Technology Startups Direct the Logistics Industry

The global logistics industry, which is aiming to reach a size of 8 trillion dollars in 2025, is rapidly digitalizing with technology startups.

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

US logistics technology companies Coyote, Convoy, Project44, Next Trucking, CloudTrucks, Flexport, Fourkites, Uber Freight, Chinese Manbang, Indian Delhivery, Blackbuck and Rivigo, and Brazilian CargoX stand out as digital platforms that have crossed the unicorn threshold and continue to grow rapidly. For example, Chinese Manbang exceeded its valuation of $12 billion with the $1.9 billion new investment it received in the last quarter of 2019. In Europe, the rapidly growing German-based logistics technology company Sennder, which surprisingly acquired Uber Freight Europe and French Everoad in 2019, attracts attention.

TIRPORT, the rapidly growing Turkish logistics technology startup operating in 5 countries including Turkey, and its European competitors Sennder, OnTruck, Forto, Shippeo and InstaFreight continue to expand the market together. Logistics technology startups in the world, including TIRPORT, seem to be candidates for being the new address of the new normal in logistics.

TIRPORT has become one of the few logistics technologies in Europe

Explaining that TIRPORT, which has become Turkey’s largest logistics digital platform, has attracted the world’s attention with its digital solutions supported by augmented intelligence, TTT Global Group Chairman Dr. Akın Arslan said:

“TIRPORT has become one of the few logistics technologies in Europe with its digital assets and the business volume it has reached. With its technologies, TIRPORT, on the one hand, gives logistics companies the power to manage their operations end-to-end with dashboards from all digital platforms (iOS/Android/iPad/Web), while on the other hand, cargo owners and reliable truckers are on “TIRPORT YükselCEP” in real-time and location-based. brings it together in its application. As a matter of fact, as always, those who can adapt and disseminate new technologies in the fastest way and develop their workforce to adapt to this technology have a competitive advantage in the sector. “We can say that Covid-19 has enabled transformations such as current innovation in the field of logistics, end-to-end operation management, real-time and location-based transportation reporting, etc., and has moved the digitalization efforts in the sector forward by several years,” he said.

Logistics technologies will attract $100 billion in direct investment in 5 years

Underlining that startups, which are the source of innovation in the information age, are under intense scrutiny, TTT Global President Dr. Akın Arslan said:

“When we look at the developments in 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 worth 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 and Ikea and energy giants such as Shell, BP and Saudi Aramco also 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 into the future, with the venture capital VC funds they established. Logistics companies will witness major transformations in the next 5 years. It is expected that logistics technologies alone will attract over 100 billion dollars of direct investment in 5 years. Logistics technologies will show themselves in 7 areas in the world. “These will be mobility, visibility and digital fleet management, embedded logistics technologies, robotics, warehouse automation, supply chain and smart delivery technologies, data analytics and autonomous driving technologies,” he said.