Rovigos (official web site) is a Korean startup that’s taking over a seemingly entrenched and tough market: international logistics, with a very attention-grabbing technique most individuals wouldn’t anticipate from an up-and-coming firm: dealing with the provision 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, by way of Pexel.
Their logistics and provide chain administration (SCM) resolution is designed to assist small and medium retailers obtain the type of logistical effectivity solely attainable by retail giants earlier than. The endgame is to scale 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 offered or what’s accessible. It might probably observe the provision chain from the ultimate end-user supply to the product provider (presumably 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 forth). It’s even appropriate with drone deliveries.
Rovigos has a Recent Guard resolution 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 transport, as each can considerably cut back profitability and could possibly be the transport 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 lowered 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 comparable high-tech methods.
Rovigos’ companies are delivered as a SaaS (cloud web page), and that’s an necessary advantage of being a cloud-era firm in comparison with those that use legacy programs which might 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 instances cheaper than established alternate options like SAP, and so forth., it creates a chance the place there wasn’t earlier than. Many might be tempted by the prospect to compete in logistics at a better stage, despite the fact that a startup wouldn’t compete with software program giants on each single function, removed from it.
We even mentioned the potential of Rovigo serving clients like taxi corporations as a result of their software program can deal with fleet-management use circumstances. That’s extra of a long-term purpose, and I believe the corporate will concentrate on core use circumstances 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 entire dialog, examine the video under.
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