Ryder Recognized Among Supply & Demand Chain Executive’s ‘Top Supply Chain Projects’
Ryder System (NYSE: R) has been recognized by Supply & Demand Chain Executive’s ‘Top Supply Chain Projects’ award for 2024. The accolade honors Ryder's transformation of supply chain operations for Southern Glazer's Wine & Spirits through its RyderShare™ platform. This digital solution enhanced visibility, productivity, and customer service, achieving 100% freight visibility, a 50% productivity increase, and a 98% on-time performance rating. RyderShare™ provided real-time actionable insights, addressing critical gaps in Southern Glazer’s supply chain and contributing to significant efficiency improvements.
- Ryder received a prestigious ‘Top Supply Chain Projects’ award for 2024.
- RyderShare™ provided 100% visibility of freight across Southern Glazer’s supply chain.
- Productivity increased by 50% with RyderShare™ implementation.
- On-time performance rating improved to 98%.
- Data accuracy improved to 100%, enhancing customer service.
- Labor efficiency doubled, and turnover decreased.
- The press release does not indicate any revenue growth or financial gain from the project.
- No specific figures are provided regarding the cost of implementation or return on investment.
Honored for transformative supply chain impact on wine and spirits company
Ryder was honored among Supply & Demand Chain Executive’s ‘Top Supply Chain Projects’ for its role in transforming supply chain operations for Southern Glazer's Wine & Spirits. The implementation of RyderShare provided a collaborative and transparent system, delivering real-time actionable insights. (Photo: Business Wire)
Ryder was honored for its role in the transformation of supply chain operations for Southern Glazer's Wine & Spirits, a premier beverage alcohol distributor of wines, spirits, beer, and non-alcoholic products. The company represents more than 1,700 wine and spirits suppliers, distributing more than 7,000 brands across 45 U.S. markets and
“The past 12 months have seen companies within the supply chain and logistics space upgrade, enhance, adopt, and adapt to achieve greater efficiency along the chain. Companies implemented others' software and technology to work smarter, together,” says Marina Mayer, editor-in-chief of Supply & Demand Chain Executive and Food Logistics. “Their partnerships cultivated resilience and placed a spotlight on projects designed to make the supply chain space safer and more efficient.”
RyderShare™ was instrumental in restructuring Southern Glazer’s inbound transportation model, implementing a collaborative and transparent system that delivered real-time actionable insights. This digitized solution effectively managed Southern Glazer’s complex logistical demands by providing complete visibility and management of freight ─ resulting in streamlined operations and improved efficiency.
“One of our biggest challenges was the lack of visibility and control over our freight movements. We needed a robust, effective, and advanced solution,” says Bobby Burg, chief supply chain officer at Southern Glazer’s. “Ryder adeptly addressed these 'gaps' in our system and demonstrated outstanding commitment and partnership throughout the process.”
Since the implementation of RyderShare™, Southern Glazer’s has achieved:
-
100% visibility of freight moving across its supply chain -
50% increase in productivity -
Improved on-time performance rating to
98% -
Improved customer service following
100% data accuracy - Two times the labor efficiency savings, and decreased turnover
“For a company managing thousands of brands, it’s critical to not just see when freight is moving but see when it isn’t moving, why, and how to fix it,” adds Kristy Killingbeck, vice president for supply chain operations of consumer packaged goods for Ryder. “Through our RyderShare data and predictive analytics, we're able to provide customers like Southern Glazer’s with increased visibility into their supply chain so their teams can fully manage and maximize freight efficiency.”
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Supply & Demand Chain Executive and sister publication Food Logistics also operate SCN Summit and Women in Supply Chain Forum. Go to www.SDCExec.com to learn more.
Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements, including our expectations with respect to employee hiring and training, are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240618133734/en/
Ryder Media Contacts:
Jonathan Mayor, jonathan_c_mayor@ryder.com
Amy Federman, afederman@ryder.com
Source: Ryder System, Inc.
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