Trax Technologies (Trax) announced that its President, Josh Bouk, is recognized as a Supply & Demand Chain Executive 2023 Pros to Know Award honoree.
The annual Pros to Know award recognizes outstanding executives whose accomplishments provide other leaders with a roadmap to leverage the supply chain for competitive advantage. As an industry leader and innovator within the freight audit and payment (FAP) sector, Bouk doubles as credible counsel for supply chain leaders needing a proven cost optimization and emissions monitoring partner. This partnership prepares businesses for upcoming changes to the International Sustainability Standard Board (ISSB) and Securities and Exchange Commission (SEC) reporting standards that must include scope 3 emissions data.
“Being recognized for industry-leading work is an honor, and I am thankful to lead the Trax team, who shares my vision of being an all-in-one solution for enterprise shippers,” said Bouk. “We pride ourselves on amplifying the freight audit and payment process by being the only company offering comprehensive carbon and greenhouse gas emissions reporting and trending for all modes and regions – because reporting transportation emissions accurately is complicated.”
Collecting, monitoring, and managing scope 3 emissions data must be completed using an organized, standardized, and reliable data collection process. Because there are so many nodes and corresponding vendors associated with a single supply chain - all emitting emissions into the environment - data collection is critical to accurate reporting. Most recently, under Bouk’s leadership, Trax launched Carbon Emissions Manager. This innovative tool uses actual shipment data from the $24B in transportation spend invoices the company audits annually to solve data collection issues for enterprise businesses needing to track scope 3 emissions. Trax, recently recognized in Gartner’s Market Guide for Freight Audit and Payment Providers, empowers enterprise shippers to improve their transportation networks' reliability, sustainability, and financial performance using its proprietary data.
“This year’s list is filled with supply chain professionals whose achievements and success stories have helped move the needle in the supply chain. They promote safety, sustainability, and workforce development. They work toward helping heal the supply chain. They’re actually in the supply chain,” says Marina Mayer, Editor-in-Chief of Supply & Demand Chain Executive and Food Logistics. “We received close to 400 nominations this year, the highest number ever for this award. It’s proof that today’s supply chain professionals are doing great things for the supply chain. They embody what a true leader should be. And, without their initiatives, programs, and collaborative efforts, today’s supply chains would be in worse shape."