As geopolitical tensions intensify between the U.S. and China, tech giants Microsoft, Amazon, and Google are ramping up efforts to move production of their products and data centers outside of China, Nikkei reported, citing supply chain sources. In particular, Microsoft wants to have up to 80% of the components needed to make its Surface notebooks […]
Amid all the “is this a bubble?” talk about artificial intelligence, the supply chain and logistics industries have become breeding grounds for seemingly genuine uses of the technology. Flexport, Uber Freight, and dozens of startups are developing different applications and winning blue-chip customers. But while AI helps Fortune 500s pad their bottom line (and justify
How a 16-year-old company is easing small businesses into AI Read More »
Warp was founded in 2021 to help companies streamline their shipping supply chains and reduce costs through its tech-enabled network of shippers, carriers and warehouses. Now, it wants to make supply chains further efficient by using robots to automate its web of warehouses. Daniel Sokolovsky, the co-founder and CEO of Warp, told TechCrunch that Warp
How Warp is introducing robots to automate its network of warehouses Read More »
U.S. grocery distribution giant United Natural Foods (UNFI) said on Tuesday it is working to restore its capabilities following a cyberattack last week that continues to disrupt the grocery supply chain. UNFI said as part of its third quarter earnings report that it was “diligently managing through the cyber incident” it confirmed on Monday. The
Ongoing cyberattack at US grocery distributor giant UNFI affecting customer orders Read More »
The U.S. government imposed sanctions on FUNNULL, a company accused of providing infrastructure for cybercriminals running so-called “pig butchering” crypto scams that have led to $200 million in losses for Americans victims. On Thursday, the Treasury’s Office of Foreign Assets Control announced the sanctions, saying FUNNULL is “linked to the majority of virtual currency investment
US government sanctions tech company involved in cyber scams Read More »
Geopolitical pressures are accelerating a demand in many countries and regions to reshore — that is, to redevelop critical industry infrastructure, and to bring back businesses, which had moved or outsourced some or all of their industrial operations to cheaper countries further away. But that is easier said than done. In the key area of
British startup Isembard lands $9M to reshore manufacturing for critical industries Read More »
The business of moving goods in the United States is dominated by trucks, which handles about two-thirds of the 20.2 billion tons of freight that’s transported annually. Parallel Systems founder and CEO Matt Soule wants to change that by putting a modern autonomous and electric twist on the centuries-old railroad system. The Los Angeles-based company
Parallel Systems is building autonomous electric rail for short-distance freight Read More »
Scimplify, an Indian startup that helps pharmaceutical and agriculture companies access a range of specialty chemicals, has raised $40 million in a new funding round co-led by Accel and Bertelsmann Investments to widen its footprint in the U.S. and reach new markets. The Series B round pegs Scimplify’s valuation at about $150 million post-money, the
Scimplify raises $40M to help manufacturers access specialty chemicals Read More »
When goods enter the U.S., they have to be declared to U.S. customs so the importer can be charged the proper taxes. That applies to everything from a consumer ordering clothes from a brand based overseas to every single item on a massive container ship. When it comes to commercial importing, filling out the necessary
DocUnlock wants to solve a customs bottleneck Read More »
Supply chains have had a tumultuous few years, beginning in 2020, when COVID-19 upended legacy global supply chains. More recently, the “TikTok-ification” of retail has companies like Shein and Temu creating new products constantly as consumer demands change at the same rapid pace. Pendulum aims to help companies better plan for supply and demand in
Pendulum’s AI-driven platform helps enterprises better predict supply and demand Read More »
