Trade compliance management, landed cost calculation and shipment visibility solution for today’s global e-commerce environment
AUSTIN, Texas — October 29, 2020 — e2open, the one place in the cloud to run your supply chain, has enabled GEODIS, a global logistics provider, to improve its competitive advantage. As a third-party logistics (3PL) provider, GEODIS provides its customers with proven expertise in contract logistics, distribution, freight forwarding, road transport and supply chain optimization.
In response to the e-commerce boom and demand, GEODIS wanted to offer solutions to accommodate the unique logistics needs of online retailers servicing customers around the world. Therefore, GEODIS launched MyParcel to provide brands with a simple, innovative way to introduce or increase their e-commerce sales on a global scale. GEODIS MyParcel is an e-commerce shipping service that provides a more realistic price point and transit time between express carriers and postal services. This service relies on e2open for global trade management and logistics, including document determination, landed cost calculation and shipment visibility.
“E-commerce has become global and grown significantly in recent years, creating both challenges and opportunities. To reduce the number of abandoned shopping carts of highly-desirable American-made brands due to expensive shipping costs, GEODIS built a solution for European shoppers that offers the right balance of shipping fees, delivery time and reliability,” says Manoj Pankaj, vice president, cross-border e-commerce at GEODIS.
Easily integrated into e-retailers’ online ordering systems through application programming interfaces (APIs), the service appears as a shipping option to any European customer shopping on e-commerce platforms. When selected, GEODIS MyParcel option allows e-retailers to automatically validate delivery addresses, select customs tariff codes, provide a tax and customs duty calculator, offer an option to reschedule a delivery and track shipments door to door. e2open’s leading applications manage the majority of these capabilities, making it simple for GEODIS to provide the required services.
A client since 2016, GEODIS uses e2open’s Export Management service for automated restricted party screening and trade compliance activities by cross-checking every line of each clients’ commercial and transport document against applicable trade regulations across more than 180 countries. In 2019, GEODIS rolled-out e2open’s Global Logistics Orchestration service for global small parcel tracking on air carriers. GEODIS selected e2open because of its ability to trace shipments from container to pallet down to the small package level, a degree of precision that is critical for international e-commerce and compulsory for compliance with e-tailer terms and conditions. This unified e2open solution handles tracking across multiple modes and complex shipment flows.
“e2open enables our clients to plan and execute the movement of goods anywhere in the world with the agility to respond rapidly to changes,” said Michael Farlekas, president and chief executive officer at e2open. “GEODIS is a great example of harnessing the power of our integrated applications and the world’s most comprehensive and current repository of trade content to shift with demand and successfully manage processes spanning compliance to tracking goods in real-time. We are excited to see the GEODIS business continue to grow and thrive.”
e2open Global Logistics Orchestration has delivered significant measurable benefits to GEODIS, immediately improving the company’s ability to efficiently move and track approximately 2.5 million international parcel shipments per year, with the ability to scale to meet growing needs. With plans to grow the e-commerce market in the coming months, GEODIS continues to add more of e2open’s functionality to improve its customers’ supply chains.
To Learn More about e-commerce order processing capabilities for logistics service providers, download our eBook: Transform Global E-Commerce and Maximize Customer Experience.
At e2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply and logistics ecosystems. e2open is changing everything. Demand. Supply. Delivered. Visit www.e2open.com.
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Forward Looking Statements
This Announcement is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the business combination between e2open and CCNB1 (the “Business Combination”) and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of CC Neuberger Principal Holdings I (“CCNB1”) or e2open, LLC (“e2open”), nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Certain statements in this Announcement may be considered forward-looking statements. Forward-looking statements generally relate to future events or CCNB1’s or e2open’s future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by CCNB1 and its management, and e2open and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the Business Combination; (2) the outcome of any legal proceedings that may be instituted against CCNB1, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of CCNB1, to obtain financing to complete the Business Combination or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that e2open or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) e2open’s estimates of expenses and profitability; and (12) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in CCNB1’s final prospectus relating to its initial public offering dated April 23, 2020.
Nothing in this Announcement should be regarded as an Announcement by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither CCNB1 nor e2open undertakes any duty to update these forward-looking statements.
In connection with the Business Combination, including the domestication of CCNB1 as a Delaware corporation, CCNB1 intends to file with the SEC a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus of CCNB1, and after the registration statement is declared effective, CCNB1 will mail a definitive proxy statement/prospectus relating to the proposed Business Combination to its shareholders. This Announcement does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. CCNB1’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed Business Combination, as these materials will contain important information about CCNB1, e2open and the Business Combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed Business Combination will be mailed to shareholders of CCNB1 as of a record date to be established for voting on the proposed Business Combination. Shareholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: CC Neuberger Principal Holdings 1, 200 Park Avenue, New York, NY 10166.
Participants in the Solicitation
CCNB1 and its directors and executive officers may be deemed participants in the solicitation of proxies from CCNB1’s shareholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in CCNB1 is contained in CCNB1’s final prospectus related to its initial public offering dated April 23, 2020, which was filed with the SEC and is available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to CC Neuberger Principal Holdings 1, 200 Park Avenue, New York, NY 10166. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed Business Combination when available.
e2open and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of CCNB1 in connection with the proposed Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed Business Combination will be included in the proxy statement for the proposed Business Combination when available.