Tag Archives: logistics

Lori Systems, an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in which Google participated along with other existing investors. Sources say the company raised at a slightly higher valuation than its last $110 million valuation in 2020.  This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the… Source link

UPS (UPS) will have doubled its health-care facilities footprint by 2023, as a result of unprecedented demand for mRNA vaccines, and the company is making a long-term bet that demand for cold chain storage in medicine will only grow in coming years. The logistics giant began building out millions of square feet of space as a result of its partnership with Pfizer (PFE)/ BioNTech (BNTX), according to UPS Healthcare and Life Sciences President Wes Wheeler, but that only sped up a strategy the… Source link

The trend toward more “nearshoring” to alleviate the global supply chain chaos is not new but is increasingly important, according to Deloitte Vice Chairman of US Industrial Products & Construction Leader Paul Wellener. Nearshoring is “bringing things closer to the marketplace or bringing things back into the US marketplace. And those were trends that were starting well before the pandemic got started and really changed the way we think about supply chains,” Wellener told Yahoo Finance (video… Source link

Supply chain bottlenecks are squeezing businesses big and small. One expert explains why it’s so hard to iron out the major kinks affecting global trade. “There really is a perfect storm going on,” Adam Compain, senior vice president at project44, a supply chain technology provider, told Yahoo Finance Live (video above). Compain laid out three major reasons why ports are so backed up and there’s red-hot demand for truckers.  “First and foremost is customer expectations have risen only in one… Source link

SUNNYVALE, Calif. and LOWELL, Ark., Feb. 17, 2021 /PRNewswire/ — Google and J.B. Hunt Transport Services, Inc., one of the largest transportation logistics companies in North America, today announced a multi-year strategic alliance to accelerate J.B. Hunt’s digital transformation and collaborate on next-generation supply chain platform technology. Powered by… Source link

The ultra-low temperature demands of the Pfizer (PFE) and BioNTech (BNTX) vaccine are paving a new path for vaccine delivery and storage. While mRNA vaccines requires a smaller footprint for production than traditional vaccines, once they leave the production plant, there’s a whole new set of hurdles prompting logistics companies to adapt. Planes have been retrofitted, GPS tracking has been authorized by the FAA, and states are buying large-volume freezers to meet the first generation of… Source link