International shipping is a complex problem with many layers such as carriers, freight-forwarders, brokers and shipping departments.
International shipping is a complex problem with many layers such as carriers, freight-forwarders, brokers and shipping departments. The process is opaque and inefficient. Transportation Management Systems are just not sophisticated enough in the international arena. In addition, the industry is very much on the defensive due to being the largest contributor of global CO2 emissions.
Supply chains have become very fragile and volatile due to rising disasters, COVID, continuous growth and geopolitics. The problem is so acute that the phrase “Supply Chain Problem”, has entered kitchen-counter conversations.
Expectus, a logistics industry consulting firm and Lifeboat Ventures, a Venture Studio Fund, are jointly creating the logistics tech startup ECO2 to help shipping departments schedule freight transparently and efficiently, reduce CO2 emissions and be resilient to supply chain failures.
The basic technology has already been in use with Expectus customers. It is an easy-to-use transportation management system that eliminates the complexities of selecting freight-forwarder quotes.
How many supply chain planners does it take to change a light bulb? None, the light bulbs are late.
In addition, it will present CO2 emissions data for every leg of a shipping schedule and present ESG dashboards. Most importantly it will use AI to analyze news data to identify disasters quickly, present disaster alerts and point out the shipping schedules at risk.
The problem is global, but the initial target will be USA to EU transport, particularly Germany. the TMS systems market alone is about $9.2B.
The transportation industry is highly correlated with global growth. Given the backward state of the TMS solutions, the CAGR rate of the software systems is projected to be 14.6% year-over-year.
Lifeboat Ventures invests in disaster impact mitigation startups. Startups that reduce the impact of continuous disasters such as storms, floods, fire, and pandemics, can have compelling demand in society. The objective is to market-validate inevitable ideas and take them to exit using a venture studio.
Expectus is a logistics industry consulting firm with 20+ years of expertise. Expectus has a unique business model of eliminating the inefficiencies of the logistics business to save customers money. Expectus business model gives a zero-risk offer to its customers by offering value in return for sharing the cost-savings.