Discover 5 Top Retail Supply Chain Management Startups

Discover 5 Top Retail Supply Chain Management Startups

Curious about new technological advancements in the retail industry? Explore our analysis of 874 global retail supply chain management startups & learn how their solutions impact your business!

Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the retail industry. This time, you get to discover 5 hand-picked retail supply chain management startups.

Global Startup Heat Map: 5 Top Supply Chain Management Startups

The 5 startups 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 874 companies we analyzed for this specific topic.

Supply-Chain-Management-Startups-Retail-Heat-Map-StartUs-Insights-noresize

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Who are the other 869 Retail Supply Chain Management startups?

 

TrueStock develops a Demand Forecasting Solution

Providing customers with the products they need at the right time is crucial for customer satisfaction. To achieve these, retailers need to forecast the demand for the goods that customers will purchase in the foreseeable future. As data becomes more available, demand forecasting takes its place as an essential and valuable component of supply chain management.

British startup TrueStock utilizes high-performing machine learning algorithms to predict the volume of products or services to be purchased during a defined future period. The solution incorporates data from a range of internal and external demand drivers that impact future forecastings, such as seasonal trends, the weather, events, pricing history, promotions, and marketing activities. Consequently, it enables retailers to create sales forecasts and ensure uninterrupted product supply.

Monstock offers a Digital Inventory Management Solution

Retailers need to have the right amount of product in the correct locations to meet the demand. To understand how and when to reorder the products, many retailers leverage inventory management software. It enables companies to control all aspects of inventory management, avoid stockouts and keep operations running efficiently.

French startup Monstock offers a digital inventory management solution that helps retailers to manage the inventory of all points of sale and reserves. It automates the flows between e-commerce sites and warehouses, as well as digitizes supply processes. The startup’s solution reduces storage costs, guarantees desired availability and improves the customer experience.

Badger Technology develops Retail Robots

With increasing competition in the retail sector and a growing customer-centric approach, stockouts are a major challenge for retailers. Retailers leverage digital solutions that enable up-to-the-minute information updates. This avoids stockouts and ensure their customers are satisfied.

Badger Technologies is a US-based startup building retail autonomous robots that provide actionable data and analytics for retail operations. The startup’s retail robots are equipped with cameras and advanced LiDAR technology. The robots autonomously navigate through the store, scan shelves, detect holes, and generate replenishment lists to avoid stockouts. The startup’s solutions improve store execution, lower operational costs, and increase profits.

Routingo enables Route Optimization

To deliver products on-time and maximize cost-efficiency, retailers leverage route optimization software. These solutions use algorithms to automatically run every possible route and calculate the most eligible route based on real-time information. Such solutions minimize total driving time, while maximizing the number of deliveries the drivers can make.

Turkish startup Routingo offers a route optimization and delivery planning application for the retail industry. The startup’s solution optimizes delivery routes, instantly shares them with the drivers, and enables real-time tracking of delivery status and vehicle location. The application increases productivity in field operations and enables control over the delivery processes.

StockAgile offers an Omnichannel Supply Chain Solution

With the growing popularity of omnichannel solutions, retailers leverage them to improve customer satisfaction. These solutions provide multiple options to buy products through different channels. That is why, supply chain managers need to make use of storefronts, online ordering, and distribution processes as parts of one platform. A flexible omnichannel supply chain enables retailers to maximize efficiency, control costs, and enhance the customer experience.

Spanish startup StockAgile develops a cloud-based solution that makes the supply chain of the retail companies agile and more efficient, offering e-commerce synchronization in parallel. It uses data mining and artificial intelligence algorithms to create predictive models. The models increase sales, through assisted inventory allocation, automatic provisioning, and optimization of stock-outs. The startup’s solution helps retailers to analyze the product life cycle, from its design or purchase to the final customer order, creating an omnichannel shopping experience.

Discover more Supply Chain Management 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 one of our free Industry Innovation Reports 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.

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