How do you deliver the last mile? This question has energized dozens of major companies, as the $340 billion market represents an attractive opportunity for retailers, brands, and logistics companies.
In this vital market, Bringg has emerged as a market leader. Specializing in SaaS solutions for the last mile, Bringg has grown to become a powerhouse in helping major organizations boost their customer experience by making fast, convenient, cost-effective delivery a reality. Bringg has been a Cambridge Capital portfolio investment since 2016.
In this article, Cambridge Capital CEO Benjamin Gordon interviews Bringg CEO Guy Bloch.
On November 3, the American people voted. We still don’t know the full and final election results, due to unprecedented volumes of vote-by-mail. However, the New York Times just called the White House election in favor of Biden. In addition, polling suggested a Democratic sweep of the White House, Congress, and Senate, although the Senate results will now depend on January runoffs in Georgia. Meanwhile, Wall Street increasingly expects a Blue Wave.
Let’s take a closer look at the Democratic wins and their implications for business owners.
First, in the Presidential election, Biden is currently favored by an 87/13 margin.
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Industry insiders call it the “Davos of Logistics.” Every January, over 200 supply chain CEOs gather at the tony Breakers Hotel in Palm Beach to discuss strategy and deals at an invitation-only event. For 14 years, the BGSA Supply Chain Conference has been the place where the best and brightest converge. The event is press-free, which allows CEOs to speak with remarkable candor.
So what did we learn this year?
Many people call it the “Davos of Logistics.” Every January, over 200 supply chain CEOs come to Palm Beach to discuss strategy and deals at an invitation-only event. For 14 years, the BGSA Supply Chain Conference has been the place where the best and brightest converge. The event is press-free, which allows CEOs to speak with remarkable candor.
So what did we learn this year?
Let’s start with the financial markets. As Benjamin Graham has said, “In the short run, the market is a voting machine, but in the long run, it is a weighing machine.
Cold chain logistics is on fire.
In the last year, we have seen a string of deals in temperature-controlled supply chain services. Buyers and investors have funded aggressive initiatives in this market, in the US and around the world.
On the technology side, Cold Chain Technologies sold to Aurora Capital. The deal marked a milestone for CCT, a leader in temperature-sensitive packaging solutions.
On the warehousing side, we have witnessed a massive consolidation of facilities. The two largest players, Lineage Logistics and Americold, have gobbled up key competitors in a bid to dominate the sector. Recent deals include
“How do I raise money for my company?”
This is one of the questions I get asked the most frequently. It’s very simple, yet incredibly important.
If you can attract A-list investors to your venture, you may be on your way to building the next unicorn. If you can’t, then you may be at risk of hitting a wall.
Why do I get asked this question so often?
I’ve founded four companies, starting in 1999 with a SaaS logistics company called 3Plex. Since then, I’ve invested in several companies via Cambridge Capital, a private equity firm focused on logistics, supply…
Cold-storage warehousing is hot.
In the past year, we have seen a flood of capital pouring into temperature-controlled logistics facilities. Investors and buyers have rushed into the sector, eager to snap up the facilities that support the food supply chain.
Industry leaders Lineage Logistics and Americold, in particular, have been on a tear. Recent deals include
The world of logistics is changing quickly. What does the future hold?
At Cambridge Capital, we see eight key themes as particularly important. They include
Amazon has disrupted logistics. As a result, the supply chain sector looks radically different today.
This video interview explains why.
Robotics is a case in point. In 2012, Amazon bought a warehouse robotics company, Kiva, for $775 million, marking the 2nd-most-expensive acquisition in its history to date. This month, Shopify acquired 6 River Systems for $450 million to challenge Amazon on this same turf.
Ecommerce fulfillment is a second illustration of the increasingly recognized value of supply chain innovation. On the one hand, disruptors like ShipBob are using technology to provide lower-cost e-commerce fulfillment solutions. …
It’s been two years since Amazon bought Whole Foods. At the time, analysts touted the deal as an Amazon initiative to dominate food retail. But is that what really happened?
Looking back and looking forward, what can we learn about Amazon’s goals and strategy? In short — it’s all about logistics.
First of all, it’s important to understand that the Amazon deal with Whole Foods is partly a real estate play. If you think about it, Amazon bought 465 stores, each of which controls close to 50,000 square feet of space in the ground, plus much more above ground. Imagine…
Ben Gordon, CEO of Cambridge Capital and BGSA. Investor in logistics and supply chain technology. Published at Fortune and CNBC. http://bengordonpalmbeach.com/