ModusLink To Help Tile Expand Global Business Operations
September 06 2016 - 9:00AM
Business Wire
Tile’s Devices that Help People Locate the
Things that Matter to them Most Utilizes ModusLink’s E-Commerce and
Supply Chain Solutions to Expand Global Customer Adoption
ModusLink Corporation, a wholly owned subsidiary of ModusLink
Global Solutions Inc. (NASDAQ: MLNK), a global, omni-channel
technology and fulfillment provider, announced today that it was
selected by Tile, the smart location company and makers of a device
that consumers can attach to everyday items to locate when
misplaced or stolen. ModusLink will lead the brand’s global
e-commerce expansion through a series of innovative order
fulfillment, procurement and data management best practices that
will enable the company to quickly reach potential clients anywhere
on the globe.
By teaming with ModusLink, Tile will be able to meet the growing
demand for its products in markets such as Australia, Canada, the
European Union and New Zealand. To do so, ModusLink will streamline
Tile’s kitting processes for greater efficiency.
For the European market, ModusLink also plans to launch a
variety of fast and reliable order fulfillment services for the
brand, ranging from resource planning to inventory management, in
order to boost the speed at which products can reach the consumer.
ModusLink expects to have this service up and running for Tile
prior to the start of the upcoming holiday season.
“With numerous sources predicting the global IoT market to reach
into the trillions of dollars with close to 30 million IoT
endpoints as early as 2020, there is no better time than the
present for Tile to begin this journey with ModusLink,” says Sándor
Kiss, Director of Manufacturing Operations at Tile. “Tile is at the
vanguard of this market opportunity. We are building a global
community in the IoT space with our smart location technology and
that requires global expansion of our fulfillment operations.”
To further support Tile’s global expansion efforts, ModusLink
will manage Tile’s unit serialization process that enables
essential product data to be easily captured. This process helps
identify each “Tile” and associate it with its designated package
and customer, expediting the order fulfillment response with a host
of new advanced tracking capabilities.
ModusLink will also manage international transportation
solutions for Tile, automating workflows and supporting data
tracking with a variety of global multi-modal and multi-carrier
options.
The combination of these e-commerce and supply chain solutions
and services will enable Tile to focus on what’s most important to
the company’s future success – product development – without the
need to acquire any new personnel to handle costly and
time-consuming supply chain operations.
“Tile represents the perfect example of a young and innovative
company seeking to take advantage of the extensive resources
ModusLink has to offer,” says Hans Veenendaal, Chief Commercial
Officer at ModusLink. “By combining our suite of solutions with its
industry leading products, Tile will soon be able to reach its
international expansion goals.”
For more information on Tile’s products, please visit:
http://www.thetileapp.com.
About TileTile gives everything the power of smart
location. Tile’s devices, network and mobile app work together to
help people locate the things that matter to them most. Tile’s
global community spans 200 countries and territories and helps
people locate more than half a million items every day. The Tile
Smart Location Platform makes it possible for other companies to
build location into their own products. The company is based in San
Mateo, CA and backed by Bessemer Venture Partners, GGV Capital and
Khosla Ventures. Tile is a top seller in retail stores and is sold
online around the world. For more information, please visit
TheTileApp.com.
About ModusLink Global SolutionsModusLink Corporation, a
wholly owned subsidiary of ModusLink Global Solutions Inc. (NASDAQ:
MLNK), is a global, omni-channel technology and fulfillment
provider that gives clients real-time visibility into their
end-to-end supply and demand chain operations, with expertise and
facilities worldwide to manage forward and reverse logistics. The
company’s operations are supported by more than 20 sites across
North America, Europe and the Asia/Pacific region. For more
information, please visit www.moduslink.com and
www.valueunchained.com, the blog for supply chain
professionals.
This release contains forward-looking statements, which address
a variety of subjects including, for example statements regarding
supply chain solutions. All statements other than statements of
historical fact are forward-looking statements. The following
important factors and uncertainties, among others, could cause
actual results to differ materially from those described in these
forward-looking statements: ModusLink's success, including its
ability to reach its revenue, sales and profitability goals depends
on its ability to execute on its business strategy as well as the
continued and increased demand for and market acceptance of its
services; global economic conditions, especially in the technology
sector are uncertain and subject to volatility; demand for
ModusLink’s clients' products may decline or may not achieve the
levels anticipated by ModusLink’s clients; and increased
competition and technological changes in the markets in which
ModusLink competes. For a detailed discussion of cautionary
statements that may affect ModusLink's future results of operations
and financial results, please refer to ModusLink's filings with the
Securities and Exchange Commission, including ModusLink's most
recent Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. Forward-looking statements represent management's current
expectations and are inherently uncertain. ModusLink does not
undertake any obligation to update forward-looking statements made
by the company.
ModusLink, the ModusLink logo, ModusLink Global Solutions, and
Poetic are trademarks of ModusLink Global Solutions Inc. or
ModusLink Corporation. All other company names and product names
may be trademarks of their respective owners.
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ModusLink Corporation Contact:Jeff Drew, +1
617-986-5004moduslink@famapr.com