News Hub | News Direct

Professional Services

Architecture CRM/Customer Service Consulting Government & Policy Human Resources Intellectual Property/Trademark/Patent Law Legal
Article thumbnail News Release

LIXIL Establishes LIXIL Public Partners as First Public Sector Engagement Platform to Strengthen Collaboration on Water, Sanitation & Hygiene

LIXIL

LIXIL, maker of pioneering water and housing products, today announced the establishment of LIXIL Public Partners (LPP), the company’s first dedicated public sector engagement platform. LPP will explore synergies and expanded collaboration with the public sector for the delivery of innovative household solutions in water, sanitation, and hygiene. These efforts will build on existing initiatives such as LIXIL’s SATO brand of safe, affordable sanitation and hygiene solutions, and work to tackle America’s sanitation challenges. Erin McCusker, Leader of SATO, has been appointed as Senior Vice President, with concurrent responsibilities to lead the newly founded LPP unit. McCusker will be responsible for developing business strategies and operating models designed to serve the mutual interests of global partners and LIXIL by introducing innovative products and solutions for improved access to water, sanitation, and hygiene globally. Among governments and geographies across the world, there has been an enhanced focus on social and environmental challenges, including a mandate to provide solutions and resources for issues in water, sanitation, and hygiene. Recognizing the importance and immense opportunity of jointly tackling these challenges, LPP will leverage and maximize the synergies of LIXIL’s technologies and team of experts to provide innovative solutions. In line with LIXIL’s Global Sanitation and Hygiene Corporate Responsibility commitment to improve access to sanitation and hygiene for 100 million users by 2025, LIXIL will strengthen business-to-government channels and operational models for public, private, and community stakeholders. ”With our global presence, expertise in delivering consumer-centric solutions, and experience in developing long-lasting partnerships with development agencies and others, we are uniquely positioned to be the preferred partner to the public sector in household water, sanitation, and hygiene,” said McCusker. “Globally, acceleration is needed to achieve targets set by SDG 6, and commitments such as the White House Action Plan on Global Water Security towards sustainable management of water and sanitation for all. These goals will only be reached by doing things differently, and driving toward more effective collaboration between the public and private sector.” McCusker joined LIXIL in 2018, bringing her extensive strategy and public-private partnership expertise. She will concurrently continue her role leading SATO, a social business, sanitation, and hygiene solution provider for underserved communities that has improved access to toilets and hand washing for an estimated 35 million users in over 44 countries.¹ Under McCusker’s leadership, SATO has shipped over 1 million units for three consecutive years. Most recently, she led strategic engagement with USAID, resulting in LIXIL being awarded approximately $10 million to establish the new Partnership for Better Living. ¹Source: Progress on household drinking water, sanitation and hygiene 2000-2020: Five years into the SDGs. Geneva: World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF), 2021 ( https://washdata.org/ ) LIXIL (TSE Code: 5938) makes pioneering water and housing products that solve everyday, real-life challenges, making better homes a reality for everyone, everywhere. Drawing on our Japanese heritage, we create world-leading technology, and innovate to make high quality products that transform homes. But the LIXIL difference is how we do this; through meaningful design, an entrepreneurial spirit, a dedication to improving accessibility for all, and responsible business growth. Our approach comes to life through industry-leading brands, including INAX, GROHE, American Standard, and TOSTEM. Approximately 55,000 colleagues operating in more than 150 countries are proud to make products that touch the lives of more than a billion people every day. Contact Details Carly Sylvester lixil@hotpaperlantern.com Company Website https://www.lixil.com/

June 09, 2022 11:00 AM Eastern Daylight Time

Article thumbnail News Release

New Survey Shows the Next Generation Embraces Remote Work for College to Career Transition

Velocity Global

Seven out of ten U.S. college-aged adults are likely to consider an entirely remote job One out of four never expect to hold a traditional 9-to-5 office job, and 85% see themselves holding a side gig Nine out of ten express anxiety about entering the workforce A survey released today by Velocity Global, the leading provider of global talent solutions, shows that U.S. college-aged adults embrace remote work in their career transition plans. The College to Career Survey examined 1,000 college-aged respondents’ attitudes on remote work and their work-life balance expectations as they prepare to transition into the workforce. “The next generation wants to work remotely, balance their ‘personal’ and ‘work’ lives, and prioritize flexibility and mental well-being. Companies should take notice: The old way of doing business is over,” said Sarah Fern, chief people officer at Velocity Global. “Put simply, students want the flexibility to work with anyone, anywhere, anytime, and they expect employers to meet them where they are.” Key findings on remote work: 69% of respondents are somewhat or extremely likely to consider a job that is entirely remote 80% of students would consider taking less money for their job if it allowed a remote option The majority (57%) say being remote increases their productivity Nine out of ten respondents report work-life balance as being either the most important factor (53%) or a somewhat important factor (37%) in selecting a career Fewer than 1 in 5 (18%) say they prefer to work from an office five days per week Fewer than half (44%) of respondents plan to have a traditional (Monday-Friday, 9-to-5) in-person job, and 1 out of 4 (23%) never expect to hold a traditional office job Impacts on emotional well-being: The survey also found a large impact on the emotional well-being of respondents as a result of the move to remote work and learning over the last several years. 56% of respondents acknowledged remote work/study negatively impacted their mental health “a lot” (14%) or “somewhat” (42%) 86% reported a high level of stress or anxiety about entering the workforce, including 35% who indicated they are “very” anxious about entering the workforce, and an additional 51% said they are “somewhat” anxious about doing so Participation in the gig economy: An overwhelming majority of students intend to supplement their primary job with a side gig. 85% of respondents said they either definitely (27%) or possibly (58%) expect to have a side gig in addition to their primary job “That number is staggering, and the C-suite needs to harness the possibilities of tomorrow’s workforce who have varied interests, skills, and allegiances,” said Fern. “Talent is telling us how they will succeed, and it includes full-time, part-time, contract, and freelance work - and sometimes a combination of these. It is entirely possible for you to get the best from your talent while they also pursue other interests. It works for both of you.” International results: The survey also gathered input from 500 students and recent graduates in the United Kingdom (U.K.) and 500 in Brazil, with very similar results. 72% in the U.K. said they would consider an entirely remote position, and a staggering 85% in Brazil say the same 84% of respondents in the U.K. and 82% in Brazil said they would be willing to consider a position that paid less money if it offered the flexibility to work from anywhere “These trends with college students and recent graduates in the U.S. are mirrored in other parts of the world, highlighting the accessibility of a global workforce. In the U.K. and Brazil — where Velocity Global clients increasingly seek supported talent — work flexibility is seen as one of the most compelling factors considered when entering the job market,” said Fern. Methodology: This survey was conducted on behalf of Velocity Global by Rep Data. All selected samples were subjected to stringent quality control standards, including technological controls such as automatic geographical IP detection, tracking and deduplication, open-end pre-screening, and re-captchas. Rep Data sourced multiple suppliers to ensure a representative sample, each supplier possessing its own unique recruitment model and incentive structure, which increased sample source diversity and quality. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform TM simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record and Contractor Management, to help companies onboard, manage, and pay talent in more than 185 countries and all 50 United States. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a "Leader" in Global Employer of Record Services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit velocityglobal.com. Contact Details Velocity Global Chris McGrath +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

June 09, 2022 07:00 AM Mountain Daylight Time

Video Image
Article thumbnail News Release

Ongoing Threats Against Supreme Court Are a ‘Slow Motion Coup D’Etat’

National Legal & Policy Center

Statement from Peter Flaherty, Chairman National Legal and Policy Center: The attempted assassination of Supreme Court Justice Brett Kavanaugh is the logical and predictable result of compounding threats against the judicial branch by Democrat elected officials and activists, which are still taking place. Unbelievably, there were again demonstrations last night at Kavanaugh’s home. Who can forget the disgrace of the Kavanaugh hearings when members of the Senate and their media allies egged on disruptions of the hearings by left-wing activists and embraced 11 th -hour allegations by Christine Blasey Ford about what Kavanaugh supposedly did in high school, not to mention the wild accusations of gang rape by miscreants like Michael Avenatti, who now sits in prison? Apparently having no shame, New York Senator Charles Schumer continued the assault on our Constitutional processes by threatening Justices Kavanaugh and Gorsuch on the steps of the Supreme Court in March 2020. Our Complaint to the Departmental Disciplinary Committee of the New York Supreme Court seeking Schumer’s disbarment only led us to be told that “no action is warranted at this time.” In July 2020, the Committee actually responded with: “While these comments were certainly concerning, the Departmental Disciplinary Committee is cautious about disciplining attorneys, whether local attorneys or pubic officials for comments that may be protected by the First Amendment.” So threats against Supreme Court Justices that are part of a larger campaign — actually a slow motion coup d’etat against the judicial branch — are covered by the First Amendment? This larger campaign includes proposals for “court packing,” the leak of the draft abortion decision, illegal demonstrations at the homes of judges, the vile and bigoted messaging that is present at these protests, and the support for violence to achieve political ends by elected officials, including President Biden. We’ve seen a mass assassination attempt in 2017 of Republican members of Congress by a supporter of Bernie Sanders and the 2020 riots which cost up to $2 billion in property damage and dozens of lives for which Antifa and Black Lives Matter have faced few consequences. In fact, Black Lives Matter flags now fly from US embassies all over the world. America has survived for over 200 years because of Constitutional limits on government, including the separation of powers. The Left understands this, and that is why they have targeted the judicial branch for destruction. Click here for our March 6, 2020 Complaint against Schumer. Click here for the July 27, 2020 response. Click here for our August 5, 2020 appeal of the dismissal. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 09, 2022 08:55 AM Eastern Daylight Time

Article thumbnail News Release

Volatus Aerospace expands Latin American presence through Joint Venture

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announces a joint venture with EOLO Drones S.A.C. ("EOLO") signed on June 2, 2022. The business will be called Volatus Aerospace LATAM and will expand Volatus' commercial operations in Latin America. Under the terms of the agreement, which includes commercial activities for both civil and governmental entities, Volatus Aerospace holds 75% equity, with EOLO holding the remaining 25%. “Latin America is a vast, emerging market with exciting opportunities for drones in sectors such as mining, infrastructure, renewable energy, and agriculture,” said Luc Masse, Executive Vice President of Volatus. “Success in this region requires an understanding of language, culture, and local legislation. Volatus Aerospace LATAM will represent our brand throughout South America and execute our expansion using a strategy adapted specifically to these markets.” "Canada’s largest defence and security trade show, CANSEC, was a tremendous success for Volatus. Given the number of international delegations, it seemed appropriate to sign our joint venture with EOLO at the conference," said Glen Lynch, Volatus CEO. "Our business has expanded in Latin America, and it’s an important market for us. We are looking forward to attending Peru's inaugural drone conference this year, and I'm grateful for the personal invitation we received from Lieutenant-General Carlos Chávez Cateriano, Chief of Staff for the Peruvian Air Force." Bruno Leoni, CEO of EOLO, stated: "I am proud that we have elevated our partnership to expand our services and products across Latin America. We look forward to identifying opportunities in the market and leading the expansion. I would like to thank Volatus for making us welcome at CANSEC and choosing us to be their South American partners." About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

June 08, 2022 07:46 AM Eastern Daylight Time

Video
Article thumbnail News Release

Retention Cloud Leader CleverTap Unveils TesseractDB™

CleverTap

CleverTap, the world’s No. 1 retention cloud, today announced it has unveiled TesseractDB ™, the world’s first purpose-built database designed to dramatically improve user engagement and retention for digital consumer brands. TesseractDB ™ brings true technology innovation to growth marketing leaders looking to deliver in-context, timely, personalized messaging and recommendations across all user touchpoints. TesseractDB ™ makes massive amounts of first-party user data in a privacy-friendly, accessible, and affordable way to power real-time user personalization. Leveraging machine learning and Artificial Intelligence (AI), it offers limitless scale and enables digital brands and businesses to harness data and context for every interaction. User engagement and retention start from Day One when a user launches an app for the first time. Research estimates that nearly 85% of all messaging is considered spam, an average of about 122 billion messages globally. About 36% of spam content is generated from ill-timed, non-personalized marketing messages. This problem continues to be prevalent due to the limited data technologies that are patently unable to store the massive volumes of first-party data required to offer a truly personal customer experience. “Today, we are excited to unveil TesseractDB ™, the data technology that powers the CleverTap platform. It will allow global growth marketing teams to achieve true omni-channel customer engagement,” said Sunil Thomas, CleverTap Co-founder and Executive Chairman. “In the last 40 years, MarTech vendors have cobbled together generic off-the-shelf data technologies in an effort to solve for end-user messaging. These technologies have been limiting, and as a result, brands simply cannot fully unlock their own user data for real and meaningful relationship building. To transition away from the spam and transactional communication that is so prevalent in MarTech today, we must make user data available, affordable, and easily accessible. This is why we invented TesseractDB ™.” TesseractDB ™ is a giant technological leap that removes all data related limitations typically associated with the MarTech industry. Using TesseractDB ™, digital brands can offer each user a magical onboarding experience and continue to deliver delightful experiences throughout their journey. TesseractDB ™ enables CleverTap to offer unmatched technology, features, and capabilities - Unlimited data look back periods without any limitations High speed, scale, and unmatched throughput Rich, granular first-party user data storage Built-in real-time machine learning and AI Hyper-personalized engagement and recommendations “Until now, data look back and access limitations, created by overages and cost, prevented brands from unlocking the full potential of first-party user data for engagement. This is a deep tech and science problem. With TesseractDB ™, CleverTap provides the industry’s most versatile segmentation and data processing engine for mobile engagement, ” says Momchil Kyurkchiev, Chief Strategy Officer, CleverTap. He adds, “TesseractDB ™ is designed to provide MarTech professionals a cost-effective and efficient way to capture unlimited data streams and deliver actionable insights and analytics to drive personalization and engagement.” About CleverTap CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML-powered insights and automation. Customers worldwide representing over 10,000 apps, including Premier League, Bolt, Truecaller, Current Mobile, Trebel, Zé Delivery, TitleMax, YouNow, Albo, Vodafone Idea, SonyLIV, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms, including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit https://clevertap.com/ or follow on LinkedIn and Twitter. Forward-Looking Statements Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could amount in the actual result being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

June 07, 2022 03:38 PM Eastern Daylight Time

Article thumbnail News Release

Minuteman Press Franchise Owner Ken Tays Receives Veteran Business Award from NJ State Veterans Chamber of Commerce and The American Legion

Minuteman Press International Inc

US Army Veteran Ken Tays, who owns the Minuteman Press franchise in Newark located at 20 Clinton St., was recognized with the award for Veteran Business under $3 Million by the NJ State Veterans Chamber of Commerce (NJSVCC) and The American Legion at the Disabled Veteran and Veteran Business Summit. The event was held on May 10 th, 2022 at Middlesex College in Edison. The Summit connected over 100 Veteran-owned businesses with private companies and state agencies to help facilitate partnerships on upcoming projects. Ken says, “It was a real honor to attend the Summit, connect with so many other Veterans and supporters of Veterans, and receive such a prestigious award from the New Jersey State Veterans Chamber and The American Legion. My business, Minuteman Press in Newark, is a small, Veteran-owned franchise, and an event like this is really helpful and inspiring to me.” Ken served in the US Army for 11 years and then earned his degree in financial services. Ken shares, “I worked as a Federal Bank Regulator for 12 years and then entered the private sector working for companies like PwC and Citibank. I decided to research franchise opportunities because I wanted to be my own boss.” In 2019, Ken bought Minuteman Press in Newark. He took over the successful business from Holly Kaplansky, who retired after owning and operating Minuteman Press in Newark for 15 years. Ken says, “At its core, Minuteman Press International is a family-owned business. I went out to Long Island and CEO Bob Titus talked to me for an hour and a half. I was looking for a printing franchise that had that family-like atmosphere and wasn’t so corporate. The other franchises I looked into just didn’t have that same feel to them where I felt comfortable like I did with Minuteman Press.” As for why Minuteman Press is the right fit for Veterans, Ken shares, “I feel like this is my business and yet Minuteman Press provides me with that security blanket of local support and guidance. I have no printing experience and the training and ongoing assistance from Jim Galasso and the local field staff here in Newark really helps me. I know I can contact anyone in the company and they will respond and be there without breathing down my neck all the time.” When asked about the rewards of owning his own business, Ken’s first inclination is to say, “Work life balance. That is something I feel like I have even though I am working hard and always on. I love the challenge of running my own business and being responsible for everything. I spent a lot of time in corporate America making money for other people and I wanted to do this. There are ups and downs but it’s on my time.” Ken’s advice for others who are looking into business ownership or franchising is, “I would say that I looked at a lot of businesses. Find something that is a good fit for you, and find a franchisor that has what you’re looking for. I spent several months doing my due diligence, and once you make that decision, you have to be committed.” For more information on Ken Tays’ Veteran-owned Minuteman Press business in Newark, NJ, visit https://www.mmpnewark.com. Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

June 07, 2022 10:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

CargoX Blockchain Technology Takes Flight in Egypt

CargoX

LJUBLJANA, SLOVENIA - (June 06, 2022) - CargoX, the leading company specializing in the digital transfer of trade documents, extends its business engagement with the Egyptian government by providing advanced Blockchain Document Transfer (BDT) services as a core component of the Advance Cargo Information (ACI) system implementation for airborne cargo. The Advance Cargo Information (ACI) system aims at providing business intelligence and governance mechanisms to the government before cargo loading from ports of export, facilitating cargo clearance procedures, creating transparency and audit trail for cargo movements within a paperless ecosystem by digitizing shipment documents transfer using CargoX BDT services. The ACI system is a core component of Egypt’s national single-window platform for international trade (NAFEZA) that is operated by the Public-Private-Partnership company Misr Technology Services (MTS). “The NAFEZA single window platform for digitalization of ocean-freight trade document transfers between Egypt and companies worldwide is an unprecedented success. It is used by more than 90,000 companies and entities worldwide, and we continue building this momentum by adding air cargo documentation processing. This will bring the number of points of entries to 30 – including airports, seaports, dry ports, border posts, free zones, and bonded warehouses,” said Captain Ossama Al Sharif, MTS Chairman & CEO. Background information: Misr Technology Services (MTS) authorized CargoX to be the gateway between the international trade community and the Egyptian national single window for international trade (NAFEZA) by providing blockchain-document-transfer services since January 2021. CargoX platform includes built-in automated workflows for Blockchain Document Transfer (BDT) where the ultimate level of immutability, transparency, reliability, and accountability is achieved. CargoX launched its BDT services on a “TRIAL” basis as early as March 2021 to serve seaborne cargo. The services became “LIVE” as of October 2021. Within this context, cargo shippers pre-lodge shipment documents and data electronically in a secure and prompt manner to ensure that import security screening and customs procedures on the Egyptian side can be accomplished prior to shipment arrival to Egyptian seaports. Since its implementation in seaports, the project has surpassed all expectations. CargoX blockchain solution was used seamlessly and safely to transfer more than 1,500,000 actual trade and finance documents to serve more than 100,000 customers. By providing reliable document transfer services, the CargoX Platform has become the fastest-growing blockchain platform in the logistics industry. It represents one of the most compelling cases for the adoption of the blockchain as a critical tool for streamlining global trade and commerce, as well as business-to-government communication. “NAFEZA has become a unified channel for customers exporting to Egypt by sea, and now also by air. The ACI system will expedite shipment clearance, reduce cost, and eliminate the risk of delays or loss of documents. We are proud that Egypt is yet again a global innovator and a key reference for modernization,” said Gamal Kotb, MTS General Manager. In the sea freight use case, the benefits resulting for users from the adoption of the blockchain technology include a reduction in the average cargo release time from 29 days to 9 days with a notable reduction in container demurrage and storage fees. Compliance costs for shippers in the maritime sector have also been slashed from more than USD$600 to USD$165, or less as a consequence of the move onto the blockchain. In air freight, the real-time delivery of documents will play an even more essential role, as cargo travel times are much shorter, and processes run with higher task frequency. “Mr. Stefan Kukman, CEO of CargoX said, “CargoX is proud to be developing the most cutting-edge digital solution for global trade - arguably the most important industry in the world,” “It is incredibly satisfying to already be working with some of the most selective companies in the logistics industry and forward-thinking governments that have made the CargoX Platform the fastest-growing blockchain platform in the logistics industry,” —Kukman added. About CargoX CargoX Ltd is a global company specializing in document transfer solutions, based on blockchain transactions and an ownership validation platform. The core team of founders brings together more than 100 years of experience in the logistics, banking, programming, IT and blockchain industries. Users of CargoX’s BDT platform can upload or create electronic trade documents and then transact ownership of them like money through a global bank, at any time, with the following benefits: ● Irrevocable transfer of ownership of the documents ● Unbreakable, neutral, public Ethereum blockchain ● The audit trail of events is only available to the participants involved ● Confidentiality and full protection of data, identity and business connections ● More than 65 document types are supported (eBL, eLC, Certificates, Contracts, Invoices) Contact Details CHARLIE PESTI —The world’s best publicist for supply chain technologies. Charlie Pesti +1 267-439-4355 charlie@pesti.io Company Website https://cargox.io/

June 06, 2022 10:02 AM Eastern Daylight Time

Article thumbnail News Release

Freight Rate Transparency gains traction in Freight Forwarding – SHIFEX by Shifl

Shifl

Digital forwarding and supply chain platform Shifl has announced the launch of SHIFEX, an Ocean Spot Freight Rate Index for container shipments which is now available on their website ( https://shifl.com/index ). The recent and continuing unprecedented chaos in the freight markets has brought the dire need for transparency and visibility into actual ocean freight rates. Shabsie Levy, CEO and Founder of Shifl, said he often found thousands of dollars of disparities between reported and actual freight rates on the market. “In the current market condition, just about no one can afford to pay hundreds and sometimes thousands of dollars more for moving a single container,” said Levy. SHIFEX provides live insights into ocean freight rates. It tracks and displays the average ocean spot freight rates for 40'containers (FEU) on main Transpacific routes at any given period. Freight rate transparency and accuracy have always been touted as core business values. They improve customer engagement, build trust, and increase productivity in an industry that has been opaque. “By leveraging our existing technology, we are helping shippers benchmark the freight rates they should be paying for their shipments and help them better plan their order placements and inventory” said Levy. By analyzing its own data of actual bookings and shipments, Shifl was able to alert the market in advance of the drastic changes in the ocean spot freight rates across the volatile periods in 2021 and 2022. Eli Gelbman of The New York Doll Collection a company that manufacturers and sells childrens dolls and accessories says, "I am pleased that Shifl is launching SHIFEX. As a regular importer, we have been following Shifl's rate data in their market reports which has helped us tremendously in managing the volatility in the freight market. Having the same info now on-demand, will allow us to make better supply chain decisions, and improve efficiency in costing and in planning our orders." More about SHIFEX SHIFEX, the first ocean spot freight rate index by a US freight forwarder, provides live insights into ocean spot freight rates as it tracks and displays rates that are applicable on the Trans-Pacific route. SHIFEX is based on the actual spot freight rates quoted and/or paid for moving shipments on the Trans-Pacific route and is therefore a true reflection of the prevailing market conditions in the freight forwarding spot market. SHIFEX is offered as a free service by Shifl and covers Port to Port container spot freight rates. SHIFEX includes all commonly applicable surcharges, —including but not limited to BAF (Bunker and/or Emergency Bunker Adjustment Factor), CAF (Currency Adjustment Factor) ISPS (International Security Port Surcharge), PCS (Port congestion surcharge). The index provides past and current freight rates with the option of tracking rates on a 3, 5, 12 and 18 month basis from the base ports of China to both Los Angeles and New York. In addition to freight rates, Shifl is also planning to include its highly popular vessel transit and container dwell data and add spot freight rates of other trade lanes to SHIFEX so customers can track the past and current performance of these metrics as well. SHIFEX complements digital offerings that include Shifl.com, the digital forwarding and supply chain platform, and Shifl.capital, the cutting-edge FinTech solution designed to make business transactions easier for supply chain companies. About Shifl Shifl is leading the supply chain industry into the future with technology and innovation that brings a huge array of real-life benefits to its users. If you are a shipper looking to bring your business into today's digital age, be more in control, and pay less overall - Shifl is for you. Shifl is headquartered in New York and maintains a presence in China, India, Vietnam, Malaysia, Bangladesh, Georgia, DR, and The Philippines. To learn more, visit https://shifl.com. Contact Details CHARLIE PESTI Priyanka Ann Saini +91 98332 68264 priyanka@pesti.io

June 06, 2022 12:00 AM Eastern Daylight Time

Article thumbnail News Release

Sirena Moore-Thomas at the 2022 Leading Entrepreneurs of the World Conference

1BusinessWorld

Dynamic business leader, strategist, author, and entrepreneur, Sirena Moore-Thomas, the CEO of the The Highmark Group, joins the 2022 Leading Entrepreneurs of the World Conference to talk about how to win federal contracts without writing proposals! Sirena is an accomplished Mompreneur, Author, and Strategist affectionally known as The Destroyer of Comfort Zones! Despite being a teen mom of twins with no college degree and very little resources she has led several small businesses to multi-million dollar revenues, won hundreds of Federal Contracts and continues to empower leaders around the world. Sirena has an innate ability to help her clients consistently find success in seemingly impossible situations. Register to attend the 2022 LEW Conference to watch the live session of Sirena's presentation and to connect with her live at the event: https://events.zoom.us/e/view/_LwgIoXQQL2gA_LMBaozZA All news and content distribution in partnership with News Direct. About The Highmark Group The Highmark Group provides a host of Executive Coaching and Leadership Development services to corporations and organizations across the country. Specializing in personal optimization and competitive intelligence, our team will work with you to construct a program that will improve performance so that you can effectively serve your clients in a way that promotes sustainable business growth. The Highmark Group About Leading Entrepreneurs of the World As part of 1BusinessWorld, Leading Entrepreneurs of the World is one of the largest and most comprehensive entrepreneurial platforms and events in the world and features entrepreneurs, founders and business leaders presenting on cutting-edge topics and the latest industry developments. Leading Entrepreneurs of the World About 1BusinessWorld 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals, and businesses. 1BusinessWorld Contact Details 1BusinessWorld Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

June 03, 2022 01:12 PM Eastern Daylight Time

Image
1 ... 7374757677 ... 148