Cargomatic | Top 10 Retail Tech Solutions Company - 2022
Cargomatic: Empowering Retailers to Be Agile, Resilient, and Lean
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CIOREVIEW >> Retail >> Cargomatic

Cargomatic has been recognized by CIOReview Magazine as the recipient of “Top 10 Retail Tech Solutions Companies - 2022,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Sunil Sharma, Chief Product & Technology Officer; Weston LaBar, Head of Strategy.

Cargomatic
Empowering Retailers to Be Agile, Resilient, and Lean

Cargomatic

Retail has been in the process of monumental transformation in the last two decades. That transformation has been accelerated exponentially in recent years, as on-demand delivery has become essential to the customer experience. Amidst a global pandemic, the industry has experienced extreme volatility in customer demand. This problem has been further exacerbated by high levels of uncertainties in the supply chain that have reverberated across manufacturing, ocean shipping, port terminals, warehousing, trucking and store shelves. Retail on-hand inventory levels have seen wild swings, going from record highs to record lows. Traditionally, a retailer has been able to plan their transportation network’s capacity, which was optimized for forecast driven central distribution and may not take fast changing customer demand and available transportation capacity into account. But in the current environment, demand is accelerated and capacity has been the tightest it has been in a generation – and these legacy networks are ill-equipped to keep up.

Demand volatility and supply chain uncertainties are here to stay for the foreseeable future. Making incremental changes around the edges on top of the traditional transportation architecture is simply not sufficient; in order to grow and succeed, a supply chain needs to be agile (to quickly respond to fast changing consumer needs and behavior), resilient (to mitigate risk), and continue to operate on lean principles that the industry has mastered over the last several decades.

The liquidity, nationwide coverage, and carrier density of Cargomatic’s marketplace enable unrivaled tariff-based rates that result in substantial cost savings for retailers.

That’s where Cargomatic comes in. Starting with a partner’s end-goal in mind, Cargomatic applies technology to create a flexible, all-in-one solution to build and manage a nimble and resilient supply chain network. “We offer on-demand logistics capacity to power today’s ondemand economy and ensure clients have robust transportation solutions for their ‘Just-in-time’ as well as ‘Just-in-case’ needs,” says Sunil Sharma, Chief Product and Technology Officer. Cargomatic’s transportation solutions help retailers to be agile, resilient, and lean to succeed in the current economy by quickly addressing fast-changing customer demands, mitigating risks, and controlling costs.

A single source, turnkey solution

With deep experience in retail supply chain logistics, Cargomatic powers local freight through a digital marketplace of more than 22,000 professional drivers. Cargomatic’s transparent and automated network of networks is constantly optimized with real-time data for all users, including approximately 80 percent of the top retail importers in the U.S. “We create a “one-stop shop”—a single source, turnkey solution with flexible capacity from a single pallet to full truckload or containers across all sea ports, inland ports, and major metropolitan markets in the U.S.,” says Cargomatic’s Head of Strategy, Weston LaBar. Moreover, Cargomatic’s network of carriers is capable of handling all parts of the process, from the port pickup, warehouse to white glove delivery and even reverse logistics, i.e., handling returns and replacement orders.

By joining Cargomatic’s automated marketplace, retailers will see the benefits within days or even hours for moving local freight. As a result, they are able to focus on merchandising and enhancing the customer experience rather than back-office issues and fragmented processes. The Cargomatic Command platform standardizes and automates back-office functions, such as compliance, real-time billing and payables, accessorial approvals, A.I. driven POD validation, and exceptions management. Additionally, using the platform reduces disputes, provides greater transparency, expedites documentation, and streamlines working capital management. Automated and touchless operations reduce administrative costs by three to five percent while offering real-time and granular visibility via standardized APIs and Web App, enabling retailers to deliver exceptional customer experiences in this demanddriven environment. And, by connecting critical stakeholders to provide retailers with a common operating system across their transportation network, these stakeholders benefit from stronger collaboration and seamless operation.

We offer on-demand logistics capacity to power today’s ondemand economy and ensure clients have robust solutions for ‘Just-in-time’ and ‘Just-in-case’


Building for the future

To continue offering true end-to-end solutions, Cargomatic aggressively builds relationships and deep integrations with steamship lines, key infrastructure providers, and third-party logistics providers. In the near future, Cargomatic plans to add 1,000 new trucks throughout the U.S. within the next six months to provide exceptional value to customers and stakeholders. As Cargomatic looks to the future, they are laserfocused on continuous innovation, leveraging their customer needs-driven technology to develop even more improvements to process automation, touchless operations, asset utilization, and optimization.

Cargomatic

News

Forecasting the Future: On-Demand Trucking Market 2031 and Revolutionary Business Approaches and Key Players Information like | Cargomatic Inc., Dropoff, Inc., Flexport Freight Tech LLC

Wednesday, September 04, 2024

Cargomatic The latest market intelligence report published by WMR with the title "Global On-Demand Trucking Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Manufacturing and Construction industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.



The Research report on On-Demand Trucking Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

Do you think, if this report could be of your interest? If yes, request Sample Copy of this Report: https://www.worldwidemarketreports.com/sample/1021676



*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.



Key trends :



Flexible Workforce Opportunities:



● The growing gig economy is expanding flexible work opportunities for solo owner-operators and small fleet owners to participate in on-demand platforms and services. This new flexibility is attracting more drivers to the industry.



Digitization of Operations:



● Adoption of AI, machine learning and advanced analytics is streamlining operations across dispatch, routing, demand forecasting and more. This data-driven transformation is improving efficiency.



Shifting Customer Expectations:



● Consumers now expect fast, flexible and trackable shipping options. On-demand platforms are innovating to meet rising service-level expectations around delivery speed, reliability and transparency.



New Service Models:



● Companies are experimenting with micro-fulfillment centers, crowdshipping and other hyperlocal models to enable ultra-fast urban delivery via autonomous vehicles, drones and electric trucks.



Regulatory Developments:



Policy changes in key markets are creating opportunities for platforms by establishing guidelines around driver classification, licensing and operations. Harmonized regulations will accelerate industry growth.



Want to access more insights? The journey starts from requesting Sample: https://www.worldwidemarketreports.com/sample/1021676



*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.



Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):

Top 10 Retail Tech Solutions Companies - 2022

Company
Cargomatic

Headquarters
Long Beach, CA

Management
Sunil Sharma, Chief Product & Technology Officer; Weston LaBar, Head of Strategy

Description
With deep experience in retail supply chain logistics, Cargomatic powers local freight through a digital marketplace of more than 22,000 professional drivers. Cargomatic’s transparent and automated network of networks is constantly optimized with real-time data for all users, including approximately 80 percent of the top retail importers in the U.S. By joining Cargomatic’s automated marketplace, retailers will see the benefits within days or even hours for moving local freight. As a result, they are able to focus on merchandising and enhancing the customer experience rather than back-office issues and fragmented processes.

Top 10 Retail Tech Solutions Companies - 2022

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