Blume Global Strengths, Domain Expertise, and Key Differentiators
Blume Global optimizes the global supply chain, eliminating $1 trillion in waste through innovative logistics solutions. Digitization, once a preference, is now a competitive necessity for shippers and 3PLs, with machine-learning and AI crucial for automation. Blume's digital platform enables real-time prediction and response to disruptions, preventing minor issues from escalating. With the most extensive network, direct connectivity to various carriers, and 27 years of industry data, Blume maximizes transportation efficiency, enhances customer service, and reduces carbon emissions.
Blume Global Recent Developments
In February 2023, Blume Global integrated with BasicBlock, a fintech company transforming financing options for the trucking industry. This integration enables Blume Global's trucking customers to access BasicBlock's freight factoring services through Blume's online platform. BasicBlock, founded in 2018 and accelerated by ZEBOX, has evolved into a leading freight factoring company, offering a comprehensive payment platform for trucking companies nationwide. This collaboration expands cash flow and revenue options for trucking companies of all sizes within Blume's network, ensuring timely payments for drivers.
In January 2022, Blume Global has launched a platform to improve freight visibility with an interline rail schedule solution, saying the tool could help companies that leverage railroad intermodal services to better coordinate cross-country freight deliveries. Built in partnership with Union Pacific Railroad, Norfolk Southern, and CSX, Blume’s end-to-end rail freight scheduler gives users visibility around moving cargo from one railway to another. That is a critical step because cross-country freight deliveries typically require the use of at least two railways and multiple junctions, creating complex schedules that make planning a challenge, said Pervinder Johar, CEO of Blume Global.
Blume Global Mergers and Acquisitions (M&A) Activities
In February 2023, WiseTech Global completed the acquisition of Blume Global, a leading provider of intermodal rail solutions in North America, for a total consideration of US$414 million. Blume, headquartered in the United States, was acquired from funds managed by Apollo, EQT, and other minority shareholders.
In 2022, Blume Global has acquired LiveSource, a multi-enterprise supply chain business network for complex manufacturers. The company, which has offices throughout North America, Europe and Asia, provides sourcing and procurement orchestration technology, among other solutions, to the automotive and industrial manufacturing sectors.
Blume Global Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Blume Global applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Blume Global and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Blume Digital Platform, Blume Real-Time Visibility, Blume Logistics, Blume Supply Chain Orchestration customers.
Blume Global Overview
7901 Stoneridge Drive, Suite 400
Pleasanton, CA, 94588, United States
1 781-263-0200
https://www.blumeglobal.com/
Ownership: - Bridgepoint, Apollo Global Management, EQT Partners
Number of Employees: 650
Functional Markets: ERP Services and Operations, Procurement, SCM,
Key Verticals: Automotive, Consumer Packaged Goods, Distribution, Healthcare, Life Sciences, Manufacturing, Professional Services, Retail, Transportation,
Blume Global Key Enterprise and Cloud Applications
Blume Digital Platform, Blume Real-Time Visibility, Blume Logistics, Blume Supply Chain Orchestration
Blume Global Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Blume Global Revenue Breakdown By Type, $M:
Blume Global Enterprise Applications Revenues By Functional Markets, $M:
Blume Global Enterprise Applications Revenues By Verticals, $M:
Blume Global Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Blume Global Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
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| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Blume Global Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Blume Global Customers
No. of Blume Global Customers: 18000
No. of Blume Global Enterprise Applications Customers: x
No. of Blume Global Cloud Customers: x
No. of Blume Global Cloud Subscribers: x
The company serves over 18,000 logistics firms spanning 170+ countries, with a clientele that comprises 41 of the top 50 global third-party logistics providers and 24 of the 25 largest global freight forwarders. The acquisition enhances WiseTech Global's capabilities by integrating rail into its North American landside logistics offerings.
Blume’s digital operating platform and solutions are used by some of the largest freight railroads, container steam-ship lines, logistics service providers and shippers in the world to manage and track the movement of freight and transportation assets in more than 130 countries. Notable customers include Maersk, Expeditors, Ocean Network Express, Werner, CH Robinson, Union Pacific, CSX, Norfolk Southern, and Kuehne + Nagel.
Blume Global Market Opportunities, M&A and Geo Expansions
In May 2023, Blume Global launched an updated version of its Cognitive Command Center, a cutting-edge, machine learning-enabled control tower designed to address evolving requirements in the global supply chain. This advanced system continually assesses scenarios, identifies opportunities, risks, and issues, offering intelligent recommendations, automating resolutions, and optimizing overall business success.
Blume Global has experienced exponential growth in India in less than two years. Since its Bangalore office opened in 2020, the India team has grown to nearly 400 employees, representing a $10 million investment in the local community. The company's plans for aggressive growth in India is well placed in the backdrop of the Union Budget which had significant focus on the logistics and transport sector. The move to bring Data Exchange among all-mode operators on a unified Logistics Interface Platform, designed for API will be a key factor in Blume Global's India strategy. Given that India's supply chain and logistics costs currently account for 14 per cent of the country's GDP (compared to global average of approximately 8 per cent), this is a great move and will bring India closer to the world standards. Blume can help through its Visibility Solution by utilizing the operator's data by doing the real time tracking of the shipments and also predicting the dynamic ETAs at the final delivery locations.
In September 2021, Blume Global has raised new equity from London-based Bridgepoint Group. This investment will further the company's effort to bring its truly innovative and transformational supply chain digitization to the industry. This latest funding values Blume Global at $500 million, and Bridgepoint joins funds managed by affiliates of Apollo Global Management and EQT as equity investors in the company."
Blume Global Risks and Challenges
Navigating the global marketplace presents a risk for the supply chain company, as intense competition poses challenges in sustaining and expanding market share across diverse regions.
Blume Global Ecosystem, Partners, Resellers and SI
In January 2023, ZEBOX unveiled strategic alliances with Blume Global, a leading multimodal supply-chain orchestration company, and ConGlobal, a major player in integrated intermodal services. These partnerships aim to collaborate with ZEBOX America's expanding portfolio of innovative supply-chain and logistics startups, fostering sustainable global innovation.
In March 2022, Blume Global ties up with TCS to take supply tech solutions into european asian markets. TCS will help its customers in the hi-tech, transportation, logistics and industrial manufacturing markets leverage Blume Global solutions to drive digital transformation. In turn, Blume Global will promote TCS' IT and business services and solutions to its customer base.
Blume Global Cloud Infrastructure Insights
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- Blume Global Public Cloud and Infrastructure (IaaS)
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- Blume Global Application Delivery
- Blume Global Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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