Overhaul Acquires SensiGuard to Become Largest In-Transit Supply Chain Cargo Security Provider: In a recent move that is set to shake up the supply chain security industry, Overhaul has acquired SensiGuard to become the...
In a recent move that is set to shake up the supply chain security industry, Overhaul has acquired SensiGuard to become the world’s largest in-transit cargo security provider. The acquisition, completed earlier this week, brings together two companies that have been at the forefront of innovation in the supply chain security and tracking field. This acquisition is a significant win for Overhaul’s, as it positions the company as a leader in the industry and increases its media presence.
According to Statista, the global supply chain management market was valued at 15.85 billion U.S. dollars in 2020 and is expected to reach almost 31 billion U.S. dollars by 2026. This growth highlights the increasing importance of supply chain management and security solutions in business. In 2020, Germany’s SAP was the leading supply chain management software supplier, with revenue of around 4.4 billion U.S. dollars.
By combining Overhaul’s expertise in supply chain visibility and analytics with SensiGuard’s cutting-edge security technology, the newly merged company will be able to offer a comprehensive solution that addresses the needs of businesses across a wide range of industries. This will include real-time tracking and monitoring of shipments and tamper-proof security systems that ensure the integrity of the supply chain from start to finish.
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