Food Logistics and Supply & Demand Chain Executive selected Focal Point, provider of an end-to-end enterprise procurement management platform, as one of this year’s Top Tech Startups. The new award spotlights top software and technology startups in the supply chain and logistics space that have launched within the last five years and have introduced a viable product.
“Working as the head of procurement at large financial services institutions gave me insights into the main pain points that procurement professionals face, serving as my inspiration to found Focal Point,” said Anders Lillevik, founder and CEO of Focal Point. “In order for businesses to modernize their operations and procurement processes, they need a solution that unifies all procurement data and existing technologies while also automating tasks. We’re honored to be recognized as one of the top tech startups of 2022 among this list of innovative and sophisticated tech solutions startups.”
This year’s winners play in a variety of different market sectors, however AI-powered automation and real-time transportation visibility make up a majority of the winners (35% and 33%, respectively) and bring in $1 million to $20 million-plus in revenue per year.
“From seed funding rounds to launching new solutions, many of today’s tech startups are poised to disrupt the supply chain space. They’re introducing new innovations, improving user experiences and striving for that safer, smarter, more efficient supply chain,” says Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive. “The future of the supply chain industry is directly impacted by the development of these new technologies, and I’m very excited to see what’s next for these winners.”
Three of the overall winners have been selected to present on Manifest’s Innovation Stage, scheduled for Jan. 31- Feb. 2, 2023, and a number of the other winners will be featured in the event’s Education Program.
Recipients of this year’s award will also be profiled on FoodLogistics.com and SDCExec.com. Go to https://foodl.me/ibl8vs to view the full list of Top Tech Startup winners.
About Food Logistics
Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Food Logistics and sister publication Supply & Demand Chain Executive are also home to L.I.N.K. and L.I.N.K. Educate podcast channels, L.I.N.K. Live, SCN Summit, SupplyChainLearningCenter.com and more. Go to http://www.FoodLogistics.com to learn more.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Supply & Demand Chain Executive and sister publication Food Logistics are also home to L.I.N.K. podcast channel, SCNSummit.com, SupplyChainLearningCenter.com, the Women in Supply Chain Forum and more. Go to http://www.SDCExec.com to learn more.
About Focal Point
Focal Point empowers enterprise Chief Procurement Officers to fully modernize and optimize their operations. With Focal Point’s end-to-end procurement management platform, procurement teams can maximize the value of every dollar spent, ensure the safety and security of all transactions, and ultimately enhance the customer experience. Focal Point’s platform integrates seamlessly with legacy procurement infrastructure, ensuring maximum ROI on existing investments. Global brands manage their procurement with Focal Point. The company was founded in 2020 and is headquartered in Atlanta. For more information, please visit https://www.getfocalpoint.com/ or email [email protected].