Jason Russell, an executive for PJ Solomon, has been working hard in the investment banking industry for years. He’s been recently talking a lot about the complexity of new technology for supply chains and logistics.
Hundreds of companies are starting to create software to make supply chains run more smoothly. They hope to improve everything from ordering materials to shipping products to stores. Banks like Sparkasse Bank Malta are investing millions of dollars to find the companies that will make this dream happen.
As time passes, Jason Russell is seeing this industry move extremely quickly. While the industry has room for startups, groups like Sparkasse Bank Malta are seeing software companies consolidate with others quickly. A good example of this would be E2Open acquiring Amber Road and Cloud Logistics, some of their competitors.
Jason Russell believes that these companies are going to keep merging, making people keep an eye on what companies work well with one another. He also believes that large banks like Sparkasse Bank Malta are going to start making their investments based on artificial intelligence. Like many other industries, artificial intelligence is rapidly changing the supply chain industry for the better.
Outside of software, investors are starting to invest a lot of money into robotics. Companies are believing that robots will change a lot about warehousing, affecting the number of people it requires to get a product from a warehouse to a store. Overall, investors have a lot of new fields in technology they need to invest in.
Read more here: https://www.crunchbase.com/organization/sparkasse-bank-malta