Fridgio

1. Companies struggle managing refrigerated logistics, losing billions in perishable inventory annually - products we use everyday like food and pharmaceuticals. 

2. Fridgio is a digital freight brokerage that connects companies to refrigerated transporters, providing upfront pricing and real-time temperature monitoring. 

3. By providing real-time temperature monitoring companies gain increased visibility into the management of their inventory while in transit, reducing the amount of inventory loss. 

Food losses and waste amounts to roughly US$ 680 billion in industrialized countries and US$ 310 billion in developing countries. In developing countries food waste occur mainly at early stages of the food value chain and can be traced back to financial, managerial and technical constraints in harvesting techniques as well as storage and cooling facilities. Strengthening the supply chain through the direct support of farmers and investments in infrastructure, transportation, as well as in an expansion of the food and packaging industry could help to reduce the amount of food loss and waste. In industrialized countries, like the U.S. for example, over $160B in food waste occurs annually, 31% occurs in transit. Our platform also has applications in the pharmaceutical, chemical and life science markets as well. 

Fridgio automates the arrangement, management and monitoring of refrigerated transportation. As a digital freight broker, Fridgio utilizes artificial intelligence to provide accurate upfront pricing, regardless of market condition. Fridgio leverages IoT technology to locate available transporters and monitor the temperature of their equipment during transit. 

Fridgio serves companies or organizations that need to ship perishable inventory as well as transporters with refrigeration trucks seeking new customers. 

Fridgio democratizes the refrigeration transportation market. By providing companies and organizations with an easy to use IoT enabled platform for booking refrigerated loads, Fridgio reduces inventory losses for shippers. Moreover, Fridgio provides all refrigerated transporters from the smallest owner/operator to the largest shipping companies access to loads on demand. Our goal is to reduce the overal cost of items people consume everyday by reducing the cost to ship. 

Fridgio's competitors are two fold: 1) Traditional brick and mortar freight brokers and 2) Digital freight brokers like UberFreight and Convoy. However, none of these platforms specialize in refrigerated logistics or provide real-time temperature monitoring that refrigerated customers require. 

Fridgio utilizes a combination of AI and IoT technology to deploy its solution in the market.

Companies currently utilize IoT technology to track shipping loads on proprietary trucks, however, once they use a third party logistics provider for on demand services, they lose all visibility of their inventory. 

By monitoring temperatures of perishable inventory in real-time, companies can communicate with service providers more timely to prevent the loss of inventory via temperature adjustment, cross docking or truck replacement to prevent inventory loss. 

Year 1 - 250 million people

Year 5 - 3 billion people

By reducing food, pharmaceutical loss worldwide. Our goal is to increase availability of supply, improve quality and lower the price of these items. 

Barriers to expansion include lack of wireless coverage in certain geographies and older refrigeration units that are not IoT enabled, those units will require bluetooth enabled devices that connect that load data to the drivers phone.

By partnering with an IoT device company to produce low cost devices to share with drivers that register on the platform. 

1 Full-time

3 Advisors (Contract)

I have over 20 years of professional experience including owning two logistics services companies. Currently enrolled in the MIT Sloan Executive MBA Program.

I am currently partnered with XPO Logistics (MIT ILP Member Company), as well as ThermoKing and Carrier Transicold.

Fridgio is a digital freight broker that connects companies to refrigerated logistics service providers. Fridgio provides real time temperature monitoring on all loads booked on our platform via its network fo IoT enabled service providers. In the U.S., the USDA estimates there's over $160B in annual food waste, and 31% of that waste occurs in transit. Companies cannot effectively manage their refrigerated shipping and thus lose almost a third of their inventory during the logistics cycle. We believe this artificially inflates the price of many of the food, pharmaceutical, chemical and life science products we use everyday. Our platform has applications in markets all over the world. 

I am applying to SOLVE, because while my business model is independently commercially viable, the impact on society cannot be understated. Food waste and loss globally is an unsolved problem with a fragmented number of companies and organization seeking to address the issue. However, I think my approach democratizes a solution in such a way the decreases inventory loss via practical problem solving moreso than trying to change minds. SOLVE has great relationships in markets that could benefit from Fridgio the most.

I would like to partner with the MIT Center for Transportation and Logistics. 

Our platform supports Agencies and NGOs that need to ship medicine and food. 

Fridgio will expand the supply of food and medicine in areas where women need it most and bear the burden of caretaking for their families and communities.