Columbia Capital has made an equity commitment of $21 million into Deutsche Post DHL Group’s cloud-based supply chain risk management solution, Resilience360.
The Washington DC-based venture capital group will take an active role in growing the R360 platform, which allows businesses to visualise, track and manage risk in their global end-to-end supply chain operations.
Resilience360 will remain an integral part of the DHL service offering and continue to cooperate closely with the different DHL business units.
DHL chief commercial officer, Katja Busch says: “Supply chain risk management is more important than ever to our customers and aiding global supply chains to be more resilient is a critical part of our business. The investment reflects our commitment to helping the industry manage risks beyond the DHL network.”
Columbia Capital partner, John Siegel says: “Supply chain technology and analytics have huge potential to increase supply chain efficiency and create value. We spent significant time meeting with many companies that are addressing this opportunity and believe that Resilience360 has very unique capabilities and potential.”
The investment is being made through holding company Rising Tide Digital, led by chairman David Northington, CEO David Shillingford and CFO/COO Chris Arroyo.
Tobias Larsson will continue to lead Resilience360 as CEO, and he says: “We will be able to apply more advanced analytics to the vast quantities of data that Resilience360 now collects to develop predictive and proscriptive insights that will help customers achieve faster and more accurate decision making in their supply chains and better prepare and respond to potential disruptions.”
The Resilience360 platform alerts customers about supply chain incidents global and risks to their global supply chain in almost real time.
Businesses can visualise their supply chains and use machine learning to detect early warning of incidents that can disrupt their supply chain, allowing customers to pre-emptively respond and minimise business interruption.