Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

newsworthy

Invent Analytics claims RILA Startup Innovation Award

Retail Industry Leaders Association recognizes inventory and pricing technology for its potential to improve retail supply chain.

DC Velocity Staff
By DC Velocity StaffFeb 25, 2020
DC Velocity Staff
See Full Bio

Invent Analytics, a data-driven pricing and inventory-planning solutions provider, received the Retail Industry Leaders Association (RILA) Startup Innovation Award on Tuesday at the association's LINK2020 supply chain conference.

According to founder and CEO Gurhan Kok, the solution uses artificial intelligence (AI) to help companies optimize their inventory and pricing levels. Instead of drawing from user-provided key performance indicators, the self-learning solution looks at profit margin and inventory carrying cost to decide where inventory should be located and at what level.

RILA received more than 50 nominations, which were then narrowed down by its Supply Chain Technology Advisory Council to three finalists: Invent Analytics, autonomous delivery-vehicle provider Gatik, and autonomous mobile robot provider Magazino. Each of the finalists presented their solutions on Monday to the attendees during a general session at LINK2020, and attendees voted on the winner.

In addition to the Startup Innovation Award, RILA hosted a "startup crawl," where attendees could in quick succession visit a number of kiosks in the event's exhibit hall representing new startup supply chain technology.

ArticleSC Services
invent analyticsmagazinoretail industry leaders associationgatik
ArticleSC Services
invent analyticsmagazinoretail industry leaders associationgatik

The Latest

Forklift made of grass
Featured

California forges ahead with zero-emission forklift rule

More Stories

Platform Science buys telematics business units from Trimble

Platform Science buys telematics business units from Trimble

The venture-backed fleet telematics technology provider Platform Science will acquire a suite of “global transportation telematics business units” from supply chain technology provider Trimble Inc., the firms said Sunday.

Trimble's other core transportation business units — Enterprise, Maps, Vusion and Transporeon — are not included in the proposed transaction and will remain part of Trimble's Transportation & Logistics segment, with a continued focus on priority growth areas following completion of the proposed transaction.

Keep ReadingShow less

Featured

seegrid CR1_Renders_1-2_11zon.png
Article

Seegrid lands $50 million backing for autonomous lift trucks

20240903stuck_in_neutral.jpg
Article

Stuck in neutral: Stubborn freight recession has truckers searching for an upshift

U.S. shoppers embrace second-hand shopping

U.S. shoppers embrace second-hand shopping

Nearly one-third of American consumers have increased their secondhand purchases in the past year, revealing a jump in “recommerce” according to a buyer survey from ShipStation, a provider of web-based shipping and order fulfillment solutions.

The number comes from a survey of 500 U.S. consumers showing that nearly one in four (23%) Americans lack confidence in making purchases over $200 in the next six months. Due to economic uncertainty, savvy shoppers are looking for ways to save money without sacrificing quality or style, the research found.

Keep ReadingShow less
photo-1556740772-1a741367b93e.jpeg

NRF: U.S. is on the cusp of nailing a “soft landing” in inflation fight

With the economy slowing but still growing, and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, according to the National Retail Federation (NRF).

“The U.S. economy is clearly not in a recession nor is it likely to head into a recession in the home stretch of 2024,” NRF Chief Economist Jack Kleinhenz said in a release. “Instead, it appears that the economy is on the cusp of nailing a long-awaited soft landing with a simultaneous cooling of growth and inflation.”

Keep ReadingShow less
xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
littler Screenshot 2024-09-04 at 2.59.02 PM.png

Congressional gridlock and election outcomes complicate search for labor

Worker shortages remain a persistent challenge for U.S. employers, even as labor force participation for prime-age workers continues to increase, according to an industry report from labor law firm Littler Mendelson P.C.

The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.

Keep ReadingShow less
Copyright ©2024.