Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the FMCG industry. This time, you get to discover 5 hand-picked 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 & scaleups 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 632 companies we analyzed for this specific topic.
Cloudsyte works on a Supply Chain Collaboration Platform
Disjointed supply chain processes create a lot of challenges for FMCG companies and lead to delays in delivery. To avoid this, FMCG companies leverage digital collaboration platforms that integrate data across the entire supply chain. Collaboration platforms enable companies to share information with their suppliers and partners as well as plan and control supply processes.
The US-based startup Cloudsyte develops a supply chain platform for collaboration between internal teams and external partners. The startup provides a common workspace where supply chain teams share data with suppliers and logistics providers in real-time. The solution eliminates duplicate work and increases efficiency while reducing operational risks and cutting costs.
Omnichain creates Supply Chain Management Solutions
Today’s consumers make purchases through multiple channels and expect fast order fulfillment. To meet consumers’ demand for efficiency and convenience, FMCG companies try to get greater control across their supply chains. Supply chain management solutions enable companies to improve forecasting and decrease delivery time connecting data from various sources.
The US-based startup Omnichain develops customer-centric supply chain management solutions that use distributed ledger technology to help FMCG brands and retailers drive business growth at scale. The solution connects data from the various systems and stakeholders across the supply chain on a blockchain-enabled mesh connectivity layer. These data sets are the foundation for AI and machine learning models to run a predictive and prescriptive analysis. The startup enables real-time transparency, trust, and data flow across the value chain – from source to shelf and back.
Tilkal offers a Real-Time Traceability Platform
Consumer goods traceability platforms verify the history, location, and status of products efficiently to ensure consumer satisfaction and eliminate companies’ reputational damage. FMCG companies leverage artificial intelligence, blockchain, and the Internet of Things (IoT) to improve traceability. Collaborative platforms, for instance, provide detailed reports on product movements and enable information exchange between all stakeholders along the supply chain, from manufacturers to consumers.
The French startup Tilkal offers an end-to-end, real-time traceability platform for supply chains. Combining permissioned blockchain networks with big data in a B2B-ready solution, Tilkal enables sharing and analysis of traceability data improved control over compliance obligations and transparency towards consumers. The platform provides access to existing and new data from upstream and downstream partners regardless of its source and nature. It further improves visibility and enhances companies’ accountability.
Samya develops a SaaS Platform for Demand & Supply Operations
The customer demand and trends in the FMCG sector are continuously changing. This creates a challenge for FMCG companies to fulfill deliveries within short timeframes. FMCG companies therefore inspect changes in consumer behavior and leverage Data Analytics to accurately forecast demand, optimize their supply chains and make them more agile overall.
The UK-based startup Samya.ai creates purpose-built and interconnected artificial intelligence Software-as-a-Service (SaaS) modules operating at the intersection of demand and supply operations. The startup brings the power of deep learning, probabilistic machine learning, and reinforcement learning approaches together with the domain expertise to enable FMCG companies to recapture revenue growth potential.
Insite AI builds an AI-powered Decision Engine
Artificial intelligence is transforming supply chain management, helping FMCG companies to make the right decisions for their supply chains. For example, AI is used to inform companies on changing customer preferences, predict problems and potential obstacles to product delivery. This enables brands to anticipate demand and supply to improve their supply chains before the problems occur.
The New Zealand-based startup Insite AI prrovides a cloud-based artificial intelligence-decision engine for FMCG companies. The startup’s solution generates accurate up-to-the-minute demand forecasts at the lowest level and enables FMCG companies to make supply chain decisions in advance and make a supply plan based on all factors and constraints.
Discover all FMCG Startups
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