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Omnichain Solutions Wins 2018 Red Herring Top 100 North America Award
Los Angeles startup commended for its upward business trajectory and market-disrupting solutions designed to help brands and retailers drive growth and transform their supply chains
LOS ANGELES - June 26, 2018 - Omnichain Solutions (Omnichain), a supply chain technology startup leveraging the power of Blockchain, announced today that it has been named a winner of Red Herring's Top 100 North America award, a prestigious list honoring the year's most promising private technology ventures in North America. Omnichain was commended for its upward business trajectory and market-disrupting solutions that use Blockchain technology to help brands and retailers drive growth at scale through real-time transparency across their supply chains.
Companies were judged by industry experts, insiders and journalists on a wide variety of criteria including financial performance, innovation, business strategy and market penetration. The winners, celebrated at a special awards ceremony at the Marina Del Rey Hotel, have been chosen from thousands of entrants, whittled down to hundreds making the trip to California. The ceremony, led by Red Herring chairman, publisher and CEO, Alex Vieux, was preceded by two days of keynote speeches, discussions and finalist presentations.
"2018's crop of Top 100 winners has been among our most intriguing yet," said Vieux. "What has excited me most is to see so many people forging niches in high-tech and cutting-edge sectors. We believe Omnichain embodies the drive, skill and passion on which tech thrives. Omnichain should be proud of its achievement: the competition was incredibly strong."
Pratik Soni, co-founder and CEO, Omnichain, said, "It is an honor to be named to this list of forward-thinkers and innovators pushing business and technology into the future. Blockchain is set to transform entire industries, and we are proud to be at the forefront of bringing this technology to the supply chain industry. With goods traversing multiple-often, disparate-production sites, warehouses, e-tailers and retailers, companies need transparency and visibility in order to prevent supply and demand imbalances, ensure they have the right stock to meet demand, and grow their business and revenue. This is what Blockchain delivers and the Omnichain difference."
To learn more about Omnichain and the next generation of supply chain management, please visit: www.omnichains.com.
About Omnichain Solutions
Co-founded by global supply chain expert Pratik Soni and software innovator Ray Young in 2018, Los Angeles-based Omnichain Solutions (Omnichain) provides and implements intelligent, end-to-end supply chain technology solutions. Its demand-driven, Software-as-a-Service (SaaS) platform delivers real-time transparency, trust and efficiency from source to shelf using Blockchain technology. The holistic platform simplifies store-level forecasting and replenishment, optimizes manufacturing planning, eliminates lost sales, and reduces carrying costs, while driving supply chain transparency, accuracy and accountability. With its first-to-market solution, the company holds the U.S. patent for planogram, store- and SKU-level forecasting and replenishment. For more information, visit www.omnichains.com.
More information: http://www.omnichains.com/