Save time by listening to our audio articles as you multitaskForto is not the only freight tech startup attracting investors’ attention. With the world’s supply chains gummed up by bottlenecks, lockdowns and other disruptions, venture-capital firms are pouring billions into companies offering ways to make freight transport more efficient. In 2021 supply-chain-technology firms raised more than $62bn, according to PitchBook, a data provider, more than twice the figure in pre-pandemic 2019 .
This is starting to change thanks in part to whizzy new software platforms designed to streamline the process of shipping freight overseas. Flexport, a digital freight-forwarder based in San Francisco, automates many of the supply-chain processes that were traditionally done manually, including getting quotes, filling out documents and co-ordinating with shippers and carriers along the supply chain. The nine-year-old startup, which earned $3.
Exactly why FintechV backed PAXAFE1 and RedkikGlobal
EMP SAYS: It doesn't take billions to do the obvious. Ask some truck drivers. It'll be fixed pretty fast and you can bet they won't be sitting in lines for hours. Classic example of big bosses trying to fix a little boss problem.
real money should go to just in time automated manufacturing next to markets.
Start manufacturing in centres of population and consumption? Read somewhere that used to work.
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