Logical Logistics
Forbes Indonesia|March 2020
Warehouse and trucking platform Waresix aims to connect warehouse owners with B2B suppliers throughout the country
Robert Yota

Logistics expenditure consumes as much as 24% of Indonesia’s GDP, which is considerably higher than the remaining three most populated countries in the world, which average only 10% of GDP. In comparison, China’s logistics costs amount to 12% of its US$12 trillion GDP, India’s logistics amount to 14% of its $2.6 trillion GDP and the United States’ logistics costs amount to 8% of its $19 trillion GDP as we enter 2020. With Indonesia’s growing need for efficient and reliable logistics, SaaS-based (software as a service) warehousing and trucking platform Waresix invites warehouse and truck owners to join its marketplace to be connected with business-to-business (B2B) suppliers.

“Our value proposition is for both the warehouse and truck owners, as well as the suppliers registered on our platform to increase their asset utilization, efficiency, and cost reduction. Furthermore, our large logistics network is one of the biggest in the country,” says Andree Susanto, co-founder and CEO of Waresix.

Founded in September 2017, Waresix’s clients consist mostly of industrial, construction, and fast-moving consumer goods (FMCG) companies, with 80% of the company’s revenue coming from these three sectors. As of now, 99% of Waresix’s clients are both B2B suppliers and B2B warehouse providers. Furthermore, the company’s biggest clients are high-profile corporations such as Unilever and Siam Cement Group (SCG).

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM FORBES INDONESIAView All

The Prophet and Her Profits

CATHIE WOOD has leveraged her zealous belief in innovation into a $29 billion-in-assets investment firm and a $250 million net worth. Among her predictions: Tesla will build a fleet of robo-taxis worth $1 trillion.

6 mins read
Forbes Indonesia
February 2021

Why Investors in 2021 Need to Bet Against the Usual VC Dogma

It is now just over a year into the COVID-19 pandemic, and at a glance, early data from venture capital (VC) investing activity in 2020 paints a rosier picture than the gloom and doom that was foreshadowed during the first wave of cases. US VC investment activity totaled $156.2 billion last year, up from $138.1 billion in 2019. It was the first time funding has surpassed $150 billion, said Pitchbook. Full-year numbers for ASEAN are not in yet, but based on an August report by Cento Ventures, the first half of 2020 saw $5.6 billion invested, lower than the $6.4 billion in the first half of 2019.

4 mins read
Forbes Indonesia
February 2021

MAKING MILLIONS FROM BEZOS' BILLIONS.

Deep-pocketed investors are rushing to bet on Amazon’s third-party sellers. The stampede will change retail forever.

10+ mins read
Forbes Indonesia
February 2021

THE LOOMING SPAC MELTDOWN

What’s driving SPAC mania on Wall Street? Not the billionaires and bankers making headlines daily, but a mob of little-known hedge fund investors, the “SPAC Mafia,” who are incentivized to gobble up these opaque public offerings with little concern over whether they ultimately succeed or fail.

10 mins read
Forbes Indonesia
February 2021

Killing It

Ryan Hogan and Derrick Smith are cashing in on the pandemic’s deadly combination of boredom and screen fatigue by selling immersive murder mysteries packaged in monthly subscription boxes.

3 mins read
Forbes Indonesia
February 2021

The Remote-Work Absolutist

GitLab CEO Sid Sijbrandij built a developer-tool business valued at nearly $3 billion without maintaining any offices. Now he’s warning companies against doing telecommuting halfway.

4 mins read
Forbes Indonesia
February 2021

Health vs. Wealth

The world is awash in cheap antibiotics. So why is biotech billionaire Bob Duggan trying to make a new one—and how can he possibly make money from it?

4 mins read
Forbes Indonesia
February 2021

WOMEN IN TECH

IN THE DIGITAL ERA, STEM (Science, Technology, Engineering, and Mathematics) jobs are expected to grow exponentially in the near future. While it's already challenging to fill in the positions with qualified individuals, attracting women's talents to the industry is even more challenging. According to the non-profit organization American Association of University Women (AAUW), women in the US make up only 28% of the workforce STEM, and men vastly outnumber women majoring in most STEM fields in college. The gender gaps are exceptionally high in some of the fastest-growing and highest-paid jobs of the future, like computer science and engineering.

5 mins read
Forbes Indonesia
February 2021

High Rise

Zuo Hui has built KE Holdings into China’s largest platform for residential property transactions and services. And he sees plenty of growth ahead.

6 mins read
Forbes Indonesia
February 2021

BREXIT Done: Time For a UK Trade Reset

On December 31, 2020, after numerous stalls in discussions and negotiation deadline postponements, the United Kingdom exited its transition arrangements with the European Union – BREXIT was officially completed. Few will remember when the UK originally joined the Common Market, and fewer still may be aware that it was British World War II Prime Minister, Sir Winston Churchill, who in 1946, conceived of the idea of an ‘United States of Europe’, as a measure to prevent future wars on the continent.

5 mins read
Forbes Indonesia
February 2021
RELATED STORIES

Readers Choice: Best Destinations For Photography

Species diversity, ideal in-water conditions and weird wonders earn these destinations top honors

8 mins read
Scuba Diving
September/October 2020

Where Vaccine Hopes Run High

Indonesia is the site of one of the leading trials. It’s eager to take the risks

6 mins read
Bloomberg Businessweek
September 21, 2020

VOTING DAY around the World

When it comes to elections in the United States, it’s pretty certain that most people will be voting on a Tuesday. The custom of voting on a Tuesday in November was established when many Americans were farmers. By November, the growing and harvesting seasons were over making it easier for farmers to leave their work and go vote.

2 mins read
Faces - The Magazine of People, Places and Cultures for Kids
September 2020

One Child Fund

Indonesia Children’s Home

1 min read
White Wing Messenger
September 2020

TRAVEL TIPS: INDONESIA

Get the most out of your next dive trip

1 min read
Scuba Diving
July 2020

Voyaging Skills

Two sailors with a thirst for voyaging

10+ mins read
Ocean Navigator
Ocean Voyager 2020

Into the Wild

Connect with Borneo’s orangutans and the people dedicated to conserving them and their habitat.

4 mins read
Global Traveler
April 2020

In Defense Of Traffic Jams

Gridlock is the bane of all commuters. But when congestion reaches pure, unadulterated chaos, the effect can be sublime.

3 mins read
Men's Journal
January - February 2020

Panasonic Leaves Semiconductor Business With Taiwan Sale

Japanese electronics manufacturer Panasonic Corp. is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company.

1 min read
Techlife News
November 30, 2019

Paying With Plastic

A woman collects plastic on Sanur Beach to supplement her income

5 mins read
Bloomberg Businessweek
November 04, 2019