The Supply Chain Matters blog features our November 21, 2019 Edition 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.
Included in this edition are highlights related to noteworthy announcements and/or developments related to:
Arch Systems and Flex
Convoy Raises Additional Investor Funding
Digital freight broker Convoy has raised $400 million in a Series D funding round that values this technology business at a reported $2.7 billion. This latest funding brings total capital raised to in excess of $669 million.
Founded in 2015, this Seattle based online truck freight broker addressed an area for matching truckers with shippers needing to move cargo. The company has subsequently competed with freshly funded start-up firms such as Transfix, Uber Freight and others, as well as established truck brokers such as C.H. Robinson and Echo Global Logistics continue to leverage and deploy their own developed digital based online technology. The Wall Street Journal, citing data from Armstrong and Associates, indicates the U.S. based digital broker start-ups drew over $660 million in investor funding between 2011 and 2018. Funding is expected to surpass $1 billion this year.
The company plans to use these added funds to hire additional product engineers and other staff, with a goal of doubling headcount over the next two years.
Investment firm Generation Investment Management and previous investor T. Rowe Price Associates led the latest funding round, with participation from previous investor Alphabet Inc.’s CapitalG fund.
Arch Systems Partners with Flex for Manufacturing Data Integration
Arch Systems, provider of machine-data-sensing technology compatible with both legacy and new industrial machines, has announced an agreement with Flex, a global based supply chain and manufacturing services company, to supply real-time access to and analysis of manufacturing data at Flex facilities.
According to the announcement, Flex operates a broad portfolio of new and legacy production equipment which posed a challenge in the Industry 3.0 dimension. With this partnership, Arch Systems will deploy its enterprise-level machine-data-sensing platform, ArchFX, at Flex’s manufacturing sites globally, extracting and transforming raw machine data into a global standard. In addition, Flex and Arch are creating standardized KPIs, such as global overall equipment efficiency and Industry 4.0 applications like predictive maintenance and end-to-end product traceability. These capabilities are driven by real-time information, advanced analytics and AI to help manufacturing move forward in the spirit of Industry 4.0.
Anheuser-Busch Completes First Zero-Emission Beer Delivery Cycle
U.S. beer producer Anheuser-Busch, in partnership with Nikola Motor Company and BYD Motors, completed their first ever ‘Zero-Emission Beer Delivery’ in the company’s hometown of St. Louis – utilizing both companies’ innovative fleet technology to deliver beer from the local Anheuser-Busch brewery to the St. Louis Enterprise Center sports facility using only zero-emission trucks.
A Nikola hydrogen-electric truck picked up the load of beer and delivered it to Anheuser-Busch local wholesaler partner, Lohr Distributors – marking the first commercial delivery onboard a Nikola hydrogen-electric vehicle. Lohr Distributors then delivered the beer to the Enterprise Center, home of the St. Louis Blues NHL hockey team, on a BYD electric truck – a milestone delivery.
The delivery builds on Anheuser-Busch’s ongoing commitment to sustainability and existing partnerships with both Nikola and BYD. Through their 2025 Sustainability Goals, Anheuser-Busch has committed to reducing carbon emissions across their value chain by 25 percent by 2025.
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.
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