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DSV - Transforming Logistics and Shipping Through Innovation

DSV, a global transport and logistics company, partnered with Spyre Group to address key challenges in the logistics and shipping industry. With a wide range of services and a global presence, DSV aimed to enhance operations, leverage technology for efficiency, and create business opportunities with its partners.

The project demonstrated the value of integrating external expertise and entrepreneurial innovation to address challenges and drive transformation within the logistics and shipping sector. Through a comprehensive scouting process and strategic collaboration with startups, DSV was able to identify, evaluate, and implement technological solutions that improved their operations and created business opportunities.

Client: DSV

Industry: Transport and Logistics Project 

Project Goal: Improving Logistics and Shipping, Addressing Technological Challenges, Creating Business Opportunities

Spyre Services: Scouting for New Technologies

Useful Assets: Open Innovation Risk Management – how to start.

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Objectives

Improving Logistics and Shipping: Enhance port operations, cargo handling, port ship communication, cybersecurity, and overall logistics processes.

Addressing Technological Challenges: Identify innovative solutions to address the technological challenges faced by the logistics and shipping industry.

Creating Business Opportunities: Discover technological solutions that can create new business opportunities and collaborations with DSV's partners.

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Approach

The project involved an in-depth assessment of the challenges raised by DSV's management, followed by a startup scouting process to identify potential solutions. The following steps were taken:

Challenge Identification: DSV identified key challenges in logistics and shipping, focusing on areas such as port operations, cargo handling, port ship communication, cybersecurity, and overall logistics efficiency.

Startup Scouting: Spyre Group utilized their expertise and network within the startup ecosystem to scout for relevant startups that offered innovative solutions to address the identified challenges. The scouting process resulted in tens of potential startup candidates.

Solution Evaluation: Out of the identified startups, 50 of the most relevant ones were presented to DSV's management for evaluation. These startups showcased their technological capabilities and potential to address the specific challenges faced by DSV.

Implementation Recommendations: Alongside the presentation of 50 startups, Spyre Group recommended a list of 20 startups that were considered highly suitable for starting the implementation process. These startups demonstrated strong potential to collaborate with DSV and bring value to their operations.

Implementation and Collaboration: One of the recommended startups has already commenced working with DSV, while the others are in the process of initiating collaborations. These startups are expected to provide innovative solutions and contribute to DSV's goals in improving logistics and creating business opportunities.

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Outcomes

The collaboration between DSV and Spyre Group resulted in the following outcomes:

Technological Solutions: DSV gained access to a pool of innovative startups that offered solutions to the identified challenges in logistics and shipping. These solutions included advancements in port operations, cargo handling, communication, cybersecurity, and logistics optimization.

Implementation Initiatives: DSV initiated collaborations with selected startups, aiming to implement their solutions and technologies into their operations. This partnership allowed DSV to leverage innovative technologies to enhance their efficiency, security, and overall service quality.

Business Opportunities: By scouting startups and identifying potential collaborations, DSV created new business opportunities and partnerships with innovative companies. This helped DSV expand their offerings and strengthen their position in the transport and logistics industry.

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