Global logistics and supply chain management platform, Global, has raised $37 million in a funding round led by Goldman Sachs Asset Management. The Brazilbased 26.5m global 37mhalltechcrunch company plans to use the funds to expand its operations in Latin America and Europe. Global’s platform provides end-to-end logistics solutions for businesses, including transportation, warehousing, and customs clearance. The company’s technology allows for real-time tracking of shipments and inventory management, providing businesses with greater visibility and control over their supply chains.
Expansion Plans
With the new funding, Global plans to expand its operations in Latin America and Europe, where it already has a presence in countries such as Brazil, Argentina, Chile, Spain, and Portugal. The company aims to increase its market share in these regions by investing in technology and infrastructure. Global also plans to expand its product offerings to include new services such as air freight and e-commerce logistics. The company sees significant growth potential in these areas, particularly in the wake of the COVID-19 pandemic, which has accelerated the shift towards e-commerce.
Market Opportunity
The global logistics market is also expected to reach $12.68 trillion by 2027, driven by the growth of e-commerce and the increasing demand for faster and more efficient supply chain solutions. Global well-positioned to capitalize on this market opportunity, with its technology-driven platform and focus on customer service. The company has already established partnerships with major players in the logistics industry, including DHL, FedEx, and UPS. These partnerships allow Global to offer a wide range of services to its customers, while also leveraging the expertise and resources of these industry leaders.
Conclusion
Global’s latest funding round is a testament to the company’s success in the logistics industry and its potential for further growth. With its focus on technology and customer service, Global well-positioned to capitalize on the growing demand for logistics solutions in Latin America and Europe, and to expand its product offerings to meet the evolving needs of its customers.