Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the logistics industry. This time, you get to discover five hand-picked risk management solutions.
Out of 454, the Global Startup Heat Map highlights 5 Top Risk Management Solutions impacting Logistics
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-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 454 exemplary startups & scaleups we analyzed for this research. Further, it highlights five logistics 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 five startups & scaleups in this report. For insights on the other 449 logistics risk management solutions, get in touch with us.
JibChain provides Supply Chain Risk Management (SCRM)
Founding Year: 2021
Location: West Newbury, US
Partner for Supply Chain Risk Assessment
US-based startup JibChain offers SCRM as a service. The startup’s solution allows users to monitor third- and fourth-party vendors to conduct risk assessments of critical supply chain areas. This provides real-time insights into logistics issues such as foreign influence, cybersecurity, and financial health. This allows companies to monitor and manage products and vendors through a single platform. Besides, the startup then leverages this data to provide actionable insights for efficient risk management.
Evertrace facilitates Cargo Damage Prevention
Founding Year: 2018
Location: Berlin, Germany
Collaborate for Cargo Insurance Management
Evertrace is a German startup that develops a cargo damage prevention solution. The startup leverages the Internet of Things (IoT) to monitor cargo temperature, humidity, shock, and location. It then uses machine learning (ML) to generate risk models and provide damage prevention guidelines. The startup also partners with cargo insurance providers and integrates the claim management of cargo through its solution. This allows cargo owners and freight forwarders to improve risk accumulation analysis, event detection, and insurance claim reporting.
Prewave offers Supplier Risk Monitoring
Founding Year: 2017
Location: Vienna, Austria
Innovate with Prewave for Predictive Risk Management
Austrian startup Prewave develops an AI-based solution for supplier risk monitoring and predictive risk management. It monitors and analyzes global data sources and uses predictive analytics to forecast risk events. It also creates risk alerts for events that may impact suppliers and allows companies to reach suppliers. Besides, the startup analyzes a variety of risk factors such as labor protests, financial stress, industrial accidents, and natural disasters. This allows logistics companies to prevent supply chain disruptions and improve purchasing decisions.
Overhaul enables Proactive Threat Prevention
Founding Year: 2016
Location: Austin, US
Reach out for Standard Operating Procedure (SOP) Deviation Detection
US-based scaleup Overhaul is a US-based scaleup that offers proactive threat prevention for supply chain risk management. Its software, Overhaul Sentinel, leverages data from IoT devices and telematics to detect temperature changes, route deviation, delivery delay, and theft. It provides real-time visibility into goods movement across the road, air, and ocean as well as offers real-time alerts based on custom workflows. This enables logistics operations centers to identify SOP deviations and provides instant access to law enforcement for theft recovery.
GoSupply advances Logistics Risk Analysis
Founding Year: 2017
Location: Madrid, Spain
Partner for Supplier Prequalification
Spanish startup GoSupply provides real-time logistics risk analysis. The startup’s platform uses AI to automate data collection from public and non-public sources. It then uses advanced analytics to monitor risk types such as financial, compliance, and cybersecurity issues. Moreover, the platform integrates with the clients’ enterprise resource planning (ERP) and procurement tools. As a result, companies receive a detailed, single source of truth visibility into supply chain operations and risks. This, in turn, enables them to pre-qualify suppliers based on their risk profile.
Discover more Logistics Startups
Logistics startups such as the examples highlighted in this report focus on demand planning, quality management, and advanced scheduling. While all of these technologies play a major role in advancing the logistics industry, they only represent the tip of the iceberg. To explore logistics technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free Logistics Innovation Report to save your time and improve strategic decision-making.