In today’s market, supply chain management relies heavily on modern technology solutions. From advanced analytics to blockchain integration, tech-driven new supply chain solutions offer innovations that optimize operations and enhance visibility across the supply chain. Utilizing AI-driven forecasting tools, businesses anticipate demand and streamline inventory management. RFID tracking systems ensure real-time monitoring of goods, reduce errors and enhance efficiency.
Automated warehouse management systems expedite order fulfillment and benefit both manufacturers and retailers. IoT sensors provide insights into transportation conditions and ensure product quality and customer satisfaction. Cloud-based platforms facilitate collaboration among supply chain partners, which fosters agility and adaptability. These technologies enable businesses to deliver superior products and services while driving growth and profitability.
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Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the supply chain industry. This sector is marked by key trends and a substantial workforce, shaping its future. We updated this report 5 days ago. Missing information? Contact us to add your insights. Here are some key insights at a glance:
- Latest Supply Chain Trends: Some of the top trends in the supply chain industry are digital Logistics, blockchain transparency, digital supply chain platforms, supply chain modeling, and AI inventory management.
- Supply Chain Industry Statistics: The global supply chain industry encompasses 140K+ organizations and has a 21.3 million workforce. It is experiencing a dip of 0.29% in annual growth rate but has seen the emergence of 26K+ new supply chain solutions in the past five years.
- 10 New Supply Chain Solutions to Watch:
- Trackgood – Supplier Onboarding
- Karpine – Supply Chain Transparency
- DropSynco – Online Inventory Management
- Lyric – AI Supply Chain
- Versed AI – Supply Chain Mapping
- Sugar VR – Automated Business Insights
- Translytics – Supply Chain Diagnostics
- Xygeni – Software Development Life Cycle
- Calathea – Supply Chain Sustainability
- e-Procure – Cloud Procurement
Discover 10 out of 26K+ Emerging Supply Chain Solutions
In this section, we highlight 10 emerging supply chain solutions that are leading to innovative solutions. These companies are rapidly responding to logistical and business concerns and evolving market demands. By pioneering faster development cycles, new sustainable materials, smart sensors, and 3D technologies, these companies are setting new standards in the supply chain industry.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Trackgood
- Founding Year: 2020
- Employee Range: 2-10
- Location: New Zealand
- Signal Strength: Very Strong
- What they do: Trackgood implements a blockchain-based platform to ensure supply chain transparency from production to consumer. The platform enables businesses to onboard suppliers and offers real-time visibility into supplier networks. Suppliers then record product movements by scanning QR codes, with each transaction securely logged on the blockchain. This process results in a tamper-proof record and enhances the security of supply chain data. Trackgood’s platform also allows for the monitoring of goods, which aids in operational efficiency and risk reduction. Businesses in the food and beverage sector, as well as the fashion industry, benefit from ethical sourcing and production assurance.
2. Karpine
- Founding Year: 2021
- Employee Range: 2-10
- Location: India
- Signal Strength: Very Strong
- What they do: Karpine introduces Track & Trace, a supply chain platform that improves supply chain management by enhancing transparency and security. It integrates IoT, AI, and blockchain to offer real-time visibility into the supply chain. It enables businesses to monitor and authenticate product journeys to ensure transparency at every stage. The platform uses smart labels, QR codes, RFID, and NFC to capture data across the supply chain automatically. This data feeds into existing supply chain platforms or pre-configured supply chain dashboards. Karpine’s platform benefits businesses with actionable insights for inventory planning and operational efficiency optimization.
3. DropSynco
- Founding Year: 2022
- Employee Range: 2-10
- Location: Ireland
- Signal Strength: Very Strong
- What they do: DropSynco develops an inventory management platform for small-scale online stores that streamlines product import and synchronization. The platform supports various file formats such as JSON, CSV, and XML for inventory updates. It enables sellers to schedule product imports and inventory updates on a timely basis. The platform updates various product fields, including prices, quantities, and images to ensure comprehensive data management. DropSynco’s platform also uses multiple feed import methods, like FTP and direct upload, to offer flexibility in managing product data. This allows online small-scale store owners to benefit from the app’s ability to sync inventories across multiple locations.
4. Lyric
- Founding Year: 2021
- Employee Range: 11-50
- Location: Canada
- Signal Strength: Very Strong
- What they do: Lyric develops an AI platform that orchestrates supply chain operations for enhanced decision-making. The platform, known as Lyric Studio, enables rapid transition from conceptual ideas to fully operational AI products. It provides a collaborative environment for data scientists and supply chain professionals to innovate and deploy AI models efficiently. With a library of pre-built AI content, the platform supports the creation of sophisticated decision products. The platform’s integration with transactional systems facilitates a seamless, scalable, and secure AI deployment for supply chain organizations
5. Versed AI
- Founding Year: 2019
- Employee Range: 11-50
- Location: UK
- Signal Strength: Very Strong
- What they do: Versed AI develops an analytics platform based on customer feedback and direct experience to focus on actionable insights. Its dashboards and analytics tools provide flexibility and speed that support operational challenges and strategic planning. The AI engine powers supply chain mapping and enables quick visualization and interrogation of supply chain maps. It allows enterprise customers to benefit from sophisticated relevance tailoring for specific use cases. The platform allows for the identification of bottlenecks, diversification of supply chains, and mitigation of risks from geographic exposure and cyber threats.
6. Sugar VR
- Founding Year: 2020
- Employee Range: 51-200
- Location: USA
- Signal Strength: Strong
- What they do: Sugar VR provides real-time data analytics for supply chain management through AI-powered visualizations. The platform offers business insights with interactive features that enhance decision-making processes. The company’s digital tool automates various aspects of supply chain management and streamlines operations. Logistics professionals benefit from the system’s ability to predict trends and adjust strategies accordingly. The integration of business intelligence capabilities facilitates a comprehensive view of supply chain metrics.
7. Translytics
- Founding Year: 2021
- Employee Range: 11-50
- Location: India
- Signal Strength: Very Strong
- What they do: Translytics offers a supply chain diagnostics engine that conducts thorough data analysis to offer insights into logistics and inventory management. This engine utilizes decision intelligence to provide precise predictive analytics for various business needs. It also features descriptive analytics dashboards, developed on Power BI, to visualize data and identify improvement areas. Industries across the spectrum benefit from the actionable strategies derived from Translytics’ comprehensive data analysis. It also optimizes inventory placement and streamlines hub-to-hub logistics and ensures high service levels at reduced costs.
8. Xygeni
- Founding Year: 2021
- Employee Range: 11-50
- Location: Spain
- Signal Strength: Very Strong
- What they do: Xygeni manages software development life cycles through its SDLC Inventory platform. It employs automated discovery tools to identify and catalog every asset within the software supply chain ensuring complete visibility and control. It tracks and manages a wide array of assets, from code repositories to cloud resources and security tools, providing a unified view of the supply chain. Xygeni enhances decision-making with dependency mapping tools that illustrate the interconnections and dependencies among assets. It also integrates risk management to evaluate and address security risks associated with each asset systematically. It enables organizations to benefit from the ability to maintain an up-to-date and secure asset landscape, which is crucial for the fast-paced development environment.
9. Calathea
- Founding Year: 2022
- Employee Range: 2-10
- Location: UK
- Signal Strength: Medium
- What they do: Calathea offers a software platform for continuous, real-time sustainability assessment of suppliers. The platform delivers insights for setting sustainability targets tailored to individual suppliers and aligns with corporate goals. It utilizes AI for in-depth, real-time supply chain analysis, identifying risks and opportunities for immediate and long-term impact. The platform’s insights cover the full ESG spectrum, including supply chain ethics, risk, and compliance, ensuring resilience and continuity. The system provides high-definition visibility, allowing businesses to monitor and map supply chain sustainability and performance. By fostering collaboration with suppliers, the platform facilitates incremental change towards sustainability.
10. e-Procure
- Founding Year: 2020
- Employee Range: 51-200
- Location: Saudi Arabia
- Signal Strength: Very Strong
- What they do: e-Procure develops a blockchain cloud platform to enhance B2B e-commerce supply chain experiences. It integrates a B2B marketplace with cloud procurement management systems and facilitates secure and transparent business transactions. It operates on a secure blockchain network and ensures data integrity and transaction security for all users. B2B buyers and sellers benefit from streamlined communication and management tools. The platform’s innovative approach supports businesses in automating and simplifying B2B payments and procurement processes.
Quick Tip to Find New Supply Chain Solutions
Utilizing a SaaS platform like the Discovery Platform for identifying new supply chain solutions provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying supply chain innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the supply chain industry. The platform keeps you informed with near real-time updates on emerging supply chain solutions and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the supply chain sector, such as blockchain tracking, AI inventory management, or digital supply chains. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New Supply Chain Solutions?
We’ve explored the dynamic landscape of the supply chain industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free Supply Chain Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments. We’re keen to partner with subject matter experts to enrich our coverage. Think you can help? Let us know.
