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Harnessing the Transformative Power of Cold Chain Logistics with SSI Schaefer
SINGAPORE and DUBAI, UAE and RIYADH, Saudi Arabia, Jan. 2, 2024 /PRNewswire/ — As average global temperatures rise and the demand for cold-chain storage grows worldwide, SSI Schaefer, a global leader in intralogistics and automated warehouses, is sharing best practices and key considerations on how logistics and operations managers can optimize efficiency and cost-effectiveness of cold storage warehouses.
To explore SSI Schaefer’s comprehensive, tailored solutions for key upcoming facility projects, please contact its experts at [email protected].
Cold storage warehouse managers — particularly in the food and beverage industries, but also pharmaceutical distribution — are facing the need to efficiently and effectively store, pick, retrieve, pack, and ship perishable and sensitive goods, which require special handling, monitoring, and carefully tuned environmental conditions. Yet they face additional challenges — the cold-chain storage market is expanding, with some reports projecting a CAGR of 9% from 2023 to 2028, meaning that warehouse managers must balance surging demand for cold-stored goods with the increasing need to reduce energy costs and carbon emissions.
“What we are seeing for refrigerated supply chains is this pinch — a need to do ever more with ever less,” notes Carsten Spiegelberg, Managing Director – Middle East & Africa, SSI Schaefer. “To meet the growing complexities of the industry, it’s not enough to find a quick fix. Companies need material flow experts with industry know-how to consider all angles of a facility and seamlessly blend cold-chain logistics solutions with individual processes.”
Cold chain storage solutions
Careful planning is always the first step in optimizing temperature-controlled infrastructure. To increase efficiency and cost-effectiveness of cold storage warehouses, there are several factors to consider from the beginning.
Optimizing air circulation and product storage density
Since different products and comestibles require different storage temperatures, cold storage warehouse temperatures can range from -34°C to 0°C, with some even reaching 21°C. However, there is often a trade-off between storage density and air flow. Selecting the right storage system that enhances the cooled air circulation while increasing the storage density in the given facility footprint is critical in the planning phase.
Semi-automated solutions for cold storage space optimization
Ideal for deep-freeze facilities for bulk storage in the manufacturing sector and delivering maximum space utilization, channel storage setups with semi-automated drive-in racking systems are an accessible step towards automation, offering high throughput, enhanced safety, and reduced time for workers in refrigerated facilities. Capable of following either the Last in-First Out (LIFO) or the First in-Last Out (FIFO) principle, these systems use channel vehicles like SSI Orbiter® and a corresponding docking station to store and retrieve pallets.
Compared to a static, manual pallet rack system, a mobile racking storage system is an effective way to boost storage capacity in a given space — by up to 85%, while maintaining full selectivity typically required in distribution centers. This system involves racks that move along floor rails via electric motors to create an aisle only where needed, and it offers smart lighting that only activates in occupied aisles for reducing energy consumption, as well as a night parking option that optimizes rack spacing for maximal cold air circulation.
Future-ready automation systems for a seamless, cost-optimized cold chain
Due to the need for cold goods to maintain strict timetables and a closed cold chain, storage systems must handle incoming goods efficiently and cope with expected and unexpected upticks in demand. The best way to systematically manage the complexities of cold-chain material flows is with a fully automated storage system that seamlessly interconnects components, such as:
Pallets:
- Automated storage & retrieval systems (ASRSs): The SSI Exyz is an automated high-density storage system with extremely high space utilization, particularly in high-bay warehouses, and it saves 25% of energy compared to conventional machines while functioning across different temperatures.
- Shuttle solutions: As a future-proof, fully automated channel storage option, the SSI Lift & Run Shuttle System (SLR) provides simultaneous access to multiple racks for top-tier performance and high storage density.
Other storage types:
- Shuttle solutions for layer trays: For high-volume picking of goods such as comestibles for shop deliveries, tray shuttles and conveying systems enable fully automated robotic picking or support efficient semi-automatic goods-to-person picking.
- Storage solutions for container, bin and carton loads: For loads of varying dimensions, scalable solutions using SSI Miniload, Flexi Shuttle or Cuby maximize storage density while accommodating specific load and performance requirements to support automatic or semi-automatic case and piece picking.
Platforms for central control of refrigerated facilities
Although there are various warehouse automation technologies that track material flows, issues such as coordinating multiple systems often arise and there is a clear need for centralized monitoring and control — particularly with the complexities of refrigerated facilities. To tie all aspects of a cold storage warehouse together, end-to-end software such as WAMAS® or SAP EWM (Extended Warehouse Management) offer clear visualizations and comprehensive tools to manage processes, resources, and stock levels.
Company Profile SSI Schaefer Group
The SSI Schaefer Group is a leading global solution provider for all areas of intralogistics. With innovative technologies and software, the company empowers small to medium-sized enterprises as well as large companies to increase the efficiency and sustainability of their storage, picking, and transport processes — offering complete solutions spanning fully automated warehouses with tailored service and maintenance packages, to robotics and automated guided vehicles, to manual and semi-automatic systems such as workstations, racks, and containers.
For further information: https://www.ssi-schaefer.com/en-sg
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View original content:https://www.prnewswire.co.uk/news-releases/harnessing-the-transformative-power-of-cold-chain-logistics-with-ssi-schaefer-302024393.html
Fintech PR
Ethara: EMIRATI SISTERS AMNA AND HAMDA AL QUBAISI RETURN TO YAS MARINA CIRCUIT FOR F1 ACADEMY SEASON FINALE
The single-seater all-female championship series, Formula 1 Academy, wraps up an exciting season of racing at Yas Marina Circuit, supporting the Formula 1 season finale from 5-8 December
Ambassadors of Abu-Dhabi based team, Yas Heat Racing, Hamda and Amna will race at home with Red Bull Racing and Visa Cash App RB – capping off their second season in the championship
ABU DHABI, UAE, Dec. 6, 2024 /PRNewswire/ — In their second season competing in F1 Academy, the prestigious single-seater support series, Hamda and Amna Al Qubaisi have taken their racing careers to new heights. From 6-8 December, the two young Emirati drivers return to Yas Marina Circuit, where they first developed and honed their skills, to conclude an exhilarating season of on-track action.
Having cultivated their passion for racing in Abu Dhabi, the sisters flourished into competitive athletes under the Yas Heat Academy umbrella, the capital’s premier racing development programme. Now competing for two of the championship’s most competitive teams and serving as ambassadors for Yas Heat Racing, Amna and Hamda Al Qubaisi continue to embody the nation’s vision of nurturing young talent at the grassroots level.
Hamda Al Qubaisi was signed by Red Bull Racing for the team’s debut season in F1 Academy. The 22-year-old has delivered standout performances throughout the campaign, culminating in a strong showing at the penultimate race of the 2024 season in Doha last weekend going into the last round in 6th place.
Meanwhile, Amna Al Qubaisi is driving for Visa Cash App Racing in the championship. The 24-year-old Emirati trailblazer has impressed fans and competitors alike, consistently showcasing her skill and determination on the track.
Looking ahead to their return to Yas Marina Circuit, Amna Al Qubaisi shared her excitement:
“I’ve been racing for 10 years now, I started in karting here at Yas Marina circuit, and I slowly developed from karting nationally, moving up to juniors, then seniors, and the next step was Formula 4. Being a Yas Heat ambassador has been great. Yas Heat has helped me develop my skills. They have taught me, coached me, provided me with the the appropriate insights. It is a program that is going to help young racers in karting move up the ladder.”
Red Bull Racing driver Hamda Al Qubaisi added: “Racing at Yas Marina Circuit is both nostalgic and empowering for us as Emirati women. Representing the UAE and Yas Heat Racing on a global stage has been an incredible opportunity, and we look forward to finishing the season on a high note by giving all we can for our teams, surrounded by friends and family.”
Formula 1 Academy joins a packed racing programme at Yas Marina Circuit during the 2024 Abu Dhabi Grand Prix weekend, which also features the FIA Formula 2 season finale and the FIA Formula 4 Middle East Trophy Round. Offering non-stop entertainment, the Abu Dhabi GP weekend kicks off on Thursday, 4 December, promising an unforgettable four-day celebration on Yas Island.
For more information, please visit: https://www.yasmarinacircuit.com/en/motorsports/yas-heat-racing
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View original content:https://www.prnewswire.co.uk/news-releases/ethara-emirati-sisters-amna-and-hamda-al-qubaisi-return-to-yas-marina-circuit-for-f1-academy-season-finale-302325112.html
ZUG, Switzerland, Dec. 6, 2024 /PRNewswire/ — The Hashgraph Association (THA), a Swiss innovation leader at the forefront of empowering a digital future for all, has committed $1.5 million to the Global Centre for Sustainable Digital Finance as a founding member. This collaboration aims to drive and fund groundbreaking research and innovation at the intersection of sustainability and digital finance.
The Global Centre for Sustainable Digital Finance, which brings together academic experts from Stanford University, the University of Zurich (UZH), and the Korea Advanced Institute of Science & Technology (KAIST) in South Korea, focuses on developing and accelerating research in sustainable digital finance with impact and training students and practitioners to foster innovation on a global scale. With THA’s committed funding, the Centre will expand its efforts to address global challenges in banking, ESG, financial inclusion, and climate finance.
The Hashgraph Association’s involvement extends beyond just funding. The organization will collaborate with the Centre to conceptualize and implement projects leveraging its cutting-edge Hedera DLT platform. Additionally, THA will equip 360 students annually with skills in mastering DLT using the Hedera Hashgraph platform, with over 2,160 students to be trained over the duration of the partnership, which is 6 years. It will also train 10 trainers equivalent to 60 trainers over this period. Participants will receive Hedera certifications in the form of NFTs (Non-Fungible Tokens), adding a digital-first dimension to credentialing.
Kamal Youssefi, President of The Hashgraph Association, stated, “At The Hashgraph Association, we are proud to continue supporting organizations that deliver environmentally sustainable finance solutions in an innovative and compliant way. A recent environmental impact study by University College London (UCL) comparing different distributed ledger networks proved that Hedera is the world’s most sustainable network. The Global Center for Sustainable Digital Finance fits perfectly into our Hedera Enablement Program, furthering THA’s efforts to expand research and development in Web3 and support sustainable initiatives.”
A recent survey of 37 UNDP country offices revealed that sustainable digital finance is a priority for many nations, yet only 40% have a digital finance strategy. THA’s partnership with the Global Centre for Sustainable Digital Finance aims to fill this gap by bridging digital finance and sustainability through innovative, education, impactful research and implementation.
Thomas Puschmann, Founder and Executive Director of Global Center for Sustainable Digital Finance, states, “We are very pleased to be working with The Hashgraph Association. Sustainable digital finance has the potential to build inclusive, safe digital foundations, and technologies such as DLT, AI, and IoT, helping to increase transparency and reliability of information, especially in the climate financing domain. These foundations also aid in tackling corruption issues when funding SDG (Sustainable Development Goals) projects.”
The Hashgraph Association launched a $50 million Sustainability Venture Studio for enterprises earlier this year and has also partnered with Deloitte to enhance the verification of corporate ESG impact, reporting, and sustainability claims, leveraging the Hedera Guardian as the trusted balance sheet of the earth. Collaborating with Deloitte NL Risk Advisory B.V. in the Netherlands, this partnership focuses on enabling corporations to measure, track, report, and tokenize evidence-based ESG impact and sustainability claims on Hedera and ensuring a carbon-neutral future.
Kamal Youssefi, President of The Hashgraph Association is available for an interview upon request
About Global Center for Sustainable Finance
The financial system is currently being transformed by digitization and sustainability. However, existing knowledge on the topic of Sustainable Digital Finance, which bridges both areas, is still rare and a more comprehensive understanding of the domain is a missing component. The Global Center for Sustainable Digital Finance focuses on this domain and aims to develop innovative approaches (research), accelerate those approaches (impact), and train students and practitioners to foster innovation on a global scale (education).
About The Hashgraph Association
The Hashgraph Association is at the forefront of the digital enablement and empowerment of organizations through the broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications, which includes supporting and funding of training, innovation, and venture-building programs globally. As a non-profit organization headquartered in Switzerland, The Hashgraph Association provides funding for innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact.
Photo – https://mma.prnewswire.com/media/2573640/THA_sustainable_digital_finance.jpg
For Media Enquiries:
Dustin Rotenberg, Chief Marketing Officer
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/the-hashgraph-association-pledges-1-5m-to-global-centre-for-sustainable-digital-finance-302325106.html
Fintech PR
Thomson Reuters named a Leader in 2024 IDC MarketScape for Worldwide SaaS and Cloud-enabled Sales and Use Tax Automation Software for Enterprise
TORONTO, Dec. 6, 2024 /PRNewswire/ — Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today announced that it has been positioned as a Leader in two IDC MarketScape reports – IDC MarketScape: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use Tax Automation Software for Enterprise 2024 Vendor Assessment (doc #US52035324, December 2024), and IDC MarketScape: Worldwide Value-Added Tax Management Applications 2024 Vendor Assessment (doc #US52732824, December 2024).
“In today’s rapidly evolving global marketplace, tax compliance has become increasingly complex for multinational corporations. At Thomson Reuters, we’re committed to empowering our customers with cutting-edge technology that not only ensures compliance but also enhances their competitive edge,” said Ray Grove, head of Corporate Tax and Trade at Thomson Reuters.
“We believe our recognition as a Leader in both the enterprise SUT and VAT markets in this IDC MarketScape underscores our unwavering dedication to our customers’ success. Through our trusted ONESOURCE solutions, serving over 205 countries and territories, we continue to push the boundaries of innovation. Our vision is to create a seamlessly connected suite of global indirect tax calculation, reporting, and e-invoicing capabilities, providing best-in-class technology to enable our customers to navigate the complexities of tax compliance with confidence and agility.”
“Businesses of all sizes are grappling with an increasingly complex tax landscape, and they are turning to technology vendors for sophisticated tax automation solutions that seamlessly integrate, ensure compliance, and boost operational efficiency,” said Kevin Permenter, research manager at IDC. “Thomson Reuters has consistently demonstrated its commitment to innovation and customer success in the SaaS and cloud-enabled Value-Added Tax automation software market. Their ONESOURCE platform stands out for its comprehensive global coverage, robust integration capabilities, and advanced features powered by edge computing and AI. They are positioned well to address the evolving needs of businesses facing intricate tax compliance challenges across multiple jurisdictions.”
Pagero, part of Thomson Reuters, was also recently named a Leader in the IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment (doc #EUR151806424, September 2024). As a key part of Thomson Reuters e-invoicing offering, ONESOURCE Pagero supports businesses to accelerate growth with trusted, automated e-invoicing software that streamlines global compliance processes to unlock valuable business insights.
Thomson Reuters ONESOURCE offers comprehensive tax compliance solutions, including automated tax return preparation and filing for Sales and Use Tax and VAT. It integrates with major ERPs and provides tax determination and calculation for all transactions. ONESOURCE also features edge computing for faster, more controlled tax calculations. Recently, Thomson Reuters launched ONESOURCE with CoCounsel globally, integrating generative AI assistance. This enhanced solution combines a new AI Product Support skill with CoCounsel, Thomson Reuters professional-grade generative AI assistant that provides instant, natural-language answers drawn from Thomson Reuters trusted, proprietary content.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
Thomson Reuters
Thomson Reuters (NYSE / TSX: TRI) (“TR”) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.
Media contact
Kirsty Bennett
Director, Customer and Product PR
[email protected]
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