Latest news with #SCIP
Business Wire
15-05-2025
- Business
- Business Wire
SCIP Debuts to Fix the Foundation of Global Supply Chains, Launching With $1M in Annual Recurring Revenue and Zero Fat
SAN FRANCISCO--(BUSINESS WIRE)--Today marks the public launch of SCIP (Supply Chain Intelligence Platform), an enterprise SaaS startup helping companies move from reactive scrambling to proactive, data-driven supply chain decisions. Without raising large rounds or scaling up a massive team, SCIP reached more than $1 million in annual recurring revenue with just its founding team—proof that its value proposition is resonating across the electronics, medical device and contract manufacturing sectors. Founded by supply chain veteran and technologist Andy Kohm, SCIP was co-founded by Dave Blado, a former engineering leader at Red Hat and eBay, and Jay Bartels, who previously helped scale early SaaS supply chain platforms at Commerce One and Webify. The platform is designed for one purpose: to fix the fragmented, inconsistent, and unreliable data that keeps supply chain teams from acting quickly and confidently. In a world shaped by tariffs, compliance pressure, and supply shocks, data integrity isn't a luxury—it's a prerequisite. A Platform Built for Today's Uncertainty 2025 has brought renewed urgency to supply chain modernization. With tariffs on imports and global compliance requirements growing more stringent, legacy tools—or worse, spreadsheets—aren't cutting it. In addition to increasing complexity, data is most often scattered, unverified, and disconnected. SCIP delivers a centralized, AI-powered intelligence layer that unifies data from internal systems, third-party providers, and SCIP's proprietary part and vendor datasets. The result is a single source of truth—enriched, validated, and immediately actionable. 'We didn't build SCIP to give people another dashboard,' said Andy Kohm, chief executive officer and founder. 'We built it to maximize the value of a customer's data. SCIP helps you go from chaos to clarity and from reaction to prevention.' Why Customers Choose SCIP Early adopter Lumentum, a global leader in optical and photonic products, is already leveraging SCIP to tackle part-level risk, automate compliance, and improve sourcing agility—all without overhauling existing systems. Lumentum uses SCIP to unify data across sourcing and engineering, gain visibility into part-level lifecycle risk, and automate compliance with country-of-origin and vendor policies. 'Before SCIP, managing the consistency and integrity of our parts and vendor data was a constant challenge,' said a Lumentum supply chain executive. 'Now, we have unparalleled accuracy and reliability in our data, which has fundamentally improved our operational decision-making.' Key Features: AI-powered data cleanup and augmentation across part attributes, lifecycle status, compliance flags, country of origin, lead times, and pricing—creating the clean, structured foundation needed for effective AI and automation. Workflow automation and real-time alerts to reduce manual effort, surface risk, and drive speed Prescriptive visualizations that highlight critical paths, sourcing alternatives, supply chain optimization opportunities, and profit optimization scenarios Complete country-of-origin intelligence at the part, vendor, and bill of materials (BOM) level for regulatory compliance and tariff mitigation Unlimited seat access so cross-functional teams—from engineering to operations to sourcing—can collaborate in one system A standout feature is SCIP's ability to highlight the critical path within a BOM and show what parts are most likely to delay production. If a China-origin part is at risk, SCIP suggests alternatives, fetches pricing from verified distributors, and enables instant quote requests, without modifying the full BOM or triggering engineering rework. Seed Funding (Without the Headlines) While most startups shout about fundraising, SCIP prefers to let product and customer traction speak for itself. The company quietly raised a seed round led by Inspiration Ventures and CARAT Venture Partners, two early-stage firms with a track record of backing category-defining infrastructure plays. 'The future of supply chains will be built on real-time intelligence, not reaction. Companies that fail to fix their data foundations today will struggle to compete tomorrow. SCIP gives teams the tools they need now to operate faster, smarter, and more resiliently in a world where speed and precision are everything,' said Lars Uffhausen, Managing General Partner at CARAT. 'At CARAT, we see SCIP as a critical enabler for the next generation of global leaders—and we're proud to back their vision.' What's Next for SCIP SCIP is onboarding a growing list of customers across electronics, contract manufacturing, and medtech. With ROI benchmarks showing a 30x return, 75% increase in data integrity, and 80% lower software seat costs, the platform is already making a bottom-line impact. To learn more, visit or request a demo at contact@ About SCIP SCIP (Supply Chain Intelligence Platform) helps companies make smarter, faster supply chain decisions by turning fragmented and unreliable data into a centralized source of truth. The platform uses proprietary AI agents to consolidate, clean, and enrich supply chain data from across systems, delivering real-time insights, automated workflows, and prescriptive analytics. Founded by a team of supply chain and enterprise software veterans, SCIP is built to scale with the complexity of global operations—and to help teams move from reaction to prevention. To learn more,
The Star
12-05-2025
- Business
- The Star
Sunway optimistic of growth on solid economy
PETALING JAYA: Sunway Bhd expects the favourable macroeconomic factors will continue to support its business growth this year. President Tan Sri Chew Chee Kin noted that the global economy is navigating an increasingly challenging and complex macroeconomic landscape. 'The year ahead may face headwinds surrounding tariffs and policy uncertainties, posing adverse risks to global economic growth, rising inflationary pressure and a retreat in major investment decisions,' he said in the company's annual report. Chew believes that Malaysia's economy is expected to be sustained in 2025, anchored by domestic demand, employment and wage growth and continued expansion in infrastructure and digital infrastructure investments amidst the global technology upcycle. 'As Malaysia assumed the Asean chair in 2025, efforts to strengthen the Asean economic bloc could fortify Malaysia's economic resilience.' He said Malaysia's real estate market is anticipated to remain resilient in 2025, anchored by spillover from the national master plans and catalytic initiatives in the southern region. 'The property development segment strategically planned its property launches and landbanking efforts in key growth areas in Malaysia while continuing to explore regional opportunities. 'This year, the property development division sets a property launch target of RM4.1bil across Malaysia, Singapore and China, and property sales target increased to RM3.6bil (2024: RM3bil). 'In accelerating development in the southern region, Sunway City Iskandar Puteri (SCIP) continues its focus on creating a self-sustaining township, capitalising on Sunway's strong track record in replicating its build-own-operate model. 'The focus is on fostering vibrant economic activities and job creation to ensure the township's success.' In 2025, Chew said the group plans to launch RM1.3bil worth of properties in SCIP and Johor Baru. Separately, he said the demand for the healthcare sector is expected to rise in the medium to long term, as the nation transitions towards an ageing population and increasing need for superior quality healthcare services. 'The healthcare division's strategic priorities in the financial year 2025 and beyond are expanding its network of hospitals and capacity, ensuring clinical excellence, accelerating digital innovation and growing medical tourism. 'Expansion efforts will continue to focus on both greenfield and brownfield expansion. 'This includes the opening of Sunway Medical Centre Ipoh in April 2025 and progressively increasing the number of licensed beds at Sunway Medical Centre Sunway City, Sunway Medical Centre Penang and Sunway Medical Centre Velocity.' He also said preparation for the initial public offering of Sunway Healthcare Group is underway, underscoring the management's confidence in its robust growth trajectory. Additionally, Chew said the prospects for Malaysia's construction sector are anchored by sustained public and private sector investments, as well as foreign direct investment. 'The construction division is well-positioned to capitalise on these opportunities given its strong execution and delivery excellence track record. 'The division's strategic focus in the advanced technology facilities sphere is well-positioned to capitalise on the opportunities in data centre development, reinforced by Malaysia's aspiration to become a key regional data centre hub.'
Yahoo
07-05-2025
- Business
- Yahoo
Ohio voters approve Issue 2, allowing state to borrow $2.5B for infrastructure
May 6—Ohio voters approved a state constitutional amendment Tuesday to allow the state to issue up to $2.5 billion in bonds for infrastructure improvements. The Associated Press declared Issue 2 victorious before 9 p.m. Tuesday. As of 8:48 p.m. the measure was passing with 67.5% of the vote and over 30% of statewide precincts reporting, according to the Ohio Secretary of State's office. "Ohioans understand that our local roads and bridges and other basic infrastructure need ongoing improvement," said Sam Rossi, spokesman for pro-Issue 2 campaign the Strong Ohio Communities Coalition. "Our campaign was bolstered by strong bipartisan support from Ohio's elected lawmakers and a broad nonpartisan coalition that included leaders on behalf of business, labor, agriculture, transportation, public safety and local governments. There was no formal opposition to Issue 2. Issue 2 is a request from the state in the form of a constitutional amendment to issue up to $2.5 billion in bonds to help pay for local infrastructure projects over the next decade. Approval on May 6 would amend the Ohio Constitution, as the state generally needs constitutional approval in order to go into large amounts of debt. The bonds, if approved by a simple majority of voters, would go toward the State Capital Improvement Program and could only be used on roads, bridges, water treatment and supply systems and solid waste disposal facilities, according to the legislature's nonpartisan analysis. The state first issued a lump sum of general obligation bonds to fund SCIP in 1987. The approach has been approved by voters thrice since. The pending approval would be the biggest in state history, which lawmakers said was necessary due to inflation driving up the cost of projects. According to Ohio Public Works Commission Director Linda Bailiff, this bond approach has proven to be a successful, responsive way for local governments to make headway on infrastructure projects. "About 18,860 projects have been funded since the program's inception," Bailiff told lawmakers late last year. "Depending on the year, for every $1 of program funds another $2 to $3 is leveraged in other local, state, and federal sources." The state government has gone back to voters three times for permission to issue more general obligation bonds, most recently in 2014, says information from the League of Women Voters of Greater Cleveland. Supporters say the state capital improvements program does not increase taxes, generally has bipartisan approval and reduces pressure on local jurisdictions to raise taxes for infrastructure improvements. The AP says that under the measure, up to $250 million of the total general obligation bonds authorized can be issued each year over 10 years, creating an estimated 35,000 construction jobs.
Yahoo
07-05-2025
- Politics
- Yahoo
13% of registered voters turn out for uneventful May 6 election in Tuscarawas County
NEW PHILADELPHIA ‒ The May 6 special election in Tuscarawas County was relatively uneventful and went off without any problems. Brian Schwartzwelder "It went great. It went off without a hitch. Things were smooth. Some places were busier than others," said elections Director Brian Swartzwelder. This was his first election as director of the Tuscarawas County Board of Elections. More on board of elections: Gail Garbrandt out as county elections director; Brian Swartzwelder named to position New Philadelphia had a decent turnout because of a bond issue to build new schools in the city, he said. At other polling places around the county, "it was kind of quiet." At some polling places, the only issue on the ballot was State Issue 2, which will renew the State Capital Improvement Program (SCIP) for road and bridge repairs. There were no contested primaries. Overall, there were no problems with the election. "That's what we like," Swartzwelder said. According to unofficial results, 7,797 residents cast ballots on May 6, or 13.22% of registered voters in Tuscarawas County. Issues on the ballot ● Bolivar ‒ 1.5-mill renewal for police protection passes 67 to 20. ● Dover Township (including Parral) ‒ 1.5-mill additional for fire protection and emergency medical services failed 180 to 198. ● Dover Township Precinct 40 (local option) ‒ Sunset Meadows doing business as Bella Vista, on and off premises sale of alcohol and Sunday sales of wine, mixed beverages and spirituous liquors, passes 86 to 32. ● Gnadenhutten Library ‒ 1 mill renewal for current expenses passes 154 to 28. ● Lawrence Township ‒ 3-mill renewal for fire and EMS passes 258 to 126. ● Mineral City ‒ 0.75% increase in the village income tax failed 17 to 45. ● Sugar Creek Township (excluding village of Sugarcreek) ‒ 1.8-mill replacement for fire and EMS failed 18 to 10. ● Uhrichsville ‒ 2-mill renewal for fire protection; 2.85-mill renewal for ambulance and EMS service passes 140 to 42. ● Union Cemetery (Uhrichsville, Dennison and Mill Township) ‒ 0.48-mill renewal for operating expenses passes 249 to 60. ● Warwick Township (including village of Tuscarawas) ‒ 1.5-mill replacement for ambulance and emergency medical services passes 68 to 42. Reach Jon at 330-364-8415 or at This article originally appeared on The Times-Reporter: May 6 special election goes off without a hitch in Tuscarawas County
Yahoo
05-05-2025
- Politics
- Yahoo
Election Day is this week. Here's what Issue 2 on Ohio's ballot means.
Construction work. (Photo by.) Ohio voters will decide whether to renew a program that helps local governments support public infrastructure projects Tuesday on the May primary ballot. Early voting is already underway. Depending on where you live, you may have city council seats, judges or a school levy. But every ballot across the state will have Issue 2. It is a constitutional amendment meant to support local infrastructure projects, which many voters have said they want to see started expeditiously, since Ohio roads are no joke. 'You got to keep swerving around all these potholes, the second you take your eye off the road, you're setting yourself up for danger,' Akron resident Eric Makowski said. Issue 2, on the ballot on May 6, is meant to fix the problem and make the roads safer. Every 10 years, voters choose whether or not to renew the state's ability to issue billions in bonds for the State Capital Improvement Program (SCIP) and the Local Transportation Improvement Program (LTIP). 'We have lots of discussions about what we should spend money on, obviously, but almost all Ohioans agree on roads and bridges and infrastructure,' Huffman added. This year, Issue 2 is the bond package paying for local infrastructure, roads, bridges and other things. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX The amount would be $2.5 billion. This resolution will increase the annual amount for the program from $200 million to $250 million per year. This will be paid for through state general obligation debt. These grants cover roads, bridges, water supply, wastewater treatment, stormwater collection and solid waste disposal. These bonds must be used for these projects. Read the full ballot amendment here. State Sen. Kent Smith (D-Euclid) explained that this money can only be used for general government infrastructure. The money would not be able to be used for other types of projects, like for entertainment. 'The Browns issue has percolated at the same time this issue has come up,' Smith said. 'The two issues are not related whatsoever, but there is some confusion because of that.' To be very clear — this bond issue is unrelated to the Cleveland Browns' request for $600 million in bonds. This money would not be able to go to them. Issue 2 has wide bipartisan support, from the Ohio Chamber of Commerce to each trade union. There seems to be no official, active campaign against it, but a couple of lawmakers are against it. In a post on X, formerly known as Twitter, state Rep. Jennifer Gross (R-West Chester) argued that Issue 2 isn't helpful when Ohioans are already struggling with inflation. 'I encourage you to consider voting no on Issue 2… Did the state deliver income tax reform? Have we delivered property tax reform? Do we need more of your money? Vote accordingly,' she wrote. Tim, a Cuyahoga County voter, saw and was convinced by Gross's tweets, saying he didn't think the state or cities deserved more. 'My taxes just go up every year and I think, 'You know what, we can allocate some of that money towards the infrastructure we need,'' he said. Huffman said that Ohioans should have safe roads – ones where you don't need to swerve to avoid craters. 'Even if you're not driving a car, you benefit from safety services who use the roads; you benefit from things that are delivered to your house,' the speaker said. In short — voting yes would renew the public works project. Voting no would stop the program. Election Day is May 6. Polls are open from 6:30 a.m. to 7:30 p.m. If not returned by mail, absentee ballots must be received by your board of elections by 7:30 p.m. If you do not know your county's website, click or tap here. This contains their addresses, emails and phone numbers. Click here to check your registration status. May 5: Mailed absentee ballots must be postmarked by this date. May 6: Primary/Special Election: Polls are open from 6:30 a.m. – 7:30 p.m. May 6: Absentee Ballots may be returned by mail or personally delivered to your county board of elections. If not returned by mail, absentee ballots must be received by your board of elections by 7:30 p.m. May 10: Last day for boards of elections to receive non-UOCAVA absentee ballots (returned by U.S. mail) that have been postmarked on or before May 5. UOCAVA absentee ballots must be received (by mail) by boards of elections by this date to be counted. Click here to find your polling location for May 6. You need to bring a photo ID when voting in person. Acceptable forms are a valid Ohio driver's license, a U.S. passport or a military ID. You may no longer use bank statements or utility bills. Other acceptable forms of ID are a state of Ohio ID card, an interim ID form issued by the Ohio BMV, a U.S. passport card, an Ohio National Guard ID card and a U.S. Department of Veterans Affairs ID card. Other unacceptable forms of ID are a driver's license or photo identification card issued by a state other than Ohio; a Social Security card, birth certificate, insurance card, government check, paycheck, or other government document; or any registration acknowledgment notice from the county board of elections. The IDs must have an expiration date that has not passed, a photograph of the voter, and the voter's name, which must substantially conform to the voter's name as it appears in the Poll List or in the Poll Book. If you do not have any of the approved forms of identification, you are allowed to cast a provisional ballot. To have your vote counted, you must return to the BOE within four days of the election to provide a photo ID. If you have any questions or concerns about voting, a nonpartisan helpline has been created. Call or text 1-866-OUR-VOTE (866-687-8683) to speak with a trained Election Protection volunteer in English. The hotline also comes in different languages Spanish: 888-VE-Y-VOTA (888-839-8682) Asian languages: 888-API-VOTE (888-274-8683) Arabic: 844-YALLA-US (844-925-5287) Follow WEWS statehouse reporter Morgan Trau on Twitter and Facebook. SUPPORT: YOU MAKE OUR WORK POSSIBLE
