Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups in the logistics industry. As there is a large number of startups working on a wide variety of solutions, we decided to share some of our insights with you. This time, we are taking a look at five promising transportation optimization solutions for the logistics industry.
Heat Map: 5 Out Of 600 Transportation Optimization Startups
For our 5 picks of transportation optimization startups in logistics, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Heat Map below highlights these five interesting examples out of 600 relevant transportation optimization solutions. Depending on your specific needs, your top picks might look entirely different.
Routific – Route Planning
Software that provides high-quality route planning has to consider the type of vehicle, delivery deadlines, traffic congestion in and out of cities, breaks for the driver, and other details to optimize a well-planned delivery. Canadian startup Routific, for example, uses an interactive and clickable map to display the shortest and safest itinerary for transportation. The software is based on a proprietary algorithm which is combined with historical data to provide the most convenient routing way.
Hanwell – Condition Monitoring For Goods
Both external and internal conditions have to be taken into account when planning the road. The most common innovative tools which monitor conditions of transported goods take different factors into account, among them are temperature, humidity, rolling and vibration caused by low-quality roads etc. All those conditions can be tracked and analyzed by UK-based startup Hanwell, whose tools control the risk of breaking fragile products transported in the truck as well as enable condition monitoring features such as temperature and humidity level.
Cubyn – Shipping Software
Modern shipping software offers to outsource the logistics for alleviating the responsibilities of eCommerce. Such shipping platforms mainly run on smartphones and provide the opportunity to track an order, gain statistics from all sales, review analytics, get shipping documentation, and integrate other in-app additions. For e-merchants who face complexity in packaging and transporting their goods to their customers, Cubyn offers end-to-end shipment tracking services via their platform module, in-house packaging service, and their transport partner.
Quicardo – Optimization Of Truck Loading
Not all trucks carry optimal loading at all times, and most of them may even travel half-empty while other logistics companies struggle to find transportation to deliver their products. Optimizing truck loading spaces for both carriers and shippers maximizes loading efficiency while minimizing costs. For example, startup Quicardo finds the closest half-empty truck and maximizes the loading of pallets to optimize available space. The startup works with many logistics companies and synchronizes information about loads.
Locals – Last-Mile Optimization
Last-mile delivery requires detailed attention to its final destination while taking a city’s congestion and the flexibility of transport into account. Such services can also analyze a client’s satisfaction rating and offer more conveniences for customers, in comparison to large logistics companies. UK startup Locals uses several tools to enhance last-mile delivery with features like real-time visibility of the customer’s location, scanning tools to validate products and an option to change the final destination.
What About The Other 595 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 5 transportation optimization startups showcased above are promising examples out of 600 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.