Welcome to the 78th edition of The LogTech Letter. TLL is a weekly look at the impact technology is having on the world of global and domestic logistics. Last week, I took the somewhat controversial view that there are actually too many startups all vying for a limited amount of buyer and investor attention. This week, I’m trying to unravel the increasingly confusing tangle of public supply chain data initiatives.
Cannot agree more. It’s never been more difficult to ask an existing company with zero tech background or budget to figure out what’s the right tools for their business.
And not knocking them necessarily, but it also doesn’t help when VC’s engage in their own market making for software and compete with one another & their portfolio companies.
It significantly adds to the clutter. With more venture backed startups and e-commerce shippers coming online, with more budget, deploying that capital and fighting for eyeballs and attention - further complicating the matter. It will continue to get messy but over time the cream will rise to the top once the froth dies down. Capital alone can’t create amazing companies. #sorryforthecliches
A Tangled Web of Good Intentions
Another great edition. Thanks Eric!
Cannot agree more. It’s never been more difficult to ask an existing company with zero tech background or budget to figure out what’s the right tools for their business.
And not knocking them necessarily, but it also doesn’t help when VC’s engage in their own market making for software and compete with one another & their portfolio companies.
It significantly adds to the clutter. With more venture backed startups and e-commerce shippers coming online, with more budget, deploying that capital and fighting for eyeballs and attention - further complicating the matter. It will continue to get messy but over time the cream will rise to the top once the froth dies down. Capital alone can’t create amazing companies. #sorryforthecliches