Latest news with #supplychain
Tahawul Tech
6 hours ago
- Business
- Tahawul Tech
JAGGAER announces the appointment of new CEO
JAGGAER, has announced the appointment of Andrew Roszko as the company's new Chief Executive Officer. Organizations stand at a pivotal moment as global supply chains grow increasingly complex and demand more resilient, intelligent, and agile solutions. Andrew's appointment comes at a time of immense opportunity to meet these challenges head-on. Andrew brings more than 25 years of executive leadership across the supply chain, SaaS, and enterprise technology sector. Most recently, he served as Chief Commercial Officer at Descartes Systems Group, where he played a pivotal role in transforming the company from a $40 million business into a global supply chain leader with over $700 million in revenue. Andrew is known for driving strategic growth, customer-first innovation, and high-performance cultures. His leadership style is grounded in clarity, collaboration, and execution—making him the right leader to guide JAGGAER into its next era of growth and impact. His vision and experience will build upon the company's strong foundation and guide JAGGAER into its next phase of growth and innovation. JAGGAER's roadmap of AI technological innovation will improve outcomes for its customers and promote growth for its people and company. A Message from Andrew Roszko 'I'm honored and energized to join JAGGAER. This is a company with a remarkable legacy, a bold mission, and—most importantly—an exceptional team. What stood out to me from the beginning is the depth of expertise and long-standing commitment to customers across the organization. That kind of dedication is rare and ultimately our strongest asset.' 'JAGGAER has a rare opportunity to redefine intelligent procurement. With our unmatched expertise, customer-first culture, and AI innovation roadmap, we're ready to unlock new levels of value, resilience, and growth—for our customers, our partners, and our people. I'm excited to partner with this incredible team and our global community of customers as we build what's next—together.' A Message from JAGGAER's Board of Directors 'We are delighted to welcome Andrew Roszko to the JAGGAER family. His proven track record and unique understanding of the intricate challenges our customers face, make him the ideal leader to steer JAGGAER's strategic vision. His focus on people and culture also resonates deeply with our values. We are confident that under his guidance, JAGGAER will further solidify its position as the leader in intelligent procurement and create unparalleled value for our customers, partners, and employees.'
Bloomberg
7 hours ago
- Business
- Bloomberg
Mideast War Won't Shut Down the Silicon Road
The big theme in Asian supply chains over the past decade has been relocation. Entire industries have sought to pare their reliance on China by shifting manufacturing to other low-cost destinations like Vietnam and India. Japanese carmakers and Indian pharmaceutical firms have chosen Mexico to be closer to American demand. More recently, however, a new route is emerging — from Asia to the Middle East. Speculation that the US is on the verge of joining Israel's attack on Iran may unsettle business leaders' current plans and delay activity along the corridor. However, as long as hostilities don't spiral into a catastrophic event, such as the closing of the all-important Strait of Hormuz to shipping, they are unlikely to derail the economic case for a reprisal of the historic Silk Road.
Yahoo
7 hours ago
- Business
- Yahoo
C.H. Robinson will use AI agents to classify LTL freight
Global logistics provider C.H. Robinson has announced the launch of a pioneering AI agent designed to adapt to the upcoming changes in the National Motor Freight Classification (NMFC) system for less-than-truckload (LTL) freight. As the largest mover of LTL freight among third-party logistics (3PL) providers in North America, C.H. Robinson is positioning its proprietary technology to revolutionize how shippers classify their freight, marking a major leap in efficiency and accuracy in the logistics industry. Classifying LTL freight has long posed challenges for shippers due to the complex, manual processes involved. Traditionally, each shipment's classification required a detailed analysis of four factors: density, handling, liability, and stowability. Density involves calculating the pounds per cubic foot, with higher density often resulting in a lower freight class and thus a lower shipping cost. Handling considerations look at the ease with which a product can be moved between terminals, with more fragile items potentially requiring higher freight classes. Liability encompasses the potential for damage or perishability of the item and its ability to damage adjacent shipments. Lastly, stowability evaluates whether freight can be stacked or turned to maximize space utilization without requiring special handling conditions. C.H. Robinson's new AI tool is set to simplify these evaluations. By automating the classification process, the AI agent minimizes human error and expedites order processing. 'We have a fleet of over 30 AI agents performing tasks that had defied automation for decades,' said Arun Rajan, Chief Strategy and Innovation Officer at C.H. Robinson. 'Now we're building AI agents that help our AI agents.' This innovation is particularly significant given the upcoming changes to NMFC classifications, which can increase uncertainty and errors if not addressed with precision. The AI agent's ability to automate and streamline freight classification will have profound implications for the company's West, Vice President for LTL, noted the impact on efficiency: 'Before generative AI, half of our LTL orders were automated by way of customers using our global shipper platform or direct connectivity between our tech and their tech. We have the freight classifications for those shippers baked into our system.' With the new AI agent in place, C.H. Robinson has enhanced its automation capabilities, resulting in over 75% of LTL orders being automated—particularly benefiting small-to-medium businesses heavily reliant on email-based freight tenders. The AI agent's speed and capacity for multitasking vastly outperform human abilities in processing freight classifications. In its early months of operation, it has managed to determine the freight class and code for about 2,000 orders per day—a task that would conventionally require substantial human resources and time. 'Manually looking up or confirming the freight class and code for every emailed LTL tender can easily take a person 10 minutes or more per shipment,' Rajan pointed out. 'Our AI agent can do the same in about 10 seconds for first-time reasoning tasks, and just three seconds post-training, handling numerous shipments simultaneously.' This technological advancement not only accelerates the classification process but also reduces operational costs and turnaround times, effectively getting customers' freight on the road faster. C.H. Robinson expects this will result in enhanced customer satisfaction and more strategic supply chain operations without the risk of delays associated with misclassified the overhaul of the NMFC system looms, C.H. Robinson advises shippers to ensure their readiness by accurately gauging their freight dimensions and weight, both crucial for correct NMFC classification. The logistics leader also announced collaborations with dimensioner technology vendors to offer discounts, aiding customers in achieving precise measurements for their shipments. 'C.H. Robinson's track record of LTL innovation sets the standard for our industry,' commented Michael Castagnetto, President of North American Surface Transportation. C.H. Robinson's new LTL freight classification tool is a step into the future of freight logistics, providing a transformative solution to a longstanding industry challenge. As the new NMFC standards take effect, this AI agent is poised to play a crucial role in supporting shippers through the transition. The post C.H. Robinson will use AI agents to classify LTL freight appeared first on FreightWaves.
Yahoo
9 hours ago
- Business
- Yahoo
Overhaul's FraudWatch: a new paradigm in freight fraud prevention
Freight fraud has emerged as one of the most rapidly growing and financially devastating risks in today's global supply chain landscape. With global cargo theft losses exceeding $80 billion in 2023 and the average cost of a successful fictitious pickup surging to $365,000 per incident in Q1 2024, the industry has been desperately seeking more effective solutions. Enter Overhaul's FraudWatch, a winner of the 2025 FreightWaves Fraud Fighter Awards, which has revolutionized the approach to freight security. Unlike traditional tools that focus on recovery after theft has occurred, FraudWatch breaks new ground by proactively identifying and stopping fraud attempts before they can impact the bottom line. This shift from reactive to preventive risk management marks a breakthrough in how the industry combats increasingly sophisticated cargo theft schemes. 'It is a team sport; you need everyone involved in your supply chain to be actively involved in combating fraud for your efforts to be successful,' Overhaul wrote in its application materials. 'Knowing who is working to keep your supply chain secure is only possible with granular visibility. You can't make assumptions or hope for the best: it's about using real data and real visibility to stop fraud in its tracks.' At its core, FraudWatch offers real-time, pre-shipment risk detection powered by Overhaul's AI-driven Intelligence platform. The solution verifies carrier and driver identities, flags suspicious behavior, and prevents loads from being assigned to bad actors before theft can analyzes data across Overhaul's global shipment footprint and employs advanced machine learning and natural language processing to detect red flags—whether it's mismatched booking data, suspicious communications, or a newly registered MC number with no verifiable history. It then delivers real-time risk scores and fraud alerts directly into existing transportation workflows, making prevention both scalable and actionable. What truly sets FraudWatch apart is its two-step verification process. It is 'the only carrier verification and fraud detection solution that delivers two-step verification to eliminate threat of double brokering – carrier/driver verification at point of carrier assignment and again at point of shipment pick up.' This comprehensive approach provides an unprecedented level of security in an increasingly high-risk environment. The impact of FraudWatch has been significant. The solution is market-tested on thousands of shipments, saving customers over $100 million in potential losses during its early adoption phase in 2024 alone. In fact, 14% of all U.S. motor carriers that FraudWatch screens at pickup are flagged as high-risk—7% identified as potential bad actors and 12% found to be operating without proper FMCSA authority. These findings illustrate how widespread fraud risks remain, even among seemingly vetted carriers. FraudWatch's secondary screening at pickup—a key differentiator—adds an extra layer of protection, preventing significant losses that would otherwise go undetected. In early deployment, 8% of FraudWatch-enabled shipments encountered a high-risk carrier, driver, or double-brokering attempt—risks that were proactively stopped before the load was solution integrates with Overhaul's broader security infrastructure, enabling escalation to internal intelligence and recovery experts for further investigation and coordinated law enforcement engagement when a fraud pattern is detected. This full-spectrum approach—monitor, detect, verify, and escalate—gives logistics providers a level of control and confidence previously unattainable in the freight industry. 'The only way fraud will stop/decrease is if the criminals start getting caught in the act,' Overhaul emphasized, highlighting the importance of their coordinated approach to fraud prevention. Overhaul's commitment to freight security extends beyond technology. In a notable case, their watch officers noticed suspicious markings on a tractor that had arrived to pick up a customer's freight. Upon investigation, they discovered that 'the carrier whose name was on the side of the tractor was not the actual carrier, and that the carrier listed on the side of the tractor did not operate in the same state as the origin location.' As a result, they turned the driver away and cancelled several loads that were scheduled to be picked up by the same fraudulent carrier. 'Had they left the origin, our client would never have seen those 6 truckloads again,' Overhaul explained. In another significant collaboration, Overhaul supported the California Highway Patrol and the San Bernardino Police Department in an investigation that led to major arrests in auto theft and drug trafficking. The team worked closely with BNSF security leads and law enforcement agencies to recover products for multiple customers, demonstrating their capability to not only prevent fraud but also assist in the recovery of stolen goods when necessary. Looking ahead, Overhaul cautions that 'the future of fraud will be technology enabled.' They have observed technology driving fraud into new methods including document forgery, and as technology, including AI, advances, they anticipate it being used more extensively in fraudulent activities. 'One likely development on the near horizon is the use of AI bots to cast a wider net when phishing or AI avatars to be used in video verification calls,' they warn. For companies looking to protect themselves against these evolving threats, Overhaul recommends getting 'plugged in to the industry, attend events, work with organizations like Overhaul that can seamlessly connect you with Law Enforcement and teach you how to protect yourself.' They also emphasize the importance of industry collaboration: 'Work together, share intelligence and best practices, be transparent.' FraudWatch's launch represents not just a technological milestone but a strategic response to an urgent industry challenge. By combining AI, real-time data, and deep industry expertise, FraudWatch has set a new standard for proactive, intelligent risk management in the supply chain. In an era where digital impersonation, phishing scams, and fictitious pickups are becoming more common—and more costly—Overhaul's innovative solution provides the industry with a powerful weapon in the fight against freight post Overhaul's FraudWatch: a new paradigm in freight fraud prevention appeared first on FreightWaves. Sign in to access your portfolio
Auto Blog
9 hours ago
- Automotive
- Auto Blog
How China Is Sparking a Battery Crisis
The auto industry faces yet another supply chain issue stemming from China Antimony is a material critical to lead-acid battery manufacturing, and China's export restrictions on this critical mineral, implemented last summer, have battery makers under pressure. Lead-acid batteries in the automotive industry are most commonly found in gas-powered vehicles and are used for functions like engine starts and powering low-voltage instruments such as dashboard displays. Antimony is also used in EV lead-acid batteries and flame-retardant materials. 0:03 / 0:09 Walmart is selling a 'heavy duty' $89 step ladder for $48, and shoppers say it's 'sturdy and secure' Watch More According to Reuters, Antimony now costs more than $60,000 per metric ton, which is more than quadruple its year-over-year price. In 2024, China produced 60% of the world's antimony supply, and several countries that mine the mineral process it in China. Beijing added antimony to its export control list last September, and companies now need a license for overseas deals. Additionally, China banned U.S. antimony exports in December, which remains in effect. China's global antimony exports are now a third of last year's. Connecting jumper cables to a lead-acid car battery — Source: Getty How is the U.S. responding? U.S. companies are responding with gray market antimony purchases or buying at elevated prices from sellers who pre-accumulated stockpiles. Last week, China and the U.S. reached a deal on rare earth exports, which the automotive industry heavily relies on for magnets used in several vehicle parts, but antimony doesn't appear to have been discussed between the two countries. Like antimony, China has a monopoly on rare earths, but at a higher percentage than antimony, with 70% of mining and 90% of processing occurring domestically. Steve Christensen, executive director of the U.S.-based Responsible Battery Coalition, labeled the antimony situation a national emergency and said Western countries have become 'Overly reliant on a single geopolitical adversary for minerals foundational to both national defense and civilian life,' Reuters reports. Christensen added: 'For the U.S., the path forward must include onshoring processing capacity, scaling domestic recycling, and building strategic mineral alliances with trusted partners. Otherwise, this crisis will repeat itself again and again.' Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Clarios, a U.S.-based global leader in battery manufacturing, disclosed last month that it was considering locations for a critical minerals processing and recovery plant in the U.S. that would extract antimony, among other minerals. The facility would cost up to $1.9 billion, and Indiana, Texas, and Utah are emerging as potential locations. Antimony is listed by the U.S. Department of the Interior as a mineral critical to the U.S. economy and national security. The U.S. Antimony market size is expected to rise from $270 million in 2024 to $550 million by 2035, with a 6.82% growth rate, according to Market Research Future. Overall, antimony demand is around 230,000-240,000 tons a year, with lead-acid batteries accounting for about a third of that, Reuters reports using data from consultancy Project Blue. Antimony rock — Source: Getty Final thoughts Antimony remains essential in the automotive industry as more car manufacturers extend timelines for gas-powered vehicle production and use the critical mineral in the growing EV segment. Securing a stable supply of antimony and rare earths for magnets is vital in avoiding future bottlenecks from countries like China. If the U.S. doesn't diversify its antimony supply chains and help facilitate competition within the market, production costs could continue to increase at a time when car prices are already high, and segments like EVs could experience slowed growth. About the Author Cody Carlson View Profile
