‘Lori’, swahili for Truck, is the name of a tech driven coordination system for Long Haul Trucking in East Africa. The system is a web- and mobile-based freight management provider that coordinates truckers and shippers along the Northern Corridor to reduce inefficiencies and margin capture (currently 60% of costs).
Lori Systems is a fast growing, technology led by Harvard & MIT graduates and backed by local & international investors and advisors. Leveraging 3 years of research at Harvard and in-house developed technology, Lori has built a logistics platform that is revolutionising the cargo-transport value chain in Africa – from the ground up.
The relative cost of moving goods in the region is one of the highest in the world – leading to up to 75% of a product’s cost going to logistics (compared to 6% in the US). Lori enables the logistics space to operate at an order of magnitude more efficiently than it does today. Higher efficiency through Lori has been demonstrated to drive costs down which is expected to create new jobs & stimulate overall economic development in a tangible way.
Sandler Josh, the founder of the startup, is a native of South African graduate from a joint degree graduate program at the Harvard Kennedy School of Government and the Harvard Business School. His professional background is in growth equity investment and management of high growth firms with a focus towards sectors susceptible to government influence (e.g. healthcare). Over his 3 years at Harvard, Josh worked on a variety of projects to build/restructure platforms in sectors facing localized challenges in East Africa.
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