CalAmp's LoJack acquisition lets it enter supply chain market
January 31, 2017
Wireless products and services provider CalAmp intends to leverage its acquisition of LoJack to enter the cold chain and supply chain visibility markets with Supply Chain Integrity (SCI), an enterprise visibility product for multinational firms to secure goods in transit, improve supply chain performance and help meet regulatory compliance.
It provides companies in the pharmaceutical, healthcare, biotech, food and consumer goods industries with supply chain services that enable the reliable, cost effective and safe downstream transit of goods from manufacture to distribution to the end consumer.
Increasing regulatory requirements and competitive pressures to reduce costs and improve efficiencies are driving the need for real-time visibility of product location, availability and condition in distribution channels. To address these needs, the California company is leveraging its expertise in telematics and its acquisition of LoJack to provide real-time information, monitoring and alerting of critical in-transit cold chain-related movement of goods.
SCI combines GPS and RF beacon cargo sensors and tracking devices with supply chain applications and access to its SC iOn command portal to allow users to track and document chain of custody, physical integrity and logistics efficiency.
With real-time, web-based visibility of goods in transit, supply chain stakeholders can prevent loss, maintain compliance with business rules and regulatory requirements, and monitor environmental conditions such as temperature, light and humidity to document compliance with regulations.
"End-to-end visibility of temperature-sensitive drugs, food and high-value consumer goods is now an imperative in the highly regulated consumer goods marketplace," said Paul Washicko, general manager of CalAmp's SaaS business. "CalAmp SCI services combine LoJack's longstanding experience in supply chain integrity with CalAmp's expertise in telematics and data analytics to enable multinational companies to comply with strict regulatory requirements, maintain a high quality brand reputation and instil consumer confidence."
CalAmp’s portfolio of intelligent communications devices, telematics cloud services and targeted software applications can streamline otherwise complex M2M deployments. These let users optimise their operations by collecting, monitoring and efficiently reporting business-critical data and desired intelligence from high-value mobile and remote assets.
The company is headquartered in Irvine, California, and has been publicly traded since 1983.