Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the construction industry. This time, you get to discover 5 hand-picked construction supply chain solutions.
Global Startup Heat Map highlights 5 Top Construction Supply Chain Solutions out of 108
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ 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 108 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 construction supply chain solutions 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 103 construction supply chain solutions, get in touch.
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Site Passport works on Subcontractor & Supplier Management
When suppliers or subcontractors fail to deliver their services on time or with advertised quality, it leads to delays in construction projects as well as monetary losses. Therefore, contractors and construction companies seek alternatives to the conventional tender-based system for subcontractor hiring. Therefore, startups develop sourcing platforms that enable subcontractor qualification verification, reducing construction quality risks.
Irish startup Site Passport develops a subcontractor and supplier management platform for construction companies. The platform allows contractors to identify suitable procurement channels, manage tenders, and monitor subcontractor performance. By enabling subcontractor compliance monitoring, Site Passport ensures that construction projects finish on time and contractors do not lose reputation due to poor choice of suppliers.
BuildSort ensures Supply Chain Transparency
The visibility of the entire supply chain reduces delivery risks and increases the quality and efficacy of construction operations. On the contrary, the lack of supply chain transparency leads to administrative oversight and facilitates corruption in the industry. To tackle these issues, startups offer supply chain transparency platforms that streamline building processes and mitigate planning risks.
Australian startup BuildSort provides a supply chain transparency platform for construction companies. The platform employs the distributed ledger technology to enable smart legal contracts that facilitate approval processes. The smart contracts, along with automated document management and digital identity verification, prevent delays due to administrative errors, minimize building regulations and compliance risks, as well as mitigate potential opportunities for corruption.
Geometrid provides Supply Chain Monitoring
End-to-end traceability of building assets prevents losses, inefficiencies, and potential non-compliance disputes. Additionally, supply chain management processes often require collecting information from suppliers for drafting project performance reports. Because both supply chain tracking and reporting are time-consuming and error-prone tasks, startups develop construction automation solutions for supply chain traceability and documentation.
Singaporean startup Geometrid offers supply chain monitoring solutions for building owners, developers, and contractors. The startup’s platform integrates with building information modeling (BIM) software and generates quick response (QR) codes for each building asset. The QR codes help construction managers track building components, supervise project logistics, monitor construction processes, and manage building assets.
Samson Logic advances Material & Equipment Management
Effective material handling practices increase transportation security and reduce construction waste. Moreover, efficient material storage prevents deterioration and misuse of construction assets. To this avail, startups develop construction material control and management solutions, thereby increasing supply chain efficiency and reducing on-site safety hazards.
Israeli startup Samson Logic develops a material and equipment management solution for transportation, as well as on-site storage and delivery. The solution consists of modular packages with the Internet of Things (IoT) sensors and material handling software. The software algorithm distributes materials among the modules according to maximum transportation capacities and creates packaging instructions for the manufacturer. The modular packages ensure that materials are delivered and lifted efficiently and safely to the construction site.
Terane offers Hauling Logistics
Hauling dirt or materials is a common procedure on construction sites. Inefficient hauling logistics and coordination may delay the project by days and overwork the available workforce, decreasing the effectiveness of employees for primary tasks. Therefore, startups develop software solutions that optimize hauling supply chain efficiency.
US-based startup Terane offers hauling optimization services to homeowners and contractors. The startup’s solution connects contractors with the hauling service that best matches the hauling needs and price. The startup provides contractors with a centralized solution for dirt and raw material sourcing, as well as helps homeowners with landscaping material delivery.
Discover more Construction Startups
Construction startups such as the examples highlighted in this report focus on BIM, circular economy, and reinforced concrete. While all of these technologies play a major role in advancing construction, they only represent the tip of the iceberg. To explore more construction technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Construction Innovation Report to save your time and improve strategic decision-making.
