Reinventing Supply Chains for a Post-COVID World
In September 2020, I joined March Capital where I will be focusing my time in Industrial IoT, Supply Chain, and Ecommerce Enablement. Most of my time is spent researching, reading, and having conversations with entrepreneurs and investors, which I will periodically write about on our new blog.
Our upcoming The Montgomery Summit 2021 presented by March Capital on March 3rd and 4th will host brilliant entrepreneurs who have built innovative technologies to reinvent the supply chain industry, specifically in freight logistics, an area that’s been top of mind globally since the beginning of COVID.
Prior to 2020, global supply chains were already under extreme pressure. The combination of the US-China trade war, fulfillment center labor shortages, and increased pressure on e-commerce retailers to expedite delivery times put supply chains in a fragile state – one broken link in the chain would have been enough to send shockwaves through the entire system.
Then came the beginning of COVID-19 pandemic. Very quickly, factories shut down in China (the manufacturing center of the world) and stay-at-home orders were put in place in many countries. This made procuring goods nearly impossible, and at the same time, e-commerce volume started to surge, resulting in a massive imbalance in supply and demand. Even the most technologically forward companies were affected by supply chain disruptions mainly due to their reliance on inundated, fragmented systems that provide low visibility and little to no predictive analytics capabilities. According a survey cited by MIT Sloan School of Management in 2020, 81% of 1,700 companies surveyed did not have full visibility into their supply chains, and 54% had no visibility at all.
Today, companies are placing a greater importance on resilient, flexible, nimble, and diverse supply chains than ever before. A Gartner survey published in February 2021 estimates that 87% of supply chain professionals plan to invest in resilience within the next two years.
At March Capital, we look for businesses with exceptional founders, large addressable markets, and disruptive technologies, which is why we’re excited about opportunities we’re seeing in supply chain. We’ve developed a framework to focus on the following key areas: visibility software, warehouse automation, and logistics. We believe we’re at an inflection point in supply chain digital transformation and it will only accelerate going forward.
During 2021 Summit’s Reinventing Supply Chains track, you will hear from four companies, each with a differentiated approach to digitizing the freight logistics industry. They will discuss topics centered around embracing the adoption of technology in a post-COVID world.
Flock Freight is the only digital freight provider to guarantee shared truckload shipping, leveraging technology to pool Less-Than-Truckload (LTL) freight into Full-Truckloads (FTL). Sennder is the leading European freight forwarder that digitizes the process of connecting commercial shippers with small trucking companies. NEXT Trucking is an end-to-end logistics solution that combines a digital freight marketplace with company drivers to provide a suite of services for drayage, OTR, and transloading. Cargomatic is a digital marketplace for drayage and short haul trucking, connecting shippers and carriers in a highly fragmented market.
Additionally, our Spotlight program will include Ryan Petersen from Flexport, a freight forwarding platform that helps businesses track inventory in real time in transit. It is powered by a cloud-based, data analytics platform that serves 10K+ clients across 200+ countries, offering a full range of services, including ocean, air, truck and rail freight, drayage & cartage, warehousing, customs brokerage, financing and insurance.
We hope you’re as excited as we are with the entrepreneurs we have lined up for the 18th Annual Montgomery Summit on March 3rd and 4th. To register, please click the following link: https://cvent.me/mqWNGX. If you have any questions, please contact firstname.lastname@example.org.