Logistics Industry
topic on 3 shows · 4 statements across 3 episodes
American Optimist
the Knowledge Project
A Product Market Fit Show
4 statements about Logistics Industry, every show
Abbott: New software systems fail in logistics due to extreme fragmentation
“So far, the attempts have been, hey, there's a problem, it's well recognized, logistics is highly fragmented, It runs on emails, phone calls, and text. We're going to solve it. But the way we were going to solve it is we're going to build a new system. And bec…”
Abbott: Logistics industry accounts for roughly $80B in payroll
“There's about eighty billion of payroll in the industry.”
Abbott: Asynchronous communication causes a $300B waste problem in US logistics
“We think there's about at least 10% waste in this industry because of the low bandwidth asynchronous communication nature of trading information. So that's a three hundred billion dollar opportunity in the US, almost a trillion dollar globally, right?”