Baltic startup Cargo Stream aims to reduce Covid-19 stress on logistics sector
Due to the current Coronavirus crisis, supply chains around the world are being disrupted. Cargo Stream – a logistics management system established in Lithuania, is proposing a solution that optimize logistics processes and utilizes the potential of communication between the carriers, recipients, and logistics companies.
Cargo Stream enables companies to manage logistics documentation and data more precisely, and shifts information sharing into a clear digital space – all these management solutions ensure quicker and more efficient cargo movement and offer the ability to avoid unnecessary human contacts and mistakes.
At the end of 2019, Cargo Stream received investments from the NLA.vc (Next Logistics Accelerator), a business accelerator fund in Hamburg, Germany, which invests in technological logistics companies and start-ups.
Over half of all trucks not used to their potential
It is calculated that currently, approximately 50% of trucks in Europe do not make use of their load potential, which then results in billions of financial losses. Cargo Stream is dedicated to helping companies solve this issue.
The Cargo Stream system is based on the SaaS (Software as a service) business model. By using the platform, companies can avoid using paper documents, as well as other outdated and inefficient communication forms (such as email and other messaging apps), which are still being widely used in the logistics sector. The platform was created to ensure quick and easy communication among transport managers, expediters, truck drivers and warehouse workers. Cargo stream is the only technology platform in Eastern Europe which allows real-time cargo movement monitoring throughout the entire supply chain.
In order to optimize the work of logistics specialists, the Cargo Stream platform links a variety of everyday tools, ensuring the transparency and efficiency of the transactions. Also, there are other important partner integrations (factoring, telematics, cargo insurance, transport exchange market and e-CMR).
“At the moment, a massive number of businesses are reorganizing their strategies and trying to overcome this unprecedented crisis. Our solution enables businesses to reduce stress levels at least in one area of activity – logistics,” states Skirmantas Rimkus, the managing director of Cargo Stream, in a press release.