In today’s highly fragmented logistics market, businesses face significant challenges in sourcing reliable logistics partners to manage their transportation needs effectively. This fragmentation not only complicates the process of finding trustworthy partners but also contributes to a lack of visibility into Goods-In-Transit (GIT) data. Without access to comprehensive data and insights, enterprises struggle to understand business opportunities, make informed decisions, and optimize their supply chain management effectively. As a result, we see a critical need for a solution that offers a single platform for Goods-In-Transit Management (GITM), providing enterprises with easy and convenient tracking capabilities while addressing the challenges of fragmented markets and the absence of GIT data and visibility.
What Movam has built is a platform for management of goods in transit. This platform enables the onboarding of third-party providers to engage with shippers, reconcile their orders effectively on a single platform, and finally pay and rate the experience. The idea to close the gap between the rapidly rising costs of logistics in Africa and the rest of the globe.
Data continuity is essential to releasing the latent potential in Africa’s logistics sector. So, equipped with tenacity and an unwavering quest for perfection, Movam founders, Alex Adenuga, Akintomiwa Akintunde and Olu Olateru embarked on a project to develop a platform that would enable companies to prosper in an ever-more-connected global marketplace while simultaneously maximising the cost of logistics. “We’re passionate about using technology to simplify how goods move, especially in Africa,” says Akin. According to Alex “Our goal is simple. We want to help businesses save time and money while delivering their products reliably. With our platform, we’re making logistics easier, more connected, and more cost-effective for everyone involved. Together, we’re shaping the future of transportation.”
The global logistics market is valued at approximately 8.4 trillion USD, with Africa contributing around $27 billion, while the third-party logistics (3PL) sector amounts to about $5.1 billion. This significant market size is fueled by the increasing demand for efficient supply chain solutions, driven by factors like globalization, expanding trade volumes, and the growth of e-commerce.
In Nigeria and across Africa, the 3PL industry is experiencing rapid growth, driven by the need for specialized logistics services such as transportation, warehousing, freight forwarding, customs brokerage, and value-added services. However, the landscape is highly competitive and diverse, comprising a mix of regional, local, and international players.
Local providers bring in-depth knowledge of regulatory frameworks and local market dynamics, while foreign firms offer innovative technologies and extensive global networks. Despite the diversity, the 3PL sector in Nigeria and Africa remains fragmented, with numerous small and medium-sized enterprises catering to specific markets or regions.
Nevertheless, there’s a noticeable trend towards consolidation as larger players seek to expand their market share through mergers, acquisitions, and strategic partnerships. This dynamic environment shows the importance of agility, innovation, and strategic alliances in centering the evolving landscape of the 3PL industry in Nigeria and Africa.
Indeed, MOVAM is a groundbreaking logistics platform looking to revolutionise the logistics landscape in Africa. With its innovative features, collaborative approach, and unwavering commitment to excellence, MOVAM aims to transform the way businesses handle their supply chain operations.
One of MOVAM’s key milestones is its impressive reach, currently serving over 10 b2b distributors in Nigeria and Ghana, 4000+ logistics partners and processing over 25,000 orders monthly. This extensive network allows businesses to have unmatched visibility into the flow of goods, enabling them to identify inefficiencies, optimize processes, and drive development like never before. MOVAM offers real-time tracking technology and a network of approved logistics providers, ensuring that companies can confidently track their shipments and rely on the dependability of their partners.
What sets MOVAM apart is its focus on customer satisfaction and innovation. The platform offers a comprehensive suite of features, including real-time data analytics and insights, two-way tracking of assets, a 3PL marketplace with verified logistics providers, and easy API integration for large organizations. This holistic approach empowers businesses of all sizes to unlock new levels of efficiency, productivity, and growth.
MOVAM’s unique selling point lies in its commitment to its vision of a world where logistics is not a barrier to growth but a catalyst for prosperity. By democratizing access to advanced logistics solutions, MOVAM aims to transform economies and unlock the full potential of Africa’s logistics ecosystem. With a flexible pricing model tailored to the needs of each customer and a relentless focus on customer satisfaction, MOVAM ensures that businesses can access the tools and resources they need to succeed.
MOVAM has gained impressive traction, with plans to grow 10x in the next two years by providing its services to various organizations. The company is determined to equip the logistics ecosystem in sub-Saharan Africa with the necessary tools to attract more trade transactions and drive economic growth. With a team of dedicated professionals and experienced advisors, MOVAM is well-positioned for growth and scaling.
Looking towards the future, MOVAM is setting its sights on cultivating partnerships across the industry spectrum, crafting tailored incentive models to amplify the logistics ecosystem’s scale.
MOVAM is providing operational efficiency while is driving cost-effective solutions, one business at a time.
It’s not so much of a bold claim to make: MOVAM truly stands on the precipice of revolutionising Africa’s logistics landscape.
