Supply chain and logistics tech companies are gaining momentum with over US$8.3 billion in venture capital having been injected into the sector since 2012. According to McKinsey & Company’s “Supply-chain finance: The emergence of a new competitive landscape,” fintechs already control an estimated 10-15% of the supply chain finance market.
Supply chain and logistics tech companies are those that use software to improve efficiency across the supply chain and logistics ecosystem. They cover a wide range of areas and provide varied solutions from as e-commerce logistics, sensors and asset tagging, to freight and supply chain visibility, trucking, warehousing and inventory management. In recent years, specific fintech solutions have begun to emerge to deliver dedicated financial services to the sector. These players are seeing the opportunity to tap into an industry that is in constant need of accessible and faster means of conducting business processes, including managing finances both in consumer-facing and back end operations.