• DATVF.ATLPHL
    1.643
    -0.074
    -4.3%
  • DATVF.CHIATL
    1.951
    0.018
    0.9%
  • DATVF.DALLAX
    0.880
    0.015
    1.7%
  • DATVF.LAXDAL
    1.501
    0.007
    0.5%
  • DATVF.SEALAX
    0.966
    -0.092
    -8.7%
  • DATVF.PHLCHI
    0.929
    -0.038
    -3.9%
  • DATVF.LAXSEA
    2.005
    0.035
    1.8%
  • DATVF.VEU
    1.508
    -0.031
    -2%
  • DATVF.VNU
    1.395
    -0.016
    -1.1%
  • DATVF.VSU
    1.191
    0.011
    0.9%
  • DATVF.VWU
    1.486
    -0.028
    -1.8%
  • ITVI.USA
    9,836.710
    -180.070
    -1.8%
  • OTRI.USA
    4.790
    0.100
    2.1%
  • OTVI.USA
    9,831.280
    -180.470
    -1.8%
  • TLT.USA
    2.410
    -0.010
    -0.4%
  • WAIT.USA
    150.000
    0.000
    0%
  • DATVF.ATLPHL
    1.643
    -0.074
    -4.3%
  • DATVF.CHIATL
    1.951
    0.018
    0.9%
  • DATVF.DALLAX
    0.880
    0.015
    1.7%
  • DATVF.LAXDAL
    1.501
    0.007
    0.5%
  • DATVF.SEALAX
    0.966
    -0.092
    -8.7%
  • DATVF.PHLCHI
    0.929
    -0.038
    -3.9%
  • DATVF.LAXSEA
    2.005
    0.035
    1.8%
  • DATVF.VEU
    1.508
    -0.031
    -2%
  • DATVF.VNU
    1.395
    -0.016
    -1.1%
  • DATVF.VSU
    1.191
    0.011
    0.9%
  • DATVF.VWU
    1.486
    -0.028
    -1.8%
  • ITVI.USA
    9,836.710
    -180.070
    -1.8%
  • OTRI.USA
    4.790
    0.100
    2.1%
  • OTVI.USA
    9,831.280
    -180.470
    -1.8%
  • TLT.USA
    2.410
    -0.010
    -0.4%
  • WAIT.USA
    150.000
    0.000
    0%

Slync



Based in Silicon Valley, Slync is an software platform redefining multi-party interaction, automation, and collaboration throughout the supply chain. Leveraging enhanced visibility, intelligent workflows, predictive analytics, AI, and blockchain, Slync powers leading players in the global logistics ecosystem—including shippers, carriers, forwarders, LSPs, and suppliers—to digitize, automate, and elevate supply chain performance. The company’s award-winning platform and products transform the way partners share data, improve visibility, automate workflows, manage exceptions, and analyze results. The result: increased supply chain efficiency, measurable cost savings, and significant competitive advantage. Slync is Supply Chain Collaboration—Redefined.

  • Demand-driven retail supply chains need automated wholesale routing

    To remain competitive and continue growing conversion rates and sales per square foot, brick and mortar retailers are under pressure to make available exactly the products consumers want and when they want them.

    In our view, automated wholesale routing—an intelligent, holistic approach to integrating the supply chains between retail brands like footwear companies and their wholesale customers like department stores—will be a key driver of value going forward.

    Over the next three to five years, global supply chains will be radically reorganized.

    Protectionist trade policies are dismantling decades-old freight flows between major economies. A new wave of automation in manufacturing and compressing spreads in labor cost arbitrage opportunities are encouraging importers to on-shore or near-shore more of their supply chains. At the same time, lean practices, tight industrial real estate markets, and intensifying e-commerce activity have shifted the perception of supply chain outperformance from a cost center to a competitive differentiator.

    These changes require retail brands and their wholesale customers to develop more flexible and responsive supply chains. One metric key to successfully navigating this transformation will be the velocity of information flows from the end customer upstream through the retailer and back to the supplier.

    “To mitigate stock-outs while limiting exposure to high inventory levels, leading retailers will secure their supply base and consistently source products to arrive into their supply chain just in time,” KPMG wrote in a recent report titled The Future of Retail Supply Chains.

    “However, when most retailers take stock and properly analyze their supply chains, they find that almost all of their supply chain processes and policies are designed to compensate for information latency and demand uncertainty,” KPMG found.

    End-to-end freight visibility is an obvious precondition for speeding the flow of information pushed to all partners in a value chain, but that level of technology is only now being adopted by the majority of shippers, third-party logistics providers, and transportation companies in the space.

    “For 78% of participating [consumer packaged goods] companies, end-to-end data visibility—from point-of-sale data to GPS tracking data on shipments—is a priority. Although they are accumulating more, and more valuable, data, most companies lack the tools and systems to analyze it and apply insights from it,” wrote Boston Consulting Group in reference to its 2018 survey of more than thirty leading CPG companies.

    The goal of retail brands and their wholesale customers should be to hit the sweet spot between minimizing both stock-outs and carried inventory. That means building an integration layer across the value chain so that demand information is communicated to suppliers automatically, and shipments can be planned, prepared, submitted, and executed without human intervention or delay.

    “Our automated wholesale routing is driving value for both the retail brand and the wholesale customer,” said Chris Kirchner, chief executive officer of Slync. “Realtime anomalies in brick-and-mortar inventory levels instantly trigger processes at upstream suppliers to keep product moving and demand fulfilled.”

    KPMG found that shifting to a demand-driven retail supply chain model could result in a 1-4% improvement in sales, a 5-10% reduction in operating expenses, and a 20-30% reduction in inventory. Instead of slow, linear information flows that take time and accumulate errors as emails and phone calls move up the value chain to manufacturers, KPMG said that demand-driven supply chains take on the characteristics of networks.

    “Effective [demand-driven supply chains] leverage network-based models that allow all participants to work as one virtual organization. They are also effective collaborators as they share big data across the network and respond quickly to changing customer demand signals,” KPMG wrote.

    When retailers face pressure from volatile, unpredictable demand signals and e-commerce competitors, they in turn apply pressure to their suppliers in the form of strict on-time and in-full fulfillment requirements. If suppliers do not hit certain targets, a percentage of the value of the shipment is extracted as a fee — a chargeback — is extracted by the wholesaler. Walmart, for example, charges 3% on every trailer that’s late, while Target charges 5%.

    The more automated a wholesale customer’s receiving processes and distribution centers are, the stricter the fulfillment requirements become. A large e-commerce retailer requires its suppliers to use identification numbers on each case and to adhere to specific pallet requirements including both size, orientation, and packaging — all to enable  touchless, automated de-palletization and conveyor receiving.

    “Slync’s platform allows retail brands to build shipments for their wholesale customers that are automatically compliant with their routing requirements, whether it’s transit time, temperature control, or packaging and unloading,” Kirchner said. “Manually constructing orders for multiple customers, all with different requirements, is labor-intensive, costly, and doesn’t actually work very well. With artificial intelligence, Slync quickly determines the SKUs, facilities, transportation solutions, and customer destinations needed to respond to customer demand signals as they emerge.”

    Implementing new technology and integrating it across several supply chain partners can be expensive and hard, which is why many retail brands and their wholesale customers rely on legacy enterprise resource planning and transportation management systems. As their operations evolve, these companies pay high customization fees to their software providers and remain captive to obsolete technology.

    Slync’s platform works differently: it’s a cloud-based integration layer that pulls data from siloed on-premise systems and then restructures it so that it can be analyzed by machine learning algorithms. The automated wholesale routing offering represents a small IT investment for retail brands and offers the benefits of providing them with an integrated portal with their wholesale customers. On the other side of the supply chain, Slync’s platform lets wholesale customers generate an additional return on the investment they’ve already made in software.

    “Heavily automated, fully integrated demand and supply planning breaks traditional boundaries between the different planning steps and transforms planning into a flexible, continuous process,” wrote McKinsey analysts Knut Alicke, Daniel Rexhausen, and Andreas Seyfert in a recent report titled “Supply Chain 4.0 in consumer goods.”

    That’s the vision Slync has for creating more robust retail brand – wholesale customer supply chains: faster, more flexible, more granular, more accurate, and more efficient movement of information and goods.

    “With advanced system support, 80 to 90 percent of all planning tasks can be automated and still ensure better quality compared with tasks conducted manually,” McKinsey concluded.

  • Press Release: Slync Bolsters Advisory Board with GT Nexus Co-Founder John Urban and Serial Pharma Entrepreneur Robert Edwards

    Award-winning supply chain collaboration company welcomes two established entrepreneurs with almost $1 billion of combined exits

  • Slync Expands Leadership Team with Supply Chain and Logistics Executives from Deloitte and DHL

    Supply chain automation company doubles its team in three months

  • Redwood’s Rempel: supply chain doesn’t know blockchain, blockchain doesn’t know supply chain

    FreightWaves’ coverage of Distributed 2018, a leading enterprise blockchain conference, continues. On Friday afternoon, George Abernathy, the Chief Revenue Officer of FreightWaves, moderated a panel on the Internet of Things. Panelists included Slync CEO Chris Kirchner, Redwood Logistics CIO Eric Rempel, Kylen McClintock of Flux IoT, and Zaki Manian, Executive Director of the Trusted IoT Alliance.

  • Best in Show: A Look at Transparency18’s Demo Day winners

    On Tuesday, 35 companies gathered at Transparency18 to show off their tech-oriented products and demonstrate how this technology will move the transportation industry into the future. However, there was a catch—each company only had 7 minutes to demo their product.

    The fast-paced event was filled with highlights and impressive technology, but only five were voted “Best in Show” by attendees: BOXLOCK, Learning Machine, Slync.io, TMC C.H. Robinson and TriumphPay.

    BOXLOCK

    BOXLOCK IoT security is for last mile delivery. Unique bar code scan and actual box lock to work at a variety of places. It works with UPS, USPS, FedEx, and Amazon. The lock automatically scans from the bar code from the package. If it’s the right package, the lock pops open and the package can be delivered. The service is also an app, which verifies the package and unlocks when you press the button.

    They have one for home and one for more industrial application. In this case, the bill of lading can scan the lock and can act as a trigger point for payment and delivery.

    Learning Machine

    Learning Machine unveiled a self-sovereign Universal Driver ID based on the BlockCerts open standards for issuing and verifying documents and official records on the blockchain.

    Natalie Smolenski from Learning Machine pointed out that 10% of all fictitious pickups in the American freight industry involve identity theft, which is only becoming more common. Those fictitious pickups average $140K in value.

    “If you’re a carrier and you’re hiring a new driver, and are presented a BlockCert, verifying it is just as easy—you can do it with one click, or by scanning a QR code, or by pasting a link into our universal verifier,” said Smolenski.

    Learning Machine wants to use cryptographically secured identity documents to eliminate identity fraud, double brokering, and issues with lost paperwork that introduce new costs and inefficiencies in logistics processes.

    Slync.io

    Slync is a blockchain-based platform designed to increase efficiencies by making blockchain simple to understand and use.

    “Our passion is to bring every day applications for customers to be more productive.”

    Slync allows users to also create smart contracts, which can establish the chain of custody. They also have a chat and communication channel to speak directly with the partner who may have failed in the supply chain. It helps have greater impact and will increase KPIs. Especially things of high value can currently work with Slync. All clicks and no code.

    At Transparency18, Slync announced its new partnership with UPS. They also offered a critical feature of an objective partner score with everyone you’re working with on the supply chain.

    TMC C.H. Robinson / Microsoft

    TMC-C.H. Robinson is focused on 4PLs and global shipments. They want to accelerate commerce through the most powerful platform. In order to accomplish this, TMC C.H. Robinson collaborates with Microsoft.

    “At any moment in time we want to know where every piece of inventory is. We want to be proactive rather than reactive.”

    The data gets granular and is live-tracked through a 3rd party API. Also live tracking of flights, all through their Navisphere Vision platform. Whether truckload or ship or air.

    TriumphPay

    TriumphPay showcased a payment platform that it believes could change the industry.

    “We believe [blockchain] should be used to improve on system integration on existing APIs,” said Jordan Graft, EVP of payment solutions.

    Triumph’s demonstration utilized a spot load and tracked it through blockchain to end payment. Built to work on any TMS system, the blockchain collects data from the original tender, any accessorials that need to be added, and the delivery, and once approved executes the specifics of the contract, including giving the driver/fleet the ability to choose QuickPay. All that information is loaded on to the blockchain ledger in a standardized format that speeds the entire process, including payment.

    “We have the ability to fundamentally change the payments industry,” Graft said. “We waste hundreds of billions of dollars doing this manually.”

    Stay up-to-date with the latest commentary and insights on FreightTech and the impact to the markets by subscribing.

  • Supply Chain Commentary: How Blockchain Brings New Efficiencies

    The logistics sector faces immense pressure—to be better, faster, and less expensive. A significant amount of pressure has been applied to nearly all industries by disruptive conglomerate Amazon, which has single-handedly changed expectations of consumers everywhere.

  • Cooperation one of the challenges for Slync and the transparency chain

    FreightWaves recently covered the E. Coli outbreak and how the recall issue is causing the world to rethink “farm to table” and shedding light on the supply chain. From that outbreak alone, over 100 people fell ill due to a contamination that federal agencies couldn’t pinpoint. As traceability becomes more imperative, blockchain has emerged as a potential solution. The problem with equipping an entire industry, however, is a major stumbling block toward making the real kind of change needed.

  • Blockchain is a gold mine for luxury metals

    IBM launches a blockchain network to track gold and diamonds across the supply chain.

  • Samuel Israel Joins Blockchain Logistics and Shipping Platform Slync

    Slync, an enterprise blockchain platform for the shipping, logistics and supply chain industries, has appointed Samuel Israel to its advisory board. As a regional CEO, Israel led DHL Global Forwarding for more than 10 years, where he built a multibillion-dollar logistics organization in Latin America.

  • From hype to reality: Turning talk on blockchain into implementation

    Blockchain has been touted as one of the most revolutionary pieces of technology since the invention of the internet. While hype continues to pick up speed, the most innovative organisations have moved beyond talk and are actively deploying pilots leveraging the technology into supply chain and logistics networks.

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