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#UnderConstruction | #TNYSCM15: Supply Chain Tech – From The World To NYC

February 16, 2019 by Brian Laung Aoaeh

A shot of Manhattan, taken from the 48th Floor of 10 Hudson Yards, New York, NY

WHAT IS A SUPPLY CHAIN?

A network of connected and interdependent organisations mutually and cooperatively working together to control, manage and improve the flow of materials and information from suppliers to end users.

— Martin Christopher, Logistics & Supply Chain Management: Creating Value-Adding Networks, 4th ed, Pearson Education Limited 2011, p4

For the month of June, The New York Supply Chain Meetup aka The Worldwide Supply Chain Federation is thinking of hosting a “Supply Chain Tech – From The World To NYC” themed event. 

It would be a “showcase + demo” event, and each company/startup would get our customary 15 minutes, perhaps 20, to talk about what the company does and give a product demo. We are targeting 6 – 8 startups, but we could make room for more depending on the level of interest.

We already have a company from Germany earmarked – this is pending confirmation. We have confirmed participation from a startup from India. We have a request out to startups from Greece and Australia as well – and we can easily get many more if we really tap into our network. We are starting with startups we have been engaged with for more than 6 months. Obviously, that is only a small pool of all the supply chain technology startups that exist around the world.

The dates we have earmarked for June are a weekday during the week of June 17 (Ideally June 19 or 20), or during the week of June 27 (Ideally, June 26 or 27).

Here’s a form that you can fill if you are a startup or a small to medium size company that builds supply chain technology and want to be considered for the final list of participants. We would like participation in this event to be free, except for the cost of making the trip to NYC. So we will try to find sponsors to help us with space for the event, and food for the people who attend.

Cross-sections of the audience at #TNYSCM02 in January 2018 at SAP in NYC.

Background

A small group of us in New York City started building The New York Supply Chain Meetup in Summer 2017. In that time we have become the largest, most active, and fastest growing community on Meetup that focuses on supply chain, technology and innovation. Here are some of the things we have accomplished;

  • Our public launch was on November 16, 2017. We have had 10 events, at which we have attracted an average of 100+ attendees. We had roughly 150 at our very first event.
  • Our events have attracted speakers from emerging supply chain technology startups, as well as companies like SAP, IBM, Maersk, UPS, Tapestry, A.T. Kearny, L’Oreal, ALDO Group, EY, and GS1-US over the course of our first year.
  • We now have more than 1,600 members in The New York Supply Chain Meetup, and more than 1,700 across the network.
  • We are in the process of scaling to other cities (based on demand) and created the Worldwide Supply Chain Federation to facilitate that process.
  • We are launching The Charleston Supply Chain Meetup on March 27, 2019 and we launched The Bangalore Supply Chain Meetup on November 24, 2018. Other cities in which communities are in the process of forming are Athens, Singapore, Vancouver, Chicago, Jakarta, and Lusaka.

According to Mercedes Delgado and Karen Mills, in their book The Supply Chain Economy: A New Framework for Understanding Innovation and Services; “The U.S. supply chain contains 37% of all jobs, employing 44 million people. These jobs have significantly higher than average wages, and account for much of the innovative activity in the economy.” I believe similar conclusions can be inferred about the role supply chain plays in any growing economy around the world.

This makes the community we have set out to build one that offers enormous promise for collaboration between cities, states, and companies as well about how supply chain can function as a foundation for economic growth. The work we are doing to build this community is driven by our motivation to bring together two key groups of people;

  • The people inventing new technologies and developing the new innovations that will refashion the world’s supply chain networks, and
  • The people who make buying decisions related to deploying new technologies and innovations within the supply chains on which businesses are reliant for their commercial operations.
    • I believe firmly that supply chain is the basis on which companies win or lose competitive advantage. It is arguably the basis on which communities, countries, and societies prosper or fail.

Selfishly, we also want every growing supply chain technology startup, from any part of the world, to eventually set up a United States headquarters in New York City, with The New York Supply Chain Meetup as the community of first call, based on prior engagement with a local chapter of The Worldwide Supply Chain Federation. Moving to a new place is hard – I know, I came to the United States in 1997 from Ghana, after growing up in Nigeria. Knowing that you have friends when you arrive makes a big difference.

My Supply Chain Credo

About The Worldwide Supply Chain Federation

The Worldwide Supply Chain Federation is the collaborative, and mutually supportive coalition of open and multidisciplinary grassroots communities focused on technology and innovation in the global supply chain industry. Founded in August, 2017, The New York Supply Chain Meetup is its founding chapter. Local chapters are run by volunteer organizers who each build a team to manage chapter activities and events. You can learn more here: The Worldwide Supply Chain Federation – Our Manifesto.

About REFASHIOND Ventures

REFASHIOND Ventures is an emerging early stage venture capital firm that is being built to invest in early-stage startups creating innovations to reinvent global supply chain networks. REFASHIOND Ventures is based in New York City. The Worldwide Supply Chain Federation and The New York Supply Chain Meetup are initiatives of REFASHIOND Ventures.

#TWSCF & #TNYSCM Mantra

Filed Under: #TNYSCM, Communities, Conferences, Entrepreneurship, Innovation, Meetups, REFASHIOND CO:LAB, REFASHIOND Ventures, Supply Chain, Technology, Uncategorized Tagged With: Disruptive Innovation, Early Stage Startups, Innovation, REFASHIOND Ventures, Startup Communities, Supply Chain, Supply Chain Logistics, Technology, Venture Capital

#CountDown: 5 Days to The New York Supply Chain Meetup #03

February 17, 2018 by Brian Laung Aoaeh

A cross-section of the audience at #TNYSCM #02, January 2018.

We’re now less than a week from The New York Supply Chain Meetup’s third gathering. The purpose of this post is to outline our plans for that event, and preview what we expect to do between now and June 2018 . . . We’re still in the early days of building this community, so much of this is subject to change, especially as we go through the process of recruiting sponsors.

Our Mission

To nurture and grow the world’s foremost open, global, multidisciplinary community of people devoted to building the supply chain networks of the future – starting in NYC.

Become a coporate sponsor. Email me at: brian@tnyscm.com for more details about our vision, and the team that’s working behind the scenes to build this community.

The New York Supply Chain Meetup is powered by Particle Ventures, a seed-stage fund based in NYC that invests in Supply Chain & Industrial Intelligence. Particle is built by the same team that launched KEC Ventures.

Logistical Details: #TNYSCM #03

  • Date: Thursday, February 22, 2018.
  • Time: 17:30–20:30
  • Location: Work-Bench, 110 5th Avenue, New York, NY, 10011.

This event will combine a Workshop, and a Panel Discussion. Our MC for this event is Brian Lindquist, a member of our team of organizers.

Agenda

  • 17:30–17:55: Pre-event Networking
  • 17:55 PM – 18:00 PM Welcome Remarks
  • 18:00 PM – 19:00 PM Workshop, Q&A
  • 19:00 PM – 19:45 PM Lessons From The Field – Panel Discussion, Q&A
  • 19:45 PM – 19:50 PM Closing Remarks
    19:50 PM – 20:20 PM Post-event Networking

Preview — Workshop: Going From $0.00 To $1,000,000 – Towards Product-Market-Fit For The Non-Sales B2B Pre-Seed and Seed-Stage Startup Founder (aka Going From Zero To One – Sales and Marketing Tactics For The Non-Sales B2B Pre-Seed and Seed-Stage Startup Founder)

Our instructor, Victor Adefuye, will walk through simple, inexpensive tactics that early stage startup founders can employ as they try to start building sales and generating revenue. He is the Founder & CEO of Dana Consulting, a firm that functions as an outsourced VP of sales for technology startups and other small business. He also acts as a management consultant to Dana Consulting’s enterprise clients as they try to bring new products and services to market.

While this event is being organized primarily for members of #TNYSCM, the workshop is ideal for anyone running a small business that seeks to grow. It is also useful for angel investors, venture capitalists, and startup advisors who do not have a sales and marketing background, but who nonetheless might find themselves trying to help a startup win its very first customers, and grow revenues over time.

The workshop will last about 50 minutes, with roughly 10 minutes of audience Q&A to follow.

Bring pens/pencils and a notebook, because Victor will be sharing practical tactics you can start implementing the very next day. I know – I sat through one of his workshops in July 2017, and I got ideas that I started using at work the very next day.

You’ll get completely worthless bonus points if you bring a cool mechanical pencil and show it to me with pride during one of the networking sessions – assuming I am not running around trying to make sure everything goes well.

REGISTER HERE!

Preview — Panel Discussion: Lessons From The Field

After delivering the workshop, Victor will speak with three founders who have successfully grown sales in order to extract insights and lessons, and also to weave those lessons with concepts he discussed during the workshop. This should help the founders in the audience think about how to allocate time, effort, and resources between trying to grow sales, and all the other things they must do in the very early days of a startup’s existence.

Our panelists are;

Suuchi Ramesh (@Suuchi_madeforU), CEO & Founder, Suuchi Inc; Suuchi Inc. is a design & manufacturing partner for innovative American apparel fashion brands and Fortune 1000 companies. Powered by advanced design software & manufacturing automation, Suuchi Inc’s vertically integrated supply chain replenishes inventory in as quickly as 5 days. Suuchi has bootstrapped her company to a 7 figure 2017 revenue, and hopes to reach an 8 figure revenue number in 2018. Suuchi Inc. earned its first revenues in April 2016, and grew its 2017 revenues to 5x its 2016 revenues. You heard her describe her business at our launch – at which she was a hit with the audience. Here, she’ll talk about how Suuchi Inc. has gone about growing revenues.

Steve Pike, CTO, SevenFifty; SevenFifty is modernizing wholesale beverage alcohol, a massive but technologically antiquated industry with a status quo dating back to Prohibition. SevenFifty offers a web platform that connects over 50,000 on- and off-premise licensed buyers with wholesale distributors to provide them with fast and efficient access to information about products available in their local wholesale markets. Steve was SevenFifty’s first hire and as CTO is responsible for building new products and managing the engineering team. He’s been with the company since 2011, when he built the platform working out of a bar in Manhattan called the Tippler. He too will fill us in on how they grew sales in those early days.

Willem Sundblad (@oden_tech) CEO & Founder, Oden Technologies Ltd.; Oden is a B2B SaaS company combining industrial hardware, wireless connectivity, and big data architecture into one simple platform so all manufacturers can analyze and optimize their production, from any device. Manufacturing has long been an analog world, but Oden is trying to change this by introducing the power of IoT and cloud analytics to factory operations. Willem too will talk about how they have grown sales in a legacy industry that is thought of as insular and unwelcoming to outsiders.

REGISTER HERE!

Preview — #TNYSCM  in March, April, May, June

Here is what the team of organizers is working on, between now and June.

  • March 15: A showcase of startups applying artificial intelligence to supply chain. Co-hosted with NYC Bots and Artificial Intelligence Meetup.
  • April 26: A panel discussion and keynote presentation, focused on the issues that have kept blockchain and other distributed ledger technologies in the lab and out of the real world. The keynote presentation is by Silvio Micali, he will talk about his work creating Algorand.
  • May 24: A showcase of startups in Fashion, Apparel, and Retail supply chain.
  • June 21: A Sourcing 101 workshop for startups building physical products.

Other Upcoming Supply Chain Events

  • TPM2018: TPM, part of IHS Markit is the world’s largest container shipping and logistics conference, 18 years old this year having attracted 2,300 in 2017 representing cargo owners, container carriers, forwarders/3PLs, railroads, ports, marine terminals, equipment lessors and various others. It is one of the three main annual regional container logistics organized by JOC including the Container Trade Europe event in Hamburg and TPM Asia in Shenzhen China. The programs are developed with editorial independence by the JOC team of veteran transportation journalists. I’m attending for the first time this year to moderate the Innovation Jam on Tuesday, March 6.
  • Maritime Global Technologies: Reverse Pitch on March 15, 2018 from 09:30–12:30. MGTIC is an initiative of SUNY Maritime College to build a global maritime technology innovation hub by bringing together all that the New York City metro-region has to offer entrepreneurs building software for the global shipping and maritime logistics market. I’m a member of the advisory board and have previously blogged about it here and here.
  • Transparency18: This is the flagship event series started by the founders of the Blockchain in Transport Alliance. It follows BiTA’s Spring Symposium, a members only event that occurs on May 21, 2018. I will attend both days of Transparency 18 May 22 and May 23.

 

 

 

Filed Under: #TNYSCM, Co-Founder Stories, Communities, Customer Development, Entrepreneurship, Founder Stories, Lean Startup, Management, Sales and Marketing, Supply Chain, Uncategorized

Update #01: White Paper | Towards A Supply Chain Operating System

October 21, 2017 by Brian Laung Aoaeh

 

This update identifies areas of supply chain technology that will be sufficiently well served by existing relational database management systems, and enterprise resource planning systems. It also outlines areas of supply chain that distributed databases or ledgers are more suited for.

Lastly, to avoid confusion Nahum Goldmann’s contact information is provided at the end. I have been helping him think about this, but as I explained in the original post I am not personally an investor in DLTArray, nor is KEC Ventures an investor in DLTArray.

The update is based on feedback received from people who read the earlier version of the white paper.

Link to updated white paper: DLTSupplyChainPlatformWhitePaper20171017

This is an update to: White Paper | Towards A Supply Chain Operating System. That post has more background related to this.

Link to Nahum Goldmann bio: NGbio

Update #1: Tuesday, October 24, 2017 at 15:40 EST.

  • Rearrange links to reduce confusion about what people should read first, etc.

 

 

Filed Under: Business Models, Computer Science, Innovation, Intellectual Explorations, Investing, Investment Themes, Investment Thesis, Lab Notes, Long Read, Mathematics, Organizational Behavior, Startups, Supply Chain, Technical Brief, Technology, Uncategorized, Venture Capital Tagged With: Business Models, Business Strategy, Early Stage Startups, Innovation, Startups, Technology, Venture Capital

#UnderConstruction | Towards A MarineTech Innovation Hub in New York City

October 10, 2017 by Brian Laung Aoaeh

SUNY Maritime’s 55-acre campus is near the Throgs Neck Bridge, where the East River meets the Long Island Sound.

On Friday, October 6, 2017, a small group of about 20 people got together at the American Bureau of Shipping in Manhattan, New York. The group was convened by Christopher Clott, Ph.D. He is the ABS Chair of Marine Transportation and Logistics in the Global Business & Transportation Department at SUNY – Maritime College. The group represented a healthy mix of perspectives – investors, community organizers, startup founders, academics, service providers, students, shipping industry professionals, regulators, etc. etc.

Chris convened the meeting to discuss a joint-initiative by SUNY Maritime and EEX Maritime to create a maritime technology center in New York City. This center will benefit from the central position that SUNY Maritime occupies in the global shipping industry, the network and knowhow that EEX Maritime is building as a connector between technology startups and the shipping industry, and the prominent role that New York City occupies in the global supply chain market.

About SUNY Maritime: SUNY Maritime College is one of six state maritime academies in the United States. Located 30 minutes from mid-town Manhattan, Maritime College educates dynamic leaders for the global maritime industry. ((Source: http://www.sunymaritime.edu/))

About EEX Maritime: EEX Maritime is a joint-venture between MarineCycles and EEX. EEX Maritime helps startups gain access to the global shipping market through its hubs of activity in Helsinki, New York, and Singapore.

As one would expect with a meeting of this nature . . . We left with many more unanswered questions than we had at the outset.

Basically, the aim of this center will be 3 fold;

  1. To aggregate the knowledge that exists in New York City in the areas of supply chain and technology. The initial emphasis is on shipping given the coordinating role that SUNY Maritime, EEX Maritime, and the ABS are playing in getting things started.
  2. To foster the growth of technology startups building products for the global supply chain market, focusing especially at the outset on those building products for the shipping market, by enabling them to connect with potential early customers, and helping them obtain hard-to-access input from the industry.
  3. To foster investments in the startups described above through accelerator and incubator programs that utilize the resources that are uniquely available to participants in such programs because of SUNY Maritime’s history.

The immediate challenge is to get things going by doing small, easy to accomplish things that start an ascending spiral of positive feedback loops to help this initiative gain momentum. While we are doing that, we’ll work on trying to figure out answers to the bigger questions which will require more time to answer.

Here are a few of the questions we are currently thinking about;

  1. What is the best model to accomplish this?
  2. What funding sources are available for an initiative like this beyond the sources available through SUNY Maritime?
  3. Which startups, and which entrepreneurs might be interested in an initiative like this? What would such startups want to get out of an initiative like this? What can this group do for such startups right now, while these plans are being developed further?
  4. Where should such a center be physically located in order to give it the best chance of succeeding? How does its location affect how easily it can become an established part of the tech community in New York City?
  5. What priorities should an advisory council focus on over the next 3, 6, 9, and 12 months?

In keeping with my habit of biting off far more than I can chew, I have volunteered to join the advisory council, and to act as a liaison between the early-stage venture capital community and the team that will be doing the day-to-day work that is required to get this center off-the-ground. Ultimately, we believe the maritime center should focus on 3Cs; Connections, Customers, and Capital.

If you would like to help make this happen, or if you just want to stay in the know about progress on this initiative, you can email me at brian@kecventures.com. I am also very easy to find on Twitter and/or LinkedIn.

If it makes sense to do so, I will introduce you to Chris and his colleagues at SUNY Maritime who can discuss their plans and the things they need some help with more comprehensively. Otherwise, I will pass your contact information along so that you can be added to any mailing lists we set up for this purpose.

Lastly; I would be irresponsible if I did not include these plugs;

  1. The New York Supply Chain Meetup is a community of practice for people developing solutions to supply chain problems at startups, large corporations, academic institutions, and everything in between. The focus is primarily on the application of cutting-edge technologies to global supply chain innovation. Join us for our first event at Workbench on November 16, 2017. I am working with a few other volunteers to get it off the ground.
  2. My “unnecessarily long” blog posts on startups building software for the shipping industry;
    • Industry Study: Ocean Freight Shipping (#Startups)
    • Updates – Industry Study: Ocean Freight Shipping (#Startups)

Update #1: Wednesday, October 11, 2017 at 00:48

  • Added “About SUNY Maritime” and “About EEX Maritime.

Filed Under: Communities, Entrepreneurship, Innovation, Startups, Supply Chain, Technology, Uncategorized, Venture Capital Tagged With: Business Strategy, Competitive Strategy, Early Stage Startups, Entrepreneurship, Innovation, Logistics & Supply Chain, Ocean Freight Shipping, Startups, Technology, Venture Capital

White Paper | Towards A Supply Chain Operating System

August 26, 2017 by Brian Laung Aoaeh

Note: This article does not necessarily reflect the opinion of KEC Ventures, or of other members of the KEC Ventures team.

Supplying the world with nearly everything is an enormous and complex job: there are things to discuss. 

– Rose George (2013-08-13). Ninety Percent of Everything: Inside Shipping, the Invisible Industry That Puts Clothes on Your Back, Gas in Your Car, and Food on Your Plate (p. 142). Henry Holt and Co.. Kindle Edition.

In December 2014, I started monitoring a startup that I hoped KEC Ventures would invest in later, when they raise a round of financing. It was building and marketing compliance software for the freight trucking industry. I got to work learning about the trucking market. Ultimately, we failed to close that investment – despite our best efforts and the eagerness of our team to lead the round about a year after I first began to track their progress. I still feel let down by that founder . . . But, that’s a story for another time.

What I had learned about the trucking industry led me to ask myself; “If this is what’s happening in trucking, I wonder what the shipping industry is like?”

Some of what I have learned is chronicled here;

  1. Industry Study: Freight Trucking (#Startups)
  2. Updates – Industry Study: Freight Trucking (#Startups)
  3. Industry Study: Ocean Freight Shipping (#Startups)
  4. Updates – Industry Study: Ocean Freight Shipping (#Startups)

After I published the 4th article on that list, I got an email from a gentleman named Nahum Goldmann. I was intrigued by his email because even before I read his bio, I could tell that he knew A LOT about the topics I had been exploring – all the activities that have to be undertaken to get stuff from a supplier to the ultimate customer – supply chain.

So what exactly is supply chain? I will delve into that in another post more fully, but before then, perhaps this will help. A Supply Chain is;

A network of connected and interdependent organisations mutually and co-operatively working together to control, manage and improve the flow of materials and information from suppliers to end users.

– Martin Christopher, Logistics & Supply Chain Management: Creating Value-Adding Networks, 4th ed, Pearson Education Limited 2011, page 4.

Supply chain comprises;

  • Supply Chain Management (SCM),
  • Supply Chain Finance (SCF),
  • Supply Chain Logistics (SCL), and some people include
  • Supply Chain Execution (SCE).

The world is a supply chain.

I spoke with Nahum via skype on July 14, 2017. During the call we discussed a number of topics, among which was an observation I made in my update on the shipping industry; “One product that it appears the industry would gravitate towards is a system of record that connects all participants in the supply-chain, from end-to-end. This would be a platform into which various shipping industry data could be input, and other data can be obtained as outputs . . . Probably most input data would come from other platforms and data repositories, while output data would be fed to different counterparties based on their access rights and information requirements. It seems to me to be a problem suited for a cryptographically-secure, lightweight, multi-tenant, cloud-based ledger or database of some sort that can also provide anonymity for market participants who wish to maintain some level of secrecy from other counterparties with whom they interact through the platform. One can imagine that governments around the world, for example, would want special access rights in order to keep tabs on the movement of goods and people from one place to another.”

As luck would have it . . . I was describing an idea Nahum and other people with whom he has been collaborating have been working on.

Since then, I have helped him to distill their work into a white paper which you can read below. Also, there’s a link to Nahum’s bio.

A few days ago, on August 23 to be precise, I decided that I ought to start attending the supply chain meetup in New York City. To my utter shock, there was none. So I am fixing that. I have launched The New York Supply Chain Meetup (TNYSCM). Within 3 days, we had grown to 55 nodes. ((A member of TNYSCM is called a “node.”)) My vision is that TNYSCM will become a multidisciplinary community of practice that brings together the wide array of people and disciplines whose full participation it will take to build the global supply chain networks of the 21st century.

By Nahum’s estimates supply chain inefficiencies create a 15% – 20% drag on global GDP. The 2017 projection for global GDP is approximately $80 Trillion. This is a big problem. One of the things I will attempt to do in subsequent research is try to get gather more data on the economic and financial size of the problem.

But . . . Less I get distracted. Here’s the white paper. Also, here’s Nahum Goldmann’s bio. We want your input. My email is at the end of the whitepaper. Hopefully there will be more news to share soon.

For clarification; KEC Ventures is not yet an investor in Nahum’s startup – DLTArray. I am not a personal investor in DLTArray. My involvement is on a purely voluntary basis at this point and is based on my desire to see a large scale supply chain operating system that tightly integrates all the core components that make supply chain networks function come into existence. However, KEC Ventures is an investor in Gem, which is building an enterprise blockchain operating system, with supply chain applications.

Update #1: Sunday, August 27, 2017 at 06:38 EST.

  • Disclose investment relationships involving KEC Ventures, Gem, DLTArray.
  • Clarify my personal involvement

Filed Under: Business Models, Computer Science, Intellectual Explorations, Investment Themes, Investment Thesis, Lab Notes, Mathematics, Operations, Organizational Behavior, Startups, Technical Brief, Technology, Uncategorized, Venture Capital Tagged With: Early Stage Startups, Innovation, Logistics & Supply Chain, Technology, Venture Capital, White Paper

Economic Moats – For Early-Stage Tech Startups (Presentation)

July 28, 2016 by Brian Laung Aoaeh

This presentation distills the essence of the following blog posts into a presentation format. The target audience is early-stage startup founders, and investors.

Economic Moats Blog Post Series

  1. Network Effects
  2. Switching Costs
  3. Intangibles
  4. Efficient Scale, and Cost Advantages
  5. Connecting The Dots
  6. #OpposingViewpoints: Do Economic Moats Happen By Accident?

[slideshare id=64490076&doc=economicmoats-innovationfootprints-160728202937]

Filed Under: Business Models, Entrepreneurship, How and Why, Innovation, Startups, Strategy, Technology, Uncategorized, Venture Capital Tagged With: Business Strategy, Competitive Strategy, Early Stage Startups, Economic Moat, Venture Capital

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