The consumer landscape in logistics and supply chain is changing.
Companies are under pressure to meet the ever increasing demand for fast, transparent and clean delivery. A growing trend of ultra-fast grocery delivery startups, including Gorilla, Dija, Weezt and getir, has begun. Next or same day delivery for electronics and fashion is becoming the norm. The pandemic has accelerated the need for goods and services to come to the consumer rather than the other way around.
To compete, big players must now align with these new delivery models. French retailer powerhouse Carrefour, for instance, recently announced it was in advanced negotiations with Cajoo – a startup that provides under 15 minutes grocery delivery services.
While we’ve seen the entrance of new technologies in the logistics and supply chain industry that have helped grow efficiency and profitability over the last decade, this is insufficient for the world we live in today. Throw in COVID-19 related restrictions, and many companies end up struggling with either shortages or overstocks.
These pains, and the industry’s reliance on archaic systems like spreadsheets, feel paradoxical in a world where groceries can arrive in 15 minutes, and a new laptop can be bought and returned within 24 hours, all without leaving your house.
Jean-Baptiste Clouard and Mehdi Adjaoue are two startup founders helping logistics companies leverage technological breakthroughs to transform their supply chain and workflows to meet growing consumer demand.
Their businesses – Flowlity and Eyepick – are part of a new generation of startups bringing AI to this ‘old school’ industry.
They joined us at a recent event at Station F, the home of Entrepreneur First Paris, to explore why logistics and supply chain are still functioning like old industries – despite the flood of innovations – and how AI can play a role in transforming it, alongside deep tech and early stage startup investor Sofia Dahoune.
Here, we share their stories; how their startups are challenging the status quo in logistics; and where the opportunities are for other aspiring entrepreneurs seeking to bring new technology to this industry.