supply chain automation

GSCW chat: Embracing automation in 2022

Experts chat about the importance of automating logistics during FreightWaves' Global Supply Chain Week.

This fireside chat recap is from Day 2 of FreightWaves’ Global Supply Chain Week.

FIRESIDE CHAT TOPIC: 2022: The year of embracing automation

DETAILS: FreightWaves’ Travis Rhyan sits down with Eric Rempel to discuss the need for automation across the supply chain and why now is the time to implement the latest technology in logistics operations.

SPEAKER: Rempel is the chief innovation officer at Redwood Logistics.

BIO: Rempel has worked in various roles at Redwood since 2004. He helped create the...

https://www.freightwaves.com/news/gscw-chat-embracing-automation-in-2022

Is 2022 the year of the retail reset? Deloitte thinks so

Deloitte's 2022 Retail Industry Outlook breaks down trends in retail supply chains and e-commerce for 2022

It’s a new year, but retailers face the same supply chain mess that they did in 2021. Freight and shipping volumes remain at record levels and rates are higher than they’ve ever been. But at the same time, over 1 million retail jobs remain unfilled, while consumers expect to buy and receive goods with more convenience than ever before.

According to the experts, all of these factors mean we’re reaching a singularity –– a retail reset, if you will. Pulling together insights from 50 retail...

https://www.freightwaves.com/news/is-2022-the-year-of-the-retail-reset-deloitte-thinks-so

Berkshire Grey struggles in first quarter as public company

Berkshire Grey releases Q3 earnings and misses on analyst expectations

AI-powered robotics and supply chain automation company Berkshire Grey reported its first earnings as a publicly traded company Thursday morning before the bell, revealing some early struggles for the business.

While Berkshire Grey’s revenue of $18.8 million in Q3 2021 was magnitudes greater than its $2.2 million in Q3 2020 and its $4.5 million in Q2 2021, it still missed on analyst expectations of around $21.7 million.

At the same time, the Bedford, Massachusetts-based company more than tripled...

https://www.freightwaves.com/news/berkshire-grey-struggles-in-first-quarter-as-public-company

FreezPak Logistics announces 2nd fully automated distribution facility

Cold chain solutions provider FreezPak Logistics announced plans to open its second fully automated facility by the end of 2022.

The 267,575-square-foot cold storage development will be located in Woodbridge, New Jersey, and aims to serve the logistics market in the Northeast.

It will be minutes from the New Jersey Turnpike, near Newark Liberty International Airport, along with the ports of New York and New Jersey.

“FreezPak is going to new heights with the power of automation,” said Mike Saoud,...

https://www.freightwaves.com/news/freezpak-logistics-announces-2nd-fully-automated-distribution-facility

Logicbroker raises $135 million to enhance drop shipping capability

Logicbroker completes $135 million raise to enhance its drop ship technology

Cloud-based e-commerce platform Logicbroker on Tuesday secured a massive $135 million funding raise led by K1 Investment Management. The Connecticut-based company plans to expand its full-function drop ship and marketplace services, which it offers to suppliers, retailers, brands and 3PLs alike.

Logistics is no longer just an expense for businesses — it’s a revenue driver. Whereas in the past companies viewed logistics simply as a tool for moving and delivering goods, they now see logistical...

https://www.freightwaves.com/news/logicbroker-raises-135-million-to-enhance-drop-shipping-capability

Vorto’s platform solves ‘love triangle of supply chains,’ CEO says

Vorto released an autonomous supply chain platform.

Autonomous supply chain platform provider Vorto announced Thursday its new platform, Reload, which is designed to solve inefficiencies and increase sustainability in supply chains and logistics from procurement to final delivery. 

Vorto CEO Priyesh Ranjan told FreightWaves that Reload is an industry-agnostic “centralized autonomous supply chain platform that does everything,” including predicting demand for suppliers, finding fleets and drivers for outbound transportation, and automating...

https://s29755.pcdn.co/news/vortos-platform-solves-love-triangle-of-supply-chains-ceo-says

Commentary: Why are investors looking at supply chain technologies in 2020?

The views expressed here are solely those of the authors and do not necessarily represent the views of FreightWaves or its affiliates.  

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity.

Almost perversely, supply chain is also the final frontier of tech-based efficiency optimization. Insiders joke (quite fairly, as it turns out)...

https://s29755.pcdn.co/news/commentary-why-are-investors-looking-at-supply-chain-technologies-in-2020

Commentary: Never let a good crisis go to waste

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  

Attention all logistics and supply chain professionals – it’s time to keep a laser focus on recovery. We’ve all been put to the test by COVID-19 – particularly in our supply chains. My hat is off to those of you who successfully navigated the unforeseen changes in demand and had the flexibility to rebound.

And for those of you operating with manual processes and...

https://s29755.pcdn.co/news/commentary:-never-let-a-good-crisis-go-to-waste

Racial diversity in freight tech

racial diversity

(Part 1 of a series)

“If your implicit bias makes you under appreciate founders that are different, you will have worse returns. So it’s very good business practice to get trained in unconscious bias.” 

The protests over systemic racism that have rocked the United States in recent weeks have triggered a reckoning in American business, as industries across verticals have been forced to confront racial disparities in their ranks. 

The tech sector is no exception. Although “diversity” has been a...

https://www.freightwaves.com/news/racial-diversity-in-freight-tech