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20
Jan
2021
Technology Startups Lead the Digitalization of Logistics Industry

Technology Startups Lead the Digitalization of Logistics Industry

20 Jan 2021

The logistics industry is one of the industries where the digital revolution is most intense. Logistics are digitizing and transforming faster than expected. The global logistics sector, which is expected to reach 8 trillion dollars by 2025, is being shaped by logistics technology startups.

American logistics technology companies like Coyote, Convoy, Project44, Next Trucking, CloudTrucks, Flexport, Fourkites, Uber Freight, Chinese companies like Manbang, Indian companies like Delhivery, Blackbuck and Rivigo stand out as digital platforms that have crossed the Brazilian CargoX unicorn threshold and continue growing rapidly. For example, the Chinese Manbang has surpassed the valuation of 12 billion dollars with a new investment of 1.9 billion dollars in the last quarter of 2019. In Europe, the fast-growing German-based logistics technology company Sennder attracts attention with its surprise addition of Uber Freight Europe and French Everoad in 2019.

Turkish logistics technology startup TIRPORT, which operates in 5 different countries including Turkey, and its rivals in Europe Sennder, Ontruck, Forto, Shippeo and InstaFreight together are enlarging the market. Logistics technology startups, including Tirport, appear to be the new address of the new normal in logistics.
 

Tirport has become one of the few logistics technologies in Europe


 

TIRPORT CEO Dr. Akin Arslan, who states that Tirport (company that has become in one of the biggest digital platforms in Turkey) draws the attention of the world with its digital solutions supported by enhanced intelligence, said the following:

“Tirport has become on one of the few logistics technologies in Europe with its digital assets and the volume of business it has reached. Thanks to its technology advances, Tırport empowers logistics companies to manage their operations end-to-end with dashboards from all digital platforms (iOS / Android / iPad / Web). On the other hand, it brings together freight owners and reliable truckers in real-time and location-based on the application “Tırport Driver”. Indeed, as always, those who adapt and spread new technologies in the fastest way possible and develop their workforce to adapt to this technology have a competitive advantage in the sector. We can say that Covid-19 enables faster transformations such as up-to-date innovation in logistics, end-to-end operations management, real-time and location-based transportation reporting, and carries the digitalization efforts in the industry a few years forward. “

In 5 years, logistics technologies will attract 100 billion dollars of direct investment.

Underlining that the startups that are the source of innovation in the information age are under intense scrutiny, Dr. Akın Arslan stated the following:

“When we look at the developments during the period of 2019–2020, it is observed that many classical logistics and cargo companies such as DHL, J.H. Robinson, Maersk, UPS, FedEx have made huge investments of billions of dollars in logistics technologies. Many of them have established venture capital companies for this purpose. In fact, leading global retailers such as Walmart, Ikea and energy giants such as Shell, BP, Saudi Aramco stand out as “startup hunters” in this league. These companies continue to invest in technology companies that will create value for the future of their conventional businesses and carry their business to the future with the venture capital VC funds they have established. Logistics companies will witness major transformations in the next 5 years. In 5 years, logistics technologies alone are expected to attract over $ 100 billion in direct investment. Logistics technologies will show itself in 7 areas around the world. These areas are mobility, visibility and digital fleet management, embedded logistics technologies, robotics, warehouse automation, supply chain and smart delivery technologies, and data analytics and autonomous driving technologies.”

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