Logistics Startup Cargamos Names Yohan Powell As Chief Financial Officer and Co-Founder
Having embraced e-commerce during the pandemic to an unprecedented degree, Latin America now struggles with logistic inefficiency. The region’s formidable geography, sprawling urban landscapes, and onerous traffic contribute to considerable growing pains in the sector.
Mexican startup Cargamos looks to alleviate these issues by providing an end-to-end logistics platform that helps businesses deliver faster, more sustainably, and more affordably.
Today, the leading next-day logistics and delivery platform announced the appointment of Yohan Powell as Co-founder and Chief Financial Officer to help with these efforts. With the former strategic officer from McKinsey getting on board, the company will be able to scale its operations and make a significant contribution to LatAm’s growing potential as an important contributing factor in the international supply chain.
Local Solutions That Have Global Impact
Cargamos arguably offers the best next-day shipping solution in LatAm by connecting retailers and independent shipping carriers to its unique last-mile technological infrastructure strategically located in high proximity junctions in the region.
By bringing on Yohan Powell as Co-Founder and CFO, the tech company will be able to brandish his financial savvy to scale operations, providing local solutions that have a global impact.
Yohan’s financial strategic expertise spans more than 15 years, including a decade as an investment banker with Macquarie’s M&A and Private Equity divisions in London, Sydney, Paris, New York, and Mexico City, advising clients from all over the world on more than 50 transactions ranging in value from $100M to $2B.
Yohan, who began taking on duties as CFO in March, also worked at McKinsey in Mexico City for more than two years, helping startups and traditional LatAm companies to scale and capitalize on their existing assets to create successful ecosystems. At Cargamos, he will help to accelerate the company’s strategy and finance department, central functions, and oversee mergers, acquisitions (M&As), and fundraising initiatives.
“I am thrilled that Yohan is joining the executive team of Cargamos. He brings extensive experience in leading operations and has successfully driven several substantial growth programs throughout his career,” said Ivan Ariza, Chief Executive Officer of Cargamos.
“Yohan’s experience in consulting and investment banking will provide our company the structure and best practices we need to support our ambitious growth strategy”.
Overcoming LatAm’s Current Supply Chain Challenges
One of the biggest challenges that the LatAm region still battles is its lack of the state-of-the-art technology needed to complete the most basic of delivery services on the ground floor.
Even before the pandemic, last-mile delivery services were already the biggest cost-driver in the global supply chain—comprising 53% of overall costs—causing even more turmoil for LatAm’s supply chain and its deficiency of these necessary resources.
By offering pick-up and delivery programs tailored to the region, Cargamos is helping build more sustainable and efficient delivery systems in LatAm. The company’s efforts not only support the local logistics sector but also boost small businesses in the region that do not have the necessary equipment to ship on their own.
“I am very excited to be joining CARGAMOS at this important time and during a vital stage in the company’s growth,” Yohan said of the appointment. “I look forward to working with their team as we unlock the potential of eCommerce in Latin America.”
With companies like Cargamos, equipped with the guidance of experienced professionals such as Yohan, a high-density, next-day delivery network at zero cost to the consumer can be generated in LatAm—helping to cement the region’s position in the global delivery network.
Disclosure: This article mentions a client of an Espacio portfolio company.