visibility technology

“Where’s my part?” — OEMs challenged by global supply chain disruptions

The global automotive industry is widely known to practice just-in-time (JIT) production, a lean manufacturing process in which time, labor and materials are optimized by only sourcing parts as they are needed.

JIT manufacturing has traditionally helped the automotive industry keep production costs down, but officials at TrueCommerce said the process hasn’t been upgraded or improved in decades.

Pittsburgh-based TrueCommerce is a global provider of supply chain and trading partner connectivity,...

https://www.freightwaves.com/news/wheres-my-part-oems-challenged-by-global-supply-chain-disruptions

FourKites enhances supply chain visibility with Data Connector

The modern supply chain is a data game — the more data a company has, the better it’s able to avoid and react to local and global disruptions.

The problem for many companies, though, is access to that data.

On Thursday, supply chain visibility platform FourKites launched a product designed to share its catalog of insights more easily. The new offering, Data Connector, allows customers to leverage the firm’s data directly through their own business intelligence systems, whereas in the past they...

https://www.freightwaves.com/news/fourkites-enhances-supply-chain-visibility-with-data-connector

Supply chain tech startup Altana Technologies has $100M Series B raise

New York-based Altana Technologies said it has landed a $100 million Series B investment, led by Activate Capital. 

The supply chain management software startup said the raise will support its goal of using AI to provide visibility across the global supply chain. 

“This funding is a powerful vote of confidence in our vision of trusted networks, which span and connect governments, businesses, and civil society to shape a more resilient, secure, inclusive, and sustainable world,” Altana said in a...

https://www.freightwaves.com/news/altana-raises-100m-in-series-b

Hi-Fi Visibility helps improve supply chain efficiency

There is a lack of in-depth, data-driven visibility tools in the logistics industry today, according to Mitch Violett, senior director of product management at Convoy. 

“[Visibility] is widely known but not talked about enough,” Violett said. “There is an information imbalance across all the players — shippers, carriers, facilities and brokers. They typically all have varying levels of information as it is happening at any given time in any given shipment.”

Convoy is working to solve this problem...

https://www.freightwaves.com/news/hi-fi-visibility-helps-improve-supply-chain-efficiency

Project44 launches comprehensive visibility platform

project44 logo

Chicago-based project44 has combined its full suite of solutions into one comprehensive platform. Introduced Tuesday, Movement by project44 is designed to give shippers, carriers and other stakeholders end-to-end supply chain visibility all the way down to the order level.

“People, organizations and economies depend on the efficient movement of goods around the world, but the past few years have shown how volatile demand capacity is, how difficult it can be for carriers to find the right loads...

https://www.freightwaves.com/news/project44-launches-comprehensive-visibility-platform

Convoy ‘creating a new class of visibility’

“Creating a new class of visibility requires surfacing actionable insights from a complex data set that changes by the minute,” according to Dorothy Li, chief technology officer at digital freight network Convoy.

Li said Convoy is creating that new class of visibility with its newly released solution, Hi-Fi Visibility.

“Not only do we collect more data than other freight providers, we go one step further by distilling that data into interactive dashboards that surface anomalies shippers can act...

https://www.freightwaves.com/news/convoy-creating-a-new-class-of-visibility

American Eagle logistics arm Quiet Platforms partners with FourKites

American Eagle quiet platforms logistics

American Eagle Outfitters (NYSE: AEO) continues to deliver on its mission to become a logistics powerhouse.

The retailer’s logistics arm, Quiet Platforms, which Chief Supply Chain Officer Shekar Natarajan has dubbed the “anti-Amazon,” on Thursday announced a partnership with supply chain visibility leader FourKites to help customers track the movement of inventory in real time.

Quiet last month officially launched its flagship Delivery Network, which pools the logistics assets of different...

https://www.freightwaves.com/news/american-eagle-logistics-arm-quiet-platforms-partners-with-fourkites

Project44 adds supply chain SaaS firm Turvo to partner network

supply chain visibility truck on highway

Two supply chain powerhouses just rolled their combined capabilities into a single platform.

On Tuesday, Chicago-based project44 and Bay Area-based Turvo announced a strategic and technical partnership that will integrate project44’s supply chain visibility platform with Turvo’s supply chain management software. That includes the company’s flagship collaborative transportation management system.

Turvo describes its TMS as a “cloud-based social network.” It gives freight brokers, 3PLs and shippers...

https://www.freightwaves.com/news/project44-adds-supply-chain-saas-firm-turvo-to-partner-network

FedEx invests in FourKites to build intelligent supply chain platform

FedEx truck

FedEx Corp. (NYSE: FDX) and Chicago-based supply chain visibility provider FourKites have partnered to build a global supply chain intelligence platform, the companies announced Tuesday. Under the agreement, FedEx has invested an undisclosed amount in FourKites.

The new platform, FourKites X, will aim to help large shippers and logistics providers with features like dynamic planning, real-time visibility, proactive alerts and supply chain optimization insights. FourKites customers will be able...

https://www.freightwaves.com/news/fedex-invests-in-fourkites-to-build-intelligent-supply-chain-platform

Recent AI-driven TMS upgrade shows promising profitability

Manufacturing and labor shortages, along with rising fuel costs, have left the transportation industry in a state of perpetual uncertainty. Only time will tell when these situations will ease, but current trends don’t paint a promising picture.

The price of diesel hit a record-setting $5.703 a gallon on Monday, surpassing the previous record of $5.623 a gallon set on May 9. 

What’s even more astounding is that the 16.4 cent weekly gain set on Monday isn’t even one of the largest increases this...

https://www.freightwaves.com/news/tms-upgrade-spurs-newfound-confidence-in-shippers-carriers

+ More