For years, supply chain operations have been growing in complexity, with each subsequent expansion adding new conveniences for customers. However, much like how a duck swimming looks effortless on the surface, behind these new conveniences exist complex operations in fulfillment, distribution, and shipping, to ensure orders are correct and timely.
Illuminated by a global pandemic, issues like the expanding costs of lost inventory and the shrinking labor pool for warehouses have been increasing and compounding. The most fragile links in the supply chain can be thrown into sharp relief, as shutdowns, re-directs, and delays across the world demonstrate both how interconnected our world is, and the fragility of those connections.
Luckily, while the challenges facing the supply chain are evolving, the technology to solve for these issues is as well.
We’ll focus on the warehouse and distribution center, and explore the impact of RFID technology on the processes of order fulfillment, shipping, and more in this ebook.
The last few months have been incredibly exciting for our organization. In early April, we changed ownership to Sole Source Capital, an experienced private equity company focused on the industrial services market and committed to our growth. With Sole Source’s support, we have added tremendous capabilities, resources, and industry expertise to the Peak portfolio through the acquisition of three companies in the last 60 days.
Along with these exciting developments comes a renewed sense of commitment and purpose. To celebrate this exciting new chapter, we wanted to use this opportunity to reflect on our past, while looking forward to the future. We are extremely pleased to announce that we have changed our company name to Peak Technologies, Inc.
For many of our long-time customers, this is a return to the company name that had been in place since our founding in 1981. When we merged with Ryzex in 2011, we combined our names to symbolize the union of two industry leaders. But over the last few years, we have become ONE Peak, added additional capabilities, battled through a pandemic together, and feel that the time is now to re-brand the company as we look forward to the future.
For additional information on the company name change, click here.