Tag Archives: supply chain

Optimizing fulfillment from facility design down to the everyday operation: Syncontext is transforming the fulfillment and distribution world with innovative optimization technology

VANCOUVER, B.C. /ScoopCloud/ -- Syncontext Supply Chain, an international supply chain technology firm based in Vancouver, British Columbia, Canada, today announced the release of its new and innovative end-to-end fulfillment optimization system, SKUstream™, along with unveiling a fresh, new corporate identity.

Combining five solutions in one, SKUstream™ uses its robust data-driven requirement planning engine to optimize fulfillment centers from logistics resource planning, distribution center design and implementation, to daily slotting of items.

As with all Syncontext applications, SKUstream™ is cloud-based, allowing it to easily and consistently leverage operational data from an organization's existing management systems.

With an emphasis on end-to-end fulfillment optimization, SKUstream™ integrates key continuous improvement principles with state-of-the-art algorithms to isolate and eliminate sources of unnecessary waste in fulfillment operations.

"When we talk about waste, we're talking about every key area of waste in the average distribution center," said Robbie Cluett, Director of Business Development & Customer Success. "Movement, space, product damage, time are all examples of the waste that SKUstream will detect and minimize. Ultimately, improving profitability."

With decades of supply chain operational and consulting experience among Syncontext's leadership team, not just on the conceptual and analytical side, but also in implementing the concepts and strategies themselves, SKUstream™ was developed with first-hand knowledge of the challenges being faced daily by supply chain executives.

"Supply Chain Executives are recognizing a more holistic approach to optimization and continuous improvement is necessary. You cannot just look at one or two parts of the operation anymore. There are trade-offs everywhere," said Hector Orozco, President & CEO.

Even before the COVID-19 pandemic, which challenged even the most resilient supply chains, Syncontext gained industry recognition from leaders moving towards end-to-end optimization.

With the worst hopefully behind us, and with supply chains normalizing once again, Syncontext sees end-to-end fulfillment optimization as an essential part of every supply chain executive's tool kit.

To learn more about SKUstream™ and how distribution networks are benefiting from it, follow the link below.

Learn more: https://www.syncontext.com/

MULTIMEDIA:

VIDEO (YouTube): https://youtu.be/q3DK2_XfPjU

LOGO link for media: https://www.Send2Press.com/300dpi/21-0212s2p-Syncontext-300dpi.jpg

Syncontext Supply Chain, an international supply chain technology firm based in Vancouver, British Columbia, Canada, today announced the release of its new and innovative end-to-end fulfillment optimization system, SKUstream™, along with unveiling a fresh, new corporate identity.

Related link: https://www.syncontext.com/

Distribution and Supply Chain 2020 Annual Report – Planned Capital Projects

JACKSONVILLE BEACH, Fla. /ScoopCloud/ -- SalesLeads announced today the CY 2020 results for new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 2,198 new projects in the Industrial Manufacturing sector identified in 2020.

Planned industrial project activity within the sector increased by 12% from the previous year.

The following are selected highlights on new Distribution Center and Warehouse construction news.

DISTRIBUTION AND SUPPLY CHAIN

PROJECT TYPE

Distribution/Fulfillment Centers- 612 New Projects

Industrial Warehouse - 1,823 New Projects

PROJECT SCOPE/ACTIVITY

New Construction - 1,055 New Projects

Expansion - 482 New Projects

Renovations/Equipment Upgrades - 691 New Projects

Plant Closing - 33 New Projects

PROJECT LOCATION

Texas - 212

California - 153

Florida - 142

New York - 133

Ohio - 124

Indiana - 92

Illinois - 87

Pennsylvania - 86

North Carolina - 78

Tennessee - 75

YOY GROWTH BY STATE

Research shows Tennessee had the highest increase with 35% more projects identified than in 2019. Conversely, Texas showed the largest decline of projects tracked, with a 5% decline compared to 2019.

MOST ACTIVE MONTH

Research shows that the most active month was April, where 214 opportunities.

LARGEST MONTH TO MONTH INCREASE IN PROJECTS TRACKED

Research shows that there was an 18% increase in new projects tracked from March 2020 to April 2020. Conversely, Apr-May showed the largest month to month decline; with 214 new projects in April and 182 in May.

OPPORTUNITIES - BY EQUIPMENT NEED

Conveyors - 1,373

Material Handling/Storage Equipment - 1,579

Lift Trucks - 1,594

Loading Dock Equipment - 1,461

Compressed Air Systems - 1,989

Control Systems and Instrumentation - 662

Floor Coatings - 1,306

Mechanical Construction - 1,835

Fire Suppression Equipment - 1,835

Networking/Security Equipment - 1,835

LARGEST PLANNED PROJECT

In 2020, our research team identified 54 new facility construction projects, estimated value of $100 million or more.

The largest project is owned by Bureau of Engraving & Printing, planning to invest $1.4 billion for the construction of a 1 million sf warehouse & office facility in BELTSVILLE, MD. The project is in early design stage.

TOP 12 LARGEST DISTRIBUTION AND SUPPLY CHAIN PROJECTS

JANUARY

Federal defense agency is planning to invest $125M for construction of a warehouse, office & aircraft maintenance hangar in FAIRFIELD, CA.

FEBRUARY

Global online retailer is investing $295M for the construction of a 645,000sf distribution center in BONDURANT, IA.

MARCH

Commercial airline is planning to invest $550M for a 325,000sf expansion, renovation & equipment upgrades on aircraft hangar, warehouse, & office facilities at Tulsa International Airport in TULSA, OK

APRIL

Biotechnology company is planning to invest $200M for construction of a 416,000sf warehouse, processing & laboratory facility in PLAINVILLE, MA.

MAY

Global online retailer is investing $350M for the construction of a 4M sf distribution facility in CLAY, NY.

JUNE

Cooperative food wholesaler is planning to invest $300M for the construction of a 918,000sf distribution facility in HERNANDO, MS. They will consolidate regional operations upon completion in Spring 2023.

JULY

Aluminum can and glass bottle mfr. is planning to invest $366 million for the construction of a 908,000sf manufacturing, warehouse, laboratory, and office facility in OLYPHANT, PA.

AUGUST

Global online retailer is planning to invest $400M for construction of a 3.8M sf distribution center in DETROIT, MI.

SEPTEMBER

Food production company is planning to invest $314M for construction of a greenhouse, processing, distribution complex in EARLY BRANCH, SC. Construction will occur in phases, completion of first phase 2022.

OCTOBER

LNG provider is planning to invest $542M for construction of processing, warehouse & office facility in JACKSONVILLE, FL.

NOVEMBER

Federal agency is planning to invest $1.4B for construction of a 1M sf warehouse & office facility in BELTSVILLE, MD. In early design stage.

DECEMBER

Online video streaming service provider is planning to invest $1B for expansion of warehouse, studio production & office complex in ALBUQUERQUE, NM.

ABOUT SALESLEADS INC.

SalesLeads Inc., Jacksonville, Florida, generates high quality industrial sales leads with valuable project information that can be assigned immediately to sales. Learn more: http://www.salesleadsinc.com/ 800.231.7876

SalesLeads announced today the CY 2020 results for new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects.

Related link: https://www.salesleadsinc.com/

XLR8 Companies announces New Technology Division headed by Santosh Kumar and New Medical Services

NEW YORK, N.Y. /ScoopCloud/ -- Xelerate Logistics LLC ("XLR8") announced the launch of its latest additions to its business, two new divisions, Advanced Technology Services, and Medical Equipment & Shipping.

The Information Technology Services product that was in developmental stages from April 2, 2020, is headed by Santosh Kumar, Chief Information Officer. Santosh Kumar, born and raised in Bangalore, India who now resides in New Jersey has over fifteen years of work experience in Project Management. Mr. Kumar also has strong work experience in software application development for Investment Banking and Capital Markets, development of web-based software, data migration, reporting, and software enhancement and releases for larger clients.

This new technology division will enhance XLR8 Companies and clients in multiple ways. With in-house services for XLR8 product development and a subsection devoted solely to its customers' needs, it will improve efficiency and offer options for clients to hire outsourcing their IT needs. This includes Staff Augmentation, Contract Placement, and specific Vendor Programs.

As of August 5, 2020, XLR8 Companies now offers products, sourcing, and logistics for Medical Supplies, Vendor Sourcing for Personal Protective Equipment (PPE) through industry specialists in medical personal protective equipment as well as supply trade. With its partners centralized in Korea and with the partnership of Serendipity Consulting Group, XLR8 can supply both certified manufacturers and vendors, SGS reports and other certifications, custom shipping and deliveries from its network of vendors in Cambodia, China, Korea, Malaysia, Myanmar, Thailand, and Vietnam.

About Xelerate Logistics LLC:

Xelerate is a New York based company with Headquarters in New York City along with offices in Commack, N.Y. & Los Angeles, California, and Global Operations in Canada, Asia, Africa & the Middle East. The founding members of XLR8 managed and ran asset-based lending companies with portfolios in aggregate of over $500 million over the past 20 years; and are now looking into a fund of over $2 Billion. In addition to bringing their networks and expertise into XLR8, the team created an end to end supply chain and logistics management company that can finance the customer's needs from manufacturing through end delivery.

The company provides services related to shipping (ocean and air), both domestic & international, financing and funding options through its supply chain solutions.

For more information, please call, 877.712.6888, email info@xlr8companies.us or visit our website at https://www.xlr8companies.us/.

Xelerate Logistics LLC ("XLR8") announced the launch of its latest additions to its business, two new divisions, Advanced Technology Services, and Medical Equipment & Shipping.

Related link: https://www.xlr8companies.us/

R2Net – JamesAllen.com secures $25 Million in growth funding

NEW YORK CITY, N.Y., Dec. 18, 2014 (SEND2PRESS NEWSWIRE) -- R2Net - JamesAllen.com, one of the two largest diamond and bridal jewelry e-commerce platforms in the U.S. announced today that is has secured $25 Million in growth funding from Israel Growth Partners (IGP).

The money raised will be used to fund R2Net's aggressive growth strategy. As part of this strategy, the Company recently acquired and consolidated the operations of Segoma Inc - an innovative provider of advanced diamond imaging technology, and Brio Animation Studio Ltd - a groundbreaking visualization and augmented reality studio.

In addition, R2Net's ecommerce brand - JamesAllen.com - has recently launched a "store-in-store" joint venture with Sears, one of the largest brick and mortar retailers in the U.S.

JamesAllen.com seamlessly integrates smart phones, tablets and PCs, as well as virtual kiosks, which enables the digital generation to easily shop for diamond jewelry in an interactive, personalized and familiar environment.

In addition to its direct-to-consumer business, R2Net operates a B2B platform that serves the online diamond sales of giants such as Signet Jewelers, the largest jewelry retailer in the world with 3,500 retail stores worldwide.

R2Net has built a sophisticated e-commerce and supply chain platform, which ties the entire span of the diamond industry's ecosystem, including diamond and jewelry manufacturers, retailers and consumers. R2Net's B2B platform utilizes advanced imaging and visualization technologies to capture and display diamonds and jewelry at a quality that surpasses a jeweler's loupe, thus enabling manufacturers to dramatically cut the lead times and costs of global diamond trade.

R2Net's innovative e-commerce, imaging, visualization and supply chain management platforms are revolutionizing the $70 billion global diamond industry during times of great change in consumer and supplier dynamics and behaviors.

"I'm excited to have IGP, one of Israel's premier private equity funds, share and invest in realizing our vision and would like to welcome Moshe Lichtman and Haim Shani to our board. I look forward to benefiting from IGP's partners' operational experience in scaling up global technology companies," said Oded Edelman, R2Net's founder and CEO.

"R2Net is a great example of the type of technology companies that IGP is focused on. Its ground-breaking technology, its strong momentum in the marketplace and Oded's vision and unique skills make R2Net a prime candidate for global category leadership in a huge market that's ripe for disruption," said Moshe Lichtman, General Partner at IGP. "IGP believes that there is a unique strategic opportunity to better serve the entire diamond industry's ecosystem and to deliver significant value across the board with R2Net's technology platforms and capabilities."

About R2Net - James Allen:

JamesAllen.com is a leading online retailer of diamonds and engagement rings. The idea behind JamesAllen.com is simple: Offer beautiful engagement settings coupled with high quality laboratory graded diamonds, all at an extraordinary value. Each diamond and ring on JamesAllen.com is displayed using proprietary 360-degree Display Technology which allows customers to see and interact with diamonds and rings from the comfort of their home. To learn more about James Allen visit http://www.jamesallen.com/ .

About Israel Growth Partners:

Founded in 2014, Israel Growth Partners (IGP) is a Private Equity investment firm founded by Moshe Lichtman and Haim Shani and backed by leading financial institutions including banks, insurance companies and pension funds. IGP's mission is to provide growth capital, strategic guidance and active involvement in Israeli-related technology companies benefiting from its founders' vast operational experience.

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/r2net-james-allen-secures-25-million-in-growth-funding-2014-12-1218-002.shtml.

NEWS SOURCE R2Net James Allen :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2014 Send2Press® Newswire, a service of Neotrope®.