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Cision Canada
07-07-2025
- Business
- Cision Canada
Fictiv Receives Frost & Sullivan's 2025 Global Supply Chain for Custom Mechanicals Technology Innovation Leadership Recognition
Recognized for its innovative approach to global supply chain orchestration, delivering customer value and enabling sustainable growth potential across the custom mechanicals sector SAN ANTONIO, July 7, 2025 /CNW/ -- Frost & Sullivan is pleased to announce that Fictiv, a global manufacturing and supply chain company, has received the 2025 Global Supply Chain for Custom Mechanicals Technology Innovation Leadership Recognition for its outstanding achievements in technology innovation, digital orchestration, and customer value creation. Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Fictiv excelled in both, demonstrating its ability to align strategic initiatives with customer and market needs while executing with precision, agility, and global consistency. This recognition also highlights Fictiv's consistent leadership in delivering scalable, technology-enabled solutions that strengthen global manufacturing networks and advance supply chain resilience in a dynamic, digitally transforming industry. "A key differentiator for Fictiv is its team of experts across regions with local expertise, supplier oversight, quality assurance, and regional compliance—all in one seamless experience," says Sankara Narayanan, Industry Director at Frost & Sullivan. "Despite the shift towards digitization, the supply chain industry needs to rely on human capital, and Fictiv makes sure to back up its advanced technology with a highly experienced team of experts." Long-Term Growth & Innovation Guided by a long-term growth strategy anchored in digital infrastructure, supply chain optimization, and customer-centric innovation, Fictiv has demonstrated an exceptional ability to adapt and lead in a rapidly evolving landscape. The company's investment in integrated enterprise software, AI-driven automation, and strategic talent deployment has enabled it to scale across complex, globally distributed markets, ensuring fast, flexible, and transparent delivery of custom mechanical parts to enterprise customers. Innovation remains central to Fictiv's approach. Its digital platform orchestrates every aspect of the custom manufacturing supply chain—from design guidance to quoting and material sourcing to quality assurance, BOM support, and global fulfillment. Fictiv empowers innovators to move rapidly from prototyping to full-scale production while enhancing supply chain resilience and agility. This recognition also reflects the transformative impact of Fictiv's integration with the MISUMI Group, creating a unified global solution that represents the future of both custom and standard mechanicals. By combining Fictiv's advanced digital orchestration platform with MISUMI's unmatched catalog of configurable components, 22 manufacturing sites, 20 logistics centers, and 66 sales offices worldwide, the partnership delivers a seamless, single-source experience for sourcing mechanical parts at scale. With joint manufacturing hubs across India, Mexico, China, and the U.S., the combined solution enables faster product development, simplified logistics, and greater supply chain resilience. Together, Fictiv and MISUMI are redefining global supply chains—delivering the precision, speed, and flexibility today's innovators demand. "We're honored by this recognition and believe it's a testament to our commitment to simplify sourcing for our global customers," says Dave Evans, Fictiv Co-Founder and CEO. "It's an honor to work with today's greatest innovators who are building the next satellites, robotics, medical devices, clean energy solutions, and electric vehicles." Commitment to Customers Fictiv's unwavering commitment to customer experience further strengthens its leadership position in the market. The company delivers end-to-end transparency and control through real-time visibility while embedding regional support and engineering expertise at every stage. Its supply chain solutions address manufacturing planning, capacity constraints, and engineering-grade material availability, easing bottlenecks and accelerating time-to-market for complex mechanical components. Frost & Sullivan commends Fictiv for setting a high standard in competitive strategy, execution, and market responsiveness. The company's customer-first culture, enterprise-class program management, and robust innovation are transforming the future of the global supply chain for custom mechanicals—delivering measurable outcomes and enabling customers to scale innovation with confidence. Each year, Frost & Sullivan presents the Global Supply Chain for Custom Mechanicals Technology Innovation Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in technology, customer satisfaction, and competitive positioning. It recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence. Frost & Sullivan Best Practices Recognitions honor companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact: E: [email protected] About Fictiv Fictiv, part of the MISUMI Group, is a global manufacturing and supply chain company that enables organizations to scale globally without the typical barriers of cost, complexity, and risk. By leveraging Fictiv's four global manufacturing centers in India, Mexico, China, and the U.S., companies can access high-quality production, optimize supply chain logistics, and mitigate supply chain risk—ensuring they can move from prototype to full-scale manufacturing with speed and confidence. To date, Fictiv has delivered more than 35 million commercial and prototype parts for early-stage companies and large enterprises alike, helping them innovate faster, free up precious resources, and drive profitable growth.
Associated Press
04-07-2025
- Business
- Associated Press
Smart City, Smart People, Smart Planet: Transforming Global Supply Chain Culture
Los Angeles, CA July 04, 2025 --( )-- The USC Marshall Randall R. Kendrick Global Supply Chain Institute invites you to the 13th Annual Global Supply Chain Excellence Summit on August 14 & 15, 2025, at the Marriott Long Beach Downtown. Recognized as one of the top supply chain events in the country, this two-day summit will bring together visionary thought leaders, senior executives from Fortune 500 companies, and innovators committed to shaping the future of global supply chains. With this year's theme, 'Smart City, Smart People, Smart Planet: Transforming Global Supply Chain Culture,' the 13th GSC Summit will explore advanced technologies and sustainability in driving meaningful change across the industry. Attendees will engage in dynamic panel sessions, gain invaluable insights into evolving trends, and connect with key players in the supply chain field. Featured Keynote Speakers include Sanjay Shah, EVP, Chief Supply Chain Officer of Starbucks, Bank of America's Head of Global Economics Research, Claudio Irigoyen, Gene Seroka, Executive Director of Port of Los Angeles, and Dr. Noel Hacegaba, Chief Operating Officer of Port of Long Beach. From groundbreaking strategies to port outlooks on the West Coast, the 13th GSC Summit is a great platform to address the challenges and opportunities shaping today's supply chain landscape. Network with top executives, influential thought leaders, and supply chain experts, gain actionable insights into cutting-edge technologies and strategies and explore how sustainability and innovative solutions are transforming the industry. The 13th GSC Summit celebrates excellence in the global supply chain industry with its renowned Annual Global Supply Chain Excellence Awards. These prestigious awards highlight visionary leaders and organizations that have made remarkable contributions to advancing and transforming the supply chain industry. The 13th GSC Summit is supported by our valued industry partners. Title Sponsors Port of Los Angeles Port of Long Beach Niagara Water Xebec Realty Diamond Sponsors Bank of America Freight Right Maersk Plug and Play City of Long Beach Silver Sponsors Advatix BestBay NNR Pluto7 Rohlig Sunstone Management, Inc. The Pasha Group World Trade Center Long Beach Friends & Supporters Planet Security Inc. USC Credit Union USC Hotel Walmart For more information, visit: Contact Information: USC Marshall Randall R. Kendrick Global Supply Chain Institute Marvi-Anne Epstein 626-429-3263 Contact via Email Read the full story here: Smart City, Smart People, Smart Planet: Transforming Global Supply Chain Culture Press Release Distributed by
AU Financial Review
09-06-2025
- Business
- AU Financial Review
Australian firms cash in on Europe's security crisis
Australian defence contractors are flocking to the United Kingdom and Europe for growth opportunities, hoping to grab a slice of billions of pounds and euros being pumped into building up their militaries in the face of Russian aggression and demands from US President Donald Trump. Since January 2022 – a month before Russia re-invaded Ukraine, triggering the Continent's arms race – 55 Australian defence suppliers have been awarded 277 contracts under the Defence Department's Global Supply Chain program, official figures obtained by The Australian Financial Review showed.
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Business Standard
21-05-2025
- Health
- Business Standard
New WHO agreement on pandemic response: What's it is and what it will do
With lessons from Covid-19, WHO members back treaty to improve equity, vaccine access, and emergency coordination during future outbreaks Barkha Mathur New Delhi World Health Organization (WHO) member states have adopted a landmark agreement aimed at addressing the gaps exposed during the Covid-19 pandemic. The WHO Pandemic Agreement is designed to ensure faster, fairer and more coordinated global responses during future health emergencies. What is the WHO Pandemic Agreement? The WHO Pandemic Agreement is the first legally binding international accord to comprehensively address pandemic prevention, preparedness, and response. Adopted under Article 19 of the WHO Constitution, it promotes data sharing, equitable access to resources and greater cooperation between countries during health crises. The agreement text states that member countries recognise 'that the international spread of disease is a global threat… that calls for the widest possible international and regional collaboration… while reaffirming the principle of the sovereignty of States in addressing public health matters.' What are the goals of the WHO pandemic treaty? The agreement outlines five primary objectives: Ensure equitable access to pandemic-related vaccines, treatments, and diagnostics Strengthen collaboration through data and pathogen sharing Support resilient health systems, especially in low-resource settings Promote knowledge and technology transfer for local production Establish sustainable funding mechanisms for rapid response How will countries benefit from the pandemic agreement? Countries that sign and ratify the agreement will be entitled to: Rapid access to 20 per cent of global pandemic-related health product output — 10 per cent as donations, 10 per cent at affordable prices A Global Supply Chain and Logistics Network (GSCL) for fair resource distribution A coordinated financial mechanism for emergency response from day one of a pandemic Access to shared technologies and production knowledge, especially in developing countries What is the WHO Pathogen Access and Benefit-Sharing System (PABS)? The Pathogen Access and Benefit-Sharing System (PABS), still under negotiation, will govern how countries share biological materials and genome sequences and ensure fair return benefits like vaccines and diagnostics. The PABS annex will be finalised for consideration at the 2026 World Health Assembly. The treaty also adopts a 'One Health' approach, acknowledging the link between human, animal and environmental health. What happens next? The agreement is now open for signature and ratification. It will become binding once ratified by 60 countries. Member states are expected to: Begin aligning national laws with the agreement Engage in the development of the PABS annex Support WHO-led efforts to strengthen health systems, particularly in developing nations Consider early ratification to expedite the treaty's entry into force How will the agreement promote equity in vaccine distribution? The agreement directly addresses vaccine inequity, a major issue during the Covid-19 pandemic. Pharmaceutical manufacturers will be required to reserve: 10 per cent of production for WHO-led donations 10 per cent at reduced prices for distribution to low-income nations The agreement also discourages vaccine hoarding and promotes timely and transparent supply allocation to vulnerable populations. What did WHO say about the significance of the treaty? 'The world is safer today thanks to the leadership, collaboration and commitment of our Member States to adopt the historic WHO Pandemic Agreement,' said WHO Director-General Dr Tedros Adhanom Ghebreyesus in a statement. He added: 'The Agreement is a victory for public health, science and multilateral action. It will ensure we, collectively, can better protect the world from future pandemic threats. It is also a recognition by the international community that our citizens, societies and economies must not be left vulnerable to again suffer losses like those endured during Covid-19.'
Associated Press
15-05-2025
- Business
- Associated Press
ITS Logistics May Port Rail Ramp Index: Heavy Import Volumes and Pent-up Demand from China Set to Pull Forward Peak Retail Season and Cause Transportation Challenges for U.S.
RENO, Nev., May 15, 2025 (GLOBE NEWSWIRE) -- ITS Logistics today released the May forecast for the ITS Logistics US Port/Rail Ramp Freight Index. This month's index confirmed the previous projections of a steep import drop-off following tariff increases on Chinese goods. In addition, rail ramps in key regions are experiencing operational stress as shippers redirect front-loaded inventory to interior point intermodal (IPI) routing, all while cargo theft at rail interchange points shows distressing trends for shippers and providers in 2025. On Monday, trade officials announced that the U.S. and China agreed to a temporary tariff reduction, with the U.S. lowering tariffs from 145% to 30% and China lowering its tariffs on U.S. goods to 10% from 125%. With the new rates officially in place for the next 90 days, shippers are eager to restart imports, replenish inventories, and prepare for upcoming holiday seasons. The sudden surge in demand and uncertainty surrounding long-term availability of Chinese imports has the potential to spur another frontloading event that drives an early start to peak season for businesses in key industries like retail. 'I have clients with thousands of containers pre-loaded in China that is ready to come in,' said Paul Brashier, Vice President of Global Supply Chain at ITS Logistics. Over the next four to six weeks, Brashier says he expects a surge of containers, calling the 90-day pause 'the pivotal moment for supply chain planning out of China.' Brashier continued, 'Shippers should be prepared to increase trucking and equipment capacity immediately to ensure they can withstand volatility and get their goods to market on time.' Adding to emerging market challenges, industry experts are reporting a surge in cargo theft. Criminal networks in the U.S. and internationally are exploiting weaknesses in current supply chain systems, as well as technology intended to improve overall efficiency, to steal freight. CNBC recently reported industry-wide losses estimated to be close to $1 billion or more a year. A leader in fraud prevention solutions, Highway, cited in its quarterly Freight Fraud Index that the company blocked more than 914,000 fraud attempts in 2024, and over 400,000 were blocked in Q1 of 2025 alone. Additionally, the Association of American Railroads (AAR) data showed a 40% year-over-year increase in container theft incidents in 2024. In the months preceding the April tariff announcement, shippers turned to IPI to move front-loaded goods away from congested ports — only to create new chokepoints at inland rail ramps, where cargo theft is now surging. This is occurring as industry stakeholders demand federal intervention as the current freight fraud crisis escalates, leaving vulnerable supply chains at risk. 'Using IPI offers more storage elasticity and allows shippers to avoid 3PL storage fees on front-loaded inventories,' Brashier explained. 'However, chassis availability and congested ramp operations are becoming more frequent, and theft at interchanges between rail providers is a serious ongoing concern.' Amid industry professionals seeking ways to best navigate the current supply chain disruptions, ITS advises companies to prepare for an early kick-off to peak season that lasts through Q3. Additionally, as the supply chain industry enters Q4, tax policy, deregulation, and federal reserve policy could spur economic growth that drives higher year-over-year (YOY) volumes. ITS Logistics offers a full suite of network transportation solutions across North America and distribution and fulfillment services to 95% of the U.S. population within two days. These services include drayage and intermodal in 22 coastal ports and 30 rail ramps, a full suite of asset and asset-lite transportation solutions, omnichannel distribution and fulfillment, LTL, and outbound small parcel. The ITS Logistics US Port/Rail Ramp Freight Index forecasts port container and dray operations for the Pacific, Atlantic, and Gulf regions. Ocean and domestic container rail ramp operations are also highlighted in the index for both the West Inland and East Inland regions. Visit here for a full comprehensive copy of the index with expected forecasts for the U.S. port and rail ramps. About ITS Logistics ITS Logistics is one of North America's fastest-growing, asset-based modern 3PLs, providing solutions for the industry's most complicated supply chain challenges. With a people-first culture committed to excellence, the company relentlessly strives to deliver unmatched value through best-in-class service, expertise, and innovation. The ITS Logistics portfolio features North America's #18 asset-lite freight brokerage, the #12 drayage and intermodal solution, an asset-based dedicated fleet, an innovative cloud-based technology ecosystem, and a nationwide distribution and fulfillment network. Media Contact Amber Good LeadCoverage [email protected] A photo accompanying this announcement is available at
