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The ability to track inbound, outbound and all other warehouse-related activities with accuracy is a primary goal for Crescent Cold Storage. To be able to locate inventory and manage customer orders with precision was what prompted Crescent Cold Storage to seek out a better software solution. After extensive research it was clear that a customizable cloud-based ERP system was needed.
Transplace, a leading provider of transportation management services and logistics technology solutions, has acquired Lanehub, a cloud-based platform and community that encourages shipper-carrier collaboration by automatically identifying and connecting companies with complementary freight lanes to save on shipping expenses.
Bushel, a Fargo, N.D.-based provider of software technology solutions for growers, grain buyers, protein producers and food companies, announced the closing of its $19.5 million Series B investment led by Continental Grain Co., New York.
Transmetrics, Bulgaria, receive a €1.67 million grant by the European Commission in the European Innovation Council Accelerator program to support the development of Transmetrics' artificial intelligence (AI)-driven logistics optimization software.
Wefarm, UK, raised $13 million in a Series A financing round led by True Ventures, Palo Alto, Calif., to further scale its network of 1.9 million farmers.
Honeywell Robotics will help shape the warehouse and distribution center of the future, particularly as companies look to automated solutions, software and robotics.
Honeywell, Charlotte, N.C., created Honeywell Robotics, an advanced technology center of excellence focused on innovating and developing artificial intelligence (AI), machine learning, computer vision and advanced robotics for use across supply chains.
The study projects that the industry likely won’t experience dramatic job loss over the next decade, though many workers may see the content and quality of their jobs shift as technologies are adopted for particular tasks.
The UC Berkeley Center for Labor Research and Education, Berkeley, Calif., released a study that details how the adoption of new technology can (and will) transform the way warehouses operate over the next 5-10 years.
Flowhub, Denver, Colo., raised a $23 million Series A financing round led by e.ventures, San Francisco; Evolv Ventures, Kraft Heinz’ Chicago-based venture fund; and Poseidon Asset Management, LLC, San Francisco, with contributions from 9Yards Capital, San Francisco; former NBA commissioner David Stern and Iqram Magdon-Ismail, co-founder and former CEO of Venmo, New York, among others.