The Supply Chain Matters blog features our fourth in our year 2020 editions of This Week in Supply Chain Management Tech, a brief synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based blog readership.
Since our last edition published on January 31, we have separately published three dedicated blogs related to significant supply chain management focused technology developments:
Included in this edition are capsulated highlights of noteworthy announcements and/or developments related to the B2B logistics and transportation technology segment.
One Network Enterprises
Deliverr Raises Additional $40 Million in Funding
After raising $40 million in venture capital funding in prior Series A and Series B funding rounds, San Francisco based online commerce customer fulfillment technology provider Deliverr, Inc. announced completion of an additional $40 million Series C funding round. This round was led by Activant Capital with participation from 8VC, GLP and Flexport founder and CEO Ryan Peterson.
We last featured Deliverr in the September 27, 2019 of this column.
Founded in 2017, with offices in San Francisco, Chicago and Toronto, this provider orchestrates the online order fulfillment needs for merchants selling their products on either the Amazon.com, Walmart.com, eBAY and Shopifly online shopping platforms, leveraging a network of 16 U.S. wide fulfillment centers. The company’s technology allocates inventory among distribution centers while allowing hosted sellers to tag items with special badges that denote required shipping times and whether items qualify premium programs such as Amazon Prime.
Proceeds of this latest investment round are destined to advance development in AI and machine learning capabilities and build out new shipping programs across new major online marketplaces along with additional scaling of staff.
The company’s internal blog recently reported that customers have grown 11-fold while the provider’s overall fulfillment center footprint has expanded 4-fold, with more than half of the U.S. population now fiving within 100 miles of a designated fulfillment center.
Digital Freight Marketplace Provider Emerge Raises $20 Million
Phoenix Arizona based start-up Emerge announced completion of a $20 million Series A funding round led by NewRoad Capital Partners, with participation from previous investors Greycroft and 9Yards.
Founded in 2018 by brothers Andrew and Michael Leto, the company reportedly has processed more than $1 billion in freight movement. The company operates a digital freight marketplace where shippers and freight brokers can find, allocate and engage carriers for full-truckload shipments.
Proceeds of this Series A round will reportedly be utilized to support and expand the existing platform, expand marketing, and allow the company to move to a new facility in Scottsdale, Arizona.
One Network Enterprises Announce Enhancements to Global Logistics Gateway
Dallas Texas based One Network Enterprises, a provider of multi-party business networks for autonomous supply chain management, announced the availability of the latest version of its Global Logistics Gateway (GLG) with the company’s digital freight brokerage network.
Developed in partnership with multiple customers, including a top global food and drug retailer, the technology helps organizations digitize their transportation processes. One Network’s GLG reportedly serves as a single point of contact for global carriers, freight forwarders and other logistics service providers with pre-integrated connections to telematics services, making it easy to connect and collaborate with shipping partners. The service leverages system policies where shippers can publish demand, while allowing transportation providers, digital freight matching companies, and other freight marketplaces to post available capacity and rates. The service then optimally selects the best available capacity with the desired rate and service level.
The company’s platform-as-a-service (PaaS) technology allows organizations to design, build, and run multi-party applications. Industry focus includes Retail, Food Service, Consumer Goods, Automotive and other sectors.
Digital Freight Start-Up Next Trucking to Shed Headcount
Technology start-ups can from time-to-time discover that previous market penetration strategies need to be altered.
The Wall Street Journal reported that El Segundo California based digital freight-matching startup NEXT Trucking is shedding upwards of 19 percent of workforce and eliminating some business lines in an effort to focus on the transportation needs of hauling products to and from seaports.
The firm’s CEO indicated to the publication that well the company has plenty of cash, it needs to shed unprofitable business units and instead redirect activities into other market expansion opportunities. Next had been targeting the drayage sector which moves goods relatively short distances.
The company had previously raised a reported $125 million from backers.
This concludes our latest edition of This Week in Supply Chain Management Tech.
An Added Note to Readers– Supply Chain Matters will feature our This Week in Supply Chain Tech highlight series periodically as announcements warrant.