Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the logistics industry. This time, you get to discover 5 hand-picked supply chain traceability solutions.
Out of 782, the Global Startup Heat Map highlights 5 Top Supply Chain Traceability Solutions
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 782 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 777 supply chain traceability solutions, get in touch.
Sensority enables Supply Chain Asset Tracking
Logistics makes up the major portion of any supply chain and that also makes it challenging to manage. When delivery destinations are at greater distances or in difficult terrains, connectivity or resource bottlenecks further compound its complexity. To address these issues and improve the efficiency of supply chain logistics operations, startups develop wireless sensors that facilitate package and fleet management.
Czech startup Sensority develops LocSense, an asset tracking solution. It utilizes wireless sensors to collect location data and automatically processes that information in the cloud. This data is also integrable into customers’ systems and provides them with a periodical evidence-based overview of asset location and delivery. In effect, using LocSense in the supply chain ensures asset security.
Supertrace provides End-to-End Supply Chain Traceability
Supply chain transparency today commands the attention of senior-level executives across a broad spectrum of companies and industries. Companies are under pressure from governments, consumers, NGOs, and other stakeholders to divulge more information about their supply chains. Increasingly, the reputational cost of failing to meet these demands or standards is high. To mitigate these concerns, startups use blockchain across the supply chain.
British startup Supertrace creates digital identities for physical products which are stored in a blockchain database – making the supply chain digital, transparent, and traceable. The platform is used by manufacturers to prevent fraud, eliminate inefficiencies, and optimize communication to create sustainable supply chain processes. It further improves consumer trust by ensuring the authenticity of products through counterfeit protection and also assists companies to meet the industry 4.0 standards.
FSTT enables Real-Time Cold Chain Tracking
Cold storage systems maintain the quality of perishable products in transit to ensure continuous supply to consumers. However, there are many challenges that the industry faces, such as frozen doors, condensation, microbial growth in the freezer, and excessive heat exposure, that result in wasted products. Some startups tackle these issues by adapting cold chain storage traceability systems with blockchain.
FSTT is an Italian startup that leverages blockchain to offer an advanced cold chain traceability system that allows companies to check the state of their cold storage in real-time. It features a control unit installed both on the refrigeration units on the transport vehicle and the fixed units. FSTT’s solutions are also agnostic to the type of refrigerating system. In addition, the startup offers an app that sends instant notifications in case of anomalies. The solution finds applications across perishable goods industries such as food or medicine.
Aanika Biosciences develops Microbial Tags
The traceability of food products in the supply chain is important to ensure it’s quality, and safety. But, there are potential threats like dilution, adulteration, and contamination that are hard to track throughout the supply chain. An effective way to solve these challenges is by adding proof inside the product itself. Startups achieve this by placing microbial-based tags inside perishable goods and products or their immediate packaging.
US-based startup Aanika Biosciences develops customized microbial-based tags. The startup’s solution makes it possible to place invisible, edible microbial tags inside products. It enables companies to gain valuable insights about their supply chains and trace their products while customers are able to easily authenticate the products they buy.
Tracified provides a Blockchain-based Tamper-Proof Platform
The lack of transparency and fragility of supply chains poses problems for numerous businesses and even countries. It also affects product quality and trust among the customers. Existing solutions fail to identify threats like data manipulation and documents missing in time to prevent them. To fight tampering and counterfeits, startups develop blockchain-based traceability solutions for supply chains.
Tracified is a Sri Lankan startup that offers a tamper-proof platform powered by blockchain technology. The startup’s solution streamlines the data flow within a supply chain by introducing a novel crypto-economic model based on a reward and penalty concept. It allows companies to provide traceability data to the end customer, which builds trust as well as simplifies product tracking.
Discover more Logistics Startups
Logistics startups such as the examples highlighted in this report focus on supply chain transparency, asset monitoring, and supply chain management. While all of these technologies play a major role in advancing the logistics industry, they only represent the tip of the iceberg. To explore more logistics technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Logistics Innovation Report to save your time and improve strategic decision-making.