SCOTTSDALE, Ariz. — ESG goals may be taking a back seat at the moment as companies navigate high inflation, supply chain disruptions and changing consumer demands, but for procurement professionals, it remains top of mind.
Three leading procurement leaders joined Amazon Business’ Aster Angagaw, vice president of commercial, public and strategic sectors, on Wednesday to discuss environmental, social and governance goals as part of Amazon Business’ Reshape 2022 conference at the Hyatt Regency...
Restoring business stability is high on the agenda for companies that produce, move and sell goods. But there’s still a long road ahead for procurement professionals managing their supply chains.
This white paper explores the complexities engulfing the logistics procurement industry and the solutions that best-in-class teams use to achieve sourcing excellence.
Download the white paper and gain insights into how:
Every year around this time, shippers start seeing increased demand for all the quintessential summer fun foods as folks stock up on hot dogs, chips and beer for their July 4 barbecues. This year, American consumers are expected to spend $7.7 billion – a number that has climbed over $1 billion since 2019 – on food items leading up to the holiday, according to the National Retail Federation.
This year’s holiday spending estimate shakes out to roughly $84 per person across the country, and this...
https://www.freightwaves.com/news/summer-holiday-surge-provides-perfect-use-case-for-shorter-rfps
Emerge announced Monday it has upgraded its freight procurement platform with a new solution, Emerge Benchmarking, which accumulates sources of real-time freight data to help shippers evaluate their RFP processes and execute their procurement with better market intelligence.
“Historically, shippers used benchmarking tools to show how they are performing compared to the overall market and to explain to their higher-ups why they are paying 50% more than the previous year,” founder and CEO Andrew...
Sustainability ingredient database HowGood has secured $12.5 million in a funding round to expand in the United States and Europe and build out its platform.
Titan Grove led the funding round announced Wednesday with participation from FirstMark and other existing investors.
Brooklyn, New York-based HowGood started with a platform based on R&D to find more sustainable suppliers and practices specifically for new consumer packaged goods and food products. It then added capabilities to track...
https://www.freightwaves.com/news/howgood-raises-125m-for-food-sustainability-platform
The logistics industry is characterized by volatility, and companies hoping to thrive in the space need to be able to adapt to change more or less instantaneously. Agility is more important than ever as pandemic-related headwinds continue to play out and new technologies strengthen competing companies by offering increased flexibility.
A few weeks ago, carriers had the market cornered, leading to fluctuating volumes and soaring spot rates. Now, volumes are beginning to stabilize, tender...
Amid Russian aggression in Ukraine, companies with suppliers in the region have a challenge to overcome. With supply lines between the region and the rest of the world beginning to sever, brands that source their parts and raw materials from Russia and Ukraine will need to start looking elsewhere, but transitioning to a new supplier that fits is no small task.
That’s not to say it can’t be done. In a bid to make procurement less of a headache for retailers, supply chain due diligence platform Sou...
Moving product from supplier to buyer is one of the biggest challenges brands face amid supply chain disruptions that have driven a wedge in the procurement process. But nobody moves quite like Jaggaer.
Headquartered within the Research Triangle in North Carolina, Jaggaer is a software platform that automates procurement for major clients like Siemens, JLL, AstraZeneca and even the government of Dubai. The company’s flagship solution, Jaggaer One, is a part of what CEO Jim Bureau has dubbed the...
https://www.freightwaves.com/news/moves-like-jaggaer-the-forefront-of-automatic-replenishment
Cloud-based logistics company Blume Global announced Tuesday it has acquired supplier sourcing and procurement technology company LiveSource for an undisclosed amount.
Blume Global CEO Previnder Johar, who formerly served on the LiveSource board of directors, plans to leverage the company’s database of logistics providers servicing manufacturing facilities in North America, Europe and Asia in order to improve Blume’s existing suite of solutions.
“Blume is focused on supply chain orchestration....
https://www.freightwaves.com/news/blume-global-acquires-procurement-tech-company-livesource
Scottsdale, Arizona-based digital freight marketplace Emerge announced Thursday morning that it has closed a $130 million Series B funding round led by 9Yards Capital, Tiger Global Management and The Spruce House Partnership. Existing investors New Road Capital Partners and Greycroft also participated in the round.
“We’ve been fortunate to experience explosive growth in the past few years, and this funding will be very useful to Emerge’s future success,” said founder and co-CEO Michael Leto....
https://www.freightwaves.com/news/emerge-raises-130m-series-b-to-scale-digital-freight-marketplace