Issue #3, Chicago Business Bulletin, Logistics Tech in Chicago | World Business Chicago

PRESS RELEASE

07.05.2022

Issue #3, Chicago Business Bulletin, Logistics Tech in Chicago

Issue #3, Chicago Business Bulletin, Logistics Tech in Chicago
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CHICAGOApril 19, 2022 /PRNewswire/ — World Business Chicago, the city’s public-private economic development agency, today published its latest research report digging into Chicago’s logistics tech sector.

 

The city’s economic agency now publishes original research-based content monthly. This latest report digs into Chicago’s legacy infrastructure, current record-breaking levels of VC investment, plus strong network of universities, colleges, research incubators, have Chicago well positioned for significant growth in the logistics tech vertical.

Chicago stands at the U.S. crossroads of transportation, distribution and logistics. Chicago located companies benefit from central location advantage, diverse talent pipeline and ever-evolving and growing logistics tech and innovation. On the heels of today’s report, Chicago was recognized as a top business hub by Business Facilities magazine (March/April 2022). Chicago is a city of movement, transporting people, goods, and new technology across the nation and around the world.

In conclusion, the April, 2022 edition of The WBC Research Center, Chicago Business Bulletin reports:

  • Growth in value and size of Chicago logistics tech firms attracts more venture capital, private equity for growth and corporate VC
  • Chicago is a market of choice for corporate relocations and expansions offering a unique blend of a maturing VC ecosystem, a legacy TD&L industry and a diverse talent pool
  • Innovation labs in Chicago are taking advantage of the opportunity to develop underrepresented vertical segments, supporting early-stage firms, and capturing more and diverse tech talent.

Read the full press release here on PR Newswire

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