The ordinary logistics trade is facing loads of pressures to stay up with the strain from e-commerce. The logisticsx team have known and made public 3 Major issues that they believe inhibit existing logistical solutions from maintaining with the evolution of e-commerce.
Official Website: https://logisticsx.io
These Major issues are
High Parcel Delivery Failure Rate - Up to one} 1 parcel could also be incomprehensible for every 5 parcels delivered. This high parcel delivery failure rate will be attributed to the increasing mobility from an evolving way and work patterns, individuals are a lot of typically “on-the-go” and are unable to be at a given location for a set time to gather incoming parcels
Low efficiency in Parcel Delivery - the prevailing air transportation system supplying model is vulnerable to inherent inefficiencies and delays that end in higher operational cost and lower margins. The “Hub and Spoke” model, that involves delivering parcels “Spoke” from one warehouse “Hub” to individual homes, is adopted by most supplying corporations. every hub is sometimes shared by multiple e-commerce players with varied collection timings that stop consolidation of deliveries to the end client. As a result, operational cost per delivery is way higher and margins are adversely affected.8 Furthermore, logistics corporations might realize themselves at risk of any delays within the hub or any of the spokes, that further dampens parcel delivery efficiency.
Treatment of providing Couriers - That price is not created and distributed to any or all participants at intervals the availability scheme in a passing sufficiently honest and clear manner. The welfare of on-demand employees, providing services as provide couriers, tend to be neglected below this model. With ancient industries being discontinuous by sharing economy model through the likes of Uber and Airbnb, provide Corporation is presently turning to on-demand drivers to save|to avoid wasting} lots of on fastened operational costs
Official Website: https://logisticsx.io
LogisticsX aims to use blockchain technology to form a decentralized platform that may tackle the challenges mentioned above. it's pictured that the trustless nature of the platform can offer the inspiration for a harmonized ecosystem between the various stakeholders concerned within the last-mile method like the third party logistics companies, e-commerce retailers, logistics couriers and end recipients. With numerous technologies and association methodology used between the logistics stakeholders presently, LogisticsX envisions to set forth international|the worldwide|the world} common standard for the association between logistics stakeholders to extend efficiency in a global parcel delivery network. Further, due to the shared nature of the ecosystem, LogisticsX believes that the long-term of last mile logistics can have a lot of stakeholders concerned than the standard “Hub and Spoke” model.
Official Website: https://logisticsx.io
Freelance people are able to participate in numerous segments of the delivery method. in addition, logistics corporations will have a brand new way to redirect their deliveries to the closest Parker point to receive parcels on behalf of the end recipient. Lastly, the platform additionally aims to enhance the compensation of on-demand logistics couriers by establishing close collaborations with strategic partners like blue whale Foundation. they aim to leverage on their potential capabilities to supply freelancers operating within the LogisticsX ecosystem with a lot of comprehensive and sustainable advantages.
however, will LogisticsX disrupt the ordinary walk Delivery Sector
Introducing Freelance Stakeholders into the supply scheme
LogisticsX will introduce the conception of freelancers delivering parcels on associate ad-hoc basis between the gathering points and end recipients. Freelancers may also choose to use free areas in their homes or shops to figure parcel assortment points.
Official Website: https://logisticsx.io
creating Common international Standards between supply Stakeholders
Multiple integration standards between supply stakeholders collectively end in poor efficiency of parcel delivery. It’s common to possess e-commerce retailers to interact with multiple 3PLs for parcel delivery and contrariwise. As a result, 3PLs might serve a large array of shoppers, each adopting altogether completely different integration frameworks. This issue is further amplified once multiple 3PLs (global/regional/local) are involved, significantly for cross-border parcel delivery.
what's LogisticsX Trustless Connect?
LogisticsX will develop Trustless Connect its a decentralized system that will provide timestamping and real-time location tracking of parcels. Trustless Connect is the backbone of LogisticsX, to permit for a tamperproof international parcel tracking platform that's transparent and traceable.
Official Website: https://logisticsx.io
A lot of freelance people are introduced into the logistics ecosystem globally. With the rise within the range of stakeholders concerned in every end to finish delivery, the danger of missed parcels with a lot of hands concerned through multiple exchanges will increase. Hence, LogisticsX can leverage on blockchain technology to make sure trustiness between the varied stakeholders, because it can offer a transparent method for each stakeholder to stay track of every activity happening at intervals the scheme.
TEAM
For More Information, Kindly Visit Any Of The Links Below:
Official Website: https://logisticsx.io
Whitepaper: https://logisticsx.io/documents/LogisticsX-Whitepaper-V1.4-11-June-2018.pdf
Telegram: https://t.me/LogisticsX
Twitter: https://twitter.com/LogsXOfficial
Medium: https://medium.com/logisticsx
Author:
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