{"id":811,"date":"2020-10-14T00:00:00","date_gmt":"2020-10-14T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-109-logistics-platform-cargobase-records-273-growth-while-helping-fortune-500\/"},"modified":"2021-07-23T07:40:05","modified_gmt":"2021-07-23T07:40:05","slug":"durians-daily-109-logistics-platform-cargobase-records-273-growth-while-helping-fortune-500","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=811","title":{"rendered":"Daily Markup #109: Logistics platform Cargobase records 273% growth while helping Fortune 500\u2026"},"content":{"rendered":"<figure><img decoding=\"async\" data-width=\"490\" data-height=\"528\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1xPteHVlw1GV6Q1Dob7wxgg.png\"><\/figure>\n<p><strong>Need of freight<\/strong><\/p>\n<ul>\n<li>In the face of the Covid-19 pandemic, 500-backed Cargobase, the logistics-tech and SaaS company bridging shippers and providers with customizable analytics and data, has grown in substantial numbers across transaction volume and revenue.<\/li>\n<li>The Singapore-based company said transactions on its platform have grown 240% and revenue has risen 273% from a year earlier\u200a\u2014\u200aby far <a href=\"https:\/\/cargobase.com\/cargobase-reports-growth-by-helping-companies-navigate-covid-19-crisis\/\" target=\"_blank\" rel=\"noopener\">the highest<\/a> on record since incepting seven years ago, according to the company.<\/li>\n<li>The ongoing health crisis is uncovering vulnerabilities in global supply chains. Many shippers are scrambling to address disruptions from factory closures to lane disruptions to supply\/demand spikes.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"576\" data-height=\"322\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da3cad9ef.jpg\"><figcaption class=\"wp-caption-text\">Credit: AJOT<\/figcaption><\/figure>\n<ul>\n<li>Cargobase solves these pressing issues with rich analytics to maintain visibility on cost and performance, and automating manual processes to fulfill the shifting global shipping demands.<\/li>\n<li>Siemens, Continental Automotive, and Bosch, are some of the Fortune 500 clients Cargobase has.<\/li>\n<li>\u201cThe main reason for this surge is that shippers (e.g. manufacturers, etc.) either can\u2019t get or can\u2019t rely on agreed long-term rates anymore due to the changes in capacity. The COVID-19 pandemic has dramatically increased rates and transit times,\u201d said Wiebe Helder, CEO &amp; Founder of Cargobase.<\/li>\n<li>To help shippers access real-time information and work on-the-go, Cargobase has launched <a href=\"https:\/\/apps.apple.com\/us\/app\/cargobase-on-the-go\/id918175040\" target=\"_blank\" rel=\"noopener\">Cargobase On The Go!<\/a>. The company is also looking for fresh talent to expedite freight processes in this new normal.<\/li>\n<\/ul>\n<p><strong>A first<\/strong><\/p>\n<ul>\n<li>500-backed Easyship has joined the Shopify Plus Technology Partner Program, becoming the <a href=\"https:\/\/techcrunch.com\/2020\/10\/12\/hong-kong-and-new-york-based-easyship-joins-shopify-plus-tech-partner-program\/\" target=\"_blank\" rel=\"noopener\">first Asian<\/a> shipping app to qualify as a partner.<\/li>\n<li>The initiative, first launched in 2016, is a directory of hand-selected technologies and services that have been vetted by the platform itself.<\/li>\n<li>Partners are proven to have expert e-commerce and platform experience, so they can be trusted by any Shopify Plus merchant.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1200\" data-height=\"680\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da3d3bab6.jpg\"><figcaption class=\"wp-caption-text\">Credit: Sourcify<\/figcaption><\/figure>\n<ul>\n<li>\u201cIt\u2019s humbling to have been chosen as one of the leading shipping partners for the Shopify Plus ecosystem. We built Easyship to enable merchants of all sizes, to use one platform to ship products to anyone, anywhere. With the continued growth of eCommerce, we\u2019re positioned to ensure merchants have the multi-courier shipping technology necessary to meet increasing customer expectations,\u201d said Tommaso Tamburnotti, Co-Founder of Easyship.<\/li>\n<li>Launched in 2015, Easyship helps e-commerce companies to enhance their shipping and tracking experience through solutions that include integration with over 250 international carries, pre-calculated tax and costs, and custom clearance procedures.<\/li>\n<li>Congrats, team EasyShip!<\/li>\n<\/ul>\n<p><strong>An ever-changing landscape<\/strong><\/p>\n<ul>\n<li>500-backed iPrice and Parcel Monitor\u200a\u2014\u200athe shipment tracking platform of 500-backed Parcel Perform\u200a\u2014\u200a<a href=\"https:\/\/iprice.my\/trends\/insights\/how-malaysias-delivery-industry-counters-covid-19-pressure\/\" target=\"_blank\" rel=\"noopener\">collaborated<\/a> to uncover the impact of Covid-19 on the ASEAN logistics industry.<\/li>\n<li>It hasn\u2019t been easy for e-commerce companies to adapt to the new normal. Delivery times in Malaysia and Indonesia were significantly prolonged, while Singapore and Thailand witnessed negligible differences, the report reveals.<\/li>\n<li>\u201cThe worst impacts of social distancing on ecommerce deliveries were felt in Malaysia, where delivery time rapidly increased from 2.1 days (pre-social-distancing), peaking at 4.6 days (during social distancing). Similarly, in Indonesia, parcels took three days to reach destinations during the implemented social distancing measures, significantly slower than the previous average of 2.3 days.\u201d<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"960\" data-height=\"1468\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da3d9e7dc.jpg\"><figcaption class=\"wp-caption-text\">Credit: iPrice\/Parcel Monitor<\/figcaption><\/figure>\n<ul>\n<li>The solution to cut down waiting times could be the rising usage of parcel locker networks across Southeast Asia, according to Dr Arne Jeroschewski, founder and CEO of Parcel Monitor &amp; Parcel Perform.<\/li>\n<li>\u201cThis will be a delivery trend that will continue to grow in ASEAN as e-commerce logistics in the region continues to mature.\u201d<\/li>\n<li>Overall, the adaptability shown by e-commerce companies and carriers during this time is a positive sign for the growth of online shopping and parcel delivery services in the ASEAN region.<\/li>\n<li>Read the report <a href=\"https:\/\/iprice.my\/trends\/insights\/how-malaysias-delivery-industry-counters-covid-19-pressure\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da3e30ae0.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Need of freight In the face of the Covid-19 pandemic, 500-backed Cargobase, the logistics-tech and SaaS company bridging shippers and providers with customizable analytics and data, has grown in substantial numbers across transaction volume and revenue. The Singapore-based company said transactions on its platform have grown 240% and revenue has risen 273% from a year [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[410,359,362,408],"class_list":["post-811","post","type-post","status-publish","format-standard","hentry","category-daily","tag-cargobase","tag-easyship","tag-iprice","tag-parcelperform"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #109: Logistics platform Cargobase records 273% growth while helping Fortune 500\u2026 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=811\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #109: Logistics platform Cargobase records 273% growth while helping Fortune 500\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"Need of freight In the face of the Covid-19 pandemic, 500-backed Cargobase, the logistics-tech and SaaS company bridging shippers and providers with customizable analytics and data, has grown in substantial numbers across transaction volume and revenue. 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