SPRINTER 2 - LOGISTICS & BUILDINGS CO-CREATION ACCELERATOR
Bringing together pioneers to reinvent logistics, buildings and related industries
CHALLENGES BROUGHT BY THE SHIFTING OF INDUSTRY LANDSCAPE
The COVID-19 pandemic further accelerated the shift in consumer behaviour from traditional to online shopping, providing an incentive for increased industry development. But despite the introduction of new technologies, global logistical restrictions due to the pandemic - as well as an unstable supply chain and limited labour - led to new challenges for the logistics industry. In the buildings industry, issues with an aging workforce and appetite for energy conservation have made these obstacles more apparent.
To tackle problems and pain points, and accelerate efforts in minimising these challenges, our partners from both industries are taking an open approach to a range of ideas. Innovative solutions in storage, delivery, data handling, management, energy conservation, carbon neutrality and more are greatly welcomed to solve current industry pain points.
Logistics
Industry pain points:
- Increased fuel costs, leading to higher delivery and operation costs
- Packaging sizes becoming larger, reducing storage spaces
- An upturn in delivery destinations, resulting in higher delivery costs
- The rising complexity in customised orders from storage to delivery, incurring higher operation costs
- Huge demand for data handling as orders spike due to online shopping
Industry key considerations:
- Innovative and cutting-edge ideas that are unique to the industry
- Solutions with market validation
- Robotic solutions for an increasing amount of customised orders
- Real-time AI solutions for - fleet tracking and route suggestions to handle road emergencies
- AI solutions for turning an increasing amount of data and orders into industry insights and trends
- Simple strategies for scaling up
Buildings & Related Services
Industry pain points:
- Ageing workforce, resulting in lower productivity
- Limited and unstable labour due to the COVID-19 pandemic
- Ever-changing building information
- Higher demand for sustainability and environmental conservation
- Difficulties in managing aging buildings due to outdated facilities compared to newer structures
Industry key considerations:
- Innovative and cutting-edge ideas that are unique to the industry
- Solutions for energy conservation, automation, and digitalisation
- Strategies for monitoring multiple locations at once
- Real-time management system for transparency and better customer experiences
- Carbon neutralisation for effective building management
- Solutions for increased productivity and better labour allocation, avoiding expansion of workforce
Our partners in both the logistics and buildings industries are open-minded about potential solutions to help solve their pain points – here are some tips that would help tech ventures to propose solutions that can attract partners’ attention.
- Understand the partner’s needs
- Clearly outline how the solution could benefit them
- Use point-form/videos/graphics for a clearer and more dynamic presentation
- Use data and research, and quote use cases to provide substance to the proposed solutions
- Remain honest about the strengths and limitations of the solution
WISH-LISTS SHARED BY CORPORATE PARTNERS
(in alphabetical order)
- Automated Cargo Buildup and Breakdown
- Automated Airline Pallet Contour Checking
- Reduce manual checking of physical documents
- AI/AR applications to support automation and remote inspection for flight maintenance, replacing manual labour
- Network and Wi-Fi solutions to enhance in-flight connectivity and entertainment during the entire journey
- Handy solutions for parcel tracking
- Automation to streamline value-added services in warehouse
- All other solutions for consolidating project management and asset management on properties
- Advanced transportation systems - such as drones - for future buildings
- Centralised monitoring systems to provide real-time updates for property management
- Alternative lighting for buildings to achieve carbon neutrality
- Recognizing, identifying, logging, and labeling of in-bound (warehousing) stock
- Automatic Storage system that can pick out and sort steel material in different sizes
- Digitalization of property management - such as patrol by robots, work flow automation, data analytics
- BIM solutions for management and real time monitoring of buildings
- Integration of energy and resources management system with ESG indicators
- Renewable energy sources and environmental monitoring to improve energy efficiency at construction sites
- Innovative machinery, gadgets and robotic solutions to maximise productivity that is easily adoptable across sites
- Simple and agile construction management system to digitise forms and processes
- E-commerce platform with user-friendly experience to collect behavioural data from customers and merchandisers
- Centralised platform for supply chain management for multiple vendors and stakeholders
- Warehouse automation system for storage and delivery