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Avetta Launches Cyber Risk Solution to Give Companies 24/7 Visibility of Cybersecurity Risks
New Avetta One tool identifies potential cybersecurity vulnerabilities in supply chain and offers ongoing monitoring so suppliers can take actions to protect against cyberattacks
OREM, Utah and HOUSTON— Avetta®, the leading provider of supply chain risk management software, announced the launch of the Cyber Risk Solution, providing a quantitative score that evaluates cyber health in 10 areas and delivers an aggregate grade for each supplier. The Avetta One feature offers a diagnostic cyber health check that identifies potential risk areas for companies to investigate further.
The Problem
Supply chains are particularly vulnerable to cyberattacks, as suppliers, contractors and vendors tend to have less mature IT and security functions. Consider this:
• Almost half of small businesses have been victims of cyberattacks.
• Gartner predicts 45% of global organizations will be impacted by a supply chain cyberattack by 2025.
• A total of 108.9 million global accounts were breached in the third quarter of 2022, a 70% increase compared to the previous quarter.
• IBM found 75% of organizations have had a ransomware attack – 64% paid the ransom and 40% failed to recover their data.
U.S. disruptions in fuel supplies occurred when a hacker launched a cyberattack on Colonial Pipeline by stealing a single password. Cyberattacks can cause debilitating business disruptions involving stolen data, locked systems, interrupted operations, and other problems throughout a supply chain. These attacks are also incredibly high profile and can put a company’s reputation at risk.
The Solution
The Cyber Risk Solution is the latest component of Avetta One, a comprehensive supply chain risk monitoring platform. The new feature provides instant visibility into the cyber health of a company’s full supply chain, including continuous monitoring that alerts clients when the risk score falls outside of an acceptable range. Clients can use it as a diagnostic tool to gain insight into third-party cyber risks and inform sourcing decisions.
“Suppliers and contractors are often an overlooked cybersecurity risk, but supply chain cyberattacks are increasing and can have devastating consequences,” said Taylor Allis, Avetta Chief Product & Marketing Officer. “Avetta's Cyber Risk Solution transforms the supply chain risk management landscape by offering a comprehensive way for businesses to constantly monitor all third parties for safety, financial health, ESG and now cybersecurity.”
Avetta’s Cyber Risk Solution can identify potential risks that could lead to an attack, making it a critical part of understanding holistic supplier and contractor risk. For example, a supplier with an F rating is seven times more likely to be a victim of a cybersecurity breach than one with an A rating.
A procurement leader at a large transportation company said the Cyber Risk Solution’s reporting capabilities are “fantastic,” adding, “I can get a clear picture into the suppliers that have a cybersecurity risk and am able to drill down into specific issues easily.”
The feature can be used for companies of all sizes and industries, but it is particularly relevant to companies with large dependencies on supply chains for operations and delivery due to the magnitude of a potential business interruption from a cyber incident. Power generation and utility companies can be especially vulnerable because power outages or service interruptions can impact thousands or millions of consumers.
Avetta’s Cyber Risk Solution is powered by SecurityScorecard, the leading security ratings, response, and resilience company. The company provides actionable insights for over 12 million organizations so users can know who to trust, quickly respond to cyber risks, and strengthen cyber defenses. SecurityScorecard's patented rating technology is used by over 25,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight.
“While more organizations today are aware of the cyber risks they face, we find that many still neglect the massive cyber vulnerabilities in their extended supply chain. Organizations need visibility into the security ratings of their entire third- and fourth-party ecosystem so that they can know in an instant whether an organization deserves their trust and can take proactive steps to mitigate risk,” said Alex Rich, vice president, Strategic Alliances at SecurityScorecard. “With this partnership, Avetta is helping their clients get simple visibility into those third-party risks to protect their data and the smooth flow of operations.”
Clients can share suppliers’ Cyber Health Scores with any of their suppliers so they can understand their cyber gaps and enact mitigation and corrective action plans to reduce potential supply chain cyber threats. To learn more about Avetta, visit https://www.avetta.com/.
About Avetta
The Avetta supply chain risk management SaaS platform helps clients manage supply chain risk and their contractors to become more qualified for jobs. For hiring clients in our network, we offer the world’s largest supply chain multi-risk management network to manage contractor safety, sustainability, worker competency and performance, and business and financial risk. We perform contractor prequalification and worker competency management across major industries, all over the globe, including construction, energy, facilities, high tech, manufacturing, mining and telecom.
For contractors in our network, our audit and verification services help lower their safety incidents rate by 47%. As a result, nearly 50% of members find additional job opportunities within the first year of joining. In addition, our contractors receive privileged access to the Avetta Marketplace, where dozens of partners offer special discounts for business services like insurance and work gear. Avetta serves 500+ enterprise companies and 125,000+ contractors across 120+ countries.
Visit https://www.avetta.com/ for more information.
MOORESTOWN, NJ (December 18, 2024) OPEX® Corporation, a global leader in Next Generation Automation providing solutions for document, mail, and warehouse automation, has been selected as a finalist in the 2024 NED (New Equipment Digest) Innovation Awards, which celebrates innovations in industrial technology, tools, and equipment that empower businesses to work faster, better, and more cost-effectively.
Introduced in March 2024, Sure Sort X with Xtract is a fully adaptable, turnkey offering designed to automate multiple manual tasks with a simple, one-touch solution.
The technology handles nearly 100% of customer-sortable items weighing up to 20 pounds and sorts items into a configurable array of mixed bin sizes and types, all while maintaining a consistent throughput of up to 2,100 items per hour.
“We are excited to once again receive this recognition, which honors our warehouse automation solutions that clients around the globe count on, as well as our culture of innovation,” said Alex Stevens, President, OPEX Warehouse Automation. “Sure Sort has long been a preferred warehouse automation solution for distribution centers and third-party logistics companies. Sure Sort X paired with Xtract has been developed to meet the evolving demands of the marketplace to deliver one integrated solution that automates the sort and order takeaway process.”
When Sure Sort X is paired with Xtract, totes are retrieved and their contents are transferred into shipping containers automatically, eliminating the need to manually sort and transfer boxes downstream. Xtract iBOTs can handle up to 200 extracted totes per hour.
The system can accommodate multiple market vertical workflows and greatly reduce the need for human interface. Installation can occur in as little as one week and return on investment can be realized within just two years.
For nearly five decades, OPEX has served as a trusted partner, collaborating closely with clients to develop customized, scalable solutions that transform how they conduct business.
About OPEX
OPEX Corporation is a global leader in Next Generation Automation, providing innovative, unique solutions for warehouse, document and mail automation. With headquarters in Moorestown, NJ, USA—and facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia—OPEX has nearly 1,600 employees who are continuously reimagining and delivering customized, scalable technology solutions that solve the business challenges of today and in the future.
Richland Hills, Texas, September 12, 2024. AML, a U.S-based manufacturer of barcode data collection products, announces the launch of its latest Android® product, the StrikerX mobile computer.
“As more and more companies are moving away from legacy TELNET based applications, and towards APK and web-based applications, the power required to efficiently access and process graphical apps increases exponentially,” AML President Mike Kearby said. “StrikerX can handle the most demanding tasks with power to spare. Add in the fact that StrikerX is equipped with a Wi-Fi® 6E radio, and it becomes the clear choice for those looking for mobile computers they can keep deployed for years to come.”
StrikerX comes with a host of built-in software utilities for rapid deployment and maximum operator efficiency. The mobile device can be configured with an array of options including different barcode scanners, keypads, with or without a handle, and an optional camera. StrikerX can also be paired with a variety of charging accessories.
For more information on AML's new mobile computer, StrikerX, contact an AML representative at 800-648-4452 or visit our website at:
About AML. AML is a manufacturer of barcode-centric data collection products. For more than 40 years, AML has been providing American-Made data collection products to a variety of companies and industries, with an emphasis on value and performance.
For more information, contact Natalie Smith, Marketing Manager. nsmith@amltd.com
Hamilton Caster & Mfg. Co., a 117-year-old industry leader in heavy-duty industrial casters, proudly announces the enhancement of its legacy Super Endurance Caster (SEC) series, now rebranded as the Spinfinity® Super Endurance Caster (ZFSEC) series. In addition, Hamilton is introducing the all-new Spinfinity® Super Endurance Dual Caster (ZFSEC2) series, both of which feature a new heavy-duty 'V-Style' seal designed to elevate performance in the most demanding environments.
The Spinfinity® Super Endurance Caster (ZFSEC) series replaces Hamilton’s legacy SEC series, setting a new benchmark for kingpinless caster design in extra heavy-duty applications. Central to this upgrade is the heavy-duty 'V-Style' seal, which offers protection against dirt, debris, and moisture. This advanced sealing technology ensures consistent performance and extends the life of the caster, making it the ideal choice for environments where reliability is critical.
"With the introduction of the V-Style seal, the ZFSEC series is engineered to withstand the harshest conditions while providing zero-fix, 100% maintenance-free operation," said Mark Lippert, president of Hamilton Caster. "This enhancement allows our customers to minimize maintenance costs and downtime, further solidifying Hamilton’s reputation for durability and dependability."
The ZFSEC series retains the robust construction that Hamilton is known for, including a swivel top plate and inner raceway made from forged steel, providing superior strength for shock conditions. Sealed precision ball bearings are also now standard in all wheels, contributing to the maintenance-free performance of the series. Notably, the zerk fittings have been eliminated, as the new design makes them unnecessary.
Complementing the ZFSEC series, Hamilton introduces the all-new Spinfinity® Super Endurance Dual Wheel Caster (ZFSEC2) series. This dual wheel series is engineered for extra heavy-duty applications where stability, durability, and maintenance-free operation are paramount. Like its counterpart, the ZFSEC2 series leverages the new 'V-Style' seal, ensuring that each caster is fully protected against contaminants that could compromise performance.
Combined with sealed precision ball wheel bearings, this caster series ensures zero-fix, 100% maintenance-free performance. The dual-wheel configuration enhances stability and allows for a lower overall height, offering a perfect blend of strength and maneuverability.
Casters in both series are finished in a durable HAA polyester platinum powder coat and are available in a wide variety of wheel types, allowing for customization based on application needs. For complete wheel specs and product details check out the Spinfinity® Super Endurance Caster Landing Page and all-new Spinfinity® Super Endurance Dual Caster Landing Page.
ACTON, Massachusetts – September 3, 2024 – New Horizon Soft, LLC (https://www.newhorizon.ai), a global leader in AI-powered supply chain planning software, announced today the release of a new version of its Buyers Workbench procurement planning software. The latest version includes the ability to optimally schedule inbound deliveries, taking into account distribution center (DC) receiving capacity, thus minimizing receiving bottlenecks and lowering inbound logistics costs. A research paper describing the innovative methodology and its deployment at an iconic $10B+ U.S. quick-service restaurant chain was recently published in the peer-reviewed academic journal, the International Journal of Operations Research and Information Systems.
Supply chain organizations typically plan purchase orders without regard to DC receiving capacity. This leads to bottlenecks on some days and underutilized staff on others. New Horizon’s methodology, called Master Purchasing Receipt Scheduling (MPRS), uses a novel algorithm to automatically and optimally schedule deliveries. The algorithm plans deliveries at the time of purchase order creation and results in a steady volume of deliveries and lower planning and logistics costs. While first deployed at a restaurant chain, the methodology is applicable to any manufacturer, wholesaler, retailer, or foodservice company operating high-velocity DCs.
“With the increasing prevalence of high-velocity DCs, scheduling inbound deliveries can no longer be an afterthought,” said Chao-Ming Ying, Co-founder and CTO of New Horizon. “We developed the new MPRS functionality to address what had been a blind spot in many supply chains. Our customers are now taking advantage of this capability to streamline inbound logistics, increase receiving capacity utilization, and lower distribution costs.”
Supporting Resources
• Research article with case study published in the International Journal of Operations Research and Information Systems
• PDF version of article on New Horizon’s website
• New Horizon blog providing overview of restaurant chain deployment
• New Horizon Buyers Workbench web page
About New Horizon Soft, LLC
New Horizon’s supply chain planning software harnesses the power of artificial intelligence to enable manufacturers, wholesalers, and retailers to improve forecast accuracy and service levels while minimizing inventory and costs. We help planners make better decisions with cloud-based applications that are easier to use, easier to configure, easier to implement, and lower cost to operate. New Horizon is headquartered outside of Boston and has customers in North America, Europe, and Asia.
New Horizon — The AI Planning Suite™. Learn more at https://www.newhorizon.ai or follow us on LinkedIn.
Media Relations
Mike Liebson
New Horizon Soft, LLC
marketing@newhorizon.ai
+1 857-242-0783
Pennsylvania, United States – August 2024 – Thinkink Packaging, a leader in innovative packaging solutions, is excited to announce the launch of its new line of Custom Frozen Food Boxes. Designed to meet the growing demand for sustainable and durable packaging in the frozen food industry, these new boxes offer a perfect blend of functionality, quality, and eco-friendliness.
The frozen food market is rapidly expanding, with consumers increasingly seeking convenient, ready-to-eat meals that maintain freshness and quality. Thinkink Packaging’s Custom Frozen Food Boxes are specially engineered to meet these needs, offering superior insulation to preserve product integrity from production to the consumer's freezer.
Our boxes are designed with high-quality materials that provide excellent insulation, ensuring that frozen foods remain at the correct temperature throughout the supply chain. Committed to reducing environmental impact, our frozen food boxes are made from recyclable and biodegradable materials, aligning with the growing consumer demand for sustainable packaging solutions. Businesses can personalize their packaging to reflect their brand identity, with a range of sizes, styles, and printing options available. Built to withstand the rigors of transport and handling, our boxes provide robust protection against moisture, ensuring products arrive in perfect condition.
“The launch of our Custom Frozen Food Boxes is a significant step forward for Thinkink Packaging as we continue to expand our product offerings to meet the evolving needs of the market,” said Asim Munir, CEO of Thinkink Packaging. “We understand the importance of packaging in maintaining the quality and safety of frozen foods, and our new boxes are designed to provide optimal protection while also supporting sustainability goals.”
About Thinkink Packaging
Thinkink Packaging, based in Pennsylvania, is a premier provider of custom packaging solutions for a wide range of industries, including food, retail, and e-commerce. With a focus on innovation, quality, and sustainability, Thinkink Packaging has established itself as a trusted partner for businesses looking to enhance their packaging strategies.
For more information about Thinkink Packaging's Custom Frozen Food Boxes or to place an order, please contact us at +1-570-468-1167 or email support@thinkinkpackaging.com.
Thinkink Packaging – Your Partner in Packaging Innovation.