Tradeshift announces innovation lab for supply chain networks and technology
Global commerce platform, Tradeshift, has announced an “innovation lab and incubator” directed at exploring and transforming business networks, supply chains, and global trade.
The initiative, which will be known as Tradeshift Frontiers, will work through the application of emerging technologies such as artificial intelligence, distributed ledgers and the Internet of things. Frontiers will also engage in business development enhancing partnerships to drive commercial goals.
“Our goal is simple and singular: to significantly impact B2B commerce and global supply chains in the next five years,” said Gert Sylvest, co-founder and GM Frontiers, Tradeshift. “We will leverage emerging technologies to make trade more inclusive, empowering, transparent and sustainable.”
Rather than shut its R&D and research operations behind closed doors, Tradeshift has structured its lab to encourage knowledge sharing that is global and distributed in nature.
“With Frontiers, we aim to bring the transformative potential of these technologies into the hands of every company in the network, no matter their size or role in the supply chain,” Sylvest said.
“That also means unlocking greater value for small businesses and their trading partners to bring them on equal footing with the companies that dominate the digital supply chains today.”
Blockchain is among the first focus areas for the Frontiers lab initiative.
Last October, Tradeshift joined the Hyperledger project as a governing member. The collaboration will bridge blockchains to the Tradeshift platform and help drive industry-wide impact. In commerce, every interaction between trading parties is subject to questions about trust and transparency. Blockchains, in essence, enable new incentive models to collaborate across the supply chain.
“The use cases we’re working through Frontiers cover a very wide variety of themes, including supply chain financing, asset liquidity, and supply chain transparency,” Sylvest said. “There is so much more potential than just cryptocurrencies.”
Tradeshift said it would be working to release prototypes, apps and services over the coming months that will “highlight the potential of the future Tradeshift platform”.
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.