There are 3 Companies in Lithuania
that provide Warehousing & Distribution Services!

In the past 10 years, Lithuania developed its IT industry and infrastructure. Projects like e-Lithuania, e-residency, and VR Lithuania among others, transformed the country into a fully digitalized hub in the Baltic region. 

The IT sector itself plays an important role in the Lithuanian economy, registering a 739 millions Euros turnover in 2020. Also, ~4.0% of the entire Lithuanian workforce is enrolled in the IT industry, for those 4200+ digital companies that export their services in 130 countries. 

Why working with Lithuanian IT companies

Essential e-solutions in Lithuania that enable the digital society to function smoothly were all built by local Lithuanian companies. This enhances the reliability of Lithuanian IT companies not only locally but also worldwide - about this we will relate a bit later. 

The already built digital system in Lithuania, already tells a lot about Lithuanian IT companies that perform excellently, and are becoming more and more attractive not only for companies but also for skilled professionals that are enjoying preferential conditions. 

So, after all, why you should work with Lithuanian IT companies?! 

• Skilled workers - that provide high-level digital services

• Open market - that facilitate and ease the access to IT resources and companies services

• Low taxes - compared with other European countries, Lithuania helps local IT and tech companies generate sales, by cutting taxes - which can reflect a lower price/project for the end customer

• Healthy business environment  - a well-established communication between businesses is assured 

What you should pay attention to when working with Lithuanian IT companies

However, working with Lithuanian IT companies can be also tricky. Even though the post soviet reminiscences are not visible, you still can hit Russian Lithuanians that are providing the same IT services, but on a relatively lower quality, and in a very specific manner. Roughly, some of the companies are only benefiting from the developed IT environment in Lithuania, but don’t follow the same guidelines as the wide majority of companies do. 

Another challenge is the limited human resources that Lithuanian companies can have. The country’s population is just above 3 million people and 6% of it is simply not enough to cover all market demands, so possibly it would be difficult to find an available IT company based in Lithuania to take a big project or so. 

How developed is Lithuanian IT Infrastructure

Lithuania ranks among the top European countries with the highest IT infrastructure. As mentioned previously, its digital transformation made the country one of the regional leaders in innovation. But even so, the country is still not done yet with developing its IT capabilities. 

How does the Lithuanian IT industry perform compared to the neighboring countries?

In the Baltics, Lithuania is a detached leader in IT. Latvia and Estonia are behind simply because they focused on developing other sectors. But the Lithuanian performance is also motivated by people’s attachment to digital technologies.  The continuously growing number of digital agencies confirms once again that Lithuania ranks better than neighboring countries. 

But speaking about Lithuania as an extension to Europe’s northern region, the country is in tight competition with Latvia and Estonia, which also find themselves somewhere in the first half of the European IT community. 

Compared with those two countries, Lithuanian companies will rather provide lower prices for their IT and digital services and products, but at the same time, Lithuania has way more limited resources than Estonia or Finland. 

All in all, Lithuania is a great country to consider for digital projects, and local companies' rich experience with digital transformation can make a difference in their projects. 

Lithuania's Tech in 2022 - Update

Considering the progress Lithuania made throughout the last 3 years, is no wonder that 2022 will be another good period for the ICT and especially local IT companies. Lithuania is abundant with news and tech-related events meant to  encourage startups and entrepreneurship. As a direct result of continuous efforts invested in ICT, Lithuania got the #10 global position in FinTech and has over 42K ICT specialists employed in the tech sector as of December 2021. With this speed, Lithuania is estimated to become more than just a competitive country in the region. 

Warehousing & Distribution services involve the management and storage of goods and products, as well as their efficient distribution to customers or retail outlets. These services encompass a wide range of activities, including inventory management, order processing, pick and pack services, shipping, and last-mile delivery. Warehousing & Distribution is an essential component of the supply chain process, ensuring that products reach their intended destinations in a timely and cost-effective manner.

When a company needs Warehousing & Distribution services, it has several options to consider:

• In-House Warehousing: Companies with significant warehousing needs and resources may choose to establish their own in-house warehousing facilities. This option allows for greater control over the storage and distribution process.
• Third-Party Logistics (3PL) Providers: Many businesses opt to partner with specialized third-party logistics providers. These 3PL companies offer comprehensive Warehousing & Distribution services, allowing businesses to outsource logistics functions and focus on their core competencies.
• Specialized IT Companies: Some companies offer specialized IT solutions and software for optimizing warehousing and distribution processes. These solutions may include inventory management systems, warehouse management software, and logistics analytics platforms.

Taking Warehousing & Distribution services from a specialized IT company or a digital agency can bring numerous benefits to businesses. First and foremost, these companies offer expertise in logistics management and supply chain optimization. They have access to advanced technologies and analytics tools that can streamline warehousing operations, reduce costs, and improve overall efficiency.

Additionally, specialized IT companies and digital agencies can provide valuable insights and recommendations for process improvements. They can identify bottlenecks and inefficiencies in the supply chain, allowing businesses to make data-driven decisions to enhance their warehousing and distribution strategies.

Choosing the best Warehousing & Distribution service provider for a project requires careful consideration of several criteria:

• Expertise and Industry Experience: Look for providers with a proven track record in providing Warehousing & Distribution services. Assess their experience in handling similar projects and their ability to meet your specific logistics requirements.
• Technology Capabilities: Evaluate the provider's technological capabilities, including warehouse management systems and logistics software. Ensure that their solutions align with your business needs and can integrate seamlessly with your existing systems.
• Scalability and Flexibility: Choose a provider that can accommodate your business's growth and changing needs. Scalability and flexibility are crucial factors, especially if you expect fluctuations in demand or seasonal variations.
• Geographic Coverage: If your business operates in multiple regions or countries, consider a service provider with a broad geographic coverage. This ensures that your products can be efficiently distributed across various locations.

TechBehemoths.com is a valuable resource for finding the best Warehousing & Distribution companies for your projects. With over 53 companies listed on the platform providing Warehousing & Distribution services across 17+ countries, TechBehemoths.com simplifies the search process. The platform provides detailed company profiles, client reviews, and ratings to help you evaluate and compare different service providers.

Two reasons why you should use TechBehemoths to find the right Warehousing & Distribution service provider for your needs:

• Extensive Network of Logistics Companies: TechBehemoths.com offers a vast directory of Warehousing & Distribution companies from various countries and regions. This allows you to explore a diverse set of options and find a provider with expertise in your specific industry or location.
• Verified Information and Reviews: TechBehemoths.com ensures reliable and unbiased information. The platform features detailed company profiles, client reviews, and ratings, providing insights into the capabilities and quality of services offered by different providers. This transparency helps you make informed decisions based on real experiences from other organizations.