- SpotLite360 (LITE) has retained Sewald Hanfling to commercialize its SaaS-based supply chain solution
- Founded in 2012, Hanfling is a public affairs firm with specialties in government affairs, lobbying and business development
- The one-year agreement will see Hanfling execute business strategies in the health care, pharmaceutical and cannabis sectors
- SpotLite360 IoT Solutions is a supply chain logistics technology solutions provider
- SpotLite360 (LITE) closed up by 1.2 per cent trading at $0.42 per share
SpotLite360 (LITE) has retained Sewald Hanfling to commercialize its SaaS-based supply chain solution.
The one-year agreement will see Hanfling create and execute business strategies in the health care, pharmaceutical and cannabis sectors.
Founded in 2012, Denver-based Sewald Hanfling is a public affairs firm with specialties in government affairs, lobbying and business development.
The company chose Hanfling due to its recognition of how blockchain and IoT technologies can unlock business value, optimize workflows, improve visibility and facilitate compliance.
SpotLite360’s software ensures stakeholder accountability through immutable reporting on a distributed ledger through autonomous tracking instruments.
SpotLite360’s recent agreement with one of the longest-established cannabis dispensary operators in Colorado stands to benefit from Hanfling’s expertise.
The deal also affords SpotLite360 an opportunity to encourage policy changes through Hanfling’s nationwide network of elected officials overseeing the health care, pharmaceutical and cannabis industries.
James Greenwell, SpotLite360’s President, commented,
“Virtually every industry in the world can benefit from improved supply chain visibility and oversight made possible through technologies such as blockchain and IoT, which are the backbone of the SpotLite360 Technologies.
Throughout the 20th century, computers and the Internet improved the availability of information among parties in a supply chain, allowing firms and service providers to operate more efficiently and with less risk. As these technologies set new de facto standards in each industry, many of those standards soon became law to the benefit of industry players as well as the end consumers.
We believe that new paradigms are coming into place as blockchain and IoT lead the way in shaping the digital supply chains of 2021 and beyond, and we are grateful to have Sewald Hanfling on our side as a partner who can assist us in navigating how new regulations are established, in addition to making introductions to potential new accounts through their extensive network and client base.”
R.D. Sewald, Sewald Hanfling’s Co-founder, added,
“Based on our combined decades of experience with public policy and legislation, it is clear to us that lawmakers across the country are prioritizing the new standards of consumer satisfaction as a central consideration in forming regulations. Companies of all sizes have been nothing short of emphatic in recent years about their commitment to ESG goals and standards, though the actual impact of such commitments can be quite difficult to measure or evaluate in a meaningful way.
The SpotLite360 Technologies provide an interconnected, high-tech and robust option for firms to continuously gather and assess data from every step in the supply chain, which we believe aligns with the common policy goals that ultimately stand to benefit the general public through higher standards among suppliers.”
SpotLite360 IoT Solutions is a supply chain logistics technology solutions provider.
SpotLite360 (LITE) closed up by 1.2 per cent trading at $0.42 per share.