Despite the impact of the COVID-19 pandemic on global supply chains and other economically important systems, 2020 still managed to produce a significant number of startups. To introduce you to 7 emerging startups founded in 2020, we analyzed 901 logistics startups. All of them develop innovative solutions spanning from warehouse automation and supply chain monitoring to freight visibility.
The 7 promising logistics startups you should watch in 2021 were hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. The 901 companies that were analyzed for this report, are identified using the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. When you are looking for up-to-date logistics solutions for your innovation units, R&D, or product development department, the StartUs Insights Discovery Platform gives you the most exhaustive collection and ensures you continuously discover new startups, scaleups, and technologies.
Global Startup Heat Map: 7 Logistics Startups to Watch in 2021
The Global Startup Heat Map below highlights 7 logistics startups, established in 2020, developing technology-driven solutions for the logistics industry. Moreover, you can explore global hotspots for logistics startups and even download this graphic to include in your next presentation.
Hive – Ecommerce Shipping
Due to explosive growth in e-commerce in the last few years, there is an increasing need for fulfillment centers, especially closer to the consumers. As warehouse space comes at a premium in big cities, this isn’t always possible for businesses. To fill this gap, logistics startups offer warehousing-as-a-service, enabling faster and more responsive ecommerce shipping. These combine all warehousing operations, such as inventory management, stock keeping, packing, and shipping, as well as handling returns.
Hive is a German startup that provides storage and shipping for e-commerce merchants. The startup’s solution connects with existing online stores, such as those on Shopify or WooCommerce, and provides inventory storage. Hive picks, packs, and ships all incoming orders straight from its warehouse. The startup’s software solution offers an all-in-one logistics experience for medium-sized merchants.
Rightbot – Warehouse Automation
Warehouse automation enables improvements in productivity and accuracy in intralogistics operations. Moreover, it also helps reduce labor costs and improve worker safety. Warehouse automation includes many different solutions, including hardware robots, automated guided vehicles (AGV), and robotic process automation solutions. Logistics startups develop automation solutions that speed up inventory control, deliveries, shipment tracking, and label recognition, to name a few operations.
Indian startup Rightbot offers full-stack warehouse automation. The startup’s autonomous robots navigate continuously to pick and retrieve items, enabling faster fulfillment. The robots also relocate inaccurate manual picks and items returned by the customers to the right slots. Rightbot’s solution enables real-time inventory visibility and accurate counting.
SKUteam – Supply Chain Monitoring
Since supply chains are growing in size and complexity, logistics startups are focusing on supply chain monitoring solutions that keep managers informed at all times. Monitoring helps managers identify inefficiencies and bottlenecks, measure key performance indicators (KPI), effectively handle delays, and minimize risk. To this end, startups utilize data analytics and machine learning to enable round-the-clock supply chain monitoring, including predictive analytics to forecast the robustness of the chain over the next few days or weeks.
SKUteam is a US-based startup that develops a solution for globalized supply chains. The startup’s solution prevents shipment delays and packaging non-compliance, thereby reducing the rate of returns. The solution speeds up the supply chain at all steps from sourcing to shipping and monitors the production to predict delays. The startup serves the logistics needs of apparel and home furnishing, as well as footwear and accessories companies.
Chaine – Freight Visibility
Data visualization enables multiple applications in the logistics sector. Freight visibility provides fine details of the cargo, at any given moment. This helps companies to better identify bottlenecks or prepare for unexpected delays. Real-time visibility also offers a transparent experience for the customers. Startups leverage technologies such as blockchain and the Internet of Things (IoT) to offer end-to-end traceability of freight handling.
The US-based startup Chaine provides solutions for freight visibility, as well as productivity, in the logistics sector. The startup’s visibility solution combines all of the customer’s data sources in one place. The Chaine App enables constant communication between team members, drivers, and carriers, as well as proactive freight management. This ensures that all stakeholders are aware of where a load is at all times.
Cobots-Solutions – Collaborative Robots
As warehouses become bigger, they also hold massive amounts of inventory. This requires workers to cover long distances and carry large weights throughout a workday. Collaborative robots or cobots are semi-autonomous machines that assist workers in carrying out their tasks, reduce physical labor, and improve worker safety. These robots are flexible and easily reprogrammable to undertake a diverse range of functions such as following workers as mobile storage bins or picking up items.
Cobots-Solutions is a French startup that develops collaborative robots for logistics. The startup’s JAKA Zu series robots feature wireless connectivity and remote programming support. The collaborative robots use an array of vision systems to recognize 2D, 3D, object, color, location, and distance. They find multiple applications in logistics, including pick and place, palletizing, and packing.
Bitskout – Delivery Automation
Warehouses like fulfillment and distribution centers see a high turnover of inbound and outbound deliveries. Delivery automation makes it smoother to process these deliveries and keep an accurate tally of the inventory. This includes picking and placing, label scanning, and other operations that make retrieving a package easier and faster. Moreover, it enables solutions that facilitate serving urban customers faster, such as last-mile delivery and micro fulfillment.
Spanish startup Bitskout offers an AI-based software-as-a-service (SaaS) platform. The startup’s platform enables no-code artificial intelligence (AI) models that help businesses automate processes and boost productivity. The platform integrates with other services to enable automation without the need to switch processes. For instance, the solution integrates with Asana, a work management solution, to speed up delivery checklists. Further, Bitskout’s platform uses image recognition to validate item deliveries at the warehouses.
Navines – Track and Trace
When packages go missing or misplaced, it incurs massive additional costs in repeat deliveries, as well as leaves a bad impression on customers. Track and trace solutions determine past and current locations of all items in a supply chain to minimize such events. These solutions also provide visibility into fuel effectiveness of deliveries, enabling managers to introduce cost-saving interventions. Track and trace also allow the end customers to track deliveries, improving transparency, and trust for brands.
Navines is an Israeli startup that offers web-based solutions for complex business problems. The startup provides carrier services that improve the shipping chain for e-commerce startups and companies. The NAVINES Tracking Engine searches any tracking number from any transporter. This enables companies to visualize the true status of a package and, at the same time, prevent false claims and confusion.
What does 2021 bring for the Logistics Industry?
To stay ahead of the technology curve, it is important that you know which technologies and industry trends will impact your company in 2021. You can explore our report on the Top 10 Logistics Industry Trends or let us do the work for you. To keep you up-to-date on the latest technology and emerging solutions, we provide you with actionable innovation intelligence – quickly and exhaustively.