4. Venture Capital Loves Freight
Amazon isn’t the only tech player interested in logistics. As the JOC itself commented after a TPM tech session:
Why does venture capital love logistics startups? The amount of funding for transportation-focused ventures (spiraled up) to $14 billion in 2015.
Speaking to investors and analysts, we’re seeing the same interest. The combination of a huge market looking for efficiency and new, Big Data technology means huge opportunities. Which is why we see more and more logistics startups emerging every week.
Of those featured, my pick was TRAXENS. CMA CGM’s fitted this system into their new ship, the Bouganville. It collects real-time data throughout the container’s transport, including location, temperature, humidity level, vibrations, impacts, attempted burglary, and customs clearance status.