How Israeli Innovation Is Making Supply Chains Smarter and More Efficient
Supply chains make the world go ‘round, and they can also make or break a company’s fortunes. According to Deloitte research, 79 percent of companies with superior supply chain capabilities enjoy revenue growth significantly above their industry averages.
The imperative for intelligent supply chain management has fueled a surge in demand for technology designed to make supply chains more seamless and efficient. Allied Market Research projects that the global supply chain management market will soar from $15.85 billion in 2019 to $37.41 billion in 2027.
With its robust capabilities in relevant fields like SaaS, artificial intelligence, and data analytics, Israel’s high-tech ecosystem has produced no fewer than 157 active companies and startups in supply chain and logistics management, according to figures from Start-Up Nation Central.
Here’s a look at how a few of those companies are driving supply chain innovation:
- Freightos provides an online marketplace where businesses can compare air, ocean, and tracking quotes from a wide global network of freight providers, with on-demand tracking and live updates. Founded in 2012, the company has secured $94.4 million in funding from investors including Aleph VC, GE Ventures, OurCrowd, Singapore Exchange, and others.
- Bringoz’s end-to-end SaaS logistics platform provides real-time, automated delivery capabilities, including planning, scheduling, and route optimization.
- A leader in cold chain management (CCM), BT9 helps preserve food security with its Xsense® monitoring system, which provides real-time monitoring, data analytics, and alerts throughout the cold chain lifecycle.
As companies examine their supply chains and look for new efficiencies, many will turn to sophisticated technology solutions – and many of them can be found in the heart of the Startup Nation.
For more information, please visit http://www.itrade.gov.il/ or contact your local Israel Economic Attaché.