We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » L.A. Startup Poised to Disrupt the Supply Chain with Blockchain
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

L.A. Startup Poised to Disrupt the Supply Chain with Blockchain

April 30, 2018
No Comments

LOS ANGELES - April 30, 2018 - Omnichain Solutions (Omnichain), a supply chain technology startup leveraging the power of Blockchain, will make its debut as an ALPHA startup at booth A-120 on Thursday, May 3, at Collision 2018, America's fastest growing tech conference. Co-founded by global supply chain business expert Pratik Soni and software innovator Ray Young, Omnichain is poised to disrupt supply chain management by creating an undisputable, end-to-end record of goods movement and inventory from source to shelf and back for replenishment.

Pratik Soni, co-founder and CEO, Omnichain, said, "Global supply chains cross country borders, traverse technology networks and touch countless supply chain professionals when moving products from suppliers and manufacturers to warehouses and retailers. This complicated web of technology and distribution networks creates too many opportunities for human error, data silos, and supply and demand imbalances, resulting in lost sales. With Blockchain technology, real-time transparency and seamless data flow, global manufacturers, vendors and retailers will know exactly when products arrive at each check point, when payments clear and if inventory gets low, driving trust, accuracy and accountability across the value chain."

With a combined 40 years of supply chain experience, Soni and Young possess a unique understanding of the challenges and intricacies of supply chains. Soni brings a wealth of knowledge in supply chain design, implementation and business strategy, having led numerous startups as well as Fortune 500 companies like i.am+, Apple and Beats Electronics. Widely recognized as a thought leader in supply chain technologies and innovation, Young has held many key positions in corporate IT management. He launched groundbreaking systems for product demand planning and replenishment, which were adopted by companies like Disney, Paramount, Sony and Motorola. The two innovators founded Omnichain with the vision to leverage the same Blockchain technology that is transforming FinTech to drive operational excellence across the supply chain.

Ray Young, co-founder and CTO, Omnichain, said, "Traditionally, organizations have relied on enterprise resource planning (ERP) systems to manage production and inventory based on market demand. But, 80 percent of in-market ERP solutions only provide planning to the warehouse level. The remaining 20 percent don't factor in store-level demand, resulting in inefficiencies both upstream and downstream in the supply chain. We wanted to develop a solution that provides complete data transparency from source to shelf. Using Blockchain technology, we can build trust for our customers with an irrefutable ledger of transactions and complete visibility to support business decisions."

To learn more about Omnichain and how it will disrupt the supply chain industry with Blockchain, visit www.omnichains.com or booth A-120 on Thursday, May 3, at Collision 2018.

About Omnichain Solutions
Founded by global supply chain expert Pratik Soni and software innovator Ray Young in 2018, Los Angeles-based Omnichain Solutions (Omnichain) provides intelligent, end-to-end supply chain technology solutions. Its demand-driven, Software-as-a-Service (SaaS) platform provides real-time transparency, trust and efficiency from source to shelf using Blockchain technology. The holistic platform simplifies store-level forecasting and replenishment, optimizes manufacturing planning, eliminates lost sales, and reduces carrying costs, while driving supply chain transparency, accuracy and accountability. With its first-to-market solution, the company holds the U.S. patent for planogram, store- and SKU-level forecasting and replenishment. For more information, visit www.omnichains.com.

More Info: http://www.omnichains.com/

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    Resilience360: How Hackers Leverage COVID-19 to Disrupt Supply Chain Operations

    Secondary Logistics Markets Poised For Growth As Companies Seek To Expand Supply Chain Coverage

    Omnichain Solutions Joins Fellow Supply Chain Leaders in the Blockchain in Transport Alliance

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

  • Researchers: Ships can look to Mother Nature for energy-saving ideas

  • Maersk deploys indoor drones for warehouse inventory counts

Now Playing on DCV-TV

C8c3bc6b a91d 4181 a18f 35f288257630

ACPaQ: Fast and reliable automated mixed case palletizer

DCV-TV 4: Viewer Contributed
Fully Automated Mixed Case Palletizing ACPaQ is a universally applicable solution for fully automated order picking of mixed case pallets based on customers‘ requirements. Its software allows you to customize the palletizing order to increase efficiency during in-store replenishment. The mixed case palletizer...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing