Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the food industry. This time, you get to discover 5 hand-picked supply chain management startups.
Global Startup Heat Map highlights 5 Top Supply Chain Management Startups out of 788
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 788 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 supply chain management startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 783 supply chain management solutions, get in touch.
Transparent Path provides Supply Chain Monitoring Solutions for Perishable Products
Food supply management demands robust warehousing and timely transit. Even though warehouses and logistics use refrigerated systems to transport food items, significant loss still incurs due to improper management. Supply chain monitoring improves efficiency and quality along with enhanced risk mitigation. That is why startups now develop efficient data-driven solutions to optimize supply chain management through condition monitoring and generating insights.
The US-American startup Transparent Path provides Internet of Things (IoT) sensors and an artificial intelligence engine to monitor the food supply chain and predict risks along the way. The startup’s ProofTags are biodegradable sensors that are affixed on each package to monitor them at the pallet, crate, or case level. Cold Chain Gateway is another product from the startup with enhanced features such as continuously connected 4G gateways and end-to-end monitoring until a product reaches the end-customer. Transparent Path’s solutions improve supply efficiency and provide customer satisfaction while reducing overall cost.
Farm Fare enables Local Producer-Consumer Collaboration
The COVID-19 pandemic disrupted the food supply chain worldwide as the whole world went into lockdown. By that time, communities understood the importance of local food producers and relied on them for food. Startups assisted this situation by developing tech-driven solutions that connect local farmers and other food producers to local consumers. As a result, food producers efficiently supply their produce while food insecurity starts to decline.
Farm Fare is a US-based startup that provides a custom-built platform to enable farmers and food hubs to access wholesale channels directly. The startup also provides logistics and distribution services to manage outbound freight for the food hubs. Farm Fare’s supply chain solutions ensure that small-scale producers and food hubs share expensive infrastructure and the same marketplace, thus saving costs and optimizing the supply network.
Two Hands develops a Smart Tag to ensure Traceability
Intermediaries in the existing supply chains cause unnecessary delays in payments. Additionally, handling alive food, lobsters for example, at different levels of the supply chain dramatically impacts its quality. That is why startups develop novel solutions to reduce handling and remove mediators to connect the food providers and consumers directly. Such a re-engineered supply chain also provides better traceability, food safety, and authenticity.
British supply chain startup Two Hands integrates blockchain and smart tagging to ensure traceability across the supply chain, from farm-to-table. The startup utilizes the Hyperledger Fabric blockchain to run a private distributed ledger for each supply chain, enabling quick, secure, and transparent transactions. Further, their tamper-evident Smart Tag ensures the authenticity of the product ordered through the Two Hands marketplace. Moreover, the Two Hands Chain of Custody App also enables chefs to control the ordered product’s travel itinerary.
Fresh Supply digitizes the Food Supply Chain
Logistic companies partner up with other service providers to widen their service area. That is why constant shipment monitoring is essential for customers and businesses to ensure smooth functioning. Advancements in automation and tracking sensors enable startups to build effective solutions that track and monitor shipments throughout the supply chain. Also, the data acquisition and analysis is further improved with cloud computing and big data analytics to provide even more insights.
Fresh Supply is an Australian startup that specializes in digitizing the food supply chain. The startup uses the Mastercard Provenance blockchain to ensure a tamper-free financial system while offering speed and scalability. Furthermore, Fresh Supply also provides an application programming interface (API) to automate data collection from multiple points without workflow interruption, thereby optimizing operations and management for mid- and large-size businesses.
FOODAKAI offers a Food Safety Optimization Platform
Food condition monitoring helps businesses reduce spoilage and wastage. However, spoilage during transport is a significant concern for perishable products. That is why startups develop innovative cloud-computing and analytics solutions to optimize the food supply network as well as perishable management to reduce spoilage. For example, humidity and temperature tracking sensors on packages facilitate AI-enabled systems that predict their shelf life. This enables warehouses and vendors to avoid food wastage through timely product movement.
Greek startup FOODAKAI provides a cloud-based intelligent platform to minimize food safety risks in the supply chain. The startup’s platform identifies the critical control points (CCP) of a supply chain and correlates them with global food safety incidents. This way, the FOODAKAI platform delivers insights about hazards in raw materials and products. Furthermore, the startup’s solutions also feature live-risk assessment, personalized alerts, and supplier checks, among others.
Discover more FoodTech Startups
FoodTech startups such as the examples highlighted in this report focus on developing new ingredients, bioprinting as well as creating more sustainable food. While all of these technologies play a major role in advancing the food industry, they only represent the tip of the iceberg. To explore more food technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Food Innovation Report to save your time and improve strategic decision-making.
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