Venture logistics india software#
We are seeing two trends drive tremendous opportunities for supply chain software companies: 1.
Venture logistics india drivers#
Drivers of new opportunities for software in supply chains revolutionize other industries with cloud-enabled solutions, the supply chain and logistics sector is entering an auspicious time where entirely new categories of software will come to market. Just as we’ve seen the rise of vertical software giants, such as Toast, Procore, ServiceTitan, etc. still rely on some combination of email and spreadsheets to actually manage supply chains day-to-day. We are most excited about opportunities for entirely new software categories to emerge that can help to address the unmet needs in this industry, and by doing so, grow this market dramatically larger.ĥ0% of the US’ largest importers still rely on spreadsheets to manage supply chains However, most of these legacy products are really systems of record, not systems of engagement, as is evident from the fact that 50% of the largest enterprise shippers in the U.S. Over the next half-decade, incumbent enterprise supply chain software modules are expected to see over 10% annualized growth, which is impressive for these mature and established software categories. If we look at the current addressable market for these core supply chain software categories, it represents about a $25 billion market today. Traditionally, most enterprise spend on supply chain software was focused on on-premise, ERP-like systems, like transportation management and warehouse management systems. It goes without saying that the supply chain industry is extremely complex and has largely remained offline. Even more impressive, this industry continues to grow rapidly, adding roughly ~ $500 billion of market value each year. Supply chain and logistics is a massive industry-a nearly $10 trillion market representing more than 10% of the global GDP today. We are in the early innings of what will become one of the next great frontiers in cloud software, and we are eager to be backing the entrepreneurs leading this charge. In short, we couldn't agree more with Shippo Co-founder and CEO Laura Behrens Wu. This roadmap discusses the multi-trillion-dollar opportunity ahead and highlights the gains and innovators that will forever impact supply chains by shifting B2B commerce online. The world will be more efficient, resilient, and sustainable because of the operational efficiencies gained with the rise of modern supply chain software companies.
In the same way, the digitization of supply chains will lead to similar opportunities for startups and will go on to change the global economy for decades to come. We have seen massive new software categories created as other legacy industries like financial services and healthcare underwent digital transformations. Amid mounting supply chain concerns over the past year, we realized that these solutions were only the tip of an iceberg, which prompted our deeper exploration of the industry. As we developed our B2B marketplaces roadmap in 2020, we found opportunities for disruption in high-friction markets, including logistics and freight, which ultimately inspired us to back Cargo.one, a digital bookings platform for the air freight industry. Yet, by and large, supply chain management remains inefficient, with very little in the way of innovative and modern software.Īt Bessemer, we’ve been thinking deeply about innovation in supply chains since 2017, when we made our first investment in Shippo, the leading provider of multi-carrier shipping rates for e-commerce vendors. Whether these problems manifest in furniture delivery delays, toilet paper shortages, or higher prices for used cars, supply chains are foundational to everyday life and critical to how global industries and governments operate.
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