Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into warehousing. This time, you get to discover 5 hand-picked virtual warehousing startups.
Global Startup Heat Map highlights 5 Top Virtual Warehousing Startups out of 495
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 495 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 490 virtual warehousing solutions, get in touch.
Flowspace provides Storage & Fulfillment Services
With the rise of fast shipping, virtual warehousing is necessary to keep up with the competition. This process also brings distribution centers closer to manufacturing units, decreasing spare parts procurement and transportation costs. Moreover, real-time visibility into inventory data reduces the number of backorders. This is why startups are developing on-demand warehousing and fulfillment solutions for all types of businesses.
US-based startup Flowspace provides a digital warehousing platform for e-commerce and retail businesses. The platform enables businesses to store products all over the US and provides inventory and order management. The warehouses also have temperature control and refrigeration to safely store food and pharmaceutical products. Moreover, it allows small and medium enterprises (SMEs) to connect their online stores with the platform, enabling integrations to major e-commerce marketplaces.
Connect 4.0 offers Virtual Manufacturing for Factories
Manufacturing units traditionally fill up their warehouses with premade parts. If a company develops a better design, the old parts become scrap and simply consume warehouse space. Additive manufacturing helps solve this issue of spare parts wastage. It allows companies to store design information in the cloud and then print them on-demand at the site where it is required. Hence, startups in the arena of virtual warehousing are utilizing this technology to improve their services.
British startup Connect 4.0 develops technological solutions in the field of virtual manufacturing for small- and medium-scale manufacturing companies. The startup’s platform, Co-Fabrico, monitors, facilitates, and optimizes operations, from product development to customer delivery, across disparate components. The web-based portal connects to smart factories that produce customized products using additive manufacturing. This process, in turn, digitally integrates the supply chain and automates certain operations.
INDUTRAX develops Software Solutions for Digital Inventory
Most manufacturing businesses manage complex inventories. However, manual inventory management is labor-intensive, costly, and prone to human error. As a result, startups are coming up with solutions that enable an agile inventory management system by automating several warehousing processes.
German startup INDUTRAX offers a suite of applications that enable digital inventory management for manufacturing companies. The startup’s ASSET FINDER displays the location of tracked objects, while the ASSET TRACKER enables live monitoring of these objects with automated notifications. Further, their eLABEL MANAGER presents information regarding quality, status change, or prioritization with eInk display technology. Finally, the PRODUCT TRACKER tracks parts, semi-finished products, and end-products as they move along industrial processes.
Fieldmade prints Parts On-Demand for Energy Companies
To ensure optimum production in onshore and offshore projects, energy companies stock spare parts so that they don’t lose working hours due to the breakdown of machines. But most of these costly spare parts remain unused, often rendering the huge investments redundant. To solve this issue, startups are enabling on-demand production of spare parts with the help of additive manufacturing micro-factories.
Fieldmade is a Norwegian startup that offers a digital inventory ecosystem that gathers all the energy-producing stakeholders into one common platform. The startup’s mobile additive manufacturing tool, NOMAD, enables on-site production of spare parts, in or near real-time. Besides, it also maintains existing customer relations between end-users and original equipment manufacturers (OEMs). The startup also caters to the defense industry, as well as for healthcare, shipping, and cities.
Stockarea builds as Digital Warehousing Ecosystem
While digital warehousing is on the rise, finding the right warehouse service provider is not easy. Brands and product companies, depending on their offering and size, have varying requirements and scales for inventory management. To resolve this, startups are coming up with digital platforms that allow organizations to gain access to hundreds of providers and book them according to their requirements. Such aggregation is also fast and cost-effective for supply chain managers.
Based out of India, Stockarea is a startup offering a digital warehousing platform that allows businesses to find and book services from warehouse service providers. The digital ecosystem allows companies of any size to store their products and fulfill business-to-business (B2B) or business-to-consumer (B2C) orders from multiple locations. The platform helps companies find freight partners to move their inventory — be it for the last mile or first mile. The platform also provides value-added services like knitting, cross-docking, and inventory palletization.
Discover more Warehousing Startups
Digital warehousing startups, such as the examples highlighted in this report, focus on drone and blockchain technology as well as AI-based automation. While all of these technologies play a major role in advancing warehousing, they only represent the tip of the iceberg. To explore more technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.