May 17, 2020

Rootstock Software snaps up cloud ERP software firm Kenandy Inc.

ERP supply chain
ERP manufacturing
rootstock
Kenady
James Henderson
2 min
Rootstock Software has acquired Kenady Inc.
Cloud supply chain and manufacturing Enterprise Resource Planning (ERP) solution provider, Rootstock Software, has announced the acquisition of Kenandy...

Cloud supply chain and manufacturing Enterprise Resource Planning (ERP) solution provider, Rootstock Software, has announced the acquisition of Kenandy Inc., a developer of cloud ERP software.

Rockstock said the deal solidifies its standing as a leading developer of cloud ERP applications focused on the needs of manufacturers, distributors and supply chain organisations utilising the Salesforce Platform.

“By combining the talent, skills and intellectual property of both companies, Rootstock will achieve greater economies of scale to compete with the likes of Oracle-NetSuite, Microsoft and SAP, while giving us the ability to create more cutting-edge capabilities for Kenandy and Rootstock customers,” said Patrick Garrehy, CEO of Rootstock.

“Both Rootstock and Kenandy are known for taking a customer-centric approach to ERP, and this furthers Rootstock’s recent focus on advancing personalized manufacturing with capabilities that deliver a more individualized customer experience across all customer touch points in an organisation.”

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The deal means that customers will be able to utilise a combination of Rootstock Cloud ERP, Salesforce Sales Cloud, Salesforce Service Cloud and the underlying Salesforce Platform technologies, such as Salesforce IoT and Einstein Analytics.

“As the cloud marketplace has matured, buyers are increasingly making CRM and ERP decisions in the context of an overall cloud platform strategy,” said Garrehy. “This acquisition creates a bigger, stronger entity focused on building cloud ERP applications for those who choose the Salesforce Platform as their underlying technology.

“When it comes to cloud ERP implementations, customer success is often determined by how you implement, not just what you implement.

“Our combined company is dedicated to making the transition from legacy ERP easier for our customers. We welcome Kenandy customers into the Rootstock fold.”

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Jun 16, 2021

EU and US agree end to Airbus-Boeing supply chain tariffs

supplychain
Boeing
Airbus
tariffs
3 min
Supply chains embroiled in Airbus-Boeing dispute will no longer be impacted by $11.5bn tariffs imposed on food and beverage, aircraft and tobacco

The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic. 

Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years. 

It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC. 

The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn. 

In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products. 

Boeing-Airbus dispute by the numbers  

  • The dispute began in 2004
  • Tariffs suspended for 5 years 
  • $11.5bn worth of goods affected by tariffs
  • $3.3bn in duties paid by businesses to date 
  • 15% levy on aircraft and 25% on non-aircraft goods suspended

Both sides welcome end to tariffs 

European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.

“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.

Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”. 

The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."

This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.

Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”

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