supply chain security

Overhaul secures $55M in funding to accelerate growth

Supply chain visibility firm Overhaul has closed on $55 million in equity funding led by Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo.

The funding, announced Friday, will help expand Overhaul’s investments in AI technology, while also providing capital to support strategic acquisitions, officials said.

“The supply chain technology space will see significant consolidation over the next 12 to 24 months,” Overhaul founder and CEO Barry Conlon...

https://www.freightwaves.com/news/overhaul-secures-55m-in-funding-to-accelerate-growth

Overhaul acquires supply chain security firm SensiGuard

With a goal of expanding its international reach, Overhaul recently acquired cargo theft monitoring platform SensiGuard.

With the acquisition, Overhaul looks to gain more market share in the global supply chain security space by adding established offices in Brazil, Mexico and the Czech Republic.

Overhaul is a software-based, supply-chain visibility, risk, compliance and insurance solutions provider based in Austin, Texas.

“We’re merging our U.S. operation with our operations in Dundalk, Ireland,...

The threat is coming from inside the house: Turn inward to ward against security risks

The logistics industry is enjoying a moment in the sun. Investors, including both private equity firms and venture capitalists, have reentered the arena after 2020’s great spending slowdown, and they have their sights set on the logistics space. The large amounts of capital being funneled into logistics – coupled with the public’s pandemic-stoked awareness of the supply chain – have made companies within the industry more vulnerable than ever when it comes to security risks. 

When people think...

https://www.freightwaves.com/news/the-threat-coming-from-inside-the-house-turn-inward-to-ward-against-security-risks

TSA 100% screening option could be cheaper for cargo shippers

A TSA inspector observes cargo being loaded on a Saudia 747 jet. Split screen with TSA official in charge of Air Cargo division on the right.

Most people know the Transportation Security Administration as the folks with blue shirts who check documents and carry-on bags at the airport before passengers board aircraft. The agency also has a less visible but no less important role, ensuring that cargo loaded on passenger and freighter aircraft doesn’t contain explosives.

A big issue on the TSA’s plate this year is the June 30 deadline for member states of the International Civil Aviation Organization to implement 100% screening of export...

https://s29755.pcdn.co/news/tsa-100-screening-alternative-could-be-cheaper-for-cargo-shippers

US takes extra measures to secure COVID vaccine shipments

Armed guard on tarmac in front of a FedEx plane getting loaded with COVID vaccine.

COVID-19 vaccines are literally worth more than gold. That’s the kind of value that criminal elements and other bad actors like to exploit.

Behind the scenes, governments and industry are adding new layers of security to prevent them from stealing the new biologic medicines or their digital recipes. The most visible sign that COVID vaccines are no ordinary shipments is the presence of armed U.S. marshals on the floor of distribution centers and in vehicle escorts.

“Throughout the process we’ve...

https://s29755.pcdn.co/news/us-marshals-help-safeguard-covid-vaccine-shipments

New air cargo security standards could gum up e-commerce exports

A large jet gets loaded with pallets of cargo under a cloudy sky. Air cargo security rules are tightening in the next year.

The U.S. supply chain industry appears divided over how the government should implement new international security standards for cargo carried on freighter aircraft and whether certain exporters get special treatment to minimize associated cost increases.

Some worry there could be shipping delays if the Transportation Security Administration doesn’t figure out a plan well before the standards take effect July 1.

At issue is whether the TSA will recognize the security controls of e-commerce...

https://s29755.pcdn.co/news/new-air-cargo-security-standards-could-gum-up-e-commerce-exports