As Iran-backed groups attack Red Sea ships, investors are backing startups assisting global cargo
Multiple shocks to global supply chains brought about first by the pandemic and more recently by Iran-backed Houthis targeting cargo ships in Red Sea have shown there’s a need for greater resilience in global shipping. At the same time, the pressure to reduce both costs and carbon footprints continues apace. Quietly, investors are eyeing up tech platforms for ports and cargo ships, which could prove to be a very savvy investment.
There are already several signs this is happening.
Most recently, Portchain — a Danish…