TMX founders, CEO Travis Erridge and COO Milan Andjelkovic, sat down with Helen Trinca at The Australian to talk about starting a business during the GFC, continued growth through COVID, and what makes globally recognised brands trust them with their Supply Chain transformations.
Travis and Milan have been in business together for 13 years and attribute the company’s success to their ability to dream big and grow quickly while maintaining a strong company culture and trusting their staff. TMX Global is now a leading logistics and supply chain consultancy business with over 200 staff and an annual turnover set to cross $100 million.
Travis and Milan also discussed the current disruption in supply chains, and the importance of inventory management and the use of predictive analytics and AI to determine sales and place products in the right spot. They see data-driven strategy, utilising technology and digitalisation, as core to retailers being able to meet evolving customer demand – and profit goals – sustainably.
Their ability to save clients between 10 to 15% of Supply Chain costs – often over $3 billion – has led to the company being approached by retail giants like Marks & Spencer as far afield as the UK.
With technology being top of mind, TMX is now moving heavily into simulation, creating a virtual environment for their clients to simulate and test their Supply Chains, allowing them to identify potential issues and optimise their processes before they implement in the real world.
Read the full article here.