Richelieu Hardware reported a sharp decline in profits for the third quarter, citing high-cost inventories as a key factor behind the drop. The Canadian specialty hardware company saw net income decrease by 24% to 22.7 million Canadian dollars (C$), or C$0.41 per share, from C$0.53 in the same period last year. Despite resilient revenue streams, […]
In a move that could significantly reshape its operations, Deutsche Post AG announced a decision to modernise its complex corporate structure, aligning it with its long-term growth ambitions under the “Strategy 2030 – Accelerate Sustainable Growth”. The restructuring is expected to streamline legal processes and enable the company to meet its goal of 50% revenue […]
Kusari, a startup specializing in software supply chain security, today announced a remarkable milestone in securing $8 million through combined investments in its Pre-Seed and Seed Round funding. This financial achievement marks a significant moment for Kusari, as the Seed Round was led by J2 Ventures and co-led by Glasswing Ventures, with additional participation from […]
Tata Consultancy Services (TCS) has rolled out the TCS Product Life Cycle Profiler, a new life cycle assessment (LCA) tool. Priced for scalability, this tool provides a dynamic approach to evaluating the environmental footprint of products across various lines. Collaboration with PRé Sustainability Built in partnership with PRé Sustainability, the Product Life Cycle Profiler aims […]
o9 Solutions, an artificial intelligence (AI) powered software platform specializing in supply chain management, has announced the immediate opening of o9 Hyderabad. This new hub aims to expand the company’s Research and Development (R&D), Product Management, and Global Delivery operations in India. This move comes in collaboration with the Telangana government to create a specialized […]
FedEx Innovation Lab (FIL) has made a strategic investment in Vue.ai, the proprietary artificial intelligence (AI) stack of Mad Street Den that enables transformation for Fortune 2000 companies and large enterprises across various industries. The investment aims to leverage advanced technology and data-driven insights to optimize supply chains, providing enhanced value and improved customer experiences. […]
Indian IT company Tata Consultancy Services (TCS) and British automotive company Jaguar Land Rover (JLR) have jointly announced the launch of the latter’s Open Innovation program in Tel Aviv, Israel. This program aims to drive disruptive mobility innovation and strengthen relationships between Jaguar Land Rover and the Israeli ecosystem, including start-ups, scale-ups, corporate entities, investors, […]
HCL Technologies (HCLTech) has unveiled its conversion solution for supply chain segmentation and demand for SAP S/4HANA, a streamlined segmentation solution based on a characteristic that handles the compliance check, regulatory restrictions, and validations in the supply chain and finance processes in a seamless manner. The automated compliance check in SAP drastically simplifies the testing […]
ASRC Federal Holding Company has agreed to acquire the logistics and supply chain management arm of Science Applications International Corp. (SAIC) in an all-cash transaction valued at $350 million. SAIC is a government military contractor, while ASRC Federal is a subsidiary of Arctic Slope Regional Corporation. The acquisition complements ASRC Federal’s strategy to establish itself […]
Infosys said that it has joined forces with mobility specialist ZF for revamping the latter’s multi-echelon supply chain with SAP Integrated Business Planning (SAP IBP) and Infosys Cobalt. Through the partnership with ZF’s aftermarket unit, Infosys has implemented SAP IBP to plan demand and optimization of inventory. Infosys is said to have been selected to […]