Lori Systems Awarded as Technology Pioneer by World Economic Forum
● The World Economic Forum announced its selection of 100 of the most promising Technology Pioneers of 2020, who are shaping industries from agriculture to healthcare while also working on sustainability issues and much more.
● Many Technology Pioneers are also using their tech to support COVID-19 responses around the world.
● Lori is a tech-driven logistics services company that seamlessly coordinates haulage across frontier markets. Lori’s mission is to drive down the costs of goods.
● For example in Africa, logistics account for as much as 75% of a product’s price, compared to 6% in the US.
● The full list of recognized Technology Pioneers can be viewed here.
Nairobi, Kenya, 16 June 2020 — Lori, a tech-driven logistics services company that seamlessly coordinates haulage across frontier markets, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers.” Lori’s mission is to drive down the costs of goods. For instance, in Africa $180 billion is spent annually on haulage and logistics account for as much as 75% of a product’s price, compared to 6% in the US. Billions of dollars worth of cargo has been shipped through Lori’s tech and operations-driven marketplace, which efficiently connects transport to shippers. In only three short years, Lori has significantly improved logistics transparency, flexibility, reliability, and costs.
The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.
Following its selection as Technology Pioneer, Co-Founder and CEO Josh Sandler of Lori will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Lori Systems will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.
“We’re excited to welcome Lori to our 20th cohort of Technology Pioneers,” says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. “Lori and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world.”
“We are incredibly honored to be acknowledged as a pioneer by the World Economic Forum, especially among such an impressive cohort,” said Lori’s Josh Sandler. “Lori’s mission is at the forefront of our company — to drive down the costs of goods in frontier markets. We are leveraging technology to optimize logistics networks to achieve this. The current pandemic has really shown the world how the ability to move goods efficiently is essential, and we’re proud our technology continues to be a part of this solution. We look forward to contributing to the Forum dialogues and being a part of this community.”
This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.
2020 Tech Pioneer firms are shaping the future by advancing technologies and come from regions all around the world. The full list of Technology Pioneers can be found here. Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.
All info on this year’s Technology Pioneers can be found here: http://wef.ch/techpioneers20
More information on past winners, information on the community and the application link can be found here.
About Lori: Lori is a tech-driven logistics services company that seamlessly coordinates haulage across frontier markets. Lori’s mission is to drive down the costs of goods in Africa where $180 billion is spent annually on haulage. Across the continent, logistics account for as much as 75% of a product’s price, compared to 6% in the US. Lori’s tech and operations-driven marketplace efficiently connects transport to shippers, and moves billions of dollars worth of cargo. In only three short years, Lori has significantly improved logistics transparency, flexibility, reliability and costs. Lori operates in Kenya, Uganda, Tanzania, Rwanda, DRC, South Sudan, Ethiopia, Nigeria and Ghana with plans to expand. (www.lorisystems.com)
About World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).
About the Global Innovators:
The Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency.
Companies who are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues.
