Shipwell Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Shipwell Strengths, Domain Expertise, and Key Differentiators

Established in 2016, Shipwell offers a solution designed to assist shippers in navigating peak season chaos, sourcing essential capacity, and ensuring timely deliveries of their goods on a consistent basis.

Shipwell Recent Developments

In April 2021, Shipwell, a prominent figure in the shipping and logistics industry, unveiled a suite of highly differentiated pricing intelligence tools designed to identify suitable rates in a volatile market and efficiently secure capacity tailored to individual shipment requirements. Shipwell's introduction of pricing intelligence capabilities addresses a critical need as supply chain managers seek tools to eliminate uncertainty in pricing strategies.

During the period between November and March, the cost of shipping a container of goods surged by 80%, placing significant pressure on supply chain managers eager for advantages in their pricing strategies. Compounding this challenge is the reliance of many traditional shipping departments on conventional pricing methods that struggle to keep pace in the digital era.

In April 2019, Shipwell introduced a load board within its cloud-based freight management platform. Shippers and 3PLs utilizing the Shipwell platform now have access to personalized load boards, which can be either company-specific or the overall private Shipwell load board.

The system ensures reliability, as the carriers registered on the load boards undergo thorough vetting, continuous insurance monitoring, maintenance of individual scores above a specified value, and a requirement to stay connected either through their electronic logging device (ELD) or the mobile application at all times. Shipwell employs a proprietary algorithm that monitors over 700 different shipment data touchpoints for both shippers and carriers.

In terms of shippers, the company evaluates factors such as the origin and destination of loads, the time taken for the carrier to get loaded at the shipper’s facility, issues related to detention and dwell times, and various similar parameters. This comprehensive analysis enables Shipwell to provide a score around a facility, assisting carriers in managing their expectations.

Shipwell Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Shipwell applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Shipwell and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Shipwell Platform customers.

Shipwell Key Enterprise and Cloud Applications

Shipwell Platform

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Shipwell Direct vs Indirect sales

Shipwell Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Shipwell Customers

No. of Shipwell Customers: 4000

No. of Shipwell Enterprise Applications Customers: 400

No. of Shipwell Cloud Customers: 4000

No. of Shipwell Cloud Subscribers: 11000

In 2022, Shipwell was selected by Trimble Inc. as a recommended vendor for Trimble's customers, taking the place of the now-discontinued Kuebix TMS.

Shipwell has achieved significant success, with its platform delivering substantial benefits to its customers. One of the earliest adopters of the startup's services was Lumi, a custom e-commerce packaging company affiliated with Y Combinator. Experiencing rapid growth, Lumi, like many scaling startups, grappled with the challenges of supply chain management and freight shipping.

Since transitioning to Shipwell, Lumi now receives an average of 9.6 carrier quotes per shipment and obtains 14.8 automatic tracking and status updates per shipment. Shipwell played a pivotal role in reducing Lumi's weekly freight quoting time, decreasing it from 10 hours to just 2 hours per week.

Shipwell Market Opportunities, M&A and Geo Expansions

In 2022, Shipwell and NMB Solutions Inc., a provider of Microsoft-certified D365 Gateway for multi-modal transportation, parcel shipping, and compliance solutions for Microsoft Dynamics 365 (D365), have jointly announced their partnership. This collaboration introduces Shipwell's contemporary, best-in-class Transportation Management System (TMS) to the Microsoft D365 community.

Shipwell is broadening its platform by incorporating parcel shipments through a FedEx Compatible partnership, enabling customers to utilize FedEx for shipping. Initially concentrated on freight shipments to support the manufacturing stage, the company now offers customers a comprehensive range of shipment capabilities, spanning from freight to parcel.

In a bid to enhance real-time supply chain visibility, Shipwell has formed partnerships with a dozen ELD providers. Through successful integration with fleets using these ELD devices, the platform identifies the optimal match for hauling loads in the most efficient manner.

Shipwell Risks and Challenges

Transportation management systems (TMSs) are a well-established concept, but their current iteration involves hosting them in the cloud—a relatively new development in the shipping industry. Cloud-based TMS solutions play a crucial role in contemporary shipping, fostering efficiency, reducing costs, and enhancing comprehension of vital supply chain functions.

Shipwell Ecosystem, Partners, Resellers and SI

In 2022, Shipwell made new partnerships with some of the most innovation-forward companies, including brands such as Ace Screws, CG Roxane/Crystal Geyser, Golden West Food Group, Good360, Home Chef, Phantom Fireworks, Schweid & Sons, Spindrift Beverage Company, and many others.

The company operates in Canada, Mexico, and various European countries.

Shipwell Cloud Infrastructure Insights

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• Shipwell Public Cloud and Infrastructure (IaaS)
• Shipwell Platform (PaaS)
• Shipwell Application Delivery
• Shipwell Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: