Elemica Announces Robust Growth and Strategic Milestones in First Half of 2024
July 31 2024 - 8:00AM
UK Regulatory
Elemica Announces Robust Growth and Strategic Milestones in First
Half of 2024
New executive appointments, increased go-lives, and
continued innovation drive accelerated growth
ATLANTA, July 31, 2024 (GLOBE NEWSWIRE) --
Elemica, a leading provider of Digital Supply Chain solutions, is
thrilled to announce significant accomplishments and momentum in
the first half of 2024. Elemica has achieved substantial year over
year growth, further bolstering its position as the premier digital
supply chain network and solutions provider for Process, CPG and
adjacent B2B industries.
Expanding Leadership & New
Hires
Elemica transformed its executive team in the
first half of 2024 by appointing new leadership to lead the
company’s future: Paul Carreiro as CEO & President, Phil Weir
as Chief Commercial Officer, and Prashant Bhatia as Chief Marketing
Officer.
“I am immensely proud to lead Elemica and our
global organization to unlock its significant unrealized
potential,” said Carreiro on his appointment as CEO. “Our focus
remains on building upon our past successes to deliver exceptional
value to our customers and partners through expanded investment in
our people and our end-to-end supply chain network and portfolio of
solutions.”
The rapid growth did not end with new executive
appointments. Elemica has also accelerated new hires to support its
growth across North America and EMEA. This, coupled with an
increase in employee retention rates, reveals the professional
fulfillment and stability employees are enjoying at Elemica.
Boosting Growth, Efficiency &
Innovation
The company’s introduction of new people,
processes and renewed industry focus has translated into remarkable
financial achievements. Elemica reported accelerated year over year
growth and industry leading net revenue retention levels,
reflecting an increase in higher customer satisfaction.
Our field organizations have partnered with our
customers and partners to support both net new enterprise level
rollouts of global automation solutions and ongoing onboarding
programs and initiatives across our core domain areas, resulting in
significant expansion and adoption of our global trading partner
network. This efficiency boost has run parallel to a steady
increase in net-new customer acquisition throughout first half of
2024, highlighting Elemica’s market strength.
Continuing the groundbreaking innovation of the
Elemica Network, the company has launched new embedded analytical
dashboards that offer unparalleled visibility into touchless order
rates among other key value metrics, helping customers better
manage their digitization and automation initiatives with trading
partners. Additionally, the Elemica product and engineering teams
continue to raise the bar in the use of artificial intelligence to
both accelerate the speed and quality of the Network’s digitization
processes, as well as improve the daily efficiency to deliver value
to customers faster.
The Elemica Network
The Elemica Network — which harnesses data
and the power of trading partners to create efficiencies and
decrease costs — now facilitates over $1 trillion in annual
commerce. More than 1.2 million transactions are processed daily,
supporting a customer base of over 900.
"Supply chains are critical to the global economy,
and the interconnectedness of the Elemica Network benefits all
trading partners with end-to-end visibility and transparency," said
Eric Sondag, Co-head of Mid-Large Buyout at Eurazeo, a global
investment company and owner of Elemica.
With significant strides in leadership, financial
performance, and operational efficiency, Elemica is well-positioned
to continue its trajectory of success into the second half of 2024
and beyond. The company's unwavering commitment to innovation and
customer satisfaction remains at the forefront of its strategy,
ensuring sustained growth and value for all stakeholders.
About Elemica
Elemica is a leading Digital Supply Chain Network for B2B
industries that accelerates and automates the massive number of
digital connections required to improve end-to-end supply chain
performance. Elemica solutions connect many of the world’s largest
process manufacturers to their direct material suppliers, logistics
service providers and end customers, helping them realize the
promise of, and return on, their investments in supply chain
digitization. It is a promise that significant investments in
digital technology will enable supply chain automation, improved
transparency, and delighted customers. That promise is not possible
without the seamless, digital connections Elemica provides between
trading partners at every stage of the supply chain.
Elemica’s customers enjoy automation levels at
twice industry averages, 95% touchless supply chain processes, and
the value of a trusted partner with 20+ years of expertise in
supply chain automation, collaboration, and visibility. For more
information, visit www.elemica.com.