Dallas (TX), 12 September 2019 – Nexxiot, Europe’s leading enabler of the digitized supply chain, is expanding into the USA. From Dallas, Texas, a newly formed team manages the activities in the United States. The company enables customers to gain digital control over their transport assets and expand their services to shippers. IoT sensors are attached to the transport objects and communicate raw data in real time to the Nexxiot cloud platform. Here, it is processed and analyzed. For increased insights, the company provides a use-case oriented platform that brings transparency beyond track and trace. At the Railway Interchange in Minneapolis Nexxiot will present itself for the first time to US customers.
“Logistic companies in the USA are under enormous pressure to innovate and digitize. We can relieve them of these worries. With our system we not only have the needs of logistics providers in mind, but also help shippers and their customers by digitizing their logistics. Nexxiot acts as a strategic partner and thinks of the supply chain from start to finish and beyond. We develop business cases in close cooperation with clients and obtain an excellent sense of the problems that they are facing and what drives their value”, says Nexxiot CCO Marcel Scheurer.
The Nexxiot solution creates transparency along the supply chain and enables customers to differentiate their own business models. When attached to transport objects, IoT sensors generate data such as location, temperature or shock. They can also act as gateway for additional external sensors. This data is then analyzed by machine learning algorithms. As a result, Nexxiot enables rail car owners and operators to stand out from others in the logistics industry.
B2B sector will adapt to B2C consumer habits
The company aims to digitize the rail freight sector across verticals such as oil & gas, chemicals, automotive, retail and more. Transparency is essential for the optimization of rail transportation:
“I think a lack of control and oversight in rails logistics is no longer necessary today. Soon, the transparency that we are used to in the B2C area will be applied to the B2B sector. Today, when I order something from the internet, I know exactly about its status and whereabouts!” says Marcel Scheurer. “With our software and analytics, we can not only determine where the freight is and whether it will arrive on time. We can also tell if there have been any critical shocks on the way or if theft has occurred”, Scheurer states further.
“Information about the freight’s condition, destination, origin and punctuality can be obtained at any time with Nexxiot. Customers can monitor and optimize their transport flow worldwide by subscribing to specific service packages. These range from maintenance optimization, to fleet management and freight monitoring”, explains Andrew Malakoff, President of Americas at Nexxiot, responsible for the US business.
Open software for different IoT-solutions and existing systems
Nexxiot develops IoT sensors which require no external energy source. Yet, the company’s strength lies in its adaptability to other IoT systems. It thus supports the diversification of the customers’ business. On the hardware side, it can be connected to a multitude of IoT sensors. Just recently, the company started a partnership with sensor provider OnAsset Intelligence. The software can be integrated into existing frontends and transport management systems. Nexxiot also supports its customers with the implementation and commercialization of the new digital products and solutions.
“By leveraging our platform, with business analytics, our customers are able to fully understand the impacts and actions across their supply chain. This crosses several barriers; understanding dwell time, theft en-route, cargo impact, shock pattern analysis, dynamic ETA and ultimately providing the customer with better services”, Malakoff states.
First appearance overseas at Railway Interchange
Nexxiot is ready and well-equipped to expand in the US market. “With our expansion into North America, we want to continue our growth of the past months. In Europe, we are already market leader in connecting rail freight cars. Now we want to convince the large rail freight market in the USA of our services and also enable the digitization of supply chain here”, Marcel Scheurer adds.
From 22nd to 25th September 2019, Nexxiot will present its solution and services at the Railway Interchange in Minneapolis, Minnesota (booth 2926), North America's largest railway exhibition. “We will make the best possible use of the fair to introduce our innovative services. In our opinion, the logistics-savvy audience in Minneapolis is the ideal target for this. Transparency along the supply chain is an important issue for all logistics companies in the USA”, says Andrew Malakoff.
Nexxiot AG, headquartered in Zurich, Switzerland, is a pioneer and industry leader in the development and delivery of digital supply chain management solutions. It is a spin-off of ETH Zurich, one of the world's leading technical universities. Founded in 2015, the company can rely on more than ten years of research in the areas of complex systems, big data algorithms and ultra-low power embedded technology. Three successful investment rounds enable the company to pursue ambitious global expansion plans. In addition to its headquarter in Switzerland, the company has offices in Germany and the USA.
For more information, visit www.nexxiot.com