Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the automotive industry. This time, you get to discover 5 hand-picked startups developing supply chain management solutions.
Global Startup Heat Map: 5 Top Automotive Supply Chain Management Solutions
The 5 supply chain management solutions you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 supply chain management startups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 695 companies we analyzed for this specific topic.
UVeye develops an AI-based Digital Inspection Platform
In automobile manufacturing, vehicle inspection and quality assurance operations lack flexibility since they depend on manual involvement. This adds to the production cost and increases the chances of human-induced error. Startups and emerging companies therefore develop artificial intelligence-based optimization tools that identify defects as a vehicle moves through its lifecycle. This optimizes the manufacturing process resulting in high-quality vehicles with lower costs.
The US-based startup UVeye creates a platform for the digital inspection of vehicles. Its AI-based automated inspection system offers coverage throughout a vehicle’s lifecycle. The deep learning platform analyzes high-quality, multi-angle images to identify defects. Further, UVeye’s anomaly detection algorithm detects damages or discrepancies indicating mechanical problems or threats. This helps OEMs to detect defects early on and reduce their production costs.
Ivaldi facilitates Rapid Prototyping via 3D Printing
The automotive industry has one of the most complex supply chains, shortening the vehicle lifecycle. Hence manufacturing parts based on their functionality rather than on their manufacturability is the need of the hour. To this end, startups and emerging companies are working to provide additive manufacturing solutions that fill this gap to create higher quality vehicles and zero defects.
US-based startup Ivaldi develops additive manufacturing solutions for rapid prototyping. This technology produces lighter parts, thereby reducing the overall weight of the automobile. Ivaldi also provides a solution to restore vintage cars that could not have been restored any other way. This allows manufacturers to produce parts on-demand in a short period of time, reducing costs while still sourcing high-quality parts.
3IPK tracks Transactions using Blockchain Technology
Maintaining large amounts of data to validate, record, and distribute transactions is a problem that surfaces in many industries. Especially in the automotive industry, where thousands of parts are assembled together to manufacture a vehicle, tracing parts back to their source is difficult if not impossible. To tackle this challenge, startups integrate blockchain technology into the supply chain of automotive manufacturing units. This involves encrypted ledgers to track the parts used in the development of a vehicle.
Slovakian startup 3IPK offers a B2B blockchain software platform for supply chain and maintenance processes in the automobile industry. The software platform provides smart contracts to automate contractual terms execution which in turn maintains transparency and data protection for automobile manufacturers. The startup caters to the automotive industry as well as aerospace, and defense, among other sectors.
Autofinity improves Vehicle Lifecycle Efficiency
The life cycle of automotive technology encompasses the manufacturing of a vehicle to operate and maintain it throughout its lifetime up to scrappage and recycling. One of the biggest challenges for the automotive industry is to accurately keep track of the entire vehicle life cycle. To this end, startups offer digital solutions that enable efficient supply chain management.
UK-based scaleup Autofinity provides visibility into the vehicle lifecycle from design, through use and recycling. The scaleup’s platform connects repairers, dealerships, and vehicle recyclers, enabling them to procure quality original equipment (OE) parts at a low cost. Autofinity’s software also creates a smooth supply chain by leveraging allowing automotive companies to source recycled parts.
NL Technologies facilitates Part Traceability
The advancements in artificial intelligence make tracking and tracing of automotive parts easier than before. This frequently finds applications in supply chain management of automotive parts and vehicle lifecycle. Startups are working to further uplift inventory management technologies to the level where they support quality management. In addition to increasing the quality, traceability also improves the speed and accuracy of manufacturing units.
Indian startup NL Technologies develops software for tracking and tracing automotive parts in a warehouse. The platform offers vision-based inspection, warranty tracking, and vehicle turnaround time monitoring to provide manufacturers with a single tool to improve their factory supply chains. The startup’s automated data collection technologies include barcode and RFID-based solutions and the platform further uses the Internet of Things (IoT) and artificial intelligence for the automation of processes. This saves time, reduces cost, increases efficiency, and improves productivity in the automotive supply chain.
Discover all Automotive Startups
To keep you up-to-date on the latest technology and emerging solutions, we provide you with actionable innovation intelligence – quickly and exhaustively. You can download our free Automotive Innovation Report and discover new business opportunities or save your time & let us look into your areas of interest. We provide you with an exhaustive overview of new startups, scaleups & emerging technologies that matter to you.