New solution adds logistics flow optimization to enhance end-to-end value chain reliability, resilience, and sustainability
SAN MARCOS, Calif. – May 8, 2023 – Everstream Analytics, the global supply chain insights and risk analytics company, today at Gartner Supply Chain Symposium 2023, announced the launch of Everstream Connect. Powered by Everstream’s end-to-end supply chain risk management platform, Connect delivers intelligent mapping and visibility into logistic network flows. It provides dynamic risk assessment and analytics, and alerts users to the downstream impacts of upstream risks from extreme weather, labor shortages, strikes, environmental impacts and other potential disruptions to the network.
When combined with Discover — the company’s sub-tier supplier network visualization — and Everstream’s industry-leading risk scores, Connect’s logistics mapping capabilities create the only solution capable of predicting and mitigating risk while uncovering optimization opportunities from procurement through logistics and all stages of planning and execution.
“In the last year alone, we’ve seen catastrophic delays to shipments, as well as shortages of critical materials and components that have threatened the success of countless businesses,” said Julie Gerdeman, Chief Executive Officer, Everstream Analytics. “Collectively, Discover and Connect will provide organizations with visibility into their complete supply chains and the network’s risks and limitations – permitting them to make data driven decisions that mitigate risk, reduce emissions, and enhance resiliency throughout the value chain.”
“Traditional transport management systems (TMS) take an operational point of view and look primarily at logistics on a shipment-by-shipment level,” continued Gerdeman. “Connect compliments a customers’ TMS, enabling a complete contextual understanding of the risk impacting locations, lanes, and related shipments by looking at the network dynamically. This helps to inform short-term planning and longer-term strategic transportation optimizations to lower costs, reduce carbon emissions, and increase supply chain resilience.”
Connect enhances the company’s offering to give shippers, carriers, and ports a 360-degree view of their carbon emission footprint. The platform provides a digital representation of the flow of goods through networks by mapping logistic network flows, identifying risks and limitations impacting the network, and making recommendations to reduce risk. With access to proprietary data, organizations can use Everstream Connect to uncover structural hazards and evaluate downstream impacts of upstream disruptions.
This announcement comes on the heels of Everstream’s $50M Series B funding raise and acquisition of BlueNode. To learn more about Everstream Connect, please visit Everstream Connect – Everstream AI.
About Everstream Analytics
Everstream Analytics sets the global supply chain standard. Through the application of artificial intelligence and predictive analytics to its vast proprietary dataset, Everstream delivers the predictive insights and risk analytics businesses need for a smarter, more autonomous and sustainable supply chain. Everstream’s proven solution integrates with procurement, logistics and business continuity platforms generating the complete information, sharper analysis, and accurate predictions required to turn the supply chain into a business asset. To learn more, visit https://www.everstream.ai/
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