U.S. health officials are pleading for more use of COVID-19 antibody therapies from Eli Lilly and Co. and Regeneron Pharmaceuticals Inc. that have been plagued by logistical issues, lack of efficacy data and insufficient reimbursement.
Vector, a mobile-first workflow automation platform for enterprise shippers, 3PLs, carriers and retailers, recently announced enhancements to its catalog of contactless solutions, including document digitization, mobile workflow automation and contactless electronic bill of lading.
USPack, a national provider of high-speed final-mile logistics and a NewSpring Holdings platform company, recently announced the acquisition of Capital Delivery Systems, expanding its final-mile delivery capabilities and national footprint.
Challenge: A multinational oil and gas company relied on thousands of suppliers worldwide — including remote partners in Azerbaijan, Alaska and Angola — for time-critical materials. However, the company lacked adequate visibility and transportation management over it’s 60,000 purchase orders per year, resulting in incomplete deliveries, poor shipment-status insights and high administrative and process costs.
Orders fell almost 10% in 2019 and then more than 50% in 2020 to the lowest in at least two decades, IHS Markit data show. If activity doesn’t pick up, that could lead to a dearth of vessels and a spike in freight rates in a few years.