Tag: Supplychain

Corinne Ross Joins Commercial Vehicle Group as President, Aftermarket & Accessories

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NEW ALBANY, Ohio, October 30, 2023 (Newswire.com)
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Commercial Vehicle Group (CVG) (NASDAQ:CVGI), a global leader in the design and manufacturing of electrical systems, mechanical components, and vehicle accessories, announced today that Corinne Ross has been appointed President, Aftermarket & Accessories. Ross will oversee CVG’s global aftermarket and accessories business segment.

Ross comes to CVG after 16 years with German-based Freudenberg Sealing Technologies, a leading sealing technology company, where she served as Vice President, Corteco North America, Aftermarket Division. In that role, she led regional sales; marketing; supply chain management and operations; and product development and category management. She began her career in human resources and served in a variety of HR roles of increasing responsibility in both corporate and manufacturing environments.

Ross will be responsible for both the strategic development and tactical execution of the annual and long-term business plans for Aftermarket & Accessories. She will lead the development and execution of commercial, operational, and product management strategies and action plans, and she will work closely with customers and focus on new business development. Ross will also have oversight of product innovation, design, development, and planning activities for the entire Aftermarket product portfolio.

“Corinne is a strong strategic leader who brings a unique blend of business and product aptitude, customer centricity, a big-picture vision and the ability to deliver results,” said Bob Griffin, Interim President and CEO and Chairman of the Board at CVG. “I am confident that she will be a strong strategic thought partner to our executive leadership team.”

“The Aftermarket business is poised for global growth with great potential for additional sales of existing and new products,” said Corinne. “I am excited to join CVG and accelerate growth in the Aftermarket segment.”

Ross holds a bachelor’s degree in business management and an MBA, both from the University of Findlay.

About CVG
At CVG, we deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about our company and products is available at www.cvgrp.com.

Source: Commercial Vehicle Group, Inc.

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October 30, 2023
Extensiv Releases Third Annual Third-Party Logistics Warehouse Benchmark Report to Identify Key Logistics Growth, Labor, Capacity, and Technology Trends
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As Recessionary Clouds Darken and Inflation Remains High, 3PLs Look to Optimize Efficiencies to Drive Profitability

Press Release
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Oct 27, 2022 07:00 PDT
EL SEGUNDO, Calif., October 27, 2022 (Newswire.com)
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Extensiv (formerly 3PL Central) — delivering omnichannel software solutions for warehouse, inventory, and order management — today announced the results of the Third-Party Logistics Warehouse Benchmark Report. This is the third annual and industry’s only benchmark report focused exclusively on the 3PL warehouse industry. This year’s report highlighted the success 3PLs performing omnichannel fulfillment saw related to order volume and profitability growth as compared to other 3PLs.

The Third-Party Logistics Warehouse Benchmark Report aggregates data from more than 200 3PL warehouses and provides insight on more than 30 industry-specific topics. The report builds on prior data and provides year-over-year changes and trends to help warehouses understand market growth opportunities and challenges facing the industry.

Key takeaways from the 2022 report include:
- An increasing number of 3PLs grew volume and profitability: 3PLs fared even better than in past years, despite concerns about inflation, more significant labor constraints, and global uncertainty. 91% of 3PLs grew order volumes in 2022, up from 85% the year prior. 81% claimed higher profits this year, a slight increase from 79% last year.
- Omnichannel strategies drove faster growth: 18% of 3PLs performing omnichannel fulfillment saw a 50% increase in profitability over the prior year, which is 33% more than the average of other 3PLs.
- Successful 3PLs started to focus: This year, many 3PLs found success focusing on their strengths. For example, more 3PLs specialized in specific industries, with 3PL warehouses serving 2.9 industries — down from 3.5 industries last year.
- Labor shortage compounded by increasing labor costs: 48% cite finding and retaining workers as a top business challenge that was also magnified by 79% of 3PLs stating that their labor costs increased in 2022.
- Connectivity-led 3PL technology investments: EDI (51%), shopping cart (48%), and marketplace (25%) integrations showed major jumps from prior years as top technology integrated with warehouse management systems (WMS).
- More than half of 3PLs fulfill orders in less than 90 minutes: To meet growing customer expectations, 60% of 3PLs fulfill orders less than 90 minutes after receipt, up from 53% last year. Further, the speed of order fulfillment is linked closely with annual order volume growth. Nearly a third fulfill orders in less than 30 minutes, up from 22% last year.
- 3PLs focusing on functionalities that drive profitability: The top functionalities respondents plan on implementing in the coming year include billing and invoicing (32%) and mobile barcode scanning (27%). Top priorities include acquiring new customers, e-commerce growth, and automating processes.
Other key areas of the report include trends and key metrics related to growth opportunities, profitability, labor shortages, warehouse space limitations, technology integrations, and success measurements, among others. Although this year brought growing concerns around inflation, a recession, more significant labor constraints, and global uncertainty, 3PLs remain optimistic about the coming year.

“3PLs spent significant time integrating shopping carts and marketplaces to optimize their businesses in 2022, and connectivity is a theme that will continue into 2023. We found it interesting that 3PLs generally remain optimistic as they continue in an uncertain economic environment,” said Rachel Trindade, chief marketing officer at Extensiv. “Fifty-three percent (53%) of 3PLs are concerned about managing costs next year and 25% are concerned about inflation. They plan to face economic headwinds by finding greater efficiencies. With the Third-Party Logistics Warehouse Benchmark Report, the core insights provide 3PLs with access to industry benchmarks for planning and implementing best practices to support order and profitability growth in 2023.”

Click Third-Party Logistics Warehouse Benchmark Report to view and download the complete 2022 Extensiv Third-Party Logistics Warehouse Benchmark Report.

About Extensiv

Extensiv, formerly 3PL Central, 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), inventory management (IMS), and integration management 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 drive commerce at the pace that modern consumers expect. Learn more at www.extensiv.com.

Source: Extensiv
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October 27, 2022
Extensiv and BUKU Integration Combines Streamlined Shipping Customer Experience With Intelligent Omnichannel Distribution Platform
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Building on the Extensiv Parcel API, BUKU Integration Offers 3PLs Reduced Shipping Costs and Expands Access to Carriers

Press Release
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Aug 24, 2022
EL SEGUNDO, Calif., August 24, 2022 (Newswire.com)
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Extensiv – delivering omnichannel software solutions for warehouse, inventory, and order management – today announced an integration with BUKU Ship, a leading provider in eCommerce shipping CX solutions for 3PLs and brands.

With this integration, Extensiv’s 3PL customers will receive AI-driven shipping solutions to deliver amazing customer experiences, minimize errors, and turn shipping into a profit center. In addition, BUKU customers will be able to leverage Extensiv’s industry-leading 3PL Warehouse Management Solution (WMS) to better serve customers, operate their warehouses more efficiently, and increase growth.

The integration is made possible through the recent launch of Extensiv Parcel API. Parcel API builds on Extensiv 3PL Warehouse Manager’s Small Parcel Suite, a SaaS-based paperless warehouse efficiency solution for 3PLs offering ecommerce and omnichannel fulfillment. With the Small Parcel Suite, 3PL warehouses reduce packing time by 50% by offering order packing and packing from shelves.

The BUKU and Extensiv integration comes at a time when small parcel volume continues to rise. In 2021 roughly 2.14 billion people (27% of the world population) made online purchases, and that number is only projected to increase in 2022. As volumes continue to increase, so does the demand for enhanced small parcel shipping capabilities.

Benefits of the Extensiv/BUKU integration include:
- Expanded shipping partners domestically and overseas: BUKU’s shipping software provides access to hundreds of integrations across the ecommerce shipping supply chain ecosystem. In addition to USPS, DHL, UPS and FedEx, BUKU supports Landmark Global, OSM, Parcll, same-day carrier IndyShip and more. BUKU also has strategic alliances with international companies and customs authorities, offering international tax and duty estimation and IOSS filing for their customers.
- High volume printing: BUKU enables high volume and batch printing. When combined with 3PL Warehouse Manager’s small parcel suite, 3PLs can efficiently print batches of hundreds of shipping labels enabling teams to hit delivery SLAs.
- BUKU IntelliRate: BUKU uses cart psychology and dynamic rate shopping to display the lowest fully landed costs in the shopping cart at checkout, enabling brands to make more strategic decisions about shipping options and turn shipping into a profit center.
- BUKU Dashboards: The BUKU team provides a strategic analysis of shipping & order data. BUKU provides live P&L dashboards for 3PLs to analyze all their shipments or a single store owner to gain valuable shipping insights to control costs, improve service, and focus investment to meet goals.
“We look forward to introducing our customers to Extensiv’s unique intelligent distribution platform while helping Extensiv customers streamline the shipping experience – saving time, increasing customer loyalty, and protecting profit margins. Our joint warehousing and shipping CX expertise will allow mid-size 3PLs to take the next step in their evolution,” said Ken Muir, CEO of BUKU. “The 3PL market is exploding and the increased demand requires new technology and approaches. Together, Extensiv and BUKU give 3PLs an unprecedented opportunity to expand their operations and profitability.”

“We’re thrilled to welcome BUKU to the Extensiv ecosystem. This space is rapidly evolving and it can be difficult for our customers to keep up with the latest transportation innovations,” said Andy Lloyd, CEO of Extensiv. “It’s our responsibility to keep up with those solutions. BUKU is a perfect example of that. The 3PL parcel shipping use case is a unique one and the BUKU team has a deep understanding of what a 3PL warehouse needs to be successful. Their expertise and technology will be a big boost for our mutual customers.”

About Extensiv

Extensiv, formerly 3PL Central, 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 drive commerce at the pace that modern consumers expect.

About BUKU Ship

BUKU is the first complete software solution focused on the Shipping Customer Experience (CX). Our Checkout CX and Post-Purchase CX solutions increase shopping cart conversions and customer loyalty enabling our brands to increase their revenue and delight their customers every day. BUKU is headquartered in Lehi, Utah. To learn more, visit www.bukuship.com

CONTACT:

Bret Clement, Clement | Peterson for Extensiv
bret@clementpeterson.com

Source: Extensiv
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August 24, 2022