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Top Logistics Companies In World – We analyzed 246 Cold Chain initiatives affecting the Logistics and Supply Chain. CloudTrack, HashMove, SmartCAE, INPROUS and SolarFreeze develop top 5 solutions to watch out for. Find out more in our Global Startup Heatmap!
Our Innovation Analysts recently reviewed emerging technologies and promising startups working on solutions for the logistics industry. As there are so many startups working on a wide variety of solutions, we want to share our insights with you. This time, we take a look at promising cold chain initiatives.
Top Logistics Companies In World
For our top 5 picks, we used a data-driven venture research approach to identify the most relevant solutions globally. The Global Startup Heatmap below highlights 5 interesting examples from 246 related solutions. Depending on your specific needs, your best choices may look completely different.
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The packaging industry is constantly evolving to meet the demanding needs of cold chain logistics. Companies are looking for packaging with better sealing material and pallets that are significantly more resistant to damage during shipping. Many industries are adopting eco-friendly packaging solutions and are turning to reusable containers to reduce waste.
Spanish company INPROUS develops ecological and specialty packaging solutions for pharmaceutical logistics, diagnostic laboratories and hospitals. They provide a variety of reusable refrigerated thermal containers that can be continuously monitored. The containers are designed to maintain the temperature for up to 96 hours for the transport of pharmaceutical and biological products. They also provide cold pallets and thermal protection sheets to neutralize the effects of extreme ambient conditions.
Cold supply chain companies face the challenge of ensuring the quality and safety of temperature-sensitive products during shipping and distribution. These perishable products are tested in a variety of environmental conditions that recreate different physical states. This iteration process is used to fine-tune and optimize conditions that have traditionally been costly and energy-intensive. Computer simulations are a solution to test solutions faster at lower costs.
German company SmartCAE develops virtual models of the cold chain for testing and optimization purposes. SmartCAE offers software tools to design and analyze the performance of packaging by simulating the conditions of an insulated shipping system. The software also analyzes the data to measure losses if the system cannot maintain the required temperature.
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Cold chain logistics uses a wide variety of refrigerants and consumes a lot of energy to store temperature-sensitive products, making it a challenging environment to be sustainable. Innovative solutions are required to strike the right balance between the energy-intensive processes of cold chain logistics and addressing the various environmental issues that are beginning to affect daily life.
Kenyan company SolarFreeze is developing solar-powered mobile cold storage. The electricity produced by photovoltaic panels is stored in the form of ice to provide cooling during non-solar hours. These solar-powered cold container rooms are used for the storage and transportation of perishable products. SolarFreeze also offers cold storage service for farmers who can access information about their products via the mobile application.
Because cold chain is a complex form of logistics that requires strict temperature control and high energy consumption, many companies find it difficult to own and operate refrigerated fleets, mainly because of cost concerns. That’s why they turn to 3PL providers to outsource some of their distribution, storage and fulfillment. The repetitive nature of these tasks is especially valuable for artificial intelligence (AI) and Internet of Things (IoT) startups looking to provide 3PL solutions.
UAE-based startup HashMove is developing a digital platform for manufacturers and suppliers to collaborate with logistics providers to outsource their cold chain operations. These 3PLs provide assets such as warehouse facilities and/or shipping fleet to manufacturing companies at low cost. HashMove also provides real-time tracking and monitoring of goods with integrated IoT cloud technology.
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Monitoring the condition of temperature sensitive products shipped over significant distances is very important for many businesses to prevent unnecessary losses. Monitoring the temperature of products in transit provides increased quality and safety in industries such as agriculture, food and pharmaceuticals. The growing demand for real-time temperature monitoring and location tracking has spawned many innovative startups working on cold chain solutions.
Indian startup CloudTrack is developing Software as a Service (SaaS) for real-time monitoring of cold chain logistics. Their software sends alerts via SMS, calls and app notifications when the temperature changes against the preset threshold values. They also provide real-time tracking of the entire fleet. CloudTrack uses geofencing technology for automatic check-in and check-out and provides insights for route optimization and planning for the entire fleet.
While we believe data is the key to creating insights, it can be easy to be surprised. Our goal is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership or investment goals. The 5 cold chain initiatives showcased above are promising examples from the 246 companies we analyzed for this article. Get in touch to identify the most relevant solutions based on your specific criteria and collaboration strategy.
Wondering what trends and initiatives will impact your business soon? Explore our in-depth industry research on 996 Wholesale Distribution initiative and scaling, and gain data-driven insights into technology-based solutions in our Wholesale Distribution Innovation Map!
Transportation And Logistics
Wondering which supply chain trends and initiatives will impact your business soon? Explore our in-depth industry research of more than 6,900 supply chain initiatives and scale-ups in our Supply Chain Innovation Map and gain data-driven insights into technology-based solutions!
Are you curious about new technological developments in the logistics industry? Explore our analysis of 322 global initiatives and scale-ups and learn how logistics decarbonization solutions impact your business!
Wondering which warehouse management trends and initiatives will impact your business soon? Explore our in-depth industry research on 1,520 warehouse management initiatives and scale-ups, and gain data-driven insights into technology-based solutions in our Warehouse Management Innovation Map!
Get in touch for a head start on startups, scale-ups and disruptive technologies to discover what will impact your business in the future! Did you know that 80% of global merchandise trade is transported by sea? Given the scale of human consumption, this requires enormous numbers of shipping containers and ships to transport them.
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At the industry level, container shipping is dominated by a few very large firms. This includes Maersk, COSCO Shipping and Evergreen. If you live along the coast, you’ve probably seen ships or containers with these names on them.
However, generally speaking, consumers know very little about these businesses. This chart aims to change that by ranking the top 10 container shipping companies in the world.
Companies are ranked according to two metrics. First is the number of ships they own and second is their total shipping capacity, measured in twenty-foot equivalent units (TEUs). One TEU is based on the volume of a twenty-foot long shipping container.
The data used in this infographic comes from Alcott Global, a logistics consulting firm. Fleet sizes are as of June 2021 and TEU capacity is as of January 2022.
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In this dataset, Maersk and MSC share the top spot for TEU capacity. This is no longer the case, as news sources recently reported that MSC is leaving the old one behind.
Behind the two industry leaders is a mix of European and Asian firms. Many of these companies have grown through mergers and acquisitions.
At the time of this writing, Maersk is Denmark’s third largest company by market capitalization. The firm was founded in 1904 and is 118 years old.
Mediterranean Shipping Company (MSC) has grown very rapidly in recent years, catching up with (and surpassing) long-time leader Maersk in terms of TEU capacity.
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The Swiss company increased its fleet size with new orders, second-hand ship purchases and charter agreements.
COSCO Shipping is China’s state-owned shipping company. U.S. officials expressed concern about the firm’s expanding global influence.
For context, Chinese state-owned enterprises have ownership stakes in terminals at five US ports. This includes Terminal 30 at the Port of Seattle, in which two COSCO subsidiaries hold a 33.33% stake.
Going forward, China’s interest in US terminals will face an even more stringent regulatory environment. – Kardon (2021) Evergreen
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Evergreen is probably a familiar name, but not for the right reasons. One of the company’s ships in 2021,
, stranded in the Suez Canal, shutting one of the world’s most important shipping routes out of service for nearly a week.
Container ships are getting bigger and bigger to achieve better economies of scale. The chart below shows this trend from 1970 to 2017.
Average capacity is pulling upwards with the advent of mega-ships, which are vessels with capacities over 18,000 TEU. Their massive size creates problems for ports not designed to handle such high volumes of traffic.
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(owned by Evergreen), has a capacity of 24,000 TEU. Watch this YouTube video for some impressive footage of the ship.
Bloomberg reported that shipping accounts for 3% of the world’s carbon emissions. If the industry were a country, that would make it the world’s sixth largest emitter.
Due to the growth of ESG investments, shipping companies faced pressure to decarbonize.
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