Fashion powerhouse Lovisa deploys Infor WMS

Infor®, the industry cloud company, today announced that Lovisa, the fashion-forward jewellery brand, has made a strategic move in its global operations by implementing Infor Warehouse Management System (WMS) at a new facility in Poland. With the support of Infor partner SNS, a leading provider of supply chain consultancy and software implementation, Lovisa has taken a significant step forward in improving supply chain operations and delivering exceptional customer service. The project went live in March 2023, marking a major milestone in Lovisa's journey towards enhancing its global presence.

The new warehouse in Poland is the first of Lovisa's multiple facilities worldwide to operate on Infor WMS. Previously, Lovisa had outsourced its operations to 3PLs (third-party logistics) in some countries or relied on basic paper-driven processes like paper picking.

Despite the challenges of a tight timeline of around five months from inception to go-live, the new facility in Poland started operating on the same day as Infor WMS going live, with new staff recruited for the facility. Additionally, zero customisation was allowed, and all business requirements had to be catered for using an out-of-the-box Infor WMS. Overcoming language, time zone, and location barriers, Lovisa's project team worked tirelessly with the support of SNS to ensure a successful implementation.

"The new facility in Poland will allow Lovisa to maximise its operational flexibility allowing an improved service offering for inventory to our store network throughout Europe. The next step is to kick off e-commerce for all European orders from the same location," said Tyrone Tapusoa, head of supply chain, Lovisa. "SNS played a critical role in helping us achieve our goals with this project. Their expertise and support have been invaluable in ensuring that the Infor WMS implementation was successful. With their help, we will be able to improve our supply chain operations and deliver exceptional customer service."

"Infor is proud that Lovisa, one of Australia's great fashion success stories, has deployed Infor WMS in record time and in close collaboration with our valued partner SNS. The implementation will provide Lovisa with critical insights into warehouse operations, including real-time inventory levels and labour performance, and improve the company's bottom line. Going live at Lovisa's facility in Poland marks an important milestone in the company's efforts to enhance its global supply chain capabilities and Infor is thrilled to be part of this exciting journey," said Jarrod Kinchington, Infor ANZ vice-president and managing director.

Mario Ghosn, SNS general manager, said, "We are pleased to have been a part of Lovisa's successful Infor WMS implementation in their new facility in Poland. Our team worked closely with Lovisa's project team to overcome challenges and ensure a successful go live. We are proud to have contributed to Lovisa's global operations and look forward to continued collaboration in the future."

Lovisa is thrilled with the successful implementation of the WMS at its new facility in Poland with the support of Infor and SNS, and looks forward to the benefits it will bring to the global operations, including improved supply chain operations and exceptional customer service.

Organisations around the world, including Costa Rican logistics operator Grupo Servica, equipment manufacturer NTN in Japan, and German supply chain service provider HAVI Group, rely on Infor WMS to improve operational performance and enhance customer experience for business success.

Forces to Tackle Climate Change Risk Assessment

IAG Firemark Ventures, the corporate venture capital arm of Australia and New Zealand's largest general insurer IAG, together with Jerusalem Venture Partners (JVP), and Margalit Startup City (MSC) New York announced today a new ground-breaking ClimateTech Insurance joint-collaboration. The partnership is aimed at discovering, nurturing, and developing emerging cutting-edge technologies and startups to measure and mitigate risks stemming from the impact of climate change.

As the global climate crisis continues to evolve, the need to combine AI predictions and analytics becomes paramount with climate change introducing new risks and uncertainties that directly impact the insurance industry – both for individual consumers and insurance providers. Extreme weather events like hurricanes, floods, wildfires, and droughts have become more frequent and severe, leading to increased property damage, crop losses, and business disruptions. Consequently, insurance companies face higher claims payouts and increased financial risks.

IAG Firemark Ventures, JVP and Margalit Startup City NYC will be encouraging collaboration with corporations, startups and emerging businesses to support and scale climate technological solutions to help insurers achieve their global energy, environmental and sustainability goals.

Erel Margalit, Founder and Chairman of JVP and Margalit Startup City, noted, "As extreme weather conditions and climate change are increasingly impacting the livelihood of individuals worldwide, insurance companies are actively searching for new technologies, including AI predictions and analytics, with the aim of providing secure coverage for challenging climate conditions. We are delighted to have IAG Firemark Ventures as our partner, along with MINI and other partners, as we explore new technologies globally in the US, Israel, and Australia. These advancements can bring innovative solutions and frameworks to meet the evolving demands of climate change."

Scott Gunther, General Partner of IAG Firemark Ventures: said "As an insurer, we see first-hand the impact climate change is having on our customers, communities, business and our industry. For this reason, IAG Firemark Ventures has ClimateTech as a key startup investment focus area for the future and why we have entered into this important partnership. We look forward to working with the International ClimateTech Centre to help ClimateTech startups' scale to help deliver on our climate and environmental goals."

The International ClimateTech Center takes an entirely new approach to ClimateTech, whereby mainstream technologies join forces with the worlds of Insur-tech, Fintech, cyber, Foodtech and AgriTech, to tackle the climate crisis in the most innovative manner possible. The Center was launched in partnership with Mini and Urban-X in September 2022, and works to help scale

sustainable, technological solutions to climate change in urban landscapes, with an accelerator program that has so far attracted more than 500 startups from the US, Europe, and Israel.

Companies already operating out of the Center include tech unicorn Earnix, a JVP portfolio company which is a leading provider of intelligence operations for insurance and banking, and will play a crucial role in this collaboration; Greeneye, an AI-driven startup revolutionizing pest control in agriculture; and Dryad, which provides early forest fire detection, as well as health and growth monitoring solutions for public and private forests.

The collaboration between IAG Firemark Ventures, JVP, and Margalit Startup City will officially commence in June 2023. By combining resources, investment capabilities, industry expertise and a global market share, this collaboration aims to nurture and propel emerging technologies that have the potential to reshape the insurance industry's approach to risk assessment.

About Jerusalem Venture Partners (JVP)

Founded in 1993 by Dr. Erel Margalit, JVP is an internationally renowned VC fund. It is among the pioneering firms of the Israeli VC industry and has raised over $1.7bn. Over the years, JVP has built over 160 companies and has been listed numerous times by Preqin, as one of the top six consistently performing VC firms worldwide with portfolio companies that drive global markets today. JVP's winning strategy combines company creation with early and late-stage investment. JVP has been instrumental in building some of the world's largest companies to emerge, orchestrated dozens of industry acquisitions to leading international companies and facilitated 12 IPOs on NASDAQ, including CyberArk Software (NASDAQ: CYBR, $4.7 billion mkt. cap.), QLIK Technologies (NASDAQ: QLIK, then $4 billion mkt. cap.) as well as many large industry sales. JVP creates the majority of its own deal flow from seed by seeking ground-breaking new innovations. Renowned for its hands-on approach in supporting and mentoring its companies, JVP welcomes global strategic and investment partners through all phases of the maturity cycle, with a view to creating disruptive technologies and solutions. Over the past decade, JVP has spearheaded the creation of international Centers of Excellence, including the AI and Media Center in Jerusalem, the Cyber Center in Beer Sheva, the FoodTech Center in the Galilee, the Digital Health Center in Haifa, the Fintech Center in Tel Aviv and the International Cyber and Climate-tech Center in NYC. Visit the JVP Website https://www.jvpvc.com.

About IAG

IAG is the parent company of a general insurance group with operations in Australia and New Zealand. IAG's main businesses underwrite over $13 billion of insurance premium per annum under many leading brands, including: NRMA Insurance, RACV (under a distribution agreement with RACV), CGU, SGIO, SGIC and WFI (Australia); and NZI, State, AMI and Lumley (New Zealand). For further information, please visit www.iag.com.au

Vivid Sydney 2023 Kicks Off With Biggest Opening

Vivid Sydney has enjoyed its largest-ever opening weekend, attracting more than 453,000 visitors to experience Australia's largest event in 2023.

Festival-goers from Sydney, as well as regional New South Wales (NSW), interstate and international markets, turned out for the festival's first weekend to experience some of the 300+ events and activations that make up the 2023 program. The opening weekend attendance represents a 4 per cent increase from Vivid Sydney's previous highest opening weekend in 2022.

Minister for Jobs and Tourism John Graham said the 2023 program was about bringing people together while providing economic benefits to Sydney and NSW businesses.

"It was great to see tens of thousands of families out enjoying the Vivid Light Walk and it was encouraging to see the city's business district so vibrant and businesses benefiting from the record turnout.

"This festival is about community, bringing Sydneysiders and visitors from around the state, the country and the world together to celebrate our creative industries, and experience something new from world-class activations and events to diverse food culture and hospitality.

"Vivid Sydney 2023 is off to a flying start but there is still plenty of time to get out and take part in this unique Sydney celebration. I encourage those who are thinking about visiting the festival to plan their visit to the city and enjoy the festival in person."

The longest-ever Vivid Sydney Light Walk, festival-first experiences including Lightscape and Dark Spectrum, as well as Vivid Food, were all among the most visited festival offerings on the opening weekend. Restaurants, cafes and bars benefited from over 120,000 diners (up 5 per cent on opening weekend in 2022). Overall, 85 per cent of attendees purchased food and beverages during the festival's opening weekend.

Vivid Sydney 2023 started with First Light, a moving Welcome to Country, followed by a celebration of First Nations peoples and culture featuring Yothu Yindi performing the iconic song Treaty.

Then, at 6 p.m. on Friday 26 May (AEST), the bright and dazzling lights of Vivid Sydney 2023 were turned on as fireworks, searchlights and drones lit up the sky around Circular Quay and the sails of the Sydney Opera House were illuminated with the vibrant works of the late John Olsen AO OBE animated by creative technologists Curiious for Life Enlivened (2023).

On Sunday 28 May (AEST), more than 1,000 drones took to the night sky in the first of six scheduled drone shows titled "Written in the Stars." Tens of thousands of Sydneysiders and visitors were amazed by the incredible images and animations from the largest drone show in the Southern Hemisphere which provides an awe-inspiring journey through the natural world above us.

"Written in the Stars" will be staged throughout the festival on Sunday and Wednesday nights, and on Monday 12 June, from 9:10 p.m. (subject to weather conditions), and is set to an accompanying audio track available on Cinewav.

Vivid Sydney Festival Director Gill Minervini said the expanded program and new, innovative events were key to engaging audiences in 2023.

"Vivid Sydney is the ultimate celebration of creative industries and our spectacular city.

"This year's program raises the bar and reimagines the types of activations we offer - festival firsts, world premieres and never-before-activated spaces, and the brand-new pillar, Vivid Food.

"The programming is so diverse - there really is something for everyone. We are thrilled that so many have been part of our first festival weekend - the feedback and response have been incredible. There is still so much more to come!"

Vivid Sydney is the largest festival in Australia and runs nightly from 6 p.m. until Saturday 17 June. In 2022, the festival welcomed 2.58 million visitors and injected $119 million into the NSW economy.

COVID Diagnostic Test Launches Across Australia

The first diagnostic test for long COVID is now available to patients across Australia. The test can help physicians diagnose long COVID by differentiating it from other diseases with similar symptoms, and to design personalized treatment approaches.

Persistent COVID, or long COVID, is a multiorgan symptomatic complex with symptoms persisting over time. It affects patients who have suffered from acute COVID-19 infection. It is estimated by the US Centers for Disease Control that about 20% - 30% of patients who have suffered from COVID-19 may develop long COVID.

The typical symptoms of long COVID, such as fatigue, brain fog, shortness of breath, insomnia, and a wide range of cardiovascular issues, are certainly not unique to one condition. A diagnostic test to identify patients with long COVID, using objective measures of immune biomarkers, is an essential first step for treatment.

The simple blood-based test was developed by diagnostic testing company IGeneX using IncellDx’s incellKINE assay. incellKINE is a machine learning-based technology that is able to assess the presence of a distinctive immunologic profile characterized by patterns of cytokine and chemokine biomarkers found to be unique to long COVID patients, as reported in Frontiers in Immunology. The test provides 97% sensitivity. It received CE-IVD marking in Europe in 2022, which indicates that it fulfills the requirements of relevant European product directives and meets all the requirements of the relevant recognized European harmonized performance and safety standards.

IncellDx is a precision medicine company advancing novel diagnostics and prognostics to better understand and treat infectious disease and cancer. The company’s innovative technology platform enables simultaneous cell classification and single cell analysis of proteomic and genomic biomarkers. The company launched the Chronic COVID Treatment Center to apply precision medicine approaches to evaluate, characterize and more effectively address chronic COVID.