EQS-News: Lenzing AG: Lenzing takes supply chain transparency to next level by combining real-time shipment tracking and carbon visibility

EQS-News: Lenzing AG / Key word(s): Sustainability
   Lenzing AG: Lenzing takes supply chain transparency to next level by
   combining real-time shipment tracking and carbon visibility

   18.09.2023 / 10:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Lenzing takes supply chain transparency to next level by combining
   real-time shipment tracking and carbon visibility

    

     • Collaboration with supply chain solutions company project44 aims to
       enhance transparency and efficiency along with taking carbon emissions
       visibility to the next level
     • The new real-time shipment tracker addresses the fiber industry’s
       rising supply chain complexities over the past couple of years
     • Enabled by AI machine learning and predictive analysis technology, the
       tracking system is Lenzing’s latest move in harnessing the power of
       digital technology for agile, interconnected, and sustainable supply
       chains

    

   Lenzing – The Lenzing Group, a world-leading provider of specialty fibers
   for the textile and nonwoven industries, is taking an important step in
   enhancing the transparency and efficiency of the global fiber supply chain
   with the launch of a pioneering real-time ocean shipment tracker in
   collaboration with digital supply chain solution company, project44.
   Adhering to Lenzing’s sustainability goals, the tracker also offers
   capabilities to improve the visibility of carbon emissions among partners
   and elevate the customer experience.

   To address the industry’s increasing supply chain complexities, Lenzing
   has incorporated a fully integrated real-time application programming
   interface (API) between its systems applications and products (SAP) and
   the project44’s platform, Movement. Combine this with advanced artificial
   intelligence (AI), GPS sensors, and machine-learning technologies, and
   Lenzing can now empower customers with accurate real-time insights on
   fiber orders, ranging from shipment status, container location, to vessel
   route tracking and estimated arrival times at ports around the world.
    

   Powered by real-time data and predictive insights

   "Over the past couple of years, supply chain disruptions have highlighted
   the importance of advanced ocean shipment tracking. Our real-time shipment
   tracker is a testament to Lenzing's 'Better Growth' corporate strategy,
   which reinforces our commitment to digitally transform and ensure
   transparency in the textile and nonwovens supply chain. With supply chain
   transparency and sustainability becoming increasingly more important, our
   ability to implement groundbreaking carbon emission tracking at shipment
   and container level demonstrates that we are ready and eager to
   collaborate with our valued customers in jointly crafting ambitious carbon
   reduction targets," said Thomas Panholzer, Vice President Global Supply
   Chain, Lenzing.
    

   Partnering to achieve the shared goal of greater carbon emission
   visibility

   As part of Lenzing’s sustainability commitments, the real-time ocean
   shipment tracker provides improved solutions which empower value chain
   partners to achieve their carbon emission targets, by providing customers
   with access to Scope 3 carbon emission data accredited by the Global
   Logistics Emission Council (GLEC) framework on shipment and container
   level. This real time data allows Lenzing and its customers to
   collaboratively establish goals and adjust shipment plans to reduce carbon
   emissions.

   “Supply chain visibility continues to depend on successful
   collaborations,” said Jett McCandless, founder and CEO of project44.
   “Lenzing’s shipment tracker, powered by project44’s unique data and
   insights, gives unprecedented customer access to real-time information
   that locates shipments across the globe. We are continuously seeking
   partnerships with pioneers like Lenzing who strive to incorporate new
   solutions and technologies into their offerings.

    

   Driving digitalization to enhance efficiency and transparency of the
   global fiber value chain

   “We will remain steadfast in our commitment to enhance our digital
   offerings and optimize our operations, ultimately driving digitalization
   of the global fiber supply chain to enable transparency and traceability
   and provide additional value to our customers. Our vision stands firm: we
   are embarking on a transformative journey towards fostering
   carbon-conscious practices to drive systemic change in the industry,"
   added Thomas.

   “Lenzing IT’s vision is to accelerate our ambition to change the world for
   the better by unlocking the power of information and technology. This
   project is one of the many fantastic examples that brings our vision to
   life. We are committed to fostering digital collaborations that will
   further enhance customer satisfaction and supply chain transparency,” said
   Christian Platzer, Vice President Global IT & Digital Innovation, Lenzing.

   Lenzing’s real-time ocean shipment tracker will be accessible to all
   Lenzing customers worldwide starting September.

    

   Photo download:

   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=z55QLPpmk5pk
   PIN: z55QLPpmk5pk

    

   Your contacts:                              
                                               
   Dominic Köfner                             Daniel Winkelmeier
   Vice President Corporate Communications  & Communications Manager
   Public Affairs                             Lenzing Aktiengesellschaft
   Lenzing Aktiengesellschaft                 Werkstraße 2, 4860 Lenzing,
   Werkstraße 2, 4860 Lenzing, Austria        Austria
                                               
   Phone   +43 7672 701 2743                  Phone    +43 7672 701 2871
   E-mail    [email protected]                E-mail     [3][email protected]
   Web       [2]www.lenzing.com               Web        [4]www.lenzing.com
                                               

    

   About the Lenzing Group
    
   The Lenzing  Group  stands  for  ecologically  responsible  production  of
   specialty fibers  made  from  the  renewable  raw  material  wood.  As  an
   innovation leader, Lenzing  is a  partner of global  textile and  nonwoven
   manufacturers and drives many new technological developments.
    
   The Lenzing Group’s high-quality  fibers form the basis  for a variety  of
   textile applications ranging from elegant clothing to versatile denims and
   high-performance sports clothing.  Due to their  consistent high  quality,
   their biodegradability and compostability  Lenzing fibers are also  highly
   suitable for hygiene products and agricultural applications.
    
   The business  model  of  the Lenzing  Group  goes  far beyond  that  of  a
   traditional fiber  producer. Together  with  its customers  and  partners,
   Lenzing develops innovative products along the value chain, creating added
   value  for  consumers.  The  Lenzing  Group  strives  for  the   efficient
   utilization and processing of  all raw materials  and offers solutions  to
   help redirect the textile sector  towards a closed-loop economy. In  order
   to reduce the speed of global warming and to accomplish the targets of the
   Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
   has a clear vision: namely to make a zero-carbon future come true.
    
   Key Facts & Figures Lenzing Group 2022
   Revenue: EUR 2.57 bn
   Nominal capacity: 1,145,000 tonnes
   Number of employees (headcount): 8,301
    
   TENCEL™, VEOCEL™, LENZING™,  REFIBRA™, ECOVERO™,  LENZING MODAL™,  LENZING
   VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

    

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   18.09.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Lenzing AG
                4860 Lenzing
                Austria
   Phone:       +43 7672-701-0
   Fax:         +43 7672-96301
   E-mail:      [email protected]
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1727833


    
   End of News EQS News Service


   1727833  18.09.2023 CET/CEST

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