The Supply Chain Matters blog features our May 17, 2019 Edition of This Week in Supply Chain Management Tech, a brief synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based readership.
Included in this edition are highlights related to noteworthy announcements and/or developments related to:
Alibaba Intensifies Global Commerce Efforts
The Financial Times exclusive report indicates that Alibaba’s online subsidiary AliExpress is in the process of initiating a strategic shift in ability to add merchandise selections across international online markets.
According to the report, until now AliExpress has featured goods from sellers within China offering their goods among 150 countries. The new effort reportedly involves sellers among four additional countries, Italy, Spain< Russia and Turkey, now being able to leverage the online platform to sell internationally.
The reported impetus to this effort is declining growth in China’s online sector. Further indicated is that Alibaba is likely to step-up efforts to tap underserved international markets included added acquisitions.
Locus Secures $22 Million in Series B Funding
India based start-up Locus, that utilizes AI to help businesses map and optimize logistics processes has raised $22 million in Series B funding, directed at expanding its operations in broader international markets.
The four-year-old start-up’s latest round was led by Falcon Edge Capital and Tiger Capital. Existing investors Exfinity Venture Partners and Blume Investors also participated in this round. The start-up has raised $29 million to-date.
Current lighthouse customers are noted as Tata Group companies, Myntra, BigBasket, Lenskart and Bluedart.
Added capital were be invested in additional product development and further expansion in Southeast Asian and North American markets.
Oracle Announces New Updates to Supply Chain Management Cloud
Enterprise and Cloud business applications technology provider Oracle announced a series of of logistics management updates to Oracle Supply Chain Management Cloud (Oracle SCM Cloud). The updates include, Oracle Logistics Cloud, enhancements to Oracle Transportation Management Cloud Service and Oracle Global Trade Management Cloud , that include a new logistics network modeling capability and enhanced transportation management and global trade management (GTM) capabilities.
These latest enhancements are directed at helping businesses to enhance supply chain responsiveness, optimizing shipments and asset utilization, while improving productivity.
Added Note to Readers– Supply Chain Matters will feature our This Week in Supply Chain Tech highlight series as announcements warrant.
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