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Perishable Order Management: Stabilizing Yo-Yo Demand in Food and Grocery, 13 Consumer Habits of Interest to Foodservice Distributors Right Now, Multi-Channel Pricing Strategies MUST Get Smarter, Blue Ridge Price Optimization Solution Achieves Built for NetSuite Status, Supply Chains Are Rethinking Their Low-Cost Focus, Foodservice Fresh Product Forecasting & Perishable Order Management Solutions, 3 Capabilities Essential to Supply Chain Agility, 10 Eye-Popping Statistics About Retail Inventory Planning, Cost-Saving IBP Software is the Key to Strategic Recovery, 4 Pricing Strategies Youve Probably Never Tried, Blue Ridge Supply Chain Planning Achieves Veracode Team Certification, Inventory Reduction is Strong Business Defense Against COVID-19, COVID-19 Supply Chain Resources and Recovery Strategies, 3 Supply Chain Risk Planning Areas Forever Changed by COVID-19, The Power of AI in Supply Chain Analytics, Isolas Leap into Cloud-Based Supply Chain Planning Solutions, Coronavirus Economic Effect on Supply Chain: Were Not All on the Same Page, Retail Pricing Strategies to Reverse Margin Erosion, Blue Ridge Sales & Operations Planning Achieves Built for NetSuite Status, Distribution and Supply Chain Management Best Practices: Stuff We Can Learn from Lean Manufacturing, 5 Reasons Execs Nix the Budget Request for SCP Software (and How to Change Their Minds), Useful Shortcut Map for Supply Chain Software in Europe, Hurricane Season: Tips for Supply Chain Disaster Preparedness, MacPhersons Reduces Uncertainty Around Import Lead Times While Maintaining 95% Fill Rate with Blue Ridge Cloud-Native SCP Solutions & LifeLine, Why Supply and Demand Chain Executives Seeking Agility Need IBP, Creating Agile Supply Chains through S&OP Solutions. In the agreement, the OCC required the bank to adopt, implement and adhere to a written program to effectively assess and manage the risks posed by the bank's third-party fintech relationships. For almost a generation, Sverre has marketed, sold, designed, and implemented Supply Chain Planning solutions throughout Europe and now oversees Blue Ridges operations in the Nordics. Since then, Blue Ridge has been investing in talent and technology to enhance its capabilities to work with third parties, Brian Plum, the bank's CEO, and Kirsten Muetzel, the newly appointed president of the bank's financial technology division, said in a joint interview. Kens history includes supply chain management solution companies like Blue Yonder (formerly known as JDA Software) developing modern partner programs, ParkourSC (formerly known as Cloudleaf) in IoT and digital twin solutions, and Cisco Systems leading business He also held marketing leadership positions at The Rainmaker Group and Marketo, an Adobe company. How Demand Planning Benefits Your Business? Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named Blue Ridge as a Santhosh brings more than 17 years of experience in software development, consulting services, customer success, and information technology. Food Logistics annual Top Green Providers recognizes companies whose products, services, or exemplary leadership are enhancing sustainability within the food and beverage industry. Having seen the Blue Ridge solutions save companies and turn them into profitable and rewarding companies to work in, Sverre has become passionate about the immense value that the solutions bring to the table all from breakthrough changes in the Annual Statements to creating new and enriching job content for our heroes, the Supply Chain Planners, to management gaining full control of the company, and for the owners who see their investment prosper and thrive. Blue Ridge's total assets have grown to $2.67 billion as of the fourth quarter of 2021 from $1.50 billion in the year-ago period, driven by both organic growth and the string of deals, including a merger of equals with Bay Banks of Virginia that closed in January 2021. Supply Chain Management Disruption: To Prepare, or Not Prepare? Thank you to Jim and the entire team at Blue Ridge for welcoming me and laying the groundwork for huge growth ahead.. (Randall K. Wolf via AP) Prior to working for PE firms, she began her career at a Supply Chain-focused Management Consulting firm headquartered in NYC. "Where they play, there's plenty of opportunity. Around the same time as the OCC agreement, Aeldra's website stated the company was "winding down its operations" and terminating accounts associated with its partnership with Blue Ridge Bank. Shiny Happy People: Duggar Family Secrets trailer released, Exclusive video captures Chinese warship nearly hitting U.S. destroyer in Taiwan Strait, Diplomats try to repair U.S.-China relations, Nova Scotia wildfires: Crisis largely under control, officials say, U.S. military releases video of close encounter with Chinese warship in Taiwan Strait. DOM, Faculty, NIH, Research. Muetzel's hiring in January is seen as a key part of the bank's effort to address the OCC's requirements. After 5-years of strong annual growth, current CEO Jim Byrnes to transition to Board of Directors. Other Blue Ridge partnerships include Aeldra Financial Inc., a neobank targeting customers outside of the U.S., and Unit, a banking-as-a-service platform. In the long term, the community bank remains committed to exploring the economic benefit of banking as a service, the executives said. Achieving a resilient supply chain sits at the intersection of demand, price, and inventory where a companys customers, suppliers, and operations meet. He is responsible for managing the entire India operations and product delivery. "We're constantly updating how we view it to make sure that we are managing the financial side in a way that it does properly reward us in the long run for the risk," Plum said. Part 2 of 2, 10 Inventory Analytics Numbers Every Exec Should Care About, The Growing List of Surprisingly Seasonal Items, Is Your DOM Forecasting Strategy on the Wrong Path? Before that, Sam was VP Finance at Netsurion (Providence Strategic Growth), Director Finance at Model N (NYSE:MODN), and led FP&A at Greenway Health (Vista Equity Partners). His background also includes extensive S&OP, supply chain planning, and logistics experience with management and consulting roles at Steelwedge, Honeywell, and i2 Technologies. The expansionary moves may have piqued regulators' interest, said Christopher Marinac, an analyst with Janney Montgomery Scott. Home - Blue Ridge Life Magazine The main driver has been the potential to grow deposits and noninterest income, Muetzel noted. Machine learning technology has improved price recommendations and made it easy to forecast the financial impact of price changes accurately. Blue Ridge has 10 active fintech partnerships to help fuel growth, Plum said. Will HarawayBackbeat Marketingwilliam@backbeatmarketing.com404.593.8320, A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dec8f687-7338-4288-9d2d-405f1a069722, Food Logistics annual Top Green Providers, https://www.globenewswire.com/NewsRoom/AttachmentNg/dec8f687-7338-4288-9d2d-405f1a069722. "As well evidenced by the formal agreement, there's risk we are absorbing for being on the frontlines of change in the industry, and you just want to make sure that you have proved that the economics work out when it's all said and done.". Laura received a BS in Business Administration from Delaware Valley University and is dedicated to organizational growth and company culture. We've got a saying. Platform FAQs Laura received a BS in Business Administration from Delaware Valley University and is dedicated to organizational growth and company culture. He was thrilled to join Blue Ridge after seeing the positive impact their software has on their customers and meeting the extremely driven, talented, and wonderful team Blue Ridge has assembled. Prior to joining Blue Ridge, Laxmikant executed large-scale, complex IT transformation programs in leading IT organizations such as Accenture, IBM, Wipro, and Ness Technologies. A number of additional requirements are centered on improving Bank Secrecy Act, or BSA, risk assessment and controls. Corporate Actions & Securities Processing 2023 EMEA User Group Forum, Sustainable Datacenters: The Intersection of Innovation and Lifecycle Design, How to Adapt to Digital Disruption in Financial Services: Driving change through digital experiences and flexible data delivery. years. A handful of U.S. banks have leaned into fintech as their primary business model. Why? Whitepaper, 6 Noteworthy Trends the Dutch Food Industry is Finding from COVID Round 2 (Part 5), Supply Chain Acronyms: The 2020 Edition, Mestergruppen AS Selects Blue Ridge Supply Chain Planning to Strengthen Profitability and Maximize Profit Margins, Hesselberg Selects Blue Ridge Supply Chain Planning and Price Optimization to Strengthen Profitability and Maximize Profit Margins, Blue Ridge Partners with Affiliated Distributors to Deliver Supply Chain Planning to Independent Distributors and Suppliers, Blue Ridge Named to Food Logistics FL100: Top Technology Providers for 2020, Even Santa Had to Rethink His Supply Chain this Year: Letter From an Elf, How to Build Supply Chain Resiliency Now and in 2021, Everflow Supplies Inc. Selects Blue Ridge Planning Platform to Streamline Supply Chain Processes, 6 Noteworthy Trends the Dutch Food Industry is Finding from COVID Round 2 (Part 4), Supply Chain Planning, Forecasting and Pricing Sessions from BLUEPRINT 2020 Conference Now Available On-Demand, Some Good News for EU Retailers About Peak Season. Chief Product & Technology Officer. Here Are Lots of Stats, 11 Benefits of Shifting Inventory Risk onto the Manufacturer, Data Analytics: A Competitive Edge for Supply Chain Management, Lora Cecere and Adrian Gonzalez Join BLUEPRINT FREE Supply Chain Conference, Supply Chain Expertise and Best Practices Are on the Menu at Virtual BLUEPRINT 2020 Conference, Grilstad Selects Blue Ridge Supply Chain Planning Solutions to Execute a Better S&OP Process, 6 Statistics That Prove Supply Chain Visibility Matters. Atlantic Union Bankshares Corp., F.N.B. For more information, go to www.blueridgeglobal.com. Jim Byrnes is the Executive Chairman of Blue Ridge, where he brings a proven track record in growing profitable application and consulting businesses. Most recently, Tim helped grow SPINS as a product and technology leader to a successful $1.3B exit in 2021. Blue Ridge Life Magazine Your Source for Life in the Blue Amherst County, Virginia Additionally, Nnamdi was instrumental as Vice President of Marketing at GreenSky, a Goldman Sachs company, in the companys successful IPO. Prior to joining Blue Ridge, Santhosh led the successful implementation of supply chain solutions and transformations for enterprise organizations. Nnamdi is the Chief Marketing Officer for Blue Ridge and is responsible for driving and scaling the demand generation that fuels growth. Virginia plane crash: Trump donor's family feared dead after F-16s With over 15 years of experience in talent acquisition and HR services, she currently serves as the Head of Talent and HR for Blue Ridge. Henry Schein Inc. Each year, the criteria for earning a spot on the list become more stringent for applicants. Sam holds an MBA from the University of Florida and a Bachelors from the University of Michigan. Those managers will have access to all of the necessary resources to ensure the success of partnerships, she said. He also led the BYU Cougars Mens Swim Team as Captain in his undergraduate Prior to that, in November 2021, Blue Ridge Bankshares disclosed that the OCC identified certain regulatory concerns with Blue Ridge Bank. Route 250 Online Competition is Forcing Reckless Pricing (Heres How to Avoid it), Astrup AS Selects Blue Ridge Supply Chain Planning Solutions to Forecast Demand More Reliably While Reducing Inventory Levels, Webinar Answers the Question: Whats the ROI of Supply Chain Planning Solutions?. Will this COVID-19 Pandemic Change Supply Chains Forever? Mike Mills - Consultant - BlueRidge Inventory Group The bank is also strengthening the due diligence process to learn and monitor its fintech partners' compliance practices in anti-money laundering and consumer protection on a regular basis, as well as their financial conditions, she added. Supply Chain Risk Management: Are You Flying Blind? by Blue Ridge Bank and the OCC, or the OCC modifies, waives or terminates the agreement. Tim is passionate about understanding customers and their challenges and then creating solutions that address them head-on. The bank must also secure a non-objection from the OCC for any future fintech partnerships. Blue Ridge Announces 13th Annual BLUEPRINT Conference for 2022, How to Forecast Demand for your Supply Chain, Navigating Food Distribution in a Disrupted Market. ", Plum said he is aware of the letter. From technology that reduces a fleet's carbon footprint, to software that helps shippers drive energy efficiency, to systems and processes that decrease the environmental impact of their customers supply chains, these Top Green Providers continue to practice the ultimate in sustainability year over year, said Marina Mayer, editor-in-chief of Food Logistics. Corporate Actions & Securities Processing 2023 EMEA User Group Forum, Sustainable Datacenters: The Intersection of Innovation and Lifecycle Design, How to Adapt to Digital Disruption in Financial Services: Driving change through digital experiences and flexible data delivery. Types and Models of Inventory Forecasting, Blue Ridge Facilitates Supply Chain Success Again, Blue Ridge Tops the Ranks in G2s Best Software Awards for 2023, A Quick Guide to Reverse Logistics in the Supply Chain, Best Practices for Retail Supply Chain Management, Why Supply Chain Forecasting Is Mission-Critical to Your Business Success. Blue Ridge Bankshares' most recent annual Form 10-K filing from March 2022 disclosed 10 active fintech partnerships. We are pleased to be part of the solution to that battle alongside some of the worlds top foodservice distributors.. MentorWorks did not reply to a request for comment. Blue Ridge Career Diaries: Pritam Deokule, Fuel for Choosing a Planning for NetSuite Software Provider, Blue Ridge Global Promotes Santhosh Srirambhatla to Chief Technology Officer, What is the Economic Outlook for World Trade? 2023 Robert P. Hebbel Research Day Rundown WebWe Put You At The Center Of Supply Chain Success. Virtual Conference for NetSuite Users, 3 COVID-19 Hangover Cures for Supply Chain Executives: Part 2, 3 COVID-19 Hangover Cures for Supply Chain Executives: Part 1, A Handy Hack for Comparing Supply Chain Planning Solutions, Supply Chain Collaboration and S&OP Are Key to Unwinding Disruption, Predictive vs. Prescriptive vs. Cognitive Supply Chain Analytics, Firms Will Drive $2T a Year in Value from Machine Learning in Supply Chain Management, Blue Ridge Enhances Machine Learning Capabilities for Price Optimization, The 3 Ss Plaguing Your HVAC Customers: Part 3, The 3 Ss Plaguing Your HVAC Customers: Part 2, The 3 Ss Plaguing Your HVAC Customers: Part 1, 3 New Mindsets for the Post-COVID-19 Growth Agenda, Highly Digitized, Agile Supply Chains Have an Opportunity to Seize, Blue Ridge Global Named a 2020 Top Green Provider for Food Industry, How to Shut Down the Bullwhip Effect in Supply Chain. Sam has held financial leadership roles with many high-growth SaaS companies, from sub-$10 million to $300 million+ ARR. From modeling, right-sizing inventory, and seamless collaboration, Blue Ridge bases its success on an increase in customer profitability and service levels. Jim Byrnes is the Executive Chairman of Blue Ridge, where he brings a proven track record in growing profitable application and consulting businesses. Student Borrower Protection Center, one of the letter's signatories. Building on the companys success under Byrnes, Hawkins will execute the strategy to support Blue Ridges mission to be the preferred supply chain planning and pricing solution for the most complex supply chains globally. He holds an MS in Industrial Engineering from Arizona State University and a Bachelor of Engineering in Mechanical Engineering from Osmania University. Laxmikant holds a Bachelor of Engineering in Electronics from Mumbai University and Post Graduation in Finance Management from MIT, Pune. Sam began his career at PricewaterhouseCoopers (PwC). For almost a generation, Sverre has marketed, sold, designed, and implemented Supply Chain Planning solutions throughout Europe and now oversees Blue Ridges operations in the Nordics. An ISA is an alternative to traditional student loans where a student receives education funding in exchange for a portion of their income after graduation. ATLANTA, June 17, 2020 (GLOBE NEWSWIRE) -- Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named Blue Ridge as a 2020 Top Green Provider, recognized in the June 2020 issue of the publication. Chief Product & Technology Officer. Kens history includes supply chain management solution companies like Blue Yonder (formerly known as JDA Software) developing modern partner programs, ParkourSC (formerly known as Cloudleaf) in IoT and digital twin solutions, and Cisco Systems leading business "We don't look at it right now as you have to make a strategic choice between 'are you going to be a traditional bank or are you going to be a bank that works with fintechs?'" The bank is required to create a compliance committee consisting of at least three of the bank's directors to monitor compliance with the agreement. FVCBankcorp did not reply to a request for comment. Contact Us, Security Policy What is Sales & Operations Planning (S&OP) Before that, Sam was VP Finance at Netsurion (Providence Strategic Growth), Director Finance at Model N (NYSE:MODN), and led FP&A at Greenway Health (Vista Equity Partners). What Causes the Bullwhip Effect in Supply Chain? How To Create a Culture for Innovative Forward Buying Feat. Blue Ridge Global ABA announces honorees for this years top pro bono awards fair lending laws if the terms of the product are based on qualitative measures, the letter claims. He is responsible for all aspects of product development, including cloud operations. Show Me How. Prior to joining Blue Ridge, Laxmikant executed large-scale, complex IT transformation programs in leading IT organizations such as Accenture, IBM, Wipro, and Ness Technologies. Market Intelligence Thats why major retailers and distributors rely on Blue Ridge for a more foreseeable future. Marinac said the termination may be a "blessing in disguise" for FVCBankcorp to operate independently during the anticipated environment of increasing loan demand and rising interest rates in 2022. Im eager to begin this amazing opportunity to join a well-established leader in supply chain planning at such an exciting time for the company and critical time for the market, says Hawkins. Pricing Strategy #6: Youd Be Dumb to Over-Rely on Cost-Plus Pricing vs. Science, Pricing Strategy #5: Youd Be Dumb to Ignore Shrinking Revenue and Profits, 5 Supply Chain Industry Trends Emerging from COVID-19. He previously ran the US operations of Ability as President of the supply chain management solutions provider. Another one of its partnerships disclosed in the Form 10-K caught flak from a coalition of nonprofits. WebBlue Ridge Solutions. Blue Ridge Bank focused on OCC agreement before expanding Under the agreement, Blue Ridge Bank must adopt, implement and adhere to a written program to effectively assess and manage the risks posed by the bank's third-party fintech relationships, according to a Form 8-K filed by Blue Ridge Bankshares. Retailers cant survive without price optimization, and now distributors are following suit, said Cliff Isaacson, Blue Ridge Executive Vice President of Product Strategy. "I think this team has already done a ton of the work that they need to do against this written agreement," Muetzel said. News & Events; Geriatrics, Palliative and Primary Care. WebRead real-time breaking news as it develops with the ABC7 News Feed. 6 Trends the Food Industry Can Learn from Dutch Supermarkets (Part 3), 6 Trends the Food Industry Can Learn from Dutch Supermarkets (Part 2), Inside Chewys First Automated Fulfillment Center, A Couple of Coca-Cola and SAP Guys Talk Supply Chain Best Practices, 6 Noteworthy Trends the Dutch Food Industry is Finding from COVID Round 2 (Part 1). "Our primary focus is to satisfy the formal agreement. The meeting was a general information session on ISAs, and the agency did not discuss Blue Ridge Bank, Kaufman said. With his executive and corporate strategy experience, he has created and lead programs working across major strategic partnerships, large and small consultancies, channel partners, and technology alliances. /marketintelligence/en/news-insights/latest-news-headlines/blue-ridge-bank-focused-on-occ-agreement-before-expanding-fintech-partnerships-73891553 For example, the editorial staff evaluates a companys participation in such programs as the EPAs SmartWay and other recognized sustainability programs; facilities that are LEED-certified, and/or feature solar panels, LED lighting and other energy-saving installations and retrofits that produce measurable reductions in GHG emissions. HVACR Distribution Stats: The Good, The Bad, The Ugly, Who To Involve? Most recently, Tim helped grow SPINS as a product and technology leader to a successful $1.3B exit in 2021. An investigation is underway in a suspected hit-and-run that resulted in a fatality early May 30 on the Blue Ridge Parkway, according to a news release from the National Park Service.
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