Nexxiot expanding into the U.S.

Written by William C. Vantuono, Editor-in-Chief
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Nexxiot, a Zurich, Switzerland-based digitized supply chain company, is expanding into the U.S. and has established Dallas, Tex., headquarters with a newly formed management team. Nexxiot will exhibit at Railway Interchange in Minneapolis (Booth 2926).

Andrew Malakoff

“We will make the best possible use of the exhibition to introduce our innovative services,” said Nexxiot President, Americas Andrew Malakoff. “In our opinion, the logistics-savvy audience in Minneapolis is the ideal target for this. Transparency along the supply chain is an important issue for all logistics companies in the U.S.”

Nexxiot “enables customers to gain digital control over their transport assets and expand their services to shippers.,” the company said in announcing its new U.S. operations. “IoT (Internet of Things) sensors are attached to [transportation assets] and communicate raw data in real time to the Nexxiot Cloud platform. Here, it is processed and analyzed. For increased insights, the company provides a use-case oriented platform that brings transparency beyond track and trace.

“Logistic companies in the U.S. are under enormous pressure to innovate and digitize,” noted Nexxiot CCO Marcel Scheurer. “We can relieve them of these worries. With our system, we not only have the needs of logistics providers in mind, but also help shippers and their customers by digitizing their logistics. Nexxiot acts as a strategic partner and thinks of the supply chain from start to finish and beyond. We develop business cases in close cooperation with clients and obtain an excellent sense of the problems that they are facing and what drives their value. Nexxiot is ready and well-equipped to expand in the U.S. market. With our expansion into North America, we want to continue our growth of the past months. In Europe, we are already market leader in connecting freight railcars. Now we want to convince the large rail freight market in the U.S. of our services, and also enable the digitization of the supply chain here.

Marcel Scheurer

“The Nexxiot solution creates transparency along the supply chain and enables customers to differentiate their own business models. When attached to [transportation assets], IoT sensors generate data such as location, temperature or shock. They can also act as gateway for additional external sensors. This data is then analyzed by machine learning algorithms. As a result, Nexxiot enables railcar owners and operators to stand out from others in the logistics industry.

“Nexxiot  aims to digitize the rail freight sector across verticals such as oil and gas, chemicals, automotive, retail and more. Transparency is essential for the optimization of rail transportation. A lack of control and oversight in rail logistics is no longer necessary today. Soon, the transparency that we are used to in the B2C (business-to-consumer) area will be applied to the B2B (business-to-business) sector. Today, when I order something from the Internet, I know exactly about its status and whereabouts. With our software and analytics, we can not only determine where the freight is and whether it will arrive on time; we can also tell if there have been any critical shocks on the way or if theft has occurred.” 

“Information about the freight’s condition, destination, origin and punctuality can be obtained at any time with Nexxiot,” noted Malakoff. “Customers can monitor and optimize their transport flow worldwide by subscribing to specific service packages. These range from maintenance optimization, to fleet management and freight monitoring.”

Nexxiot develops IoT sensors that the company said “require no external energy source. Yet, the company’s strength lies in its adaptability to other IoT systems. It thus supports the diversification of the customers’ business. On the hardware side, it can be connected to a multitude of IoT sensors. Just recently, the company started a partnership with sensor provider OnAsset Intelligence. The software can be integrated into existing frontends and transport management systems. Nexxiot also supports its customers with the implementation and commercialization of the new digital products and solutions.”

“By leveraging our platform, with business analytics, our customers are able to fully understand the impacts and actions across their supply chain. This crosses several barriers; understanding dwell time, theft en-route, cargo impact, shock pattern analysis, dynamic ETA and ultimately providing the customer with better services,” Malakoff stated.

Nexxiot AG, headquartered in Zurich, Switzerland, describes itself as “a pioneer and industry leader in the development and delivery of digital supply chain management solutions.” It is a spin-off of ETH Zurich, one of the world’s leading technical universities. Founded in 2015, the company says it “can rely on more than ten years of research in the areas of complex systems, Big Data algorithms and ultra-low power embedded technology. Three successful investment rounds enable the company to pursue ambitious global expansion plans. In addition to its headquarter in Switzerland, the company has offices in Germany and the U.S.”