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Zvi Schreiber

๐Ÿ‘ค Speaker
642 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

It's hard to remember now, but in April, this March, April of last year, suddenly it became clear that COVID was a big deal, and things happened very quickly.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

China shut its borders after Chinese New Year.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

The factories didn't come back.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

There was nothing shipping out of China, and China was half of our business.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

And then the airlines worldwide got grounded, so there was virtually no air cargo.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

All of that happened very quickly.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

It was a scary time.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

We actually went through the sad process of downsizing our team a bit because we didn't know what was going to happen.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

We went down at the time from about roughly 240 to 200.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

Okay.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

So it wasn't a huge proportion of the team, but it's always very sad when you have to do that.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

We lost some good people, but we've actually...

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

now bigger than 240.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

And in fact, in a couple of cases, the same people came back and worked with us again, which is great.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

So yeah, so that was the flip side, you know, by the time August came around last year, retail people started shopping just as much as before, in fact, more than before, albeit more e-commerce and less, you know, high street, obviously less, you know, malls.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

But so that's good for us.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

E-commerce is a good sector for us.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

So yeah,

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

Suddenly, shipping volumes were actually up and breaking records.

SaaS Interviews with CEOs, Startups, Founders
Freightos Grows GMV 800%, Exits COVID Stronger Than Ever

And that's continued till today.