Tackling the Future of Transportation with Greylock’s Reid Hoffman and Simon Rothman
“We created our technology by thinking about how the world and industry should work.” – Kristen Forecki, VP of Operations at ConvoyHere are three highlights from Kristen’s predictions on how trucking and logistics will evolve in the future of transportation:
- Solutions like Convoy will bring more capacity to the marketplace by helping shippers access the small, decentralized carriers that make up the majority of the US market. Marketplaces and networks like Convoy will give shippers a one-stop-shop for flexible supply sourcing while making it easier for small carriers to connect to jobs and other benefits that help them succeed and grow their businesses.
- Autonomous trucks and truck drivers = better together. Many aspects of trucking will always require a person’s judgment or physical presence, so fully autonomous trucking will likely never be the norm. But adding some autonomous features to the trucking process can help drivers, carriers, and shippers. The combination of people and technology can often accomplish more than one or the other can alone. (Said Forecki, “It’s not about a person OR technology, it’s about a person AND technology.”) In the future, we see a world where trucking will use a combination of human driver and autonomous driving to move freight more efficiently and help carriers to get more capacity from their trucks.
- Technology and automation will ultimately increase the speed and lower the cost of transporting goods. With growing demand and higher consumer expectation around fast delivery times, the freight market will continue growing exponentially over the next 20+ years, putting more pressure on shippers to move freight faster and cheaper. Convoy has already built a marketplace that automates the process of matching supply and demand at the right price. Data science, machine learning, and continued product innovation will create even more automation, leading to greater warehouse productivity, improved customer service, and significant costs savings.
Update July 31st: The full recording is now available on Soundcloud. Listen and comment!