Lori Systems recognised as Technology Pioneer by World Economic Forum
 | Lori Systems recognised as Technology Pioneer by World Economic Forum_approved | 46 KB | Download |
 Preview | Billions of dollars worth of cargo has been shipped by the tech and operations-driven marketplace of Lori | 2.61 MB | Download |
 Preview | In Africa, $180 billion is spent annually on haulage and logistics, accounting for as much as 75% of the product price | 2.8 MB | Download |
 Preview | Lori is a tech-driven logistics services company that seamlessly coordinates haulage across frontier markets | 2.73 MB | Download |
 Preview | Lori, which aims to drive down the cost of goods, has been selected as a WEF Technology Partner | 2.2 MB | Download |
Lori’s mission is to drive down the costs of goods. For instance, in Africa $180 billion is spent annually on haulage and logistics, accounting 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 WEF’s Technology Pioneers are early to growth-stage companies from around the world involved in the design, development and deployment of new technologies and innovations, poised to have a significant impact on business and society. The Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the WEF.
Following its selection as Technology Pioneer, Lori Co-Founder and CEO Josh Sandler will be invited to participate at WEF activities, events and discussions throughout the year. Lori will also contribute to WEF 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,” comments Susan Nesbitt, Head of the Global Innovators Community at the WEF. “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 honoured to be acknowledged as a pioneer by the WEF, especially among such an impressive cohort,” notes 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 optimise logistics networks to achieve this. The current Covid-19 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 WEF 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 include innovation, impact and leadership, as well as the company’s relevance to the WEF’s Platforms.
All information on this year’s Technology Pioneers is available at: http://wef.ch/techpioneers20. More information on past winners, information on the community and the application link can be found here.
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Notes to the Editor
To download hi-res images for this release, please visit http://media.ngage.co.za and click the Lori link to view the company’s press office.
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. Visit www.lorisystems.com.
About the World Economic Forum
The World Economic Forum, committed to improving the state of the world, is the International Organisation for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. Visit www.weforum.org.
About the Global Innovators Community
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.
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