$600m submitted on DP World Trade Finance platform

Efforts to close the $1.7tn annual global trade finance gap are gaining traction, especially in the small-to-medium-enterprise (SME) sector, with DP World announcing that its platform has received requests for more than $600m in credit limits.

DP World Trade Finance offers businesses of every size a quick and simple route to secure the capital they need to trade in global markets. The aim is to bridge the $1.7tn of trade finance gap that exists, stemming from struggles that many business face in securing the upfront funds required to move cargo.

Since its launch in July 2021, DP World Trade Finance has generated over $600m in credit limit submissions by facilitating a streamlined connection between SMEs and financial institutions on its trade finance platform. The platform has registered over 56,000 global clients from more than 50 countries around the world to provide them with affordable access to trade finance.

The latest financial institution to join the platform is India Factoring and Finance Solutions Pvt. Ltd, a leading, independent provider of specialised trade finance products in India. The company will now be able to use the DP World Trade Finance platform to lend with confidence and help companies access the capital they need to trade efficiently.

Sinan Ozcan, Senior Executive Officer of DP World Financial Services, outlined the importance of Trade Finance in DP World’s efforts to enable world trade: “DP World’s extensive outreach to businesses across the globe, visibility on trade data and control over cargo help financiers connect with businesses, identify risks, build confidence and provide credit, while businesses gain access to affordable and innovative financing options to grow their business.

“So far, we’ve onboarded 20 financial institutions onto the platform, covering 80 countries total, and the registration process for new clients is less than five minutes. By enabling more business through finance, we can support growth and generate greater value for all of our partners and customers.”

Ravi Valecha, CEO of India Factoring and Finance Solutions Pvt. Ltd, said: “As a leader in worldwide smart end-to-end supply chain logistics, DP World handles over 10% of global container traffic and has terminals in countries across the world. Being part of trade finance is a natural extension for them and India Factoring and Finance Solutions Pvt. Ltd. is glad to be associated to be part of their cross border trade finance solutions – a natural extension as a leader in India’s cross border factoring space.”

Many SMEs have their finance applications rejected every year when they are unable to provide the credit history along with additional trade data that financiers routinely require for credit approvals. These are businesses who buy, sell, import and export goods around the world, meaning a vast amount of trade is being lost. Fundamentally, the level of access to trade finance is critical not only to the survival and growth of exporters, importers and logistics companies, but to the growth of economies as a whole.

TeamViewer digitalises semiconductor manufacturer‘s warehouse operations

TeamViewer, a leading global provider of remote connectivity and workplace digitalisation solutions, recently announced that the global semiconductor manufacturer GlobalFoundries (GF) has deployed TeamViewer’s Augmented Reality (AR) platform Frontline to digitally transform its warehouse operations at its facility in Dresden, the largest semiconductor plant in Europe.

Among the major benefits that GF achieved through the implementation of TeamViewer’s solution is an up to 25% faster execution of warehouse processes, better employee ergonomics, a picking error rate close to zero and a reduction in waste of around 100,000 paper sheets per year.

Kevin Hidalgo, Senior Director of Logistics at GF, said: “At GF, we always strive to improve our operational efficiencies to better fulfil our customers’ needs. When looking for a solution to digitally transform and improve our warehouse operations, we found that an Augmented Reality based solution could really make a difference for us. Now, with the roll-out of TeamViewer Frontline, we were able to take efficiency, accuracy and sustainability of warehouse logistics to a whole new level.”

TeamViewer connects workers

Jan Junker, Executive Vice President Solution Sales & Delivery, commented: “Around 80% of the global workforce is not working at a desk, but in manufacturing, production, logistics or field service. With our AR solutions, enterprises have the first-time opportunity to also digitalise the tasks and processes from these areas and seamlessly connect the workers to the company’s existing digital infrastructure. The benefits that GlobalFoundries achieved in such short time speak for themselves.”

At the GF warehouse, the software guides the warehouse workers through the picking process with clear step-by-step instructions, displayed on the smart glasses directly in their field of view. Together with the integrated voice control, it provides 100% hands-free information to the workers, completely replacing the former paper-based process.

The end-to-end implementation of TeamViewer Frontline in the warehouse of GF’s Dresden facility was completed in only 10 weeks. TeamViewer is working closely with GF to identify other opportunities to use the solution and is exploring use cases beyond vision picking.

TeamViewer digitalises semiconductor manufacturer‘s warehouse operations

TeamViewer, a leading global provider of remote connectivity and workplace digitalisation solutions, recently announced that the global semiconductor manufacturer GlobalFoundries (GF) has deployed TeamViewer’s Augmented Reality (AR) platform Frontline to digitally transform its warehouse operations at its facility in Dresden, the largest semiconductor plant in Europe.

Among the major benefits that GF achieved through the implementation of TeamViewer’s solution is an up to 25% faster execution of warehouse processes, better employee ergonomics, a picking error rate close to zero and a reduction in waste of around 100,000 paper sheets per year.

Kevin Hidalgo, Senior Director of Logistics at GF, said: “At GF, we always strive to improve our operational efficiencies to better fulfil our customers’ needs. When looking for a solution to digitally transform and improve our warehouse operations, we found that an Augmented Reality based solution could really make a difference for us. Now, with the roll-out of TeamViewer Frontline, we were able to take efficiency, accuracy and sustainability of warehouse logistics to a whole new level.”

TeamViewer connects workers

Jan Junker, Executive Vice President Solution Sales & Delivery, commented: “Around 80% of the global workforce is not working at a desk, but in manufacturing, production, logistics or field service. With our AR solutions, enterprises have the first-time opportunity to also digitalise the tasks and processes from these areas and seamlessly connect the workers to the company’s existing digital infrastructure. The benefits that GlobalFoundries achieved in such short time speak for themselves.”

At the GF warehouse, the software guides the warehouse workers through the picking process with clear step-by-step instructions, displayed on the smart glasses directly in their field of view. Together with the integrated voice control, it provides 100% hands-free information to the workers, completely replacing the former paper-based process.

The end-to-end implementation of TeamViewer Frontline in the warehouse of GF’s Dresden facility was completed in only 10 weeks. TeamViewer is working closely with GF to identify other opportunities to use the solution and is exploring use cases beyond vision picking.

Wireless Charging Wisdom

A new wireless charging system for e-vehicles such as AGVs and AMRs follows the maxim: ‘Charge Wisely, Charge Wirelessly’

As it opens a brand new EMEA office in Helmond, the Netherlands, Delta, a global provider of power and thermal management solutions, has introduced the brand new Wireless Charging System MOOVair Series – an innovative industrial charging solution for automated electric-driven vehicles. The newly presented MOOVair 1 kW Wireless Charging System offers up to 1 kW contactless, high efficient charging for all types of 24 V / 48 V batteries, and is suitable for automated e-vehicles that require a frequent battery charge.

Alistair Coltart, Line of Business Head for Industrial Battery Charging Solutions, said: “Driven by the growing trend of automation and digitalization within industrial applications, the usage of electric driven, battery powered autonomous vehicles is heavily increasing. This trend is requiring an automated, highly efficient and reliable battery charging process, which can be 100% supported by wireless charging technology. With decades of experience in electric and electronic technology development, Delta is ready to help our customers on this. Our new product, the MOOVair Series, supports safe, smart, wireless charging in order to enable fully automated, unmanned operation for your AGVs, AMRs, and e-vehicles in factories or other application fields.”

The 1 kW Wireless Charging System features a 1,000 W output, peak efficiency of 93%, and power transmitted over a gap of up to 20 mm. It is made of two parts: a transmitter connected to the AC supply as primary charging unit and an onboard charging unit connected to the battery. The onboard charging unit is available in versions suitable for 24 V or 48 V batteries, and multiple onboard units of either variant can share one transmitter pad saving space and cost. The onboard charging unit is compact (168 x 82 x 28 mm) and lightweight (1.5 kg, onboard charging pad included), making it simple to place inside even small e-vehicles. With the charging pads protected against water and dust to IP65, and a robust design for shock and vibration, the MOOVair Series has reliable performance even in harsh industrial environments.

Technical service

Another highlighted feature of the MOOVair Series is the choice to charge either by inbuilt profiles covering a range of batteries (bespoke profiles available on request) or by CAN bus control. With no cable, no connector wear, no maintenance downtime, smart communication and remote management, the 1 kW Wireless Charging System MOOVair truly realizes smart, automatic 24/7 operation for industrial electric vehicles manufacturers, including AGV and AMR, battery manufacturers, system integrators, industrial automation planners and solution providers.

Delta has inaugurated a new facility at the Automotive Campus in Helmond, near Eindhoven, the Netherlands to support the expansion of its industrial automation, industrial power supply and automotive business development, product testing and technical service in Europe, the Middle East & Africa (EMEA). Through the implementation of Delta’s smart energy-saving solutions and innovative eco-friendly design, the new 4,055-square metre facility is expected to consume 56.84% less electricity than traditional buildings annually. The Delta Helmond office will eventually house over 150 employees and further cement Delta’s leading capabilities for e-mobility.

Wireless Charging Wisdom

A new wireless charging system for e-vehicles such as AGVs and AMRs follows the maxim: ‘Charge Wisely, Charge Wirelessly’

As it opens a brand new EMEA office in Helmond, the Netherlands, Delta, a global provider of power and thermal management solutions, has introduced the brand new Wireless Charging System MOOVair Series – an innovative industrial charging solution for automated electric-driven vehicles. The newly presented MOOVair 1 kW Wireless Charging System offers up to 1 kW contactless, high efficient charging for all types of 24 V / 48 V batteries, and is suitable for automated e-vehicles that require a frequent battery charge.

Alistair Coltart, Line of Business Head for Industrial Battery Charging Solutions, said: “Driven by the growing trend of automation and digitalization within industrial applications, the usage of electric driven, battery powered autonomous vehicles is heavily increasing. This trend is requiring an automated, highly efficient and reliable battery charging process, which can be 100% supported by wireless charging technology. With decades of experience in electric and electronic technology development, Delta is ready to help our customers on this. Our new product, the MOOVair Series, supports safe, smart, wireless charging in order to enable fully automated, unmanned operation for your AGVs, AMRs, and e-vehicles in factories or other application fields.”

The 1 kW Wireless Charging System features a 1,000 W output, peak efficiency of 93%, and power transmitted over a gap of up to 20 mm. It is made of two parts: a transmitter connected to the AC supply as primary charging unit and an onboard charging unit connected to the battery. The onboard charging unit is available in versions suitable for 24 V or 48 V batteries, and multiple onboard units of either variant can share one transmitter pad saving space and cost. The onboard charging unit is compact (168 x 82 x 28 mm) and lightweight (1.5 kg, onboard charging pad included), making it simple to place inside even small e-vehicles. With the charging pads protected against water and dust to IP65, and a robust design for shock and vibration, the MOOVair Series has reliable performance even in harsh industrial environments.

Technical service

Another highlighted feature of the MOOVair Series is the choice to charge either by inbuilt profiles covering a range of batteries (bespoke profiles available on request) or by CAN bus control. With no cable, no connector wear, no maintenance downtime, smart communication and remote management, the 1 kW Wireless Charging System MOOVair truly realizes smart, automatic 24/7 operation for industrial electric vehicles manufacturers, including AGV and AMR, battery manufacturers, system integrators, industrial automation planners and solution providers.

Delta has inaugurated a new facility at the Automotive Campus in Helmond, near Eindhoven, the Netherlands to support the expansion of its industrial automation, industrial power supply and automotive business development, product testing and technical service in Europe, the Middle East & Africa (EMEA). Through the implementation of Delta’s smart energy-saving solutions and innovative eco-friendly design, the new 4,055-square metre facility is expected to consume 56.84% less electricity than traditional buildings annually. The Delta Helmond office will eventually house over 150 employees and further cement Delta’s leading capabilities for e-mobility.

cargo-partner and Lufthansa send first SAF shipment

International transport and logistics company cargo-partner has been pursuing a comprehensive sustainability strategy and championing environment-friendly transport technologies for many years. Now it has seized the opportunity to organise a climate-neutral air freight shipment using sustainable aviation fuel (SAF) and compensation of the CO₂ emissions generated by the provision of SAF.

The shipment took off from Vienna Airport in early December 2022 and landed at Dallas Fort Worth Airport in Texas the following day. The air freight shipment was carried out on behalf of a customer from the cosmetics industry and amounted to a volume weight of 340kg.

Jo Feiks, Corporate Director Product Management Air Cargo at cargo-partner, said: “We are pleased to set this first important milestone for sustainable transport technology together with our long-standing partner Lufthansa. For both companies, it was the first shipment to depart from Vienna under SAF criteria. With this starting signal, we want to jointly pave the way for CO₂-neutral logistics.”

Various raw materials and processes come into question for the production of SAF. For example, bio kerosene can be produced from residual and waste materials such as household waste, used oils or fats. Using alternative fuels instead of fossil fuels, in combination with other CO₂ offsetting measures, can enable 100% climate-neutral transportation.

“We hope that we can inspire many of our customers to opt for transport with sustainable fuels, and we look forward to numerous follow-up projects together with Lufthansa,” added Feiks.

 

cargo-partner and Lufthansa send first SAF shipment

International transport and logistics company cargo-partner has been pursuing a comprehensive sustainability strategy and championing environment-friendly transport technologies for many years. Now it has seized the opportunity to organise a climate-neutral air freight shipment using sustainable aviation fuel (SAF) and compensation of the CO₂ emissions generated by the provision of SAF.

The shipment took off from Vienna Airport in early December 2022 and landed at Dallas Fort Worth Airport in Texas the following day. The air freight shipment was carried out on behalf of a customer from the cosmetics industry and amounted to a volume weight of 340kg.

Jo Feiks, Corporate Director Product Management Air Cargo at cargo-partner, said: “We are pleased to set this first important milestone for sustainable transport technology together with our long-standing partner Lufthansa. For both companies, it was the first shipment to depart from Vienna under SAF criteria. With this starting signal, we want to jointly pave the way for CO₂-neutral logistics.”

Various raw materials and processes come into question for the production of SAF. For example, bio kerosene can be produced from residual and waste materials such as household waste, used oils or fats. Using alternative fuels instead of fossil fuels, in combination with other CO₂ offsetting measures, can enable 100% climate-neutral transportation.

“We hope that we can inspire many of our customers to opt for transport with sustainable fuels, and we look forward to numerous follow-up projects together with Lufthansa,” added Feiks.

 

Toyota donates forklift to aid Ukraine

Boxes of Hope, a humanitarian aid charity that was established to send food, clothing, medicine and other essential items to the people of Ukraine following the country’s invasion by Russia, has taken delivery of a vinyl-wrapped forklift truck donated free-of-charge by Toyota Material Handling (TMH) UK Ltd.

The forklift – a 2.5 tonne diesel-powered counterbalance model from the Toyota Approved Used fleet – has been vinyl-wrapped in the Boxes of Hope branding and will improve handling efficiency as well as the wellbeing of Boxes of Hope’s volunteer staff by reducing the charity’s reliance on manual handling at its national pick-up and distribution centre in Lincolnshire. The vinyl-wrapping for the truck was supplied by Bott Ltd.

Boxes of Hope’s founder and director, Mandy Baxter, said: “The truck has made a huge difference to the way that we work. It has allowed us to completely change the layout of our store thanks to the fact that we are now able to move items around the facility safely, quickly and easily. Of course, lorry loading has become a faster and simpler process too and, what’s more, we are now able to make full use of every vehicle’s load capacity – which means we can get more of the things that are so desperately needed to the people of Ukraine.

“It now takes about a third of the time to load a truck than it was taking to do the job manually, so the volunteers that were previously required to help with the loading process can focus on other tasks and, as a result, we are able to make optimum use of the time that they so kindly give us.”

Multiple lorry-loads

So far, Boxes of Hope has sent 16 lorries each containing some 18 tonnes of crucial supplies to Ukraine, and Mandy Baxter has made several trips to the war-torn country herself to personally oversee delivery of the aid.

“My visits to Ukraine have changed my life,” she says. “I will never forget the look on the faces of the soldiers that I met at Lviv military hospital. They had experienced things that nobody should go through, and you could see it in their eyes.”

The business community has been quick to get behind Boxes of Hope’s campaign.

“Companies big and small have been very supportive,” says Mandy Baxter. “For example, our warehouse is a former garden centre unit and the owner is not charging us to use it. He originally agreed that we could stay for three months but we’re still here nearly a year later! And we are working closely with a number of local and international logistics companies who not only transport aid from donation centres and individual donors throughout the region to our warehouse, but also provide the lorries and drivers needed to deliver the aid from England to Ukraine.”

Boxes of Hope liaises with other aid agencies based in Ukraine to ensure that the support it provides is targeted to the regions where it is needed most. The charity lists items – which can be anything from wheelchairs to 4×4 vehicle tyres – that it has in stock on a live online inventory system. The inventory data can be accessed by various Ukraine-based partner organisations that request the goods that are urgently required, such as medical or first-aid products, so they can be included on the next outgoing vehicle.

Toyota aims to make a difference

Toyota was initially approached about Boxes of Hope’s urgent need for a truck by a former TMH UK employee, as Amanda Rodgers, TMH UK’s Used & Trade Operations Manager, explains: “I received a call out of the blue from an ex-colleague who described what Boxes of Hope are doing and how having a forklift would help them to process even more vital supplies bound for Ukraine.”

Amanda contacted Mandy Baxter and, after visiting Boxes of Hopes’ site in Spalding, it was quickly agreed that Toyota would not only supply the truck at no cost but also provide complimentary ongoing service and maintenance support.

Supporting projects such as Boxes of Hope is a cornerstone of Toyota Material Handling’s corporate sustainability strategy. “A sustainable company engages in business practices that are good for people and Toyota’s approach to sustainability aims to make a difference to the wellbeing of those who are less fortunate than others,” says Amanda Rodgers.

Mandy Baxter concludes: “We are very grateful to Toyota for everything they are doing to support our work. Having a forklift allows us to operate far more efficiently and, ultimately, lets us send more aid to the people of Ukraine. We would also like to thank Bott Ltd for their contribution.”

Toyota donates forklift to aid Ukraine

Boxes of Hope, a humanitarian aid charity that was established to send food, clothing, medicine and other essential items to the people of Ukraine following the country’s invasion by Russia, has taken delivery of a vinyl-wrapped forklift truck donated free-of-charge by Toyota Material Handling (TMH) UK Ltd.

The forklift – a 2.5 tonne diesel-powered counterbalance model from the Toyota Approved Used fleet – has been vinyl-wrapped in the Boxes of Hope branding and will improve handling efficiency as well as the wellbeing of Boxes of Hope’s volunteer staff by reducing the charity’s reliance on manual handling at its national pick-up and distribution centre in Lincolnshire. The vinyl-wrapping for the truck was supplied by Bott Ltd.

Boxes of Hope’s founder and director, Mandy Baxter, said: “The truck has made a huge difference to the way that we work. It has allowed us to completely change the layout of our store thanks to the fact that we are now able to move items around the facility safely, quickly and easily. Of course, lorry loading has become a faster and simpler process too and, what’s more, we are now able to make full use of every vehicle’s load capacity – which means we can get more of the things that are so desperately needed to the people of Ukraine.

“It now takes about a third of the time to load a truck than it was taking to do the job manually, so the volunteers that were previously required to help with the loading process can focus on other tasks and, as a result, we are able to make optimum use of the time that they so kindly give us.”

Multiple lorry-loads

So far, Boxes of Hope has sent 16 lorries each containing some 18 tonnes of crucial supplies to Ukraine, and Mandy Baxter has made several trips to the war-torn country herself to personally oversee delivery of the aid.

“My visits to Ukraine have changed my life,” she says. “I will never forget the look on the faces of the soldiers that I met at Lviv military hospital. They had experienced things that nobody should go through, and you could see it in their eyes.”

The business community has been quick to get behind Boxes of Hope’s campaign.

“Companies big and small have been very supportive,” says Mandy Baxter. “For example, our warehouse is a former garden centre unit and the owner is not charging us to use it. He originally agreed that we could stay for three months but we’re still here nearly a year later! And we are working closely with a number of local and international logistics companies who not only transport aid from donation centres and individual donors throughout the region to our warehouse, but also provide the lorries and drivers needed to deliver the aid from England to Ukraine.”

Boxes of Hope liaises with other aid agencies based in Ukraine to ensure that the support it provides is targeted to the regions where it is needed most. The charity lists items – which can be anything from wheelchairs to 4×4 vehicle tyres – that it has in stock on a live online inventory system. The inventory data can be accessed by various Ukraine-based partner organisations that request the goods that are urgently required, such as medical or first-aid products, so they can be included on the next outgoing vehicle.

Toyota aims to make a difference

Toyota was initially approached about Boxes of Hope’s urgent need for a truck by a former TMH UK employee, as Amanda Rodgers, TMH UK’s Used & Trade Operations Manager, explains: “I received a call out of the blue from an ex-colleague who described what Boxes of Hope are doing and how having a forklift would help them to process even more vital supplies bound for Ukraine.”

Amanda contacted Mandy Baxter and, after visiting Boxes of Hopes’ site in Spalding, it was quickly agreed that Toyota would not only supply the truck at no cost but also provide complimentary ongoing service and maintenance support.

Supporting projects such as Boxes of Hope is a cornerstone of Toyota Material Handling’s corporate sustainability strategy. “A sustainable company engages in business practices that are good for people and Toyota’s approach to sustainability aims to make a difference to the wellbeing of those who are less fortunate than others,” says Amanda Rodgers.

Mandy Baxter concludes: “We are very grateful to Toyota for everything they are doing to support our work. Having a forklift allows us to operate far more efficiently and, ultimately, lets us send more aid to the people of Ukraine. We would also like to thank Bott Ltd for their contribution.”

Zapi Acquires 4E Consulting

Zapi Group, a global leader in electrification, is bolstering its systems capabilities through the key acquisition of 4E Consulting. The acquisition will further Zapi Group’s position as a leading provider offering integrated system solutions to the market. Adding 4E Consulting to the company will expand expertise in integration, testing, and conversion of drivetrains, hydraulic circuits, and ECUs.

“The acquisition of 4E Consulting is a key strategic move for Zapi Group,” said Claes Avasjo, executive director of global sales and marketing of Zapi Group. “It is a significant step that gives us the capability to expand the range of solutions and integrated systems we offer to our customers.”

Founded in 2010, 4E Consulting provides system integration for hybrid and pure electric solutions. It combines mechanical, electronic, electrical, and system management competencies to ensure rapid and efficient solutions for its global customer base.

“We are excited to bring our extensive competence, skills and experience to the Zapi Group,” said Paolo Patroncini, CEO of 4E Consulting. “Our history of practical problem-solving, innovating engineering solutions, and offering a custom approach to system integrations aligns with Zapi Group’s mission, complements existing solutions and will further its approach to electrification.”

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