Latest news with #Doss
Yahoo
23-05-2025
- Business
- Yahoo
Doss reinvents ERP for a faster, smarter supply chain
For supply chain and operations professionals, efficiency is a survival imperative. As consumer demands shift and competition intensifies, companies without visibility and control across their supply chain find themselves perpetually fighting fires rather than fueling growth. Forward-thinking startup Doss has created AI-fueled software offerings designed specifically to help businesses both understand and improve their supply chain operations. The company is redefining enterprise resource planning (ERP) with its Adaptive Resource Platform (ARP). Unlike more traditional offerings that often require companies to adapt their processes to fit rigid software (and teams of consultants to implement over 12-18 months), Doss is committed to understanding each customer's business to build a dynamic system that grows with customers as they scale. 'We focus on helping design a solution around our customers' actual businesses as opposed to forcing them to design their business around our software,' said Wiley Jones, co-founder and CEO of Doss. While conventional ERP implementations require months of business process reengineering and custom development, Doss' adaptive architecture enables configuration in weeks. Unlike systems that force rigidity in how the data is organized, Doss' platform evolves as your business changes. Add new sales channels, product lines or fulfillment methods without expensive reconfiguration projects or system overhauls. On the surface, the company's offering may sound similar to existing customized enterprise software options. The Doss difference, however, lies in its ability to offer a customer-centric approach at record-breaking speeds, without the need for a lengthy or third-party implementation. In fact, the company is able to deliver a bespoke solution four to 10 times faster than conventional methods. 'This comes down to the way we are using AI to configure the product and the systems architecture from the ground up,' Jones said. In the beginning, Doss aims to help customers answer three important questions: Do I know what I am producing? Do I know what I have in inventory? Do I know what I am selling? For many companies, finding the answers to these questions can prove difficult due to disparate workflows and piecemeal recordkeeping. Once brands gain that understanding, however, it can become a foundation for automation. Doss is able to help companies put those types of analytics on autopilot, ensuring continuous visibility into their operations. The company's software addresses the complexities that arise when companies expand their operations across multiple sales channels. With DossARP, businesses gain a unified view of their inventory, enabling them to understand current demand, anticipate future stock requirements and plan production needs effectively. This holistic perspective is crucial for companies aiming to respond swiftly to market changes and scale efficiently. The ARP system integrates various operational aspects, from order to inventory and fulfillment, providing real-time tracking of physical goods. With over 30 prebuilt connectors, Doss facilitates seamless integration with essential business tools, allowing for the aggregation of orders across different platforms and automatic synchronization of data from third-party sources and warehouses. Doss is especially appealing to companies that sell directly to end customers and are scaling quickly. Many of these businesses operate more like brands than traditional companies — they're built around customer experience, fast delivery and agility. But that front-end promise requires strong back-end systems. That's where Doss fits in. 'We work with companies that are often turning over different rocks every day just to make their systems run,' Jones said. 'Our job is to simplify that middle layer.' With Doss' AI tools layered in, businesses can also forecast better and unlock new efficiencies that were previously out of reach. It's a significant shift from the manual, siloed processes that still dominate many midmarket and growing enterprises. The company's innovative approach has garnered attention, leading to an $18 million Series A funding round led by Theory Ventures. The investment will support Doss' expansion efforts beyond the U.S. market and further development of its core platform. For now, Doss remains focused on what it does best: helping growing businesses bring clarity, automation and speed to their supply chain operations. It's a modern take on ERP –– one designed not just to manage resources, but to help businesses actually move faster. Click here to learn more about Doss. The post Doss reinvents ERP for a faster, smarter supply chain appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
Consumer spending slumps pull down Graphic Packaging's results
This story was originally published on Packaging Dive. To receive daily news and insights, subscribe to our free daily Packaging Dive newsletter. By the numbers: Q1 2025 Net sales: $2.12B Down 6.2% year over year Net income: $127M Down 23% year over year Consumer drag: Graphic Packaging International faced 'considerable pressure as already-stretched consumers pulled back further' in the first quarter of 2025, said CEO Mike Doss on Thursday's earnings call. 'Results were significantly below our expectations.' Volume shifts: While sales volumes in the Americas were down 1%, the international business was up about 3%; however, GPI is starting to see consumer pullback in those geographies, too. Two key markets — food as well as health and beauty — showed slight sequential volume improvements, while food service and household products were flat. Coffee and tea segments showed gains as consumers shift to making the beverages at home instead of visiting coffee shops. Similarly, value-seeking consumers helped to boost growth in private label. Little help from customer promotions: The beverage segment, which represents 25% of GPI's sales, was down for the first time in two years, despite higher promotional activity, Doss said. Overall, customers' promotional activity in Q1 didn't drive meaningful volume improvement, including for consumer packaged goods and at quick-service restaurants, Doss said. He noted that GPI customer McDonald's reported a Q1 sales slump in its earnings release Thursday, with U.S. same-store sales shrinking 3.6% — the QSR's largest dip since the COVID-19 pandemic-driven plunge of 8.7% in Q2 2020. The 'vast majority' of GPI's customers experienced 3% to 4% declines in Q1, Doss said. Waco and other investments: The new recycled paperboard mill in Waco, Texas, still is on track to open in the fourth quarter. After that, GPI intends to spend less on such projects. For 2025, the company anticipates $700 million in total capital expenditures, while holding capital spending levels to about 5% of sales in 2026 and subsequent years, said CFO Stephen Scherger. GPI said its capital spending peaked in 2024 at $1.2 billion. Reworked closure timing: GPI is re-examining the timing for closing its recycled paperboard plant in East Angus, Quebec, due to trade uncertainty. 'It might just change modestly, depending on trade and tariffs there. We need to make sure that we take care of our customers, our Canadian customers,' Doss said. Previously, GPI had said it would close East Angus and a coated recycled paperboard manufacturing facility in Middletown, Ohio, upon Waco's opening. However, it announced last month that it would close Middletown by June 1, affecting 130 employees. Outlook: GPI adjusted its 2025 outlook to account for increased economic uncertainty, input cost inflation and consumer pullbacks. It now anticipates volumes will be flat to down 4%, compared with the previous assumption of up 1% to 3%. Adjusted earnings before interest, taxes, depreciation and amortization for 2025 is now projected to be $1.4 billion to $1.6 billion, down from a previous projection of $1.66 billion to $1.76 billion. The $1.4 billion low end is the least likely scenario and would reflect a 4% decline in volumes, which 'would be a truly unique environment not seen before, where we might have both a combination of inflation and significant volume erosion — kind of a deep recessionary, stagflation-type scenario,' Scherger said. Recommended Reading Packaging manufacturers post Q1 results Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Graphic Packaging Holding Company Announces New Share Repurchase Plan Authorization
ATLANTA, May 1, 2025 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK) ("Graphic Packaging", or "the Company"), a global leader in sustainable consumer packaging, today announced that its Board of Directors has approved a new $1.5 billion share repurchase authorization. This authorization is in addition to the July 27, 2023 share repurchase authorization under which $365 million remains available, bringing the aggregate available authorization as of April 30, 2025 to $1.865 billion. The new authorization allows for the repurchase of shares from time to time through open market repurchases, privately negotiated transactions and Rule 10b5-1 plans in accordance with applicable securities laws. The timing of repurchases, if any, will depend on a range of factors including market conditions, the Company's financial condition, debt maturities, and cash flow. Graphic Packaging President and CEO Michael Doss said "With the last major investment of Vision 2025 moving toward completion, the Company's capital spending needs will decline significantly. While we will always prioritize reinvestment to maintain and build on our leadership position in sustainable consumer packaging, we expect to generate cash well in excess of our needs over the next several years." The Company's Board of Directors previously approved a ten percent increase in the quarterly dividend to $0.11 per share, paid on April 5, 2025 to common stockholders of record at the close of business on March 15, 2025. "We measure every potential investment against the alternative of repurchasing our stock, and expect to return a substantial amount of available cash to stockholders in the months and years ahead through a growing dividend and opportunistic share repurchase activity" Mr. Doss added. Investors: comms@ Forward Looking Statements Any statements of the Company's expectations in this press release, including, but not limited to the timing of the completion of the major investment in Waco, TX, future spending needs, and future cash generation, a growing dividend, and returning cash to stockholders, constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company's historical experience and its present expectations. These risks and uncertainties include, but are not limited to, inflation of and volatility in raw material and energy costs, changes in consumer buying habits and product preferences, competition with other paperboard manufacturers and product substitution, the Company's ability to implement its business strategies, including strategic acquisitions, productivity initiatives, cost reduction plans and integration activities, as well as the Company's debt level, currency movements and other risks of conducting business internationally, the impact of regulatory and litigation matters, including the continued availability of the Company's U.S. federal income tax attributes to offset U.S. federal income taxes and the timing related to the Company's future U.S. federal income tax payments. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and the Company undertakes no obligation to update such statements, except as may be required by law. Additional information regarding these and other risks is contained in the Company's periodic filings with the Securities and Exchange Commission. About Graphic Packaging Holding Company Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, designs and produces consumer packaging made primarily from renewable or recycled materials. An industry leader in innovation, the Company is committed to reducing the environmental footprint of consumer packaging. Graphic Packaging operates a global network of design and manufacturing facilities serving the world's most widely recognized brands in food, beverage, foodservice, household, and other consumer products. Learn more at View original content to download multimedia: SOURCE Graphic Packaging Holding Company Sign in to access your portfolio
Yahoo
29-04-2025
- Yahoo
Putnam County deputy finds himself in the right place at the right time — again
PUTNAM COUNTY, Tenn. (WKRN) — A Putnam County deputy with a history of being in the right place at the right time has done it again. In March, News 2 covered a story about a Putnam County deputy who saved a toddler's life on St. Patrick's Day. The toddler was reportedly choking and Deputy David Woods performed the Heimlich Maneuver for several minutes, expelling a nickel from the child's mouth. Earlier this month, on April 15, Woods was in the right place again, helping fight a fire that threatened a family's home in Putnam County. VIDEO: Putnam County deputy saves choking 1-year-old after quick response News 2 obtained body camera video of the moments that morning on Waterplant Road when Woods arrived to a barn fire that was burning out of control. According to Putnam County Fire Department Deputy Chief Charles Doss, the wind was blowing hard and embers were flying, which ignited the dry grass. 'The fire ran through the dry grass and burned up to the base of the house,' said Doss. As seen on video, Woods rushed up to the homeowner, grabbed a fire extinguisher and sprayed the fire that was only a few feet from the home. 'How much of a difference did that make saving that guy's property?' asked News 2's Andy Cordan. 'All the difference in the world, because it extinguished the fire at the house itself and kept it from coming into the house,' replied Doss. Putnam County deputies seize cash, firearms and drugs from man with prior felony conviction Moments later, crews with the Putnam County Fire Department arrived on scene. Doss said the engine was driven by one firefighter, who then had to set up the equipment and hook up to the hydrant. Woods could then be seen grabbing the hose and pulling it toward the burning barn to spray water on it. 'When our first engine got on scene, we always have a pre-connected line ready to go, but we only had one firefighter on board, so the deputy assisted in pulling the hose off and go to spray some water,' explained Doss. 'He said he got to live his lifelong kid dream of being a firefighter, he got to do it there.' ⏩ According to Doss, firefighters agreed that the quick-acting deputy helped saved the home. 'We have a couple of deputies anytime something goes on they are right in the mix of it, and always in the right area at the right time,' added Doss. Fire officials told News 2 there was no power to the barn or dangerous weather in the area when the blaze occurred. No injuries were reported and the cause remains under investigation. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18-04-2025
- Sport
- Yahoo
Walton's Doss sweeps at state championship meet
LAKELAND, Fla. (WMBB) – Walton senior weightlifter, Hoss Doss took first place in both the Olympic and Traditional events at the FHSAA Weightlifting State Championships. Doss had a 650 total for Traditional (Clean and Jerk and Bench Press) and a 545 total for Olympic (Snatch). Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
