” said Scott Stafford, President & CEO of Evolve. “With trillions of dollars spent by American companies on air and ocean freight, port fees, warehouse fees, and a myriad of other transportation-related expenses, Evolve is eager to help fund such a large and dynamic space.”
Prospective clients can apply free and fast for no-obligation credit on PayCargo Capital’s website: paycargocap.com, by calling +1 888.250.7778, or emailing credit@paycargocap.com. Offerings are only for businesses organized as a limited liability company or corporation. Restrictions apply.
About PayCargo Capital
PayCargo Finance, LP, doing business as PayCargo Capital, is a financial technology company that facilitates innovative financing solutions to users of PayCargo LLC’s online payments platform. Over 5,000 vendors receive payments in the PayCargo system, including major ocean carriers, air cargo providers, and hundreds of terminals and container freight stations. Many of these vendors release the cargo within one hour after receiving a “Payment Approval” alert from PayCargo. All other vendors release cargo no later than the next morning. PayCargo Capital serves the financing needs of freight-forwarders, custom house brokers, importers, and other NVOCCs who utilize the PayCargo platform.
PayCargo Capital Contact:
Alex Roberts
Meantime Communications
Office: +44 (0)20 8853 5554
hello@meantime.global
About Evolve Bank & Trust:
Evolve Bank & Trust, a technology-focused financial services organization and Banking-as-a-Service (“BaaS”) provider, is a best-in-class financial institution offering specialized services in Open Banking, Consumer and Commercial Banking, Mortgage, SBA Lending, and Trust. Evolve is recognized as a global leader in the Payment Processing industry delivering ACH, Debit/Credit Sponsorship, Card Issuance, and unique technology strategies to clients around the world. Since 2013, Evolve has been voted a Top Workplace every year and has been named in Inc. Magazine’s 5000 List of the fastest-growing private companies. For more information about Evolve, go to: www.getevolved.com.
Evolve Bank & Trust Contact:
Thomas E. Holmes Jr.
Senior Vice President
Chief Marketing & Communications Officer
Email: thomas.holmes@getevolved.com
Office: 866.367.2611
Source: PayCargo Capital
[ad_2]
-
ZUUM Transportation Named Food Logistics’ 2021 FL100+ Top Software and Technology Provider
[ad_1]
ZUUM Inc., the California-based logistics technology company, joins the list for the second consecutive year
Press Release
–
Dec 21, 2021
IRVINE, Calif., December 21, 2021 (Newswire.com)
–
ZUUM Transportation, a leading logistics technology provider for manufacturers, freight brokers, and carriers, has been named 2021 FL100+ Top Software and Technology Provider by Food Logistics. Food Logistics magazine covers software & technology, warehousing, transportation, safety & security, sustainability, and risk & compliance for global food supply chains. The FL100+ Top Software and Technology Providers list honors leading software and technology providers that ensure a safe, efficient and reliable global food and beverage supply chain.ZUUM’s BEYOND TMS helps manufacturers and retailers reduce freight spend, find capacity, accelerate freight planning and management. It addresses critically needed digital capacity aggregation, efficiency, and connected systems with a ZUUM Enterprise version for large companies and ZUUM Business for midmarket and smaller businesses.
“We are thrilled to be recognized as a 2021 FL100+ Top Software and Technology Provider by Food Logistics. Our ongoing dedication to our customers drives us to pursue solutions that solve industry challenges for all shippers, brokers, and carriers. We are excited to streamline and automate supply chains and procurement, and look forward to the exciting road ahead,” says Mustafa Azizi, CEO and co-founder of ZUUM Transportation.
“Software development and emerging technologies make the world go ’round. They’re what keeps people and the products, food and plants they consume safe and fresh: traceability, visibility, efficiency and safety. And, the winners from this year’s award prove that there are no limitations to what software and technology can do in the supply chain space,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive.
Recipients of this year’s award will be profiled in Food Logistics’ Nov/Dec 2021 print issue. Go to www.FoodLogistics.com to view the list of Top Software & Technology Providers.
For more information on ZUUM Transportation, visit www.zuumapp.com.
About ZUUM Transportation
ZUUM Transportation is a logistics technology company based in Irvine, California. Founded in 2016, ZUUM offers a shipper TMS, freight broker software, carrier TMS, and a mobile app for truck drivers that are connected within the Logistics Super Platform. These tools enable customers to enhance the efficiency and effectiveness of their logistics operations while automating their transportation networks. Our vision is to optimize logistics and streamline supply chains globally by defragmenting the industry.
About Food Logistics
Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Food Logistics and sister publication Supply & Demand Chain Executive are also home to L.I.N.K. and L.I.N.K. Educate podcast channels, L.I.N.K. Live, SCN Summit, SupplyChainLearningCenter.com and more. Go to www.FoodLogistics.com to learn more.
Contact:
ZUUM Transportation
Jean-Claude Eenshuistra
marketing@zuumapp.comSource: ZUUM Transportation
[ad_2]
-
ZUUM Transportation Inc. Named 2022 FreightTech 100 Winner by FreightWaves
[ad_1]
ZUUM Transportation’s debut on the coveted list is another highlight of the technology firm’s rapid growth. ZUUM technology is recognized as leading the charge for helping logistics companies deploy their assets more effectively to address the current headline-grabbing supply chain interruptions.
Press Release
–
Nov 16, 2021
IRVINE, Calif., November 16, 2021 (Newswire.com)
–
ZUUM Transportation is recognized by FreightWaves, an industry-leading media network focused on logistics and supply chain information, as an award winner for the 2022 FreightTech 100. FreightTech 100 celebrates the most innovative and disruptive companies in freight.ZUUM Transportation is the first to offer connected solutions for all participants of freight transportation (shippers, brokers, and carriers) on one modular Logistics Super Platform. Each product within the Logistics Super Platform provides a seamless data flow for actionable intelligence, instant capacity aggregation, and back office automation to maximize efficiency and productivity.
“We are incredibly honored to be recognized as one of the leading technology solutions in freight. In the past year and a half, the logistics industry has risen to the challenge of keeping global supply chains running during an unprecedented time. We are proud to work alongside those companies and supply chain leaders who continue to show dedication to fuel our American Way of Life,” said ZUUM Transportation Co-Founder & CEO, Mustafa Azizi. “Our technology empowers supply chain leaders to face and overcome challenges with confidence.”
This recognition follows the announcement of ZUUM’s transportation management system (TMS) launch for shippers (manufacturers & retailers) and freight broker software earlier in 2021. ZUUM’s Beyond TMS allows shippers to reduce their freight cost and gain more control over their freight network through real-time visibility and automated notifications. ZUUM Automated Broker is the SaaS-deployed solution that can digitize freight brokerages overnight; freight brokers can automate every aspect of their operations, including freight management, increase on-time delivery performance, improve customer satisfaction, and help companies achieve higher profits to accelerate growth. Complementing these software products, ZUUM offers a solution for carriers and an iOS and Android mobile application for truck drivers.
Delivering on its mission of supply chain innovation, ZUUM continues to develop solutions that transform the $1.2 trillion transportation and logistics industry.
About ZUUM Transportation
ZUUM Transportation, Inc. is a logistics technology company based in Irvine, CA. Founded in 2016, ZUUM offers a shipper TMS, freight broker software, carrier TMS, and a mobile app for truck drivers that are connected within the Logistics Super Platform. These tools enable customers to enhance the efficiency and effectiveness of their logistics operations while simultaneously automating their transportation networks. Our vision is to optimize logistics and streamline supply chains globally by defragmenting the industry through collaboration and partnerships. For more information, please visit www.zuumapp.com.
Contact Information:
ZUUM Transportation, Inc.
Jean-Claude Eenshuistra
Source: ZUUM Transportation
[ad_2]
-
The Logistics Company Launches New Website to Reflect Brand Refresh
[ad_1]
Military, Government, and Private Industry Logistics Support Company recognizes 25 years with a new look
Press Release
–
updated: Oct 19, 2021
FAYETTEVILLE, N.C., October 19, 2021 (Newswire.com)
–
The Logistics Company, Inc. (TLC) has revamped their website to commemorate their 25 years in business. With their marketing partner Martin Communications, TLC created a new brand look and brand message focusing on their industry involvement and many achievements. This updated brand is reflected in TLC’s new website, https://www.tlc-inc.net.A service-disabled, veteran-owned business, TLC operates principally in the Department of Defense market by providing superior logistics services at an economical value without ever compromising its core values of quality, ethics, and social responsibility. For 25 years, TLC has met client challenges and established a stellar reputation for strategy, development, implementation.
“We understand the importance of telling our story and our 25th anniversary is a wonderful opportunity to remind our team, our clients, and our partners of our mission and our principles,” said TLC CEO Teresa Fletcher. “We know that our new website will do justice to the work we have done in the industry and set us up for continued success.”
TLC’s recently launched website presents updated information on the company’s objectives, services, awards, qualifications, and leadership team. Aesthetically, the site offers enhanced graphics and a modern color palette. Functionality and user experience have been improved and maximized as well as its SEO capabilities.
###
About The Logistics Company
The Logistics Company exists to provide high-quality Base Operations and logistics support certified to ISO 9001:2015 standards. Our team of professionals brings technical expertise from both the military and industry, and is globally responsive to our customer requirements. We are a disabled veteran-owned government contractor focused on the health, welfare and safety of our employees, stakeholders, clients and the U.S. military. For over 25 years, we have provided smart, economical solutions for even the toughest projects with quality and integrity that produces mission success.
About Martin Communications
Martin Communications, located in Raleigh, NC, is an award-winning integrated marketing communications firm providing expert strategy, branding and advertising, social media, public relations and website design and development. Our full-service capabilities also include graphic design, copywriting, idea generation, and more. For over a decade, our unique culture and diverse, deep pool of talent has driven us to successfully deliver measurable results for businesses of all sizes in a broad array of industries. With roots in radio, television and newspaper, we know a thing or two about the importance of powerful messaging. For more information, visit us at thinkmartinfirst.com.
Media Contact
Jenny Burke
President, Martin Communications
919-621-1619
jenny@thinkmartinfirst.comSource: The Logistics Company
[ad_2]
-
Opportunity Knocks With Doorways, a New Web Application That Connects Diverse Suppliers & Corporations With Business Opportunities
[ad_1]
Skip the line. Digital conferencing is now available.
Press Release
–
updated: Oct 10, 2018
INDIANAPOLIS, October 10, 2018 (Newswire.com)
–
The model for connecting corporations with diverse suppliers has changed little over the past few decades. The cost and time required to attend national conferences and events got the Doorways team thinking about how suppliers, corporations, affiliates and supplier diversity professionals could connect more quickly and efficiently. Doorways™ is a subscription-based online community where all of these individuals can meet and develop meaningful, professional relationships, all without leaving the office.“It really came down to talking with suppliers and corporations to learn where their concerns exist and then developing a solution to solve an industry problem,” said Nate Ghaim, Doorways president. “We live in the 21stcentury, with dynamic technological advances that can be leveraged to connect, educate and advocate faster.”
It really came down to talking with suppliers and corporations to learn where their concerns exist and then developing a solution to solve an industry problem.
Nate Ghaim, Doorways Owner
The Doorways platform includes company and supplier profiles, digital conferencing, messaging, meeting scheduling, supplier assessments, data storage lockers and more. All of which can be utilized anywhere, anytime.
Data security is reinforced for subscribers via blockchain technology. “We knew when developing a platform such as Doorways, that data security was going to be paramount,” said Ghaim. “Suppliers and corporations share information that is pertinent to their business. We researched blockchain and discovered that this technology will be a valuable feature that can put the subscriber’s mind at ease.“
Doorways provides a significant benefit for small and diverse businesses who want to save not only money but also valuable time. Connecting with the use of technology allows opportunities to be shared much faster for a more comprehensive response to RFIs, RFPs and more.
Doorways is expected to launch on Oct. 14, 2018, with multiple subscription levels for corporate subscribers and suppliers.
For more information, contact social@joindoorways.com.
Source: Doorways
[ad_2]
