Vastera is a provider of global trade management solutions while JPMorgan Chase & Co. is a leading global financial services firm. JPMorgan Chase’s aim is to provide a one-stop shop for those moving goods across international borders.
Lori Hricik, executive vice president and head of the finance company’s Treasury Services unit says, “this acquisition brings our clients the benefits of end-to-end global trade management solutions and it brings Vastera’s clients the benefits of JPMorgan Chase’s comprehensive financial services platform and product set.”
According to the company, JPMorgan Chase sees the Vastera acquisition as important and strategic, one that will help differentiate the company in terms of global trade and logistics. Vastera’s solutions seek to automate supply chain processes for the physical processes of moving goods cross border.
The alliance between Deloitte Consulting LLP and HighJump Software LLC, a 3M Co., will capitalize on strengths of both to offer global customers supply chain execution solutions.
In a joint release, the two look to “leverage Deloitte Consulting’s deep industry experience in delivering tailored solutions to a variety of vertical markets and HighJump’s comprehensive, tightly integrated, RFID-enabled supply chain execution product suite that includes solutions for warehouse, yard and transportation management, as well as manufacturing execution, automated data collection and collaboration solutions.”
The companies seek to serve customers looking for to synchronize collaboration and execution throughout complex global supply chain operations. “We look to strengthen our momentum both in the U.S. and abroad,” says Chris Heim, HighJump president, “by effectively leveraging HighJump’s uniquely adaptable solutions, 3M’s presence in more than 200 countries and Deloitte Consulting’s global supply chain implementation expertise.”
In Canada, PBB Global Logistics will be acquiring Unicity Integrated Logistics and Unicity Customs Services. With more than 70 offices across North America and a worldwide network of automated facilities, PBB provides technology, expertise, opportunities and global trade solutions. Unicity offers strategies and systems to minimize supply chain costs through seamless access to the Canadian market and is one of the top ten Customs brokers in Canada.
Whether shipping to NAFTA countries, Asia, Europe or emerging markets in Latin America, PBB Global Logistics offers fully integrated global logistics services, including customs brokerage, warehousing, distribution and inventory management.
