Logistics Technologies to Attract Over 100 Billion Dollars of New Investment
In the rapidly digitalizing logistics sector, logistics technologies will attract over $100 billion in new investments
Logistics companies will undergo major transformations in the next few years, and in the rapidly digitalizing logistics sector, logistics technologies are expected to attract over $100 billion in new investments in a few years.
When we look at the developments in 2020-2022, we see that many classic logistics and cargo companies such as DHL, J.H. Robinson, Maersk, UPS, FedEx are making huge investments of billions of dollars in logistics technologies. Many of them have therefore set up venture capital companies. Even leading global retailers such as WalMart, Ikea, energy giants such as Shell, BP, Saudi Aramco stand out as “startup hunters” in this league and startups, which are the source of innovation, are under intense scrutiny. With their Venture Capital (VC) funds, these companies invest in technology companies that will create value for the future of their conventional businesses and carry their business into the future. TIRPORT, a fast-growing Turkish logistics technology startup operating in 11 countries including Turkey, and its European competitors Sennder, OnTruck, Forto, Shippeo, InstaFreight and UAE-based rival TruKKer continue to grow the logistics technology market.
“Looking ahead to 2022 with TIRPORT” report, it is noted that logistics technologies manifest themselves in 7 areas in the world, and it is explained that these areas are Mobility, Visibility and Digital Fleet Management, Embedded Logistics Technologies, Robotics, Warehouse Automation, Supply Chain and Smart Delivery Technologies, Data Analytics and Autonomous Driving Technologies.
“Fast adaptation and adaptation” comes to the fore in new technologies
Dr. Akın Arslan, Chairman of the Board of Directors of TIRPORT, stated that those who can adapt and disseminate new technologies in the fastest way and develop their workforce to adapt to this technology will have a competitive advantage in their sector:
“With the opportunities provided by developing technologies, intermodal solutions that integrate land-sea-air-railways have come to the fore. In the last 10 years and especially during the pandemic, the demand for intermodal solutions has increased more than 10 times worldwide. As a matter of fact, containers that could not reach Europe in 12 weeks from China during Covid-19 were able to reach Europe in 2 weeks with the pilot intermodal solutions produced. In a similar logic, with the supply chain crisis, container movement through the Caspian Sea has increased 12-fold in the last 2 years. In summary, artificial intelligence-supported solutions and rapidly developing digital platforms such as TIRPORT, Convoy, Sennder, Cogoport, Flexport have greatly improved booking, optimization power and accessibility. TIRPORT, which is on the agenda of domestic and global investors, enables end-to-end digital management of logistics.”
Pandemic accelerated digitalization in the logistics industry
Continuing his speech by explaining that the pandemic accelerated the digitalization in the logistics sector, Dr. Akın Arslan, President of TIRPORT, said
“We can say that the pandemic has enabled transformations such as current innovation in the field of logistics, end-to-end operation management, real-time location-based transportation reporting, etc. to take place faster and has moved the digitalization efforts in the sector forward by a few years. It is obvious that the dynamic growth observed in end-to-end live traceability of the load with the truck, drivers’ performance, data analytics, augmented intelligence applications in load-truck matching, partial load optimization, robotics, IoT, Cloud and APIs points to a new normal for the logistics industry. Logistics management as we know and are used to it has started to change radically. Digital technologies such as TIRPORT, which can produce real-time, location-based, smart logistics solutions for its customers and support all intermodal solutions within the same platform, continue to come to the forefront. Digital networks and platforms like TIRPORT, which allow instant monitoring of the cargo from the factory or warehouse to all delivery and customs clearance processes, make the difference and are increasingly preferred for speed, cost and optimization. The transportation sector in Turkey, where individual truck ownership is over 80%, will meet the right load quickly thanks to these technologies; at the same time, they will not struggle with uncertainties in issues such as payment, transmission and approval of official documents and will increase their welfare while increasing their capacity utilization.”
Sources where this news was published: Turkey News Agency and Logiport