Welcome to the 37th edition of The LogTech Letter, a weekly look at the impact technology is having on the world of global and domestic logistics. Last week, I explored the idea that individual optimizations fall short when they run into one another. This week, I’m dissecting how and why startups and logistics seem to go from curiosities to household names.
Eric, fascinating comments on the life cycle of logistics tech start ups. I would add two more key fundamentals - persistence and profitability. This market is adapting slowly to a revolution in technology and having to weigh out holding the course with internally developed investments in technology vs outsourcing and jumping into Saas and Cloud. Profitability = Longevity and that opens the door for persistence. Still here after 23 years and still private. Bryn at Trade Tech
Eric, fascinating comments on the life cycle of logistics tech start ups. I would add two more key fundamentals - persistence and profitability. This market is adapting slowly to a revolution in technology and having to weigh out holding the course with internally developed investments in technology vs outsourcing and jumping into Saas and Cloud. Profitability = Longevity and that opens the door for persistence. Still here after 23 years and still private. Bryn at Trade Tech
Eric, you'd make a great CEO with knowledge like this. 90% of freight tech startups should ditch their current CEO and hire you instead!!!
Tim at AscendTMS