B2B News for Friday, November 19, 2021: New Fulfillment Solution, Construction Projects & Cost Management Issues, More Supply Chain Disruption

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Working in partnership, Project Verte and Manifest Commerce have launched a B2B sustainable fulfilment solution. Manifest offers fulfillment solutions that enable retailers to run high-powered, omnichannel logistics in a sustainable, socially responsible way while Verte’s technology solutions enable real-time supply chain visibility with a data-driven platform that centralizes information to increase transparency into the supply chain. The solution comes just three months after Manifest was launched.

“Customers want to know that their products are sustainably sourced, and this requires companies to gain more visibility into upstream activities. With this partnership, sustainable brands will be able to improve traceability, allowing them to make more eco-friendly and informed decisions. These business improvements also include forecasting the correct amount of product to manufacture (without waste), storing, and shipping,” says Verte’s CGO Yifat Baror.

Press release: https://www.prnewswire.com/news-releases/manifest-commerce-in-partnership-with-project-verte-launches-the-first-sustainable-b2b-fulfillment-solution-for-omnichannel-merchants-301427241.html

Only 68% of construction project managers know if they are making or losing money at any point. That’s according to a new study released by Procore Technologies in partnership with Dodge Data & Analytics this week. The report found owners and contractors in Canada face challenges when it comes to project cost management. With every shifting materials costs, shortages and delivery delays, that is perhaps not a surprise, but the industry has been slow to adopt tech tools that can help.

The report looks at industry’s perception of project cost management and how construction professionals across multiple regions leverage technology to manage costs. Participants included construction owners, general contractors, and subcontractors across Canada, Australia, New Zealand, the United Kingdom and the United States.

“Cost management is one area that has often taken a back seat as construction has become more digitized,” said Jas Saraw, Vice President, Canada, Procore. “Understanding the financial health of your project in real-time can have a significant impact on operations and on the bottom line. This report offers great insight into both the challenges and opportunities for the construction industry, and how technology can play a significant role with project financials.”

Press release: https://www.procore.com/press/new-survey-reveals-challenges-and-opportunities-for-construction-project-cost-management-in-canada

Supply chain disruptions are causing changes to customer behavior. That’s according to Mirakl’s Holiday Shopping Snapshot, a study that covers eCommerce and online marketplaces. While focused on consumer behavior, the study has some profound B2B implications, especially for SCM. 52% of U.S. respondents are shopping for holiday gifts earlier than in 2020 with 40% starting their shopping in October or earlier. 42% of U.S. respondents to the study cited shipping delays as a reason for starting their holiday shopping earlier this year.

Full report: https://www.mirakl.com/mirakl-survey-shows-global-consumers-starting-holiday-shopping-earlier-and-increasing-use-of-online-marketplaces/

Calgary-based mCloud Technologies Corp., a provider of AI-powered asset management and Environmental, Social, and Governance (“ESG”) solutions, has been listed as the 57th fastest-growing company in North America on Deloitte’s Technology Fast 500™ list and #2 on the Deloitte 2021 Canada Clean Technology Fast 50.

The companies are ranked based on revenue growth between 2017 and 2020. mCloud grew 3,106% during that period.

“The rise of digital transformation initiatives to create new efficiencies, and the urgency around ESG issues such as decarbonization and reducing emissions in organizations around the globe have been catalysts for mCloud’s growth,” said Russ McMeekin, mCloud President and CEO.  “Our efforts in Canada implementing our AI-powered AssetCare™ solutions to decarbonize high-risk ESG sectors such as the oil and gas industry have enabled us to expand throughout Europe and the Middle East in our mission to help companies become more sustainable.” 

Press release: https://www.newswire.ca/news-releases/mcloud-technologies-ranked-no-57th-fastest-growing-company-in-north-america-on-the-2021-deloitte-technology-fast-500-866702308.html

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Kate Baggott

Kate Baggott is a former Managing Editor of B2BNN. Her technology and business journalism has appeared in the Technology Review, the Globe and Mail, Canada Computes, the Vancouver Sun and the Bay Street Bull. She is the author of the short story collections Love from Planet Wine Cooler and Dry Stories. Find links to recent articles by following her on LinkedIn https://www.linkedin.com/in/kate-baggott-9a0306/