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Supply Chain

Donlen Named Top Chicago Workplace in 2020

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Donlen has been named one of Chicago’s Best and Brightest Companies to Work For in 2020, which marks the sixth consecutive year Donlen is honored with this recognition.

“From leasing and mobility management to our ability to deliver impactful fleet solutions to our customers, our success is fundamentally linked to Donlen’s highly-skilled, diverse, and creative talent, and this award further demonstrates how integral our employees are to our process,” said Tom Callahan, Donlen president. “This award also validates our continuous commitment to our employees, and our belief that engaged, happy employees lead to better overall business results.”

Each year, companies throughout the Chicagoland area compete to be named one of Chicago’s Best and Brightest Companies to Work For. Additionally, in 2020, companies are honored for their demonstration of leadership and forward-thinking as they navigate their business and workforce through COVID-19 and take important actions regarding race relations.

“Donlen is focused on the safety and well-being of our employees during these changing times,” said Sharon Peete, Donlen senior director – HR business partner. “We take pride in our ability to hear our employees’ concerns about the world around us and act in everyone’s best interests. Our dedication to employees is key to having a positive, healthy environment in the workplace, and we are committed to continuing our efforts to do so.”

Winners of Chicago’s Best and Brightest Companies to Work For award are scheduled to be honored virtually on Friday, July 24, 2020.

Source: https://www.automotive-fleet.com/10121765/donlen-named-top-chicago-workplace-in-2020

Supply Chain

Why do you need an IT specialist in your logistics business?

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Successful companies are constantly looking for more efficient ways of working by improving logistics. Increases in labor productivity are often associated with changes in the physical logistics management system. Information technology plays a very important role. Hence, it is important to always take care of it.
A special feature of the transport sector is the constant exchange of information. This is about the points that are very far apart. That is why the use of the most modern network devices and data transmission technologies is necessary.

IT technologies in aviation
Aviation is an area where modern information technology advances are being used. The automation of airports, air travel, aircraft maintenance, baggage tracking, and air cargo transportation has quickly become part of our lives. And it outperformed many other areas of automation. Reality is no longer imaginable without booking and selling tickets. It is hard to imagine booking and selling tickets today without automation.
IT technologies have become the main tool of competition between airlines. This happened when the number of air travel fell sharply during the Great Depression.
IT technologies in logistics
This optimizes the transport loading and transport routes. They help track goods on the go online. Such tasks require high processing speed. There is a high level of precision and consistency in supply chains. And they help last mile problem  to solve. With specialist help you can carry out tasks of any complexity.
Only modern innovative technologies make it possible to carry out tasks at such a high level. There are currently many box solutions available that can shorten delivery times. They also have an effect on the resulting costs. They help to optimally plan and follow up the movement of goods. Such solutions are available for all types of transport. With the use of GPS navigation, it is precisely this technology for the motor transport sector that has undergone rapid development. This enables real-time tracking of the location of each transport unit.
The logistics problems are relevant for areas in which a docking takes place in the transport of goods. Although between different types of transport. And thus between different data processing systems. This is related to the applicable regulations for the various modes of transport. Modern innovations in the form of the use of GPS monitoring, virtual distributed computing (or cloud data processing) and internet services enable the implementation of modern logistics tasks.
Information technologies are of particular importance for passenger transport. They are also used when transporting goods abroad. Only a free transport corridor guarantees on-time delivery of goods. This guarantees the improvement of the company’s competitiveness. The creation of a uniform transport system is the basis for global integration in the transport logistics area.

summary
Transport logistics can no longer do without special internet services. They enable you to plan product delivery channels and supply chains. And they can be created without prototypes of virtual freight forwarding services. And even without a transport route planner. So you can put together routes interactively. Online video enables the transport company dispatcher to monitor the situation at the border areas. It is used in goods transshipment locations. And it helps to control the transport as needed.

Source: Plato Data Intelligence

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Aerospace

‘Taiwan must secure a strategic position in space industry’s supply chain’: president

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SEOUL, South Korea — Taiwanese President Tsai Ing-wen said Sept. 14 the country “must secure a strategic position in the space industry’s supply chain” by leveraging its competitive edge in semiconductor and precision engineering. To that end, Taiwan’s leader called for cooperation between government, the private sector and academia to launch a “local team dedicated to manufacturing satellites and ground station equipment as soon as possible.”

Tsai made the remark during a visit to the National Space Organization (NPSO), a state-run space technology developer, at the Hsinchu Science Park, according to Taiwan News and other local media outlets.

She said it’s important for Taiwan to find “a niche [in the supply chain] with a strategic significance” and the government will support the move legally and financially, referring to the legislation of the Space Development Act in May and the 25.1 billion New Taiwan dollars ($906 million) budget, which the government has set aside to invest in the local space sector by 2028.

“Every country in the world is racing against time to go to space,” The Epoch Times quoted Tsai as saying. “Tens of thousands of satellites are expected to be sent into low Earth orbit in the next decade, generating massive demand for satellite and ground equipment manufacturing. The next decade is very crucial as many nations are also planning to return to the moon and Taiwan must secure a more strategically significant position in the ‘New Space Age.’” 

Tsai expressed hope that NSPO Director-General Wu Jong-shinn, nicknamed “Uncle Rocket,” would be able to “rocket” Taiwan’s space technology into space. Wu, who took office Aug. 2, is a graduate of the University of Michigan, with a doctorate in aerospace engineering. Since his inauguration, according to Taipei Times, Wu has restructured the NSPO to focus on the development of satellite payloads, components and avionics.

Speaking about the NSPO’s plans, Wu said weather satellite Triton is scheduled to be launched next year, and it also plans to develop a second low Earth orbit communications satellite for the “Beyond 5G project,” set to be launched in 2025 or 2026.


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://spacenews.com/taiwan-must-secure-a-strategic-position-in-space-industrys-supply-chain-president/

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Aerospace

‘Taiwan must secure a strategic position in space industry’s supply chain’: president

Published

on

SEOUL, South Korea — Taiwanese President Tsai Ing-wen said Sept. 14 the country “must secure a strategic position in the space industry’s supply chain” by leveraging its competitive edge in semiconductor and precision engineering. To that end, Taiwan’s leader called for cooperation between government, the private sector and academia to launch a “local team dedicated to manufacturing satellites and ground station equipment as soon as possible.”

Tsai made the remark during a visit to the National Space Organization (NPSO), a state-run space technology developer, at the Hsinchu Science Park, according to Taiwan News and other local media outlets.

She said it’s important for Taiwan to find “a niche [in the supply chain] with a strategic significance” and the government will support the move legally and financially, referring to the legislation of the Space Development Act in May and the 25.1 billion New Taiwan dollars ($906 million) budget, which the government has set aside to invest in the local space sector by 2028.

“Every country in the world is racing against time to go to space,” The Epoch Times quoted Tsai as saying. “Tens of thousands of satellites are expected to be sent into low Earth orbit in the next decade, generating massive demand for satellite and ground equipment manufacturing. The next decade is very crucial as many nations are also planning to return to the moon and Taiwan must secure a more strategically significant position in the ‘New Space Age.’” 

Tsai expressed hope that NSPO Director-General Wu Jong-shinn, nicknamed “Uncle Rocket,” would be able to “rocket” Taiwan’s space technology into space. Wu, who took office Aug. 2, is a graduate of the University of Michigan, with a doctorate in aerospace engineering. Since his inauguration, according to Taipei Times, Wu has restructured the NSPO to focus on the development of satellite payloads, components and avionics.

Speaking about the NSPO’s plans, Wu said weather satellite Triton is scheduled to be launched next year, and it also plans to develop a second low Earth orbit communications satellite for the “Beyond 5G project,” set to be launched in 2025 or 2026.


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spacenews.com/taiwan-must-secure-a-strategic-position-in-space-industrys-supply-chain-president/

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Ecommerce

Logistics startup Stord raises $90M in Kleiner Perkins-led round, becomes a unicorn and acquires a company

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When Kleiner Perkins led Stord’s $12.4 million Series A in 2019, its founders were in their early 20s and so passionate about their startup that they each dropped out of their respective schools to focus on growing the business.

Fast-forward two years and Stord — an Atlanta-based company that has developed a cloud supply chain — is raising more capital in a round again led by Kleiner Perkins.

This time, Stord has raised $90 million in a Series D round of funding at a post-money valuation of $1.125 billion — more than double the $510 million that the company was valued at when raising $65 million in a Series C financing just six months ago.

In fact, today’s funding marks Stord’s third since early December of 2020, when it raised its Series B led by Peter Thiel’s Founders Fund, and brings the company’s total raised since its 2015 inception to $205 million.

Besides Kleiner Perkins, Lux Capital, D1 Capital, Palm Tree Crew, BOND, Dynamo Ventures, Founders Fund, Lineage Logistics and Susa Ventures also participated in the Series D financing. In addition, Michael Rubin, Fanatics founder and founder of GSI Commerce; Carlos Cashman, CEO of Thrasio; Max Mullen, co-founder of Instacart; and Will Gaybrick, CPO at Stripe, put money in the round. Previous backers include BoxGroup, Susa Ventures, Dynamo, Revolution and Rise of the Rest Seed Fund, among others.

Founders Sean Henry, 24, and Jacob Boudreau, 23, met while Henry was at Georgia Tech and Boudreau was in online classes at Arizona State (ASU) but running his own business, a software development firm, in Atlanta.

Over time, Stord has evolved into a cloud supply chain that can give companies a way to compete and grow with logistics, and provides an integrated platform “that’s available exactly when and where they need it,” Henry said. Stord combines physical logistics services such as freight, warehousing and fulfillment in that platform, which aims to provide “complete visibility, rapid optimization and elastic scale” for its users.

About two months ago, Stord announced the opening of its first fulfillment center, a 386,000-square-foot facility, in Atlanta, which features warehouse robotics and automation technologies. “It was the first time we were in a building ourselves running it end to end,” Henry said.

And today, the company is announcing it has acquired Connecticut-based Fulfillment Works, a 22-year-old company with direct-to-consumer (DTC) experience and warehouses in Nevada and in its home state.

With FulfillmentWorks, the company says it has increased its first-party warehouses, coupled with its network of over 400 warehouse partners and 15,000 carriers.

While Stord would not disclose the amount it paid for Fulfillment Works, Henry did share some of Stord’s impressive financial metrics. The company, he said, in 2020 delivered its third consecutive year of 300+% growth, and is on track to do so again in 2021. Stord also achieved more than $100 million in revenue in the first two quarters of 2021, according to Henry, and grew its headcount from 160 people last year to over 450 so far in 2021 (including about 150 Fulfillment Works employees). And since the fourth quarter is often when people do the most online shopping, Henry expects the three-month period to be Stord’s heaviest revenue quarter.

For some context, Stord’s new sales were up “7x” in the second quarter of 2020 compared to the same period last year. So far in the third quarter, sales are up almost 10x, according to Henry.

Put simply, Stord aims to give brands a way to compete with the likes of Amazon, which has set expectations of fast fulfillment and delivery. The company guarantees two-day shipping to anywhere in the country.

“The supply chain is the new competitive battleground,” Henry said. “Today’s buying expectations set by Amazon and the rise of the omni-channel shopper have placed immense pressure on companies to maintain more nimble and efficient supply chains… We want every company to have world-class, Prime-like supply chains.”

What makes Stord unique, according to Henry, is the fact that it has built what it believes to be the only end-to-end logistics network that combines the physical infrastructure with software.

That too is one of the reasons that Kleiner Perkins doubled down on its investment in the company.

Ilya Fushman, Stord board director and partner at Kleiner Perkins, said even at the time of his firm’s investment in 2019, that Henry displayed “amazing maturity and vision.”

At a high level, the firm was also just drawn to what he described as the “incredibly large market opportunity.”

“It’s trillions of dollars of products moving around with consumer expectation that these products will get to them the same day or next day, wherever they are,” Fushman told TechCrunch. “And while companies like Amazon have built amazing infrastructure to do that themselves, the rest of the world hasn’t really caught up… So there’s just amazing opportunity to build software and services to modernize this multitrillion-dollar market.”

In other words, Fushman explained, Stord is serving as a “plug and play” or “one stop shop” for retailers and merchants so they don’t have to spend resources on their own warehouses or building their own logistics platforms.

Stord launched the software part of its business in January 2020, and it grew 900% during the year, and is today one of the fastest-growing parts of its business.

“We built software to run our logistics and network of hundreds of warehouses,” Henry told TechCrunch. “But if companies want to use the same system for existing logistics, they can buy our software to get that kind of visibility.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://techcrunch.com/2021/09/14/logistics-startup-stord-raises-90m-in-kleiner-perkins-led-round-becomes-a-unicorn-and-acquires-another-company/

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