A VCM Global Asset Management affiliate (“VCM GAM”), is investing up to $4.5 million to promote fast-growing Cargo Produce. With this unique global supply chain software solution platform, importers and exporters can track, manage and automate all processes from purchasing orders to documentation, booking confirmations, estimated time delivery versus actual delivery and much more, in one single and secure hub.
Currently, Cargo Produce’s platform boasts 170,000 TEUs annually for its existing customers and aims to reach over 220,000 TEUs by the end of this year. These results demonstrate the platform’s efficiency and value in transforming supply chain management for businesses worldwide. The company, which supports exporters and importers moving cargo across more than 100 countries, also intends to use the proceeds to expand operations in the Latin American market as part of its broader goal in a global $10 trillion market.
“We created Cargo Produce to solve age-old supply chain problems in a new way that meets our clients’ needs, reducing costs, saving time and automating processes and this is why we are growing fast/double digits,” says co-founder Miguel Jubal, a logistics engineer with nearly two decades of experience with exporters and importers.
Cargo Produce’s platform helps its clients to reduce time spent tracking containers by an average of 85%, lowering documentation errors and cutting response times by up to 90%, and reducing email volumes by 70%. For VCM GAM, the investment targets a key secular trend related to global supply chain awareness solutions implementation towards the USD4 trillion+ global import/export market.
“The international logistics market is a massive industry, offering substantial growth potential for innovative solution providers like Cargo Produce. We are excited to be able to invest in this fast-growing company that has already a unique position in the market,” says Santiago Tello, Managing Director at VCM GAM, who will also be joining the board of directors of Cargo Produce.
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