“That bodes really well for continued investments in B2B and enterprise whether it’s in supply chain, or newer areas like construction (which we’re looking at because there’s so much falloff for tech once you get out of the design phase), or manufacturing. Anderson also says that enough time has passed that the lessons we have from COVID are pretty clear. Geltor Raises $91.3M as Pandemic Exposes Need for Sustainable Protein Supply Chain USA - English ... About CPT Capital CPT Capital is the venture arm of … But investors, however keen they are to jump on an opportunity, know a rabbit hole when they see one. “Supply chain means different things to different people in different industries, and that’s what makes investing in supply chain a bit difficult to grab hold of. The clock is ticking on the status quo, however, especially now that COVID-19 has shown the consequences of a lack of resiliency. Dr. Anderson is Managing General Partner of Supply Chain Ventures, LLC, a venture capital company specializing in marketing, sales and supply chain software investing. “Everyone’s figured out that supply chains are important, given COVID. You’re going to see a lot of redesigning of businesses and supply chains as customer requirements change, with e-commerce being the poster child for all of that.”. For all three investors, supply chain technologies will continue to show promise; indeed, two have already used it to build successful careers. Supply Chain Ventures follows environmental, social and governance (ESG) criteria in evaluating our investments ESG criteria are a set of standards for a company’s operations that socially conscious investors use to … Another thing is that the integration on the supply chain side tends to have a lot more touch points in a lot of other systems, and often physical systems. Supply Chain Resilience: Using Technology to Navigate the COVID-19 Economic Downturn. Therefore, any innovations that can help you get around these costs will be really, really big.”, He continues, “For any company that wants to improve its profit margins, there are two strategies they can take: a marketing-driven approach to increase demand, or a supply chain-focused approach to drive down costs. It can also cost companies millions of dollars in lost revenue and non-productive labor. “The problem when you get to areas like disposition is that the value proposition often isn’t great enough to put technology in the mix. Enterprise Ireland has ranked third in the world for its seed investment activity, following San … Search for: Search. One of the most important impacts of the pandemic lockdowns has been the disruption of global supply chains, with manufacturers, distributors, retailers and consumers experiencing substantial shipment delays or inventory shortages. Download Free PDF. Moreover, today Sote announced that it has raised a $3 million seed round, bringing its total raise to date to $4.4 million. We’re going to see a lot of venture investors put a lot of money there.”, “If you look at operations right now,” says Floyd, “One of the things that’s interesting is that a lot of organizations have revenue operations people, or sales operations people, whose jobs are to make the whole system run more smoothly. All feature articles, bonus reports and industry research through scmr.com. To provide some help with navigating the complexities of supply chain investing, we talked to three tech experts with different perspectives. As with any market disrupting idea, those who invest resources and capital early on will be on the forefront of completely changing the way we think about, enact and assess supply chain processes. Companion Digital Editions. Back then, pre-Locus Robotics, IAM Robotics and RightHand Robotics – three of the early entrants - we weren’t hearing much about robotics in the supply chain. Working Capital is an early stage venture fund that invests in scalable innovations to meet the growing corporate demand for more transparent and ethical supply chains—addressing the urgent need to protect vulnerable workers and source responsibly. Our preferred investments are in young, revenue producing companies using information technology to enhance global marketing and supply chain management. If you think of the world as a $90T GDP entity, then even a 1% efficiency is a big opportunity.”, Floyd says that one of the big problems with supply chain investment is that even the term itself can be unclear. “A company we’ve been working with has just landed Walmart, who wants to make sure that its 40,000 suppliers are following the guidelines.”, The opportunity can also depend on what area of the asset lifecycle you’re looking at, according to Floyd. Top Investor Types Accelerator, Venture Capital, Venture Debt Top Funding Types Seed , Series A , Series B , Angel , Pre-Seed This list of startups in the supply chain management space provides data on their funding history, investment activities, and acquisition trends. If you’re a carrier trying to best utilize their trucks and network, that’s huge.”. bringing an inefficient value chain online. Do I care where that multi-million dollar truckload of temperature- and shock-sensitive pharmaceutical products is? ... reducing waste in the fruit and vegetable supply chain with proprietary material science innovation. Santosh Sankar, co-founder and director of logistics and supply-chain focused venture capital fund Dynamo, is bullish on their hometown city Chattanooga’s geographic vantage for becoming a logistics technology hub. Phone Number 207 286-6464. Almost perversely, supply chain is also the final frontier of tech-based efficiency optimization. It’s just been hard to find commonality in the data to have intelligence about what’s really going on in the supply chain. Supply Chain. “Many VCs have a finance and consulting background and haven’t spent time in supply chain. “Costs related to supply chain will account for 30% – 80% of sales,” says Aoaeh. MASTER'S DEGREE THESIS Management of the Supply Chain – Case of Danfoss District Heating Business Area. Download PDF. Supply Chain Ventures is an angel and early-stage venture capital partnership. On the mobility front, we leverage a very similar model to supply chain and … To answer the need for better resiliency, we’re looking for technologies that help companies to really get deeper control over multi-tier supply chains.”, Anderson and Dershem are also looking really hard at centralized supply chain planning. Today, Anderson and business partner Dan Dershem lead Supply Chain Ventures LLC, an early-stage and late-stage venture capital fund focusing on AI/ML-enabled supply chain software. Supply Chain; Sustainability; Training & Education; Tag "Venture Capital" Back To Homepage Subscribe To RSS Feed. There are a lot of those people now who are younger and get how things like AI and ML and real time data can improve supply chain decision making.”, Even for Floyd, the outlook is promising. Think of something like handling returns, and accurately predicting delivery times. Dynamo Ventures is an industry-focused fund based on our experience, expertise, and network. When Aoaeh looks to the future of supply chain technology, he sees a lot of areas that are exciting, but cautions that some are further along than others. For example, the environmental, social and governance (ESG) perspective seeks to ensure traceability and compliance with regulatory standards governing, for example, conflict minerals and child or slave labour in the supply chain. “One of the things in supply chain that I think will be really interesting,” says Floyd, “is that a lot of the data that exists in a supply chain gets tracked elsewhere. A classic supply-and-demand phenomenon is in play — the proliferation of capital committed to venture funds has resulted in a massive hoard of dry powder available for firms to invest, while the number of viable opportunities has … This fall, Intrinsic Capital Partners announced a $102 million equity fund focused on the cannabis industry. Home. Aoaeh and Anderson have both reported that they spend significantly more time fielding questions about supply chain from generalist investors in both venture capital and private equity firms. “What we’re looking at in the next few years comes under four broad areas: next-generation logistics, advanced materials, advanced manufacturing and data and analytics,” he says. On March 11, the World Health Organization officially classifying COVID-19 as a pandemic. Anderson advises, “If you don’t have the knowledge in the space, you have to find someone that you can bring in that understands supply chain. Brian Aoaeh of REFASHIOND, the next-gen supply chain specialist. Absolutely—that’s the visibility I want. ... reducing waste in the fruit and vegetable supply chain with proprietary material science innovation. “Disposition is a little trickier,” he says. “Ultimately, you’re going to have to invest in capital expenditures to satisfy that additional demand. PDF. Supply Chain Ventures is an angel and early-stage venture capital partnership. Floyd thinks that the absence of major shifts is a good sign. Flock Freight can provide insights into optimising road haulage. Mobility. View All Result . In addition to Supply Chain Management Review, he is also Executive Editor of Modern Materials Handling. Enterprise Ireland ranked third globally for seed investment . There’s a huge amount of information that, frankly, all of the legacy supply chain decision making systems can’t use. No one’s going to deploy a supply chain technology because ‘gee whiz, that’s cool’. Supply chain, it seems, is ripe for disruption. PDF. The cooperation combines Temasek’s focused and long-term oriented investment strategy and expertise, with Kuehne+Nagel’s global logistics network and know … Home. Geltor Raises $91.3M as Pandemic Exposes Need for Sustainable Protein Supply Chain USA ... About CPT Capital CPT Capital is the venture arm of a leading private family office. Customers search for solutions to their problems—that’s why we’re maniacal about focusing on answering that question. A few of their successful investments and exits include Descartes (TSX: DSG) (Nasdaq: DSGX), Llamasoft, Shipmonk, Loadsmart, SupplyAI, Transporeon, LeanLogistics (acquired by Brambles), Control Group … Sovereign Wealth Funds are pouring cash into clean tech investments, in a move which could provide the funding needed to accelerate the development of green … Open banking, small business banking, and supply chain management startups secure fresh venture capital in this week's B2B FinTech funding roundup. Become a PLUS+ subscriber and you'll get access to all Supply Chain Management Review premium content including: Full Web Access. Now, with technology, it’s a lot easier to offer an experience comparable to what Amazon is offering.”. 7 Magazine Issues per year of Supply Chain Management Review magazine. Venture capital, especially early-stage investing, is really a 'what's next' game. This fall, Intrinsic Capital Partners announced a $102 million equity fund focused on the cannabis industry. I don’t have that dyed-in-the-wool supply chain background either, but the difference between me and some other folks is that I like to spend time digging into things, and I spent a significant portion of my professional experience prior to investments in operations, or the back office.”, Further, Anderson is wary of tools that don’t offer a full enough view of a supply chain decision process. “There is nothing that we do in the world that doesn’t depend on a supply chain, and if we can increase efficiency and cut costs by even a small percentage point, it can be a really, really big deal. Download PDF Package. You can start with things like logistics, and see how much things have changed in just the past five years. innovative materials for shelf life extension of fresh produce . Modern Logistics Management, Supply Chain Management Review, Supply & Demand Chain Executive , Transport Topics and T he Supply Chain Quarterly are a few of the journals that cover supply chain news and case studies Dr. Anderson is Managing General Partner of Supply Chain Ventures, LLC, a venture capital company specializing in marketing, sales and supply chain software investing. For the vast majority of supply chains, all I need is an approximation of location and status.”, He continues, “You want to solve problems in supply chain that no one else is tackling. Adnavem is disrupting the transport and logistics industry by providing an unbundled service offer where transport buyers can choose the service providers for each part of the logistics chain themselves. But if you think about it from a customer point of view, there’s no customer that goes out searching for a platform. The firm grew to $98M in assets distributed across two funds and 51 investments, managed by a team of nine people. “We’re seeing the death of just in time (JIT) as we know it—because much of JIT is single-supplier. Now you’ll find that the top level CIOs are much more in an enablement role. seed stages to Series D or later. There will be more in-country manufacturing and safety stock. It’s something they’ve been looking at for a while and that he says has begun to take off. I strongly believe that the movement of boxes and money are conjoined twins; as boxes move in one direction, money flows in the opposite direction. “The reason that a lot of supply chains get into trouble is that they rely on old data—think three-month old data in SAP, Oracle or I2/ Manugistics (now both JDA/Blue Yonder)—that’s used to plan and execute supply chain decision making.”. On each episode of the Future of Supply Chain, we sit down with a different entrepreneur, investor, ... Searching for Our Next Venture Fellow. A former managing partner at Accenture, he was a founder of their multi-billion dollar supply chain consulting practice. Primary Menu. September 28, 2020. The Council for Supply Chain Management puts on yearly conferences that attract thousands of supply chain professionals. A few of their successful investments and exits include Descartes (TSX: DSG) (Nasdaq: DSGX), Llamasoft, Shipmonk, Loadsmart, SupplyAI, Transporeon, LeanLogistics (acquired by Brambles), Control Group (acquired by Google/Intersection), Kiva Systems (Acquired by Amazon), SilverPop (acquired by IBM), Optiant’s Power Chain Solutions (acquired by Logility), Steelwedge (acquired by E2Open) and Macropoint (acquired by Descartes). They’re thinking, ‘how do I help the different business units do more with technology?’. More News > If, once you’ve solved that, the answer is a platform, OK. Also, when we look at platforms, we look for something that goes beyond the application itself. “If you talk to some investors who have a background in supply chain,” says Aoaeh, “they will tell you a lot of horror stories about technologies that they thought would be ground-breaking many years ago but weren’t. There will need to be "self-contained" local ecosystems and a "highly engaged, interlocked" global supply chain, said Min Wanli of North Summit Capital. Working Capital is an early stage venture fund that invests in scalable innovations to meet the growing corporate demand for more transparent and ethical supply chains—addressing the urgent need to protect vulnerable workers and source responsibly. The convergence of supply chain and fintech. Supply Chain Risk; Warehousing; Distribution; Technology; Operations; Procurement; Search for: Search. He agrees that 10 years ago, it would have been difficult to do things that we see innovators doing now, because technologies weren’t as advanced. A better comprehensive understanding of the data from origin to final destination can give you great insight. Ryan Floyd is Co-Founding Managing Director of Storm Ventures, an early-stage investment firm that was the first on Sandhill Road to focus on B to B/enterprise SaaS. getty. Freight. He notes that while COVID hasn’t created incredibly massive shifts, there will be some changes. But since then, it appears to have exploded. 21 Waterway Ave, Suite 300 If you invested in technology at that time, you probably lost your shirt, but that has all changed with cloud computing, edge computing, mobile devices, etc.”, Floyd also notes that the prospects for software investments as a whole have improved. Paul Asel, managing partner at NGP Capital, discussed the changes in venture investment with FreightWaves Chief Strategy Officer JT Engstrom during a virtual fireside chat at the American Shipper Global Trade Tech summit. Top Investor Types Accelerator, Venture Capital, Venture Debt Top Funding Types Seed , Series A , Series B , Angel , Pre-Seed This list of startups in the supply chain management space provides data on their funding history, investment activities, and acquisition trends. Through our venture capital fund, RyderVentures, we are fostering the future of logistics by investing in and partnering with companies disrupting the transportation and supply chain industry in all areas, including but not limited to asset sharing, e-commerce fulfillment, next-generation vehicles, supply chain automation, and big data. “Some people see venture as not wanting to go out on a limb, but when you look at what people invest in today versus 20 years ago it’s really pretty amazing. Waste from plastics is a big issue for the circular economy, as is waste in fashion and apparel.”, Aoaeh points out that sustainability goes beyond the feel-good, to align with reducing costs for organizations. “We’re not going to be investing in companies that want to buy trucks, busses and ships, but we are going to be investing in startups that are creating software and possibly hardware that makes it possible to manage those assets, and manage them much more efficiently than was possible in the past.”, For Aoaeh, improving on sustainability will shape some of what is to come. Home Supply Chain. Listen to the Supply Chain Next podcast with Brian Aoaeh >. FoSC #23: Anshu Prasad of LEAF Logistics. Global marketing and sales capabilities, along with continent-spanning supply chains, are the basic engines driving growth in the world economy. ... Venture Capital Floods Into Foodtech. Anderson advises, “If you don’t have the knowledge in the space, you have to find someone that you can bring in that understands supply chain. Here is … On the other hand, you have more control over internal costs, so that becomes easier to tune.”, There’s another problem with spending money to increase demand, Aoaeh says. “Advanced materials that allow us to divert goods that would have ended up in incinerators and landfills and turn them into new raw materials is important. Dynamo Ventures ... As a relatively small fund, we are biased towards scalable software businesses (including IoT) rather than capital intensive hardware businesses. The Woodlands, TX 77380, USA, Listen to the Supply Chain Next podcast with Dave Anderson >, Listen to the Supply Chain Next podcast with Brian Aoaeh >. It will also change the way we think about inventory management and could save on costs if it turns out there is simply no demand for what you’ve made.”, For the long term, Anderson and Dershem are looking at radical new sourcing strategies: essentially, more, not fewer, suppliers. For organizations, the benefit of choosing the right technology lies in tapping into cost-saving efficiencies. Dua Alvi. That’s good, because now everybody needs to up their game in terms of what their capabilities are. We’re also looking at tools that enable the ability to pivot, and building more flexibility into supply chains—the best guys doing local delivery operations are continuously re-optimizing throughout the day.”, Improvements in internet and security technologies will also play out in interesting ways, says Anderson. For example, what happens to supplier networks when there are earthquakes, floods or COVIDs, and what would you do about it?”, He and his business partner Dan Dershem have been looking at procurement from several angles. Supply Chain Ventures LLC invests in conjunction with a number of leading venture capital firms who have a strong interest in fostering innovation in global marketing and supply chain management. Searchable replicas of each magazine issue. If you combine that with everything that’s happening in digital, the future looks pretty bright for tech across the board.”, Listen to the Supply Chain Next podcast with Dave Anderson > When thinking through an investment, we need to know the cost to deploy to the customer, the cost to support the customer, and if there is upsell potential against that opportunity. You’re going to need to buy more machinery, etc., and so you have costs going up.”, So if tuning the supply chain can yield such ROI, why hasn’t this already been happening? “We’re not fully sure what 5G is going to mean yet, but it’s going to allow inexpensive access to a huge amount of IoT and machine learning data. No one’s saying we’re going to replace them any time soon, so the CFO can continue to get his financial and inventory data, but we can better manage execution decisions in transportation or a planning decision around inventory positioning using AI/ML and real-time data.”, Beyond the potential wins for organizations, there are further horizons to watch for in terms of data. But the changes that, historically, would have taken 10+ years are now going to be accomplished in far less time. Venture capital just … Who’d have thought you’d be funding supersonic jets, or self-driving freighters or rockets. SUPPLY CHAIN VENTURESBoston, MassachusettsPhone: 207 286-6464Email: email@example.com, Copyright © 2020 Supply Chain Ventures. “We don’t invest in platforms per se. There are many lessons to be learned from the emergence of fintech over the last 10 years and how they can be applied to supply chain. “In the procurement space, what I want to be able to assess is risk management. All rights reserved, web development | hosting | maintenance: theportwebdesign.com. innovative materials for shelf life extension of fresh produce . It creates an ecosystem that fosters deal flow between companies building technologies critical to the defense sector and trusted capital providers seeking to expand their national security investment portfolio. At that time, the potential was there but the technology wasn’t mature enough. Venture capital just loves logistics – ‘ample room for so many winners’ Freight. Supply chains are now being managed using advanced data analytics and related technology solutions have allowed formerly regional companies to track and respond to global … Venture is one of the earliest transporters to provide speed trucking services catering to the requirements of E Commerce industry with very low Turn around times. You need to partner with Private Equity Recruiters who have an in-depth knowledge of the end-to-end supply chain and a proven history of delivering top supply chain talent to private equity and venture capital companies, along with their portfolio companies. Floyd notes, “What’s been really interesting in B2B overall, is that we’ve seen a number of businesses that were doing well really accelerate.”, Anderson agrees. No Result . A day doesn’t go by that I don’t receive an email from a new startup in one of the areas of supply chain technology, an announcement from a startup that has just received funding or an announced acquisition. TL;DR - Dynamo Ventures is a supply chain and mobility investor, focused on pre-seed and seed-stage opportunities, and invests only in enterprise (B2B and on occasion, B2B2C) business models. This joint venture is able to accelerate the transformation of the logistics industry. Ryan Floyd of Sandhill Road’s Storm Ventures, the supply chain investment sceptic. “Today there are too many people making daily decisions in things like forecasting, execution, or transportation that violate so many of the rules because they think they know better. And it’s not just COVID—there are disruptions going on with China, and the possibility of companies moving elsewhere in Asia or to the US (although I don’t think that’s going to happen as much as people think). Not really. “Restaurants are at the low end at around 30%, and energy is at the high end at 79%. Tesco-backed frictionless checkout firm Trigo has raised $60m in a series B funding round, bringing total investment in the Israeli business to $94m. Supply chain, Venture capital , Supply chain strategy, SaaS, On demand, Open source, Supply chain software, Supply chain technology, Angel investing, Angel investor, Supply chain innovations, Supply chain innovators, Marketing & Sales strategy, Marketing Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity. Logistics and transportation provider Ryder System Inc. is predicting fast growth in supply chain technology and has created a $50 million venture capital fund to ride that wave, the company said today. Established in 2014 Venture Supply Chain Pvt.Ltd. Driving down supply chain costs is always a strategy that will win. For example, the classic freight transaction has 18 steps from RFQ to final payment, and so many of them are not automated. A … “We now have all kinds of real-time data on traffic, weather, product reviews, comments on Twitter, shipment visibility data, declared data from loyalty programs. “We haven’t seen as many opportunities for investment in operations as I would like, but it’s going to be a bright area for investment going forward. PDF. “When you see products, such as blockchain or IoT, looking for solutions, that’s when you really have to be careful.”, Floyd agrees. He is a retired managing partner of supply chain consulting at Accenture, a $40 billion global technology consulting company. Supply Chain; Apply for Accreditation; Accredited Institutes; Rules & Regulations; Upcoming Events; No Result . “. An inefficient supply chain can do more than frustrate customers. Leveraging data that you already have to get intelligence and insights about your supply chain is a great story, because you can do this without introducing additional friction into the system.”, Aoaeh also points out that, on a macro level, the potential opportunity waiting in supply chain optimization is huge. Aoaeh and Anderson have both reported that they spend significantly more time fielding questions about supply chain from generalist investors in both venture capital and private equity firms. As with any market disrupting idea, those who invest resources and capital early on will be on the forefront of completely changing the way we think about, enact and assess supply chain processes. Currently Storm is specializing in go-to-market, and is starting its sixth fund. Logistics visionary Dave Anderson has been a leader in data-based supply chain optimization since the 1970s and worked as an operations and technology consultant throughout the 1990s. So the massive companies that had the balance sheet to invest in that sort of thing could do it, but for everyone else it wasn’t realistic. All kinds of parameters affect these wait times, and the question about how long a shipment will be waiting in a logistics hub or port is a huge black hole that exists in supply chain right now. ... executive vice president of corporate development at the Association for Supply Chain Management, an industry group based in Chicago. More venture capital is flowing into the supply chain as the wealth of data gained through Internet of Things (IoT) devices and other applications continues to expand. April 02, 2020 in Venture Capital … Today he is frequently consulted by other investors about supply chain-related initiatives as he and his co-founders build REFASHIOND. And while that job may have been more physical before, now it involves things like stitching applications together and creating workflows between applications, ensuring that there are automatic triggers, making the onboarding of an employee a magical experience, and making the onboarding of a new customer delightful so they want to expand with your product.”, He continues, “The days of the ‘command and control’ CIO, who owns all the applications, are over—and have been for a while. Breaking into venture capital & solving enterprise problems through supply chain. A lot of that has to do with the success of companies like Amazon putting a tremendous amount of pressure on everybody else. Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. That’s why we’re investing in AI and machine learning tools that sit on top of these legacy systems and feed back into the legacy systems via an API.
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