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Four Key Priorities for the Transportation and Logistics Industry Detailed in Info-Tech Research Group’s Latest Blueprint

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Info-Tech Research Group’s new research provides critical strategies for IT leaders in the transportation and logistics industry to embrace Exponential IT, ensuring competitive advantage and industry resilience. As the industry navigates rapid technological advancements and increasing market demands, the firm advises that the need for an adaptive IT framework has never been more pressing.

TORONTO, July 26, 2024 /CNW/ – As the transportation and logistics industry faces rapid technological advancements and increasing market demands, organizations are compelled to evolve their IT frameworks to stay ahead. Faced with challenges such as heightened industry competition, customer demands for transparency, and stringent zero-carbon regulations, the industry’s need for an adaptive IT framework is more pressing than ever. Recognizing these challenges, Info-Tech Research Group has released its latest research findings, Priorities for Adopting an Exponential IT Mindset in the Transportation & Logistics Industry. The global research firm’s comprehensive blueprint offers IT leaders sector-specific strategic insights to adopt Exponential IT, driving innovation and optimizing operations.

According to the firm, Exponential IT refers to an IT strategy that leverages advanced technologies to create exponential growth and value. This approach focuses on scalability, flexibility, and rapid innovation to meet the ever-evolving demands of the industry. By adopting an Exponential IT mindset, organizations can stay competitive, enhance their operational efficiency, and deliver superior customer experiences.

“From digitizing service models to computerizing operations, information technology – including the new influx of artificial intelligence processing – has drastically changed organizations. Thanks to this rapid pace of technological change, opportunities are multiplying at an exponential rate,” says Kevin Tucker, advisory practice lead at Info-Tech Research Group. “To make the most of these opportunities, IT executives will need to transform into business leaders who can unlock advanced value and insights for their company while reducing risk by implementing an IT transformation.”

Info-Tech highlights the urgent need for IT leaders in the transportation and logistics sector to embrace Exponential IT. By focusing on core foundational capabilities, organizations can navigate industry complexities, mitigate risks, and harness emerging opportunities.

“The transportation industry must address potential industry disruptions, and organizations need to grasp the main priorities of IT transformation to stay competitive in today’s challenging environment,” explains Tucker. “Recognizing and integrating core foundational capabilities are considered crucial initial steps in starting a successful Exponential IT transformation, resulting in generating value in the industry.”

The research details critical challenges that the transportation and logistics sector must overcome to thrive in a rapidly evolving environment. These include the need to address real-time data demands for dynamic market shifts, manage rising operational costs due to stringent environmental regulations, and attract and retain skilled talent in a highly competitive market.

The firm advises that organizations must invest in robust cybersecurity measures to protect against increasingly sophisticated threats and ensure the integrity of their operations. By strategically aligning IT initiatives with organizational goals and fostering a culture of adaptability and innovation, transportation and logistics companies can effectively address these challenges, leading to enhanced efficiency and sustainable growth.

In the resource, Info-Tech outlines four key priorities for IT leaders in the transportation and logistics industry to consider when adopting an Exponential IT mindset. Those priorities are outlined below:

Architect Business Capabilities: To thrive in an Exponential IT environment, organizations must design and implement business capabilities that are flexible and scalable. This process involves creating a robust architecture that supports rapid innovation and can adapt to changing market conditions. By architecting business capabilities, IT leaders can ensure their organizations are equipped to deliver enhanced value, improve operational efficiency, and sustain competitive advantage.Team Up DataOps with ModelOps: Integrating DataOps with ModelOps is essential for optimizing data management and analytics processes. This collaboration ensures that data is clean, accessible, and effectively used across the organization while models are continuously monitored, refined, and deployed at scale. By teaming up DataOps with ModelOps, IT leaders can facilitate real-time data-driven decision-making, reduce operational costs, and enhance the overall effectiveness of their data initiatives.Treat Data as a Product: Managing data as a product means treating it with the same rigor and strategic importance as any other business asset. This approach involves establishing data governance practices, ensuring data quality, and leveraging data to create actionable insights. By treating data as a product, organizations can drive innovation, improve customer experiences, and unlock new revenue streams.Let AI Take Over Core Operations: Embracing AI to automate core operations can significantly enhance efficiency and productivity. AI-driven automation allows organizations to streamline repetitive tasks, optimize resource allocation, and generate real-time insights for better decision-making. By letting AI take over core operations, IT leaders can focus on strategic initiatives, reduce operational risks, and ensure their organizations remain competitive in a rapidly evolving market.

Info-Tech’s research findings underscore the transformative potential of Exponential IT for the transportation and logistics industry. The firm recommends that by prioritizing the key areas of architecting business capabilities, integrating DataOps with ModelOps, treating data as a product, and leveraging AI for core operations, IT leaders can drive substantial improvements in efficiency, innovation, and competitive positioning.

As the industry continues to navigate rapid technological changes and evolving market demands, adopting an Exponential IT mindset will be crucial for sustaining growth and resilience. Info-Tech’s comprehensive blueprint provides the strategic insights and practical guidance necessary for organizations to embark on this transformative journey, ensuring they are well-equipped to meet future challenges and seize emerging opportunities.

For exclusive and timely commentary on this topic from Info-Tech’s analysts, including Kevin Tucker, a transportation, logistics, and supply chain expert, as well as access to the complete Priorities for Adopting an Exponential IT Mindset in the Transportation & Logistics Industry blueprint, please contact pr@infotech.com.

Info-Tech LIVE 2024 Conference

Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier IT industry event will also offer journalists, podcasters, and media influencers access to exclusive content, the latest technology research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to attend the event or to gain access to research and expert insights on trending topics, please contact pr@infotech.com.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com. 

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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SOURCE Info-Tech Research Group

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Orderful Raises $15M Growth Round Led by NewRoad Capital Partners to Transform B2B Integration with Modern EDI Solutions

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November 15, 2024

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Orderful secures $15M to expand its modern EDI platform, enabling faster, smarter B2B integrations with AI and self-service solutions.

SAN FRANCISCO, Nov. 15, 2024 /PRNewswire-PRWeb/ — Orderful, a pioneering company revolutionizing business-to-business (B2B) integration with its industry-leading Electronic Data Interchange (EDI) platform, announced today that it has raised $15 million in a growth round led by NewRoad Capital Partners. The round also saw participation from new investors 9Yards, Flume Ventures, and NFI Ventures, alongside existing investors Andreessen Horowitz and GLP Partners.

“We like to invest in companies with strong domain expertise that are solving big legacy problems and delivering on what they promise to the market. Orderful exceeds expectations in all of these areas.” Gregoire Lehmann, Principal at NewRoad Capital Partners

Orderful is changing the status quo in the B2B integration space by offering a fast, modern EDI software-as-a-service platform that drastically simplifies the way businesses connect and exchange data. Orderful customers connect once to their API platform and can go live with new EDI connections in less than 2 weeks, which is 10x faster than competitors. This year, Orderful launched its Web EDI Fulfillment product, a solution for companies of all sizes to start trading EDI without speaking with a sales representative. Orderful is the first EDI company in the world to provide this product experience.

Orderful is also the first company to integrate artificial intelligence (AI) into its platform to manage and resolve EDI errors in real-time. The AI-based recommendation engine drastically reduces the time and effort required to go-live and manage trading partners. Hundreds of leading companies, including NFI, Koch Industries, Pepsi Logistics, G-III Apparel Group, Liquid Death, and Continental Mills, are leveraging Orderful’s platform to gain a competitive edge in their respective markets. With its latest funding, Orderful is poised to accelerate growth and further enhance its product offerings.

New Partnership and Strategic Insights

As part of the investment, Gregoire Lehmann, Principal at NewRoad Capital Partners, will join Orderful’s board of directors. Josh Jewett, Operating Partner at NewRoad and former Chief Information Officer (CIO) at Family Dollar and Dollar Tree, will join as a board observer. Their deep expertise in supply chain and retail technology will provide invaluable insights as Orderful continues to scale. “Orderful is fundamentally changing the way companies trade EDI. Their approach to simplifying EDI is a game changer. We like to invest in companies with strong domain expertise that are solving big legacy problems and delivering on what they promise to the market. Orderful exceeds expectations in all of these areas.” said Gregoire Lehmann, Principal at NewRoad Capital Partners.

“Having spent years in the retail industry, I understand the pain points of traditional EDI systems. Orderful’s innovative approach is precisely what the industry needs to move forward. The labor expense, delays, transaction fees, cumbersome interfaces, and poor error handling are all gone with their model. I’m excited to contribute to their journey,” added Josh Jewett, Operating Partner at NewRoad Capital Partners.

“NFI has always been at the forefront of innovation in logistics, and Orderful has been a critical partner in helping us streamline our EDI processes. Their platform has enabled us to be more agile and responsive, giving us a significant competitive advantage,” said Dave Broering, President of Integrated Logistics at NFI.

Looking Ahead

“We are thrilled to partner with NewRoad Capital Partners, whose industry expertise and extensive network will be invaluable as we continue to scale Orderful,” said Erik Kiser, CEO of Orderful. “The enthusiasm and support from our investors, both new and existing, are a testament to the impact Orderful is making in the B2B integration space. We are excited to continue growing at this pace and look forward to the opportunities ahead.” David Ulevitch, General Partner at Andreessen Horowitz, reflected on Orderful’s journey, “From the beginning, we saw the potential in Orderful’s vision to modernize EDI. Their progress has been incredible, and we’re excited to see how they will continue to innovate and lead in this space.”

Orderful is growing faster than any EDI company in its category, and this capital will enable the company to continue this momentum as it targets more enterprise customers in the retail and supply chain space.

With this new funding, Orderful plans to accelerate product development, expand its global reach, and continue to deliver cutting-edge solutions that empower businesses to thrive in an increasingly interconnected world.

About Orderful

Orderful is the modern EDI Platform revolutionizing how logistics providers, retailers, manufacturers, and technology companies manage their EDI trading partnerships and transactions in real-time. Its simplified integrations, pre-connected network, and user-friendly self-service approach minimize errors with customers onboarding new partners. Orderful has been recognized as a best-in-class EDI provider by industry leaders like G2 and SourceForge. To learn more, visit https://www.orderful.com/.

Media Contact

Gem Nwanne, Orderful, 1 855-965-1887, gem@orderful.com, https://www.orderful.com/

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/orderful-raises-15m-growth-round-led-by-newroad-capital-partners-to-transform-b2b-integration-with-modern-edi-solutions-302306730.html

SOURCE Orderful

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30 Years After the Passing of Daddy Bruce Randolph, His Legacy of Feeding Families on Thanksgiving Is in Jeopardy Due to Lack of Funding. Epworth Foundation Issues an Urgent Call for Donations

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November 15, 2024

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DENVER, Nov. 15, 2024 /PRNewswire/ — With just one week left before the annual Denver Feed-A-Family event in honor of Daddy Bruce Randolph, the Epworth Foundation faces a critical shortfall in funding. To meet its ambitious goal of providing 7,500 Thanksgiving meal baskets, the organization needs to raise $400,000 but is far short of its goal. This significant gap puts thousands of families at risk of going without a meal this holiday season.

This year’s theme, “One Community, One Family,” embodies the foundation’s mission to bring nourishment and unity to those most in need. However, with funding levels far below what’s necessary, the Epworth Foundation urgently appeals to the community for help.

“We are at a crossroads,” said Xiomara Yanique, Program Director at the Epworth Foundation. “Without immediate support, we risk leaving many families without a Thanksgiving meal this year. Every dollar counts, and time is running out.”

The average cost of a meal basket is $55, which includes everything needed for a family meal serving 4-5 people. With current funding, the organization will be able to serve fewer than 1,000 families. The Epworth Foundation calls on local businesses, philanthropists, and community members to step in and help bridge this critical gap. Donations of any size are urgently needed and can be made directly on the foundation’s website.

A Call for Unity from Denver’s Mayor

Denver’s Mayor, Mike Johnston, expressed his concern and support for the initiative: “The Denver Feed-A-Family event has been a vital source of hope and comfort for our city’s most vulnerable families. I urge everyone to contribute. Together, we can ensure no family goes without a meal this Thanksgiving.”

How You Can Help

Donate Today: Visit www.epworthfoundation.org to make a contribution. You can sponsor one or more meal baskets or give any amount to help cover the cost of these essential meal kits.

Participate in Giving Tuesday: Join our community effort to honor Daddy Bruce Randolph’s legacy by supporting the cost of meal baskets for families in need.

Volunteer: There are still opportunities to lend a hand on distribution day, November 23rd.

For more information or to donate, please visit www.epworthfoundation.org.

Contact for Media:
Jackie Perry
Email: socialmedia@epworthfoundation.org
Phone: 904.866.3828

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SOURCE The Epworth Foundation

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The Merriest Grinchmas Ever Awaits with Grinch Décor from Gemmy

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10 minutes ago

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November 15, 2024

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Grinch-Inspired Decorations from Airblown® Inflatables to Life-Size Animatronics

DALLAS, Nov. 15, 2024 /PRNewswire/ — Fans of How the Grinch Stole Christmas! will be delighted with a feast of Grinch decorations to choose from this season. Gemmy’s expansive collection, from amazing Airblown® Inflatables and yard décor to life-size animated characters, is sure to grow hearts three sizes.

Grinch fans will be delighted with Gemmy’s expansive collection of decorations to choose from.

Airblown® Inflatables

Set the scene for a Merry Grinchmas with the Grinch inflatable lineup. Big or small, hanging or arched, Gemmy has you covered:

Craft a custom scene with adorable 4-ft tall characters: Grinch in Ugly Red Sweater and Cindy-Lou Who with gift.Warm hearts and add fun to your display with 6-ft and 6.5-ft options: Max and Grinch with red heart scene and Hanging Grinch with wreath.Welcome guests with whimsical 9-ft and 10-ft styles, perfect for parties and photo ops: sneaky Tiptoeing Grinch with gift sack, Merry Grinchmas Archway, and Grinch and Max with Naughty or Nice Sign.

Musical and Animated Merriment

For a multisensory experience, Grinch enthusiasts will love animated decor that plays “You’re A Mean One, Mr. Grinch”:

Life-Size Animated: Equipped with sound and motion features, these realistic characters are available in two styles—the charming 4-ft Animated Little Grinch and the 6-ft Animated Grinch in a Santa suit.EmoteGlow™: Featuring animated faces that light up and sing, this amazing technology is available in the adorable 6.3-in Kawaii Grinch (in-store only) and the Grinch Musical Light String with eight bulbs.

Indoor/Outdoor Lighting and Decor

Lighting and decor options are fantastic on their own or layered into the mix:

The 4-ft tall 3D Grinch Tinsel Sculpture features the Grinch holding colorful stockings and shines with 35 LED lights.Light up interior or exterior surfaces and walkways with the colorful Whirl-A-Motion™ Grinch Projection and festive Grinch Pathway Stakes.Perfect for indoor locations, battery-operated blow molds are available in two styles: 14-in Grinch and 12-in Max (in-store only).

Find this Grinch collection in-store and online at The Home Depot.

About Gemmy Industries
Gemmy Industries is a leader in the seasonal décor market, bringing festive fun and holiday cheer to homes everywhere. Dedicated to innovation and creative design, Gemmy has elevated industry standards and established recognizable brands like Airblown® Inflatable and LightShow® Lighting. For more information on products and retailers, visit www.gemmy.com. Connect with us on Instagram and Facebook.

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SOURCE Gemmy Industries

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