Friday, January 27, 2023

Surging fuel costs and inflation are the top operational obstacles for fleets

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Verizon Business released survey findings from its annual Fleet Technology Trends Report, conducted separately by Bobit (the United States) and ABI Research (EMEA and Asia Pacific). With responses from more than 2,300 fleet managers, executives and other mobile business professionals across 14 countries, the research data emphasizes that technology adoption is helping fleets navigate operational obstacles to drive results and build resilience.

Inaugural Future Technology Program to address supply chain problems

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KPMG Australia and Stone & Chalk Group announced the first Future Technology Program cohort, which aims to supercharge the growth of homegrown Australian startups building supply chain solutions. Recipients will receive a personalised support program to help their businesses rapidly grow and scale. In Australia, 75% of businesses experienced significant supply chain disruptions over the past year, according to internal KPMG research.

WEX launches Driver App in Australia to help SMBs save money on fuel

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WEX, the commerce platform that simplifies the business of running a business, announced the launch of the WEX Motorpass Driver App in Australia to help small to medium sized businesses tackle rising fuel prices and save money on the operation of their fleet vehicles. The WEX Motorpass Driver App allows fleet drivers and employees in sectors including; construction, retail, manufacturing, and transport to find the best fuel prices closest to them - in real-time and at the touch of a button. The app can be downloaded on iOS and Android.

AD Ports Group acquires Noatum to become a global logistics platform

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AD Ports Group announced that it has acquired Noatum, an integrated logistics platform with a presence in 26 countries and LTM revenue and EBITDA of AED 6.91bn (EUR 1.80bn) and AED 555m (EUR 145m), respectively. The total purchase consideration (Enterprise Value) for 100% ownership amounts to AED 2.5bn (EUR 660m), implying an LTM EV/EBITDA of 4.6x.

Stonepeak and Spirit Super sign deal to acquire Victoria’s GeelongPort

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Stonepeak, an alternative investment firm specializing in infrastructure and real assets, and Spirit Super, an Australian industry super fund, announced the signing of a definitive agreement to acquire 100% of Australia’s GeelongPort Pty Limited (GeelongPort). GeelongPort is Victoria’s second largest port located about 75km southwest of Melbourne in Victoria’s largest regional city, Geelong. Stonepeak, on behalf of its managed funds and accounts, will hold a 70% interest in the entity and Spirit Super will have a 30% stake.

B dynamic Logistics wins prestigious ASCLA Industry Excellence Award

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B dynamic Logistics has won the award for Industry Excellence at this year’s Australian Supply Chain and Logistics Awards. The firm also received an award of High Commendation for Supply Chain Management. The Australian Supply Chain and Logistics Awards are the industry’s oldest and most prestigious awards, celebrating 60 years of operation this year.

Leading tofu producer Pulmuone deploys Aera’s Decision Intelligence

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Aera Technology, the Decision Intelligence company, has partnered with Pulmuone Co. Ltd. — South Korea’s fresh food company — to enable Decision Intelligence across its supply chain. Using the Aera Decision Cloud™, a purpose-built platform that digitizes, augments, and automates business decisions, Pulmuone will speed and scale decision making to effectively support its worldwide growth and drive business and environmental outcomes.

Australian logistics startup Ofload secures AU$60 million in Series B

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Ofload, one of the fastest-growing start-ups in the Australian logistics industry, announced it has secured AU$60 million in Series B funding, including debt and equity components, to accelerate its push for sustainable supply chains. The round was led by Jungle Ventures, Singapore’s largest independent venture capital firm, and featured increased backing from existing investors King River Capital, Bay Grove, Maersk Growth and Foundamental.

B dynamic Logistics appoints Simi Taumalolo as Chief Operating Officer

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Australian ecommerce enabler and third-party logistics provider, B dynamic Logistics, has appointed Simi Taumalolo as Chief Operating Officer. B dynamic Logistics is part of the B dynamic Group of companies which provides a broad range of services including ecommerce enablement, third-party logistics, warehousing and branded and  sustainable packaging.

Holiday trolley-dash: How to pick a third-party logistics service provider

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The surge in online shopping is prompting many businesses to outsource their picking, packing and shipping activities in order to save money, achieve operational efficiencies and improve the customer experience. Businesses need to take care when choosing the right partner as fit, flexibility and capability are the most crucial aspects of any logistics service.