This is a blog post based on our monthly LogTech email update, a roundup of logistics technology news delivered right to your inbox. Click here to join the list!
Amazon has over 541,000 employees, a market cap of $690 billion dollars, and….it still manages to push out ground-breaking innovation at a frantic, startup-level pace.
Amazon employs two strategies to move fast on new ideas:
- Ditch the planning-not-doing trap. Amazon pushes employees to test new ideas with live customers as quickly as possible.
- Small teams get-ship-done. Bezos keeps teams focused by capping size at small enough to be fed with two pies.
The result? Startup-like innovation paired with Amazon’s vast resources.
So it’s interesting to see that this month, more global logistics players are jumping on the tech bandwagon. Kuehne+Nagel, CMA CGM, and Daimler all tightened ties with tech, through in-house incubators (CMA CGM), accelerator partnership (K+N) and investments (Daimler).
Great things are afoot, even by small, focused teams.
Like a two person team at Freightos bringing transparency to ocean pricing on a route and carrier level. Try it yourself by searching for a route pair on our free Freightos Rate Insight platform. Or keep reading for our February, 2018, LogTech updates.
FEBRUARY ’17 LOGTECH ROUNDUP
Following efforts to make digitalization core to its strategy, the carrier launched a tech incubator in Paris. (American Shipper)
After raising nearly $19 million in October, Convargo, a trucking marketplace, shifts to a forwarder model and rebrands as Everoad. (Lloyd’s Loading List)