Rovigos (official site) is a Korean startup that’s taking up a seemingly entrenched and troublesome market: international logistics, with a extremely attention-grabbing technique most individuals wouldn’t count on from an up-and-coming firm: dealing with the availability chain monitoring and forecasting from finish to finish (provider to shelf).
Picture credit score: “Drone Shot of a Docked Cargo Ship at a Port” by Tom Fisk, through Pexel.
Their logistics and provide chain administration (SCM) answer is designed to assist small and medium retailers obtain the sort of logistical effectivity solely attainable by retail giants earlier than. The endgame is to cut back the stock administration prices that may hurt the retailer’s profitability.
Rovigos acknowledges that stock prices can symbolize about 40% of their clients’ operations. That’s as a result of many small and medium retailers don’t have a classy stock system, resulting in poor administration and cash sitting in unsold stock.
However the system isn’t nearly inputting warehouse-based details about what was bought or what’s accessible. It might monitor the availability chain from the ultimate end-user supply to the product provider (probably on the opposite finish of the world). That features the real-time place of products being shipped and the state of the containers (movement, temperature, shocks, and so on). It’s even appropriate with drone deliveries.
Rovigos has a Fresh Guard answer to reinforce container monitoring by enabling options like cameras, lidars (to detect human presence), and warmth sensors. This is essential for shipments delicate to temperature variations (detect thaw + re-refreeze cycles) or theft throughout delivery, as each can considerably cut back profitability and might be the delivery firm’s accountability. Clients would be capable of monitor the temperature and even management it!
Utilizing this knowledge, Rovigos claims to offer extra correct short-term and long-term forecasts (by AI in fact), which ought to result in decreased stock. It makes a lot sense at a conceptual stage since this could elevate the effectivity of beforehand “low-tech” distribution corporations nearer to giants like Amazon, FedEx, and Walmart as a result of they use related high-tech methods.
Rovigos’ providers are delivered as a SaaS (cloud page), and that’s an necessary good thing about being a cloud-era firm in comparison with those that use legacy techniques which can be costlier to function and improve. The 2 main parts are the Stock Administration and the Distribution Administration.
I think about getting up and operating with this SaaS continues to be a lot work. Nonetheless, since it’s many occasions less expensive than established options like SAP, and so on., it creates a chance the place there wasn’t earlier than. Many will likely be tempted by the possibility to compete in logistics at the next stage, although a startup wouldn’t compete with software program giants on each single characteristic, removed from it.
We even mentioned the potential for Rovigo serving clients like taxi corporations as a result of their software program can deal with fleet-management use instances. That’s extra of a long-term aim, and I think the corporate will deal with core use instances as an alternative of spreading itself skinny.
Let’s regulate adoption within the close to future to see if the promise of enabling top-notch stock forecast and administration is fulfilled, however it is a ray of hope for small and medium corporations in an ever-more aggressive world. If you wish to hear our complete dialog, examine the video beneath.
Filed in . Learn extra about CES, CES 2024, Korea and Startups.
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