AUGUST - 2022 9logisticstechoutlook.comThe COVID-19 Pandemic put a lot of strain on global supply chains. Businesses were shutdown which cut production. Demand shifted from services to products, which in turn changed what products were produced and how they were fulfilled. This led to the massive increases in the cost of shipping containers over the past months and severe delays in receiving products from overseas, hampering businesses worldwide. These trends increase the need and demand for Logistics Technology. Companies that can help their clients manage these challenging times can grow their market share. The list of available opportunities and challenges is comprehensive. There is need for companies to track inbound inventory for delays and to find alternative suppliers. There is need for tools to optimize freight and shipping routes. There is need for increased automation and robotics that can help warehouses increase inventory turns and continue operating even if staff are out sick due to COVID.Tech Coast Angels is one of the largest Angel investing groups in the country. We have seen an increase in the number of Logistics Technology startups in the Southern California area over the past several years. The region benefits from a large number of universities, an expansive industrial base, and plenty of former aerospace workers and expertise--all promoting a robust startup culture.We expect to see continued investment in the Logistics Tech space in Southern California and the rest of the world as companies seek to resolve the supply chain issue and restore global productivity. Kevin WuThere is need for companies to track inbound inventory for delays and to find alternative suppliers
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