Shipwell Strengths, Domain Expertise, and Key Differentiators
Founded in 2016, Shipwell provides a solution that helps shippers break from peak season chaos, source much-needed capacity and deliver their goods on time, every time.
Shipwell Recent Developments
In April 2019, Shipwell introduced its load board within its cloud-based freight management platform. Shippers and 3PLs on the Shipwell platform can now access their own load boards – which can either be company-specific or the overall private Shipwell load board.
The system is bankable, as the carriers registered on the load boards are thoroughly vetted, have their insurance monitored, are given individual scores that need to be maintained above a certain value, and must be connected either with their electronic logging device (ELD) or through the mobile application at all times. Shipwell uses a proprietary algorithm that monitors over 700 different shipment data touchpoints – both for shippers and carriers.
With regard to shippers, the company looks at the origin and destination of loads, the time it takes for the carrier to get loaded at the shipper’s facility, the issues surrounding the detention and dwell times, and several similar parameters. This helps Shipwell provide a score around a facility to help carriers manage 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 Overview
Ownership: - x
Number of Employees: 200
Functional Markets: SCM,
Key Verticals: Aerospace and Defense, Automotive, Consumer Packaged Goods, Distribution, Manufacturing, Oil, Gas and Chemicals, Professional Services, Retail, Transportation,
Shipwell Key Enterprise and Cloud Applications
Shipwell Platform
Shipwell Revenues, $M:
| Type/Year | 2019 | 2020 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Shipwell Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Shipwell Enterprise Applications Revenues By Functional Markets, $M:
Shipwell Enterprise Applications Revenues By Verticals, $M:
Shipwell Revenues By Region, $M
| Region | % of Total Revenues | 2020 Total Revenues, $M | 2020 Enterprise Applications Revenues, $M | 2020 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Shipwell Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
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
Shipwell has found great success with its customers benefiting dramatically from their platform. One of the startup’s earliest customers was Lumi, a startup out of Y Combinator, a custom e-commerce packaging company. The company was growing incredibly quickly, and as with most of the startups that scale up, it realized it was running a tightrope about supply chain management and freight shipping.
But after switching to Shipwell, Lumi is currently getting an average of 9.6 carrier quotes back per shipment and receiving 14.8 automatic tracking and status updates per shipment. Shipwell helped them reduce week quoting freight, from spending 10 hours down to 2 hours a week.
Shipwell Market Opportunities, M&A and Geo Expansions
Shipwell is also expanding its platform to allow for parcel shipments with a FedEx Compatible partnership which able customers to now ship through FedEx. Previously the company had been focused on freight shipments to get supplies to the manufacturing stage. The addition gives customers the full range of shipment capabilities from freight to parcel.
To improve on real-time supply chain visibility, Shipwell has established partnerships with a dozen ELD providers and has successfully plugged into fleets through those ELD devices to determine the best match for hauling loads in the most effective way.
Shipwell Risks and Challenges
Transportation management systems (TMSs) are not a new concept, but they are hosted now, in the cloud, which is still new to shipping. Cloud-based TMS solutions are an integral part of modern shipping, promoting efficiency, cost reduction and a better understanding of critical supply chain functions.
Shipwell Ecosystem, Partners, Resellers and SI
The company operates in Canada, Mexico and even across Europe.
Shipwell Cloud Infrastructure Insights
Subscribe to read more about:
- 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:
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