Marc Kuo's guest appearances

Marc Kuo

Social Entrepreneur

Startup Canada

Tonya Surman

Laura Roeder

Dan Miller

Elizabeth Sarquis

Kavita Shukla

Kate Hayes

Aman Mann

Tim Fargo

Tweet Jukebox

Paul Bradley

Nathan Chan

Boris Wertz

Paul Jarvis

Safeena Husain

Jim Smith

OwlTail

Routific uses AI to cut mileage and drive time by 20%-40%. Marc Kuo is the Founder &amp; CEO of Routific. He is a routing expert with nearly a decade of experience in last-mile logistics. But he didn’t always work in logistics. “Being a fresh grad out of school, I just wanted to get into either management consulting or investment banking, simply because of its prestige,” Marc told me. “I was ambitious. I wanted to aim for something challenging. “Once I was in finance, I was on the equity trading floor for one of the investment banks in Hong Kong. It was a glamorous dream job. I was sitting on the fifty-first floor of one of the tallest skyscrapers in Hong Kong. But I just felt a little empty. I was quickly disenchanted by this glamorous job and the corporate life. “I wasn’t adding much value to society, using algorithms to move money from the retired pensioners to the rich bankers. I didn’t feel like it was value added to society.” After being on the job for a year, Marc decided to go back to what he studied in graduate school. He wrote his thesis on route optimization algorithms. From his perch on the fifty-first floor, he watched the ships, trucks, and logistics in the harbor. “I felt a calling to move physical goods and rout them more efficiently. Physical goods are being moved anyway. Why not do it that much more efficiently?” The Big Problem Transportation is responsible for 14% of global greenhouse gas emissions. Imagine a delivery business that delivers to 500 locations every day with a fleet of 10 vehicles. The puzzle of deciding which vehicle goes where and in what order, while making sure the fleet operates as efficiently as possible, is extremely hard. “Every day we optimize the routes of hundreds of delivery businesses around the globe to save them time and fuel,” Marc explains. “Our mission? To make route optimization software accessible to every delivery business. We are passionate about helping businesses thrive and creating a more sustainable world. “Routific surveyed 11,246 businesses and found that 72% still plan routes manually. That means they plan routes using tools like spreadsheets, pen and paper, and Google Maps. Businesses dependent on manual route planning struggle with the consequences of inefficient routes—hours of manual route planning time and inflated delivery costs. “It’s hard work. And humans are not particularly good at it. Businesses report spending anywhere from one to three hours a day trying to plan delivery routes – many of which are not efficient nor optimal.” This is where route optimization software can help. “Aside from saving the manual route planner a lot of time, we also cut mileage and drive time by 20%-40% by generating more efficient routes than humans can ever find.” The fact that most businesses are still manually planning routes is a big problem for the environment. Third-party environmental consultants estimated carbon emission reductions equivalent to planting 86 trees/year for every driver that switches over from manually planned routes to one optimized by Routific. In 2019 alone, Routific helped delivery businesses around the world save 11,322 tonnes of greenhouse gas emissions, the equivalent of planting more than 500,000 trees. More Information: https://routific.com/

Routific uses AI to cut mileage and drive time by 20%-40%. Marc Kuo is the Founder &amp; CEO of Routific. He is a routing expert with nearly a decade of experience in last-mile logistics. But he didn’t always work in logistics. “Being a fresh grad out of school, I just wanted to get into either management consulting or investment banking, simply because of its prestige,” Marc told me. “I was ambitious. I wanted to aim for something challenging. “Once I was in finance, I was on the equity trading floor for one of the investment banks in Hong Kong. It was a glamorous dream job. I was sitting on the fifty-first floor of one of the tallest skyscrapers in Hong Kong. But I just felt a little empty. I was quickly disenchanted by this glamorous job and the corporate life. “I wasn’t adding much value to society, using algorithms to move money from the retired pensioners to the rich bankers. I didn’t feel like it was value added to society.” After being on the job for a year, Marc decided to go back to what he studied in graduate school. He wrote his thesis on route optimization algorithms. From his perch on the fifty-first floor, he watched the ships, trucks, and logistics in the harbor. “I felt a calling to move physical goods and rout them more efficiently. Physical goods are being moved anyway. Why not do it that much more efficiently?” The Big Problem Transportation is responsible for 14% of global greenhouse gas emissions. Imagine a delivery business that delivers to 500 locations every day with a fleet of 10 vehicles. The puzzle of deciding which vehicle goes where and in what order, while making sure the fleet operates as efficiently as possible, is extremely hard. “Every day we optimize the routes of hundreds of delivery businesses around the globe to save them time and fuel,” Marc explains. “Our mission? To make route optimization software accessible to every delivery business. We are passionate about helping businesses thrive and creating a more sustainable world. “Routific surveyed 11,246 businesses and found that 72% still plan routes manually. That means they plan routes using tools like spreadsheets, pen and paper, and Google Maps. Businesses dependent on manual route planning struggle with the consequences of inefficient routes—hours of manual route planning time and inflated delivery costs. “It’s hard work. And humans are not particularly good at it. Businesses report spending anywhere from one to three hours a day trying to plan delivery routes – many of which are not efficient nor optimal.” This is where route optimization software can help. “Aside from saving the manual route planner a lot of time, we also cut mileage and drive time by 20%-40% by generating more efficient routes than humans can ever find.” The fact that most businesses are still manually planning routes is a big problem for the environment. Third-party environmental consultants estimated carbon emission reductions equivalent to planting 86 trees/year for every driver that switches over from manually planned routes to one optimized by Routific. In 2019 alone, Routific helped delivery businesses around the world save 11,322 tonnes of greenhouse gas emissions, the equivalent of planting more than 500,000 trees. More Information: <a href="https://routific.com/" rel="nofollow" target="_blank">https://routific.com/</a>

Delivering Efficiency with Marc Kuo, Routific

When building a startup, most entrepreneurs can’t predict market trends eight years into the future. For Marc Kuo, mastering world-class delivery algorithms for almost a decade couldn’t have paid off at a better time. “The timing for this whole on-demand delivery ‘fad’ is lucky. I did not see that the industry would be here today.” Marc is the Founder and CEO of Routific, a route optimization solution for delivery businesses. Graduating cum laude with a masters degree in operations research from Erasmus University in the Netherlands, Marc is an expert on advanced route optimization algorithms. Marc’s experience in the field of logistics led him to realize the inefficiencies in delivery algorithms, spawning his idea to create a world-class software that was accepted into Techstars in 2015. In this week’s #StartupPodcast, host Rivers Corbett talks to Marc about the story behind his leading company. You’ll learn why after growing up in the Netherlands and working internationally, Marc decided to start-up and make a home in Vancouver, Canada.  This podcast is brought to you by Quickbooks Online, Mastercard, Rogers, UPS, PayPal, Rebel.com and Scotiabank – your partners in growing your business. The post Building a Global Software Scaleup with Marc Kuo – January 10, 2017 appeared first on Startup Canada.

When building a startup, most entrepreneurs can’t predict market trends eight years into the future. For Marc Kuo, mastering world-class delivery algorithms for almost a decade couldn’t have paid off at a better time. “The timing for this whole on-demand delivery ‘fad’ is lucky. I did not see that the industry would be here today.” Marc is the Founder and CEO of Routific, a route optimization solution for delivery businesses. Graduating cum laude with a masters degree in operations research from Erasmus University in the Netherlands, Marc is an expert on advanced route optimization algorithms. Marc’s experience in the field of logistics led him to realize the inefficiencies in delivery algorithms, spawning his idea to create a world-class software that was accepted into Techstars in 2015. In this week’s #StartupPodcast, host Rivers Corbett talks to Marc about the story behind his leading company. You’ll learn why after growing up in the Netherlands and working internationally, Marc decided to start-up and make a home in Vancouver, Canada. This podcast is brought to you by <a href="http://quickbooks.intuit.ca/startright/index.jsp" rel="nofollow" target="_blank">Quickbooks Online</a>, <a href="https://www.masteryourcard.org/" rel="nofollow" target="_blank">Mastercard</a>, <a href="http://www.rogers.com/consumer/home" rel="nofollow" target="_blank">Rogers</a>, <a href="https://www.ups.com/content/ca/en/bussol/browse/cat/small_bus.html" rel="nofollow" target="_blank">UPS</a>, <a href="https://www.paypal.com/ca/webapps/mpp/merchant?&amp;PID1=stCVxiUYJ%7Cdc;72593487282;paypal%20canada;e;;eu84e2fpi0&amp;kw=paypal%20canada&amp;adgroup=PayPal_Canada&amp;creative=72593487282&amp;matchtype=e&amp;PID2=tCVxiUYJ&amp;network=g&amp;adposition=1t1&amp;target=&amp;devicemodel=&amp;campaign=CA_TSA_SMB_TM_Search_PayPal_General_EN&amp;adtype=&amp;geo_region=NA&amp;geo_country=CA&amp;ct=SMB&amp;obj=Acquisition&amp;ch=SEM&amp;tt=&amp;mv=google&amp;gclid=CPDxk6-S_tECFd61wAodCA4C8g&amp;mpch=ads&amp;rftp=4&amp;srce=cnvr&amp;ercc=27723-207315-2056-1&amp;spid=811003433433101599" rel="nofollow" target="_blank">PayPal</a>, <a href="https://www.rebel.com/" rel="nofollow" target="_blank">Rebel.com</a> and <a href="http://www.scotiabank.com" rel="nofollow" target="_blank">Scotiabank</a> – your partners in growing your business. The post <a href="https://www.startupcan.ca/2017/01/building-global-software-scaleup-marc-kuo-january-10-2017/" rel="nofollow" target="_blank">Building a Global Software Scaleup with Marc Kuo – January 10, 2017</a> appeared first on <a href="https://www.startupcan.ca" rel="nofollow" target="_blank">Startup Canada</a>.

Building a Global Software Scaleup with Marc Kuo – January 10, 2017