The Global Supply Chain and Logistics systems have been in turmoil while dealing with Covid and its fallout. Many believe this will continue long after the Covid issue is dealt with. There have been colossal shifts in the way global trade is conducted and there is an impending need for solutions to the pain points we all find to be suffering from in some way. Below are 5 companies we’ve found that might just have the solutions to some of these problems.
For companies that have hundreds of stores, thousands of products and suppliers around multiple countries, collecting and analyzing data is a huge challenge. The software company Splunk takes its customers’ raw data and puts it into a format that is actually readable, so that those retailers can see patterns related to pricing, and where products are. It’s a way to take a very detailed, global look, but in a simple format on a real-time basis. Analyzing data in this way has become especially important during the pandemic, when companies increased their digital footprints and will continue to be important going forward now that the supply chain network will have to be completely reworked to keep up with the times.
Verses Technologies was just recently publicly listed. Verses first use case, revenue-generating, proof of work app built on their AI OS platform optimizes supply chain logistics and warehousing efficiency called “Wayfinder”. There is a reason that over 100 companies are lined up to work with Verses, including many Fortune 500 and Global 1,000 companies. Verse OS cracked the code for logistics and, in our view, will be a key part of solving the world’s supply chain crisis.
Based on the effectiveness of what Verses logistics is proving, this has incredible potential and we believe the next 6-12 months will demonstrate that blue sky as they convert pilots to contracts, and bring on integration partners and resellers who will begin to scale them to the equivalent of hundreds, then thousands of companies.
Amazingly it has also created the underlying protocols that have been classified by the IEEE (Institute of Electrical and Electronics Engineers) as a Public Imperative. The IEEE standardized Ethernet, Wi-Fi and Bluetooth, as well as electricity for reference.
Their OS is expected to be ratified as the global de facto standard for Web 3.0 / Spatial Computing within 18 months.
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