Emerging Tech Research: Supply Chain Tech

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Global supply chain banks on new tech, VC funding as delivery expectations mount

Supply chain tech startups raked in $7.7 billion in venture funding in Q1, an increase of 90.6% over last quarter and a staggering 355.1% year-over-year, as the sector continues to respond to the glaring gaps exposed and exacerbated by the pandemic.

The surge comes as emerging supply chain tech is enabling a crucial shift to connected networks, our analysts write in the latest Emerging Tech Research, as the sprawling global supply chain grapples with record demand.

Key takeaways

• Retailers and enterprises seeking to catch up with Amazon are backing warehousing technology at a record pace, with total funding at $554.2 million, up more than 336% over Q4 2020.

 

• "First-mile" applications offer a much-needed tool to digitize and streamline workflows, yet the space may be underinvested—and thus ripe for significant growth.

 

• The massive growth in last-mile delivery has driven a surge of consolidation in the sector, as consumer expectations for speedy delivery keep rising even as pandemic restrictions wane.