Real-time visibility

Real-time visibility: new year, same lean strategy

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To kick off 2022, supply chain visibility providers announced record-breaking investment rounds,...

FourKites dismantling document management platform Haven, lays off some workers

Real-time visibility provider FourKites plans to shut down ocean shipping document management and tracking solution Haven by the end of this year, according to multiple sources familiar with the matter, though founder and CEO Mathew Elenjickal says Haven has simply become part of a broader platform.

Separately, the company has conducted a number of layoffs, Elenjickal confirmed.

In April 2021, FourKites acquired Haven to integrate its document management capabilities into a new visibility product...

https://www.freightwaves.com/news/fourkites-dismantling-document-management-platform-haven-lays-off-some-workers

Tive introduces temperature logging label

Supply chain visibility provider Tive has unveiled its newest technology solution, the Tive Tag. Along with Tive’s standard tracking capabilities, the Tive Tag is also a cloud-enabled temperature logger powered by a non-lithium battery and can be reused throughout the span of a year.

“I’m really excited to show the Tive Tag to the world. We are committed to pushing the limits of possible, to deliver cutting-edge products and services to global supply chain managers. Seamless like a shipping...

https://www.freightwaves.com/news/tive-introduces-temperature-logging-label

Project44 cuts 5% of global workforce, plans for ‘engineering-first’ focus

Project44, a supply chain real-time visibility provider, confirmed Friday it has cut 63 global employees, just about 5% of its global workforce. 

According to founder and CEO Jett McCandless, the cuts impacted “no load-bearing positions” and were directed toward eliminating an overscaled recruiting department and repositioning the organization’s global operations to focus on engineering as the company doubles down on its solutions for customers.

“We know it was a difficult day for all team...

https://www.freightwaves.com/news/project44-cuts-5-of-global-workforce-plans-for-engineering-first-focus

Weathering downturns with real-time visibility

Whether or not the market is in a downturn depends on whom you ask, but one thing’s for sure: Increasing capacity isn’t easy. With fuel costs remaining high, and with equipment and workforce shortages, fleets are having to reassess their strategies.

“The cost to increase capacity is extremely high,” said Matt Harris, senior vice president of sales at PowerFleet, explaining that demand and capacity volatility pose serious challenges.

When a downturn seems imminent, private fleets and truckload...

https://www.freightwaves.com/news/weathering-downturns-with-real-time-visibility

Amid high costs, carriers can find ways to do more with less

Carriers find themselves in a hard place: The operating costs are increasing as the market for their services diminishes.

With rising fuel costs sinking truckload spot rates, carriers are seeing their margins disappear before their eyes. In fact, gaining an advantage in any aspect seems nearly impossible. In the market to buy a truck? Think again.

In July 2020, $54,000 would buy you a 3-year-old used truck, but not anymore. You’ll now have to fork over $140,000 today, according to ACT Research. 

https://www.freightwaves.com/news/amid-high-costs-carriers-can-find-ways-to-do-more-with-less

Live demo preview: Direct-to-consumer X Delivery

X Delivery logo on a black screen

A major attraction of FreightWaves’ The Future of Supply Chain live event in Northwest Arkansas on May 9-10 will be the seven-minute live demos. Here’s a preview of one of those demos.

E-commerce has been one of the biggest things to come out of the pandemic-era supply chains. Now more than ever, companies that focus on direct-to-consumer brands are hitting logjams when it comes to scaling, data tracking and operations.

Processing hundreds of small parcel loads to carriers throughout the country...

https://www.freightwaves.com/news/live-demo-preview-direct-to-consumer-x-delivery

Tive raises $54M to expand shipment tracker sales globally

Supply chain visibility provider Tive announced Monday it has closed a $54 million series B round led by AXA Venture Partners with participation from existing investors RRE Ventures, Two Sigma Ventures, NextView Ventures, Hyperplane Ventures, Broom Ventures and Supply Chain Ventures. New investors included Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures and Floating Point Ventures.

Tive’s multi-sensor trackers leverage cellular, GPS and Wi-Fi for real-time visibility and alerts for...

https://www.freightwaves.com/news/tive-raises-54m-to-expand-shipment-tracker-sales-globally

Supply chain snarls lead project44 to record growth in Q4

Project44 provides additional insight into quarterly topline, margin trends

Real-time supply chain visibility provider project44 reported record quarterly bookings during the fourth quarter. The privately held, venture-backed company said annual recurring revenue (ARR) bookings were $12.7 million during the period, 168% higher year-over-year and 3% above plan.

The fourth-quarter result put total 2021 ARR bookings at $96.2 million for the Chicago-based company.

Professional services bookings were $2.1 million in the period. Consolidated revenue as defined by generally...

https://www.freightwaves.com/news/supply-chain-snarls-lead-project44-to-record-growth-in-q4

DSC tech: Customers use data-sharing platform to strengthen supply chain

This tech recap is from the FreightWaves Domestic Supply Chain Summit.

TECH IN ACTION TOPIC: How two pharma brands leverage advanced visibility for critical data sharing.

DETAILS: Project44’s Mike Edwards and Hannah Moore demonstrate how two of its pharmaceutical customers, a manufacturer and a supplier, used its real-time visibility platform to improve both their strategic partnership and supply chain operations.

SPEAKERS: Edwards is the director of customer success for project44. Moore is a...

https://www.freightwaves.com/news/dsc-tech-customers-use-data-sharing-platform-to-strengthen-supply-chain

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