Skip to content
Search AI Powered

Latest Stories

newsworthy

Honeywell names SpaceX and Amazon veteran as chief supply chain officer

Torsten Pilz will be assigned to manage procurement, plant efficiency, working capital, and quality enhancement, company says.

Torsten PilzHoneywell International Inc. said today it has named a veteran of Space Exploration Technologies Corp. (SpaceX) and Amazon.com Inc. as its chief supply chain officer, continuing the company's expansion from industrial giant to logistics technology and service provider.


Morris Plains, N.J.-based Honeywell named Torsten Pilz to the newly created position, which includes responsibilities for the integrated supply chain, including procurement, as well as improving plant efficiency, working capital, and quality enhancement for customers, the company said.

Pilz comes to Honeywell with two decades of operations and supply chain experience, including stints as vice president of supply chain for SpaceX and vice president of worldwide operations for Amazon. As a senior vice president and chief supply chain officer at Honeywell, he will report to the company's chairman and CEO, Darius Adamczyk.

"The integrated supply chain is a critical enabling factor for Honeywell's continued growth," Adamczyk said in a statement. "[Pilz] is the right person to help Honeywell continue our transformation into a premier software-industrial company by simplifying our manufacturing footprint and enhancing our ability to execute with speed and precision across our operations."

The move is Honeywell's latest effort to grow its footprint in the logistics industry, after acquiring material handling automation provider Intelligrated Systems Inc. in 2016 for $1.5 billion. Since then, Honeywell has added to its menu of products for retail and supply chain operations by rolling out products such as rugged handheld computers, a shipment tracking solution for high-value and perishable goods, a package-dimensioning scanner, a voice-directed mobile headset device, and smartphone software for electronic logging devices (ELDs).

The Latest

More Stories

legal scales and gavel

FMCSA rule would require greater broker transparency

A move by federal regulators to reinforce requirements for broker transparency in freight transactions is stirring debate among transportation groups, after the Federal Motor Carrier Safety Administration (FMCSA) published a “notice of proposed rulemaking” this week.

According to FMCSA, its draft rule would strive to make broker transparency more common, requiring greater sharing of the material information necessary for transportation industry parties to make informed business decisions and to support the efficient resolution of disputes.

Keep ReadingShow less

Featured

pickle robot unloading truck

Pickle Robot lands $50 million in VC for truck-unloading robots

The truck unloading automation provider Pickle Robot Co. today said it has raised $50 million in venture capital and will use the money to accelerate the development of new feature sets and build out the company’s commercial teams to unlock new markets and geographies.

The “series B” funding round was financed by an unnamed “strategic customer” as well as Teradyne Robotics Ventures, Toyota Ventures, Ranpak, Third Kind Venture Capital, One Madison Group, Hyperplane, Catapult Ventures, and others.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less
chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less
person using AI at a laptop

Gartner: GenAI set to impact procurement processes

Progress in generative AI (GenAI) is poised to impact business procurement processes through advancements in three areas—agentic reasoning, multimodality, and AI agents—according to Gartner Inc.

Those functions will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs). And 72% of procurement leaders are already prioritizing the integration of GenAI into their strategies, thus highlighting the recognition of its potential to drive significant improvements in efficiency and effectiveness, Gartner found in a survey conducted in July, 2024, with 258 global respondents.

Keep ReadingShow less