BoxLock - Experts & Thought Leaders

BoxLock, the supply chain access control platform, announced at The Executive War College on Lab and Pathology Management, the rollout of an updated suite of specimen logistics solutions to meet the most demanding needs of laboratory customers. Over 13 billion specimens were collected annually in the United States pre-pandemic. It’s estimated that over 70% of errors in the clinical testing process occur in the pre-analytical phase before the specimen ever reaches the laboratory for processing. Cam Lock form with Parsyl environmental sensor BoxLock’s new Cam Lock form factor includes Parsyl environmental sensor support, X-Ray capabilities, and new hold time metrics so that laboratories can better service their clients with higher quality lab results, more reliable, efficient specimen logistics, and enhanced visibility. BoxLock Control, the company’s cloud-based platform for managing data and devices, integrates into route management and lab information management systems to help reduce empty stops which account for roughly 30% of all specimen pickup attempts. Specimen logistics solution BoxLock’s specimen logistics solution reduces pre-analytical errors by giving labs and clinics insights Currently in a market with several regional and national laboratories, BoxLock’s specimen logistics solution reduces pre-analytical errors by giving labs and clinics insights into whether there are specimens available for pickup, how many specimens there are, the environmental conditions of the lab box, and critical specimens along with the hold time. This historically elusive information is key to filling in the gap between specimen collection and specimen transportation. Environmental monitoring For environmental monitoring, BoxLock has partnered with Parsyl, the supply chain data platform, makers of the Trek Tab, and Trek Pro sensors. With the IoT devices from both companies and the underlying data, BoxLock and Parsyl can provide critical tools to monitor, prevent and protect specimen quality resulting from adverse conditions. This unique partnership creates an innovative and powerful way for laboratories to maintain the security and quality controls for their specimens throughout the preanalytical phase from clinic to laboratory. Maximising savings BoxLock leverages customers' existing data to help identify how to maximise the potential route savings Working with students and professors from Georgia Tech Supply Chain and Logistics Institute, BoxLock leverages customers' existing data to help identify how to maximise the potential route savings. The net results in fewer drivers needed to service a larger customer base which is critical with labor shortage challenges. BoxLock’s specimen logistics solutions are available from the company’s website and will additionally be available for purchase from McShane Welding, the nation’s proven pioneer in secure, courier, lab pickup box solutions. Service solution This partnership makes BoxLock’s platform as a service solution available as an add-on to the customized boxes that labs are currently purchasing through the same supplier most laboratories are procuring their lab boxes today. BoxLock partners with in-house supply chain and logistics leaders in healthcare, aviation, operations, and B2B e-Commerce sectors to provide customers with a unique suite of solutions that combine market pioneering IoT capabilities with advanced, practical tools for inventory management and access controls.

Group337, a team of experts focused on activating the companies, brands, and people in the security industry through insights, intuition, and ideas, has announced the completion of a new industry report titled, ‘Securing the Supply Chain’. ‘Securing the Supply Chain’ report The ‘Securing the Supply Chain’ industry report, completed in collaboration with BoxLock, examines the Total Addressable Market (TAM) for access control technology within the supply chain. The report, releasing later this month, details findings on the market and the opportunity for access control in logistics. The results focus on five key segments in the supply chain industry - automotive logistics, aviation MRO, healthcare logistics, specimen logistics, and storage and warehouses. TAM for access control within the supply chain We're thrilled to bring further data and insights to the access control industry" Furthermore, the report examines why securing the supply chain is essential, regarding financial loss, risk, and liability, and how access control solutions help solve these problems through accountability, efficiency, and peace of mind. “We're thrilled to bring further data and insights to the access control industry,” said Jonathon Harris, the Vice President (VP) of Group337. Access Control Index Jonathan Harris adds, “Since the release of the Access Control Index last year, we've spent time digging into specific target segments, and we're excited to present the findings from our research showing how access control intersects with supply chain management. We hope this information aids access control business leaders in making more data-driven decisions.” “The secure movement of goods and services has never been more important or complex,” said Brad Ruffkess, the Chief Executive Officer (CEO) of BoxLock.  Controlling access to the supply chain Brad Ruffkess adds, “Our customers have made it clear that controlling access to their supply chain has become one of their biggest challenges. This report further validates the opportunity for access control technology, and the value that real-time visibility and reliable chain of custody tracking can deliver across all facets of the supply chain.”

BoxLock, the supply chain access control platform, announces the hiring of two experienced business executives on the heels of entering a new stage of expansive growth: Michael Coyne will serve as Chief Financial Officer and Andrew Kelley, III as Chief Commercial Officer. Coyne most recently served as Senior Vice President of Strategic Development at Quick International (now Kuehne + Nagel), a highly-specialised logistics and freight forwarding company serving the life sciences, clinical trials, aviation, and other industries. Capital raising transactions Coyne's background includes 19 years as a senior investment banking executive with time spent leading the Supply Chain, Transportation, and Logistics Investment Banking practices for RBC Capital Markets, Piper Sandler, and Deutsche Bank Securities. Coyne has advised clients in completing over 140 mergers & acquisitions and capital raising transactions Over the course of his career, Coyne has advised clients in completing over 140 mergers & acquisitions and capital raising transactions, in excess of $54 billion in value. In addition, Coyne has completed four principal investment transactions worth over $900 million and managed a $1.1 billion bank credit portfolio. Coyne's extensive experience includes transactions for Deutsche Post DHL, Livingston International, Ryder System, United Parcel Service (UPS), and Triton International. Coyne graduated from The Pennsylvania State University and completed the executive education program at The Wharton School. Logistics software solutions Kelley joined BoxLock in 2020 as Chief Commercial Officer to drive BoxLock's B2B go-to-market efforts. He has 20 years of experience in supply chain and logistics, software, finance, and strategic partnerships. Kelley most recently served as CEO of Bell Creek Partners where he provided strategic consulting services to technology founders and private equity firms on supply chain and logistics software solutions. Kelley previously led Corporate Development at Omnitracs and founded a digital-freight matching business. Prior to that, he held senior roles at, Dell, IBM, and UBS after co-founding his first company out of MIT. Kelley graduated from NC State University, has a Masters in Mechanical Engineering from MIT, and an MBA from Harvard Business School. Extensive industry knowledge Having Andrew and Michael as a complement to the team and our incredible board of directors" "We're thrilled with the additions of Michael Coyne and Andrew Kelley to the BoxLock executive team. Both have extensive industry knowledge, experience and leadership skill sets that greatly benefit the organisation and our customers," said Dan McHugh, Chairman of the Board for BoxLock. Brad Ruffkess, BoxLock's CEO and Founder added that "Having Andrew and Michael as a complement to the team and our incredible board of directors, is a meaningful step towards solidifying our position as the leader in supply chain access control solutions." Fulfill widespread demand Coyne and Kelley join BoxLock at a time of rapid growth to fulfill widespread demand for the company's intelligent supply chain access control solutions, which are used by leading healthcare, aviation, operations, and logistics companies to secure and transfer assets in the first, middle and final mile of their 24/7 supply chains. BoxLock technology helps companies drive savings by controlling access to their supply chains using its secure and rugged smart locks that combine integrated barcode scanners and real-time connectivity with a robust suite of cloud-based access control, audit log, and inventory management tools.