|Name: Evan Schumacher Title: CEO Company: Celarix Inc., Cambridge, Mass. Goal: "Provide visibility to inventory and shipments around the world in the electronics, retail and high-tech industries."|
Upon completing his M.B.A. from the Kellogg Graduate School of Management at Northwestern University, Schumacher went to work for shoe retailer Stride Rite Corp. and manufacturer L.A. Gear Inc. as a "logistics geek." There he honed his expertise before moving on to shipping and logistics company Celarix Inc. 2Â½ years ago.
Today, he leads a 150-person Internet-based operation that specializes in tracking shipments for companies with revenues of $1 billion and greater. The 31-year-old CEO is passionate about spreading the gospel of the importance shipping plays in conducting e-commerce.
"Logistics is one of the oldest professions, and 10% of the world's gross domestic product is tied up in logistics," Schumacher said. "The Internet seemed a better way than client-server applications to solve the global problem of logistics management."
So far, so good. Such customers as Agilent Technologies Inc., Converge Inc., Abercrombie & Fitch Co., Lowe's Companies Inc., Sharp Electronics Corp. and ShopKo Stores Inc. have paid between $300,000 and $2 million for Celarix's proprietary logistics systems. The company has also raised $59 million in venture capital and is expanding into Asia and Europe.
"This is a global problem we're trying to solve, and I think you'll see us continue to grow internationally through acquisition," Schumacher said.