It turns out that major shareholders of Freightos are also large logistics companies— FedEx, Qatar Airways, and IAG Cargo. Thre are others, such as Singapore Exchange, who participated in Freightos’s Series C round of financing. There has been a policy of keeping major shareholders hidden.
Is this bad? Not necessarily, but there could be conflicts of interest. Some customers won’t care, but others might if their interests are not being addressed.
Freightos operates an online international freight marketplace [Wikipedia]. It also sells multimodal freight, and booking automation for carriers and freight forwarders. The Wikipedia article does a good job of explaining what they do and what acquisitions they have made. They’re a freight broker and carrier, with a software platform, though they started out as a software company.
Complicated ownership structures are not uncommon in business. Whether they influence how they do business in the small is a different question. At present we don’t hear of any customer issues.
Partners’ business relations should always include checking on whether ownership affects the partner’s way of doing business with you.
Modern slavery is not like the kind we know from the colonial era. Instead, people have no permanent jobs or benefits, and there are no rules controlling their employment relations; or perhaps there are not even jobs to be found. Society for most becomes anarchy, nations of refugees with nowhere to be, nothing to do.
According to this report, quite a few countries, mostly in the far east, are moving into a high risk category because of layoffs and dislocations due to the virus. In a sense, though it is happening everywhere, even in the US. People can’t find jobs, and it’s likely to continue long after the virus passes out of daily consciousness, as companies figure out how to do more with less. We will be converted to nations of gig workers with fewer and fewer gigs.
A nice discussion of Agile development techniques in the large corporation context. It’s definitely the wave of the future, and all firms and enterprises need to consider it. Time to do away with the old project management mentality and get feedback from the users.