In today’s globalized world, supply chains are the backbone of commerce. However, these complex networks can become bogged down by inefficiencies, leading to delays, rising costs, and frustrated customers. But fear not! A wave of new supply chain optimization companies is emerging, offering groundbreaking solutions to optimize your supply chain.
This article dives into 10 of these emerging companies, exploring their cutting-edge technologies and how they can help you streamline logistics, manage inventory more effectively, and achieve unparalleled efficiency. Get ready to discover how these supply chain optimization companies propel your business toward profitable operations.
Continue reading to gain up-to-date and data-driven insights on:
- Profiles of 10 Emerging Supply Chain Optimization Companies
- How to Scout New Supply Chain Optimization Companies Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7 million emerging companies globally, we explore the evolving landscape of the supply chain industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Latest Supply Chain Optimization Trends: The latest trends in supply chain optimization are artificial intelligence (AI), the Internet of Things (IoT), supply chain visibility, sustainable supply chain, and advanced robotics.
- Supply Chain Optimization Sector Stats: The sector comprises 21K+ organizations worldwide. On average, it employs about 40 people in 3.4K+ new companies founded in the last five years, witnessing 2020 as the average founding year. Moreover, the average funding received by the solar energy industry per round in the same span is USD 26.3 million.
- 10 New Supply Chain Optimization Solutions:
- Growthsayer – Intelligent Supply Chain Planning
- Trakkia Technologies – Supply Chain Management (SCM) Software
- LogChain – Supply Chain Data Management
- numi solutions – Centralized Supply Chain Management
- Convect.ai – Supply Chain Decision Intelligence
- Digital Twin Corporation – Agri Supply Chain Waste Reduction
- azarc.io – Cross-Border Supply Chain Optimization
- Carbon Newture – Green Supply Chain
- Solvo.ai – Freight Price Optimization
- Floatic – Warehouse Automation
Meet 10 Out of 3.4K+ New Supply Chain Optimization Companies
In this section, we highlight the 10 best supply chain optimization companies. These companies are revolutionizing the supply chain industry by significantly enhancing efficiency, sustainability, and decision-making. Intelligent supply chain planning and advanced SCM software provide comprehensive oversight and real-time data analytics, driving smarter, data-driven decisions.
Solutions like centralized management and supply chain decision intelligence streamline operations, while waste reduction and green supply chain techniques underscore a commitment to sustainability. Meanwhile, technologies enabling cross-border optimization, freight price optimization, and warehouse automation are setting new standards for operational excellence and making supply chains resilient to global challenges.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Growthsayer
- Founding Year: 2019
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: Growthsayer enables intelligent supply chain planning with its platform. It is a cloud-native platform that automates data management to deliver real-time supply chain insights. The platform also scans business metrics to pinpoint rule violations, like low inventory, excess inventory, stock-outs, and more. Further, its forecast explorer allows businesses to predict and prevent issues, reducing costs. The company’s platform finds applications in the retail, wholesale, and manufacturing industries.
2. Trakkia Technologies
- Founding Year: 2022
- Employee Range: 2-10
- Location: India
- Signal Strength: Very Strong
- What they do: Trakkia Technologies offers real-time supply chain visibility. The company combines IoT, AI, cloud computing, and micro-service architecture to streamline supply chain management. Trakkia Technologies develops solutions for inventory and warehouse management, returnable and fixed asset management, and yard management. These solutions allow warehousing companies and businesses to optimize stock levels and warehouse space, track assets, and improve utilization rates, reducing operational costs.
3. LogChain
- Founding Year: 2019
- Employee Range: 11-50
- Location: Singapore
- Signal Strength: Very Strong
- What they do: LogChain increases supply chain efficiency by simplifying data management. The company’s smartphone app allows stakeholders to input supply chain data, which is then centrally accessible through its platform. The platform features advanced algorithms and machine learning to identify patterns and predict trends, which is accessible to all stakeholders. This way, LogChain centralizes supply chain management and increases the scalability of operations.
4. numi solutions
- Founding Year: 2021
- Employee Range: 2-10
- Location: Germany
- Signal Strength: Very Strong
- What they do: numi solutions allows businesses to connect, analyze, and optimize supply chain operations. The company’s platform integrates with existing enterprise resource planning (ERP) systems. It then utilizes AI algorithms to offer daily improvement recommendations and automate single decisions. The company leverages this platform to develop a range of supply chain solutions for improving inventory planning, demand forecasting, restocking, and more.
5. Convect.ai
- Founding Year: 2020
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: Convect.ai provides supply chain decision intelligence. The company’s platform allows manufacturers to upload demand plans, bills of materials (BOM), site data, and more to generate optimal supply chain plans automatically. This includes material requirement plans, inventory plans, and transportation plans. Moreover, this approach enables manufacturers to test new supply chain flows to ensure a responsive supply chain.
6. Digital Twin Corporation
- Founding Year: 2019
- Employee Range: 2-10
- Location: Guatemala
- Signal Strength: Very Strong
- What they do: Digital Twin Corporation creates digital replicas of fruits for supply chain optimization. The company’s platform utilizes advanced simulation to predict and analyze the performance of supply chain models in real-time. This enables agri stakeholders to visualize complex supply chain operations, enhancing decision-making and operational efficiency. Further, using IoT and AI for monitoring supply chain activities ensures optimal performance. This supply chain data also enables real-time predictive analytics, allowing producers and exporters to reduce waste.
7. azarc.io
- Founding Year: 2021
- Employee Range: 11-50
- Location: UK
- Signal Strength: Very Strong
- What they do: Azarc offers Verathread, a blockchain-based middleware platform. It facilitates decentralized data exchange between businesses involved in a supply chain. Verathread utilizes distributed ledger technology (DLT) to create secure and transparent workflows where businesses upload and share transaction, logistics, and inventory data. The platform then automates pre-defined actions based on these shared data points, streamlining communication and reducing manual processes. This innovative approach benefits all participants in the supply chain by enhancing visibility, traceability, and overall efficiency.
8. Carbon Newture
- Founding Year: 2021
- Employee Range: 11-50
- Location: China
- Signal Strength: Very Strong
- What they do: CarbonNeutral leverages AI and machine learning to assess and optimize the environmental footprint of supply chains. The platform analyzes data on logistics, transportation, and manufacturing processes to identify areas for carbon emission reduction. It then recommends sustainable alternatives and tracks progress towards environmental goals. This data-driven approach empowers businesses to make informed decisions that minimize their environmental impact and comply with sustainability regulations. CarbonNeutral’s green supply chain solution thus benefits corporations by promoting greener practices throughout the supply chain network.
9. Solvo.ai
- Founding Year: 2021
- Employee Range: 2-10
- Location: UK
- Signal Strength: Very Strong
- What they do: Solvo.ai develops an AI-powered pricing optimization platform for the freight forwarding industry. It analyzes complex data sets including historical pricing trends, real-time market fluctuations, and customer buying behavior. This analysis allows freight forwarders to benefit from dynamic pricing recommendations to optimize freight forwarding quotes. Further, the platform tracks key performance indicators (KPIs) and offers performance insights, enabling logistics companies to maximize profitability.
10. Floatic
- Founding Year: 2021
- Employee Range: 11-50
- Location: South Korea
- Signal Strength: Very Strong
- What they do: Flotic manufactures autonomous mobile robots (AMRs) to streamline warehouse operations. The company’s AMRs integrate with existing warehouse management systems (WMS) and utilize advanced navigation technologies to ensure safe and efficient movement within the facility. Flotic’s AMRs handle repetitive tasks like inbound and outbound material handling, freeing up workers to focus on high-value activities. This approach increases throughput, reduces picking errors, and optimizes warehouse efficiency for logistics providers and warehouse operators.
Quick Tip to Find New Supply Chain Optimization Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new supply chain optimization companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces hours of your conventional desk research, saving time and resources in identifying supply chain optimization innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the supply chain industry. The platform keeps you informed with near real-time updates on emerging supply chain optimization companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the supply chain sector, such as intelligent supply chain planning, warehouse robots, waste reduction solutions, or centralized supply chain management. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Explore All New Supply Chain Optimization Companies!
We’ve explored the dynamic landscape of the supply chain optimization sector, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free Supply Chain Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
