DHL's Resilience360 supply chain risk management platform receives $21mn funding
An end to end supply chain risk management platform, created by one of the worlds largest supply chain distributor companies, has received a significant investment as moves further into the global cloud sphere.
Resilience360, from DHL, has received an equity commitment of around $21mn to “accelerate growth and advance capabilities” as it expands into global cloud markets.
The investment comes from Columbia Capital, a Washington based venture capital group that looks to invest in disruptive technology companies around the world. It will see Columbia Capital's team take an active role in pursuing organic and inorganic growth opportunities for the market-leading R360 platform, which allows businesses to visualize, track and manage risk in their global end-to-end supply chain operations.
"Resilience360 is a key part of DHL's value proposition. By bringing in Columbia Capital, we have the opportunity to significantly enhance its capabilities, particularly in data analytics and accelerate the growth of the platform and provide an even better service offering to our customers," explains Katja Busch, DHL's Chief Commercial Officer. "Supply chain risk management is more important than ever to our customers and aiding global supply chains to be more resilient is a critical part of our business. The investment reflects our commitment to helping the industry manage risks beyond the DHL network."
"Supply chain technology and analytics have huge potential to increase supply chain efficiency and create value," says John Siegel, a partner at Columbia Capital. "We spent significant time meeting with many companies that are addressing this opportunity and believe that Resilience360 has very unique capabilities and potential."
Earlier this year, DHL introduced the Resilience360 mobile app, bringing the risk management solution to mobile. he app, an extension of DHL’s existing Resilience360 platform, offers near real-time monitoring of shipment milestones across transport modes, as well as external incidents capable of disrupting a business’ supply chain. It provides businesses with anytime, anywhere access to supply chain information and uses advanced technologies to help businesses predict, assess and mitigate disruptions in near real-time on handheld devices.