REPOWR’s COVID Pivot: Turning Market Crisis into Opportunity in the Logistics Industry
When COVID-19 hit, most logistics companies faced unprecedented challenges. But for REPOWR, the pandemic’s aftermath created a unique opportunity to solve an industry-wide crisis. In a recent episode of Category Visionaries, co-founder Patrick Visintainer revealed how they turned market disruption into a catalyst for growth.
The Pre-COVID Landscape
Before COVID, the logistics industry was already facing significant inefficiencies. “97% of the trailers in the market are owned by just 3% of the fleets in the market,” Patrick explains. This concentration meant that “75% of a trailer’s lifespan is spent detached from a truck, meaning it’s not moving, it’s not making money.”
The COVID Catalyst
The pandemic created a perfect storm of market conditions. “Coming out of Covid-19 everything was dead. And then in 2021, the economy went crazy,” Patrick recalls. This sudden surge in demand exposed critical weaknesses in the supply chain, particularly in trailer capacity.
The timing proved serendipitous for REPOWR’s marketplace solution. When manufacturers couldn’t produce trailers fast enough and leasing companies ran out of inventory, REPOWR offered an alternative: connecting companies with idle trailers to those desperately needing capacity.
Rapid Response and Adaptation
REPOWR’s ability to quickly adapt to market needs proved crucial. “We found opportunities with trucking companies that own these assets, and they had to rebalance their trailer pools, and so we would just post them onto our platform,” Patrick shares. This simple solution addressed an urgent market need.
The results were immediate: “I think we did half a million dollars in the first six months.” This early traction provided the validation and case studies needed to attract more enterprise customers.
Building for Market Volatility
Rather than treating the COVID surge as a temporary opportunity, REPOWR built their platform to handle market volatility. “Marketplaces and just supply chain is very volatile. It flips one quarter, we’ll be looking for more supply the next quarter, more demand,” Patrick explains.
This adaptability became a core strength. Instead of rigid solutions, they focused on building flexible capacity that could adjust to market conditions. Their approach helped companies “turn an expense into revenue for these trucking company owners and getting those trailers to a market where they actually needed them.”
Sustaining Growth Beyond the Crisis
Even as market conditions normalized, REPOWR maintained their growth trajectory. “What’s been really cool to see is, as I mentioned, in 2021, when the market was the best it’s ever been, that’s when we saw really quick growth. And now we’re at a different point in time where the market has slowed down, but the demand for trailers is still there.”
Their focus on customer relationships helped sustain this growth. “We’re spending a lot of time with our customers. We’re asking them questions, how can we better? What do you need from us?” This approach helped them continue evolving their product to meet changing market needs.
Looking Forward
Today, REPOWR works with “18 of the top 25 largest asset based fleets” and has “over 10,000 carriers on our platform,” achieving 200% year-over-year GMV growth. Their success during and after the COVID crisis offers valuable lessons for founders facing market disruption:
- Focus on solving immediate customer pain points
- Build flexible solutions that can adapt to market volatility
- Maintain close customer relationships to evolve with market needs
- Use crisis-driven growth as a foundation for sustainable expansion
For B2B founders, REPOWR’s story demonstrates how market disruption, while challenging, can create opportunities for innovative solutions that outlast the initial crisis.