LOGISTICSX Platform ǀ Challenged and Opportunities
Introduction of LOGISTICSX platform
LOGISTICSX platform aims to utilize the technology of block-chain to make a decentralized system that will undertake the challenges in the last mile logistics. It's envisioned that the nature trustless of the platform will offer the foundation for a harmonized system among the different stake holders involved in the last mile procedure such as the E-commerce retailers,3rd party logistics organizations, free-lancer couriers (Runner), collection points (Parker), and parcel recipients. LOGISTICSX platform envisions to set onward the worldwide familiar standard for the links between logistics stakeholders to boost efficiency in a worldwide parcel delivery system.
Challenged and Opportunities
• Development in Global E-Commerce
E-commerce has to turn out to be a vital aspect to users. Over the last four years, E-commerce has seen 25 percent year on year development to turn into a $2.3 Trillion USD sector. A boosting range of e-commerce systems has emerged to displace conventional retailers as they advantage from on the convenience afforded by boosted connectivity. Uses today enjoy the advantage of discovering and buying almost anything and having it supplied within hours or even in moments.
This sector is forecasted to develop even more to 4.5 Trillion USD by 2021, a wide 246 percent boost from 2014, driven by enhancing telecommunications frameworks and growing affluence in growing states between other actors.
In China, the yearly 11-11 one day carnival by ALIBABA set one more record by topping over 25 Billion USD of items sales with a single day. This represents a great 39 percent boost as compared to sales figures in the previous year 2016. The development in worldwide e-commerce will likely drive the wide demand for a super last mile delivery solution. In 2017, alone over 65 Billion parcels were delivered around the world, that constitutes a 48 percent boost compared to 2015, this is expected development even more quickly due to the e-commerce explosion. E-commerce systems will be looking to enhance how they complete orders efficiently and perfectly on a wide scale.
• Potential for Financial Empowerment
The sharing financial system has given a technique to combat the growth of urban poverty and to spur financial empowerment. According to the report from JP Morgan, working for sharing financial system firms can increase an individual's revenue by up to 15 percent. The sharing financial system has provided careers individuals outer the main stream employment marketplace and is seeming for a way back. This adds working presents who were shut out of the market sector due to childcare expenses and logistics, as well as learners and shift staffs that are trying to make ends meet.
On the other hand, Mortar and Brick retailers are being disrupted, a net boost in jobs is remain seen in the commercial sector, in spite of the intro of robots as well as automation. Based on this growing policy institute, the increase in E-commerce and ware housing tasks are at least 250 percent more greater than the loss in conventional retails jobs. Over the past many years. They believe the development in worldwide e-commerce will bring about more financial options. Individuals will have more options for alternatives sources of revenue via the sharing financial system as it provides greater inclusivity and flexibility.
• Huge Headroom For Development
In2017, almost 50 percent of China's population applied to share services, linked with 26 percent of American adults. The cheeses ranges are forecasted to develop more at an average yearly rate of 30 percent over the next 5 years. Especially in the relation to e-commerce development, the Chinese sector is set for development rate of 17.4 percent yearly, linked to the 12.2 percent for the react of the world.
This can attribute a sturdy LOGISTICS framework cell phone usage that China has made over the past ten years. With more tech framework developments, particularly in growing areas like Latin America and South East Asia. Worldwide logistics solutions givers will seem to penetrate these new fields.
• Challenges in the last mile supplying field
The conventional LOGISTICS sector is facing growing pressure to keep up with the demands from e-commerce and other sectors. They have verified and oriented 3 key issues that they believe inhibit existing LOGISTICS solutions for containing up with evolutions of E-commerce.
Problems:
• Elevated Parcel Delivery Breakdown Rate (Lost Parcels or Missed Delivery)
Up to single parcel might be missed for every 5.6 parcels delivered. The elevated parcel delivery breakdown rate can be attributed to the booting mobility form an evolving lifestyle and work ways, people are more often on the go and are not able to be at the offered location for a set time to gain incoming parcels. It's observed that LOGISTICS firms in the last mile delivery field are feeling the strain on their existing fulfillment model as internet users demand for quick and super fulfillment experience. Furthermore, redelivery for missed or lost parcels greatly boosts the costs borne by LOGISTICS firms. Client dissatisfaction and growing operational expense for LOGISTICS players will drive the request for LOGISTICS solutions that shorten delivery break down without more costs.
• Low Effectiveness in Parcel Delivery
The existing spoke and hug LOGISTICS model is prone to inherent inefficiencies and delays that outcome in higher operating expense and lower margins. The Spoke and Hub model which relates delivering packets (SPOKE) from the single warehouse (HUB) to individuals houses, is adopted by most logistics firms. Any hub is normally shared by many e-commerce players with identifying collection timings that stops consolidations of deliveries to the end client.
As an outcome, operational cost for each delivery is way higher and margins are adversely affected. Moreover, LOGISTICS firms might find themselves susceptible to some delays in the Hub or some of the spokes, that further dampens packets delivery efficiency. Greater synchronization and integration among contributors is needed to additional boost the e-commerce experience to meet present users demands and to capitalize on the gains from competence developments.
• Treatment of Logistics Couriers
They think that worth is not distributed and created for every participant in the logistics system in an adequately transparent and fair manner. The wellbeing of on-demand employees, offering services as logistics couriers, have a propensity to be neglected under the present model.
With conventional sectors being disrupted by sharing financial system via the likes of AIRBNB and UBER, LOGISTICS firms are now turning to on demand drivers to save on set operational costs. Furthermore, due to the Amazon Effect, where quick deliveries are usually regarded as the norm by users, which in turn makes the need for logistics firms to hire more and demand staffs to keep up with ever rising demands. According to consulting company ALIX PARTNERS, more than one million people are working as a contractor in the on-demand space only in the USA alone.
Though, in several parts of the globe, on demand LOGISTICS couriers have publically voiced out their unhappiness of being un-smoothly treated. Their worries include unpredictable and poor revenue as delivery jobs are AD hoc, as well as the absence of job advantages such as health and unemployment insurance and sick leave.
They believe that clean and equitable value making for every contributor in the LOGISTICS system will be a core past in the next gen LOGISTICS solutions. To make their license to manage from a social viewpoint, logistic firms have to consider how they can give a sustainable welfare and income, even for on demand employees. Beyond prepared efficiencies gained from an enhanced morale, logistics firms are also liable to witness not direct societal and economic advantages made for the communities they manage in.
This is the place where LOGISTICSX platform comes in!
LOGISTICSX platform aims to develop block tech network with the aim of linking worldwide LOGISTICS stakeholders including ecommerce retailers, 3rd party logistics (three PLs), individuates handling Parker Point(Parkers), individuals couriers delivering packages (Runners) and package recipients in a shared trust free system. LOGISTICSX platform will look for to demonstrate how block technology can be applied to solve all the challenges and tap on the opportunities as described in the preceding part. Based on an available report by Accenture and DHL, block chain tech has shown possible capabilities to progress the traceability and transparency in the last mile logistics network.
This will potentially let more and more parties to be involved in a trustless system. Over the last 2 years, their team has experienced the many challenges and pain points as described in the upper section. they saw the pressing need to make a worldwide solution in order for logistics firms to meet the demands of the future. Therefore, armed with their collective experience and knowledge, the team set out to utilize block chain tech to solve the pressing challenges and valve on the opportunities presented on top of through the implementation of the LOGISTICSX platform.
Further information
• Platform: ICON
• Token: PNP
• Price: one PNP = USD 0.04
• White list/KYC: KYC and White list
• Accepting: BWX, ETH and ICX
• Country: Singapore
• Hard cap: $11,000,000 USD
• Soft cap: $2,000,000 USD
• Restricted areas: China and USA
Token Allocation
• Team and advisors: 15 percent
• Token sales: 40 percent
• Community reserves: 20 percent
• Company reserves: 20 percent
• Partnerships and Expansions: 10 percent
• Listing fees: 5 percent
• Operations: 20 percent
• Marketing: 20 percent
• Development of LOGISTICSX platform PNP network: 20 percent
For more details about the LOGISTICSX platform visit these following links:
• Official Web site: https://logisticsx.io
• Whitepaper: https://logisticsx.io/documents/LogisticsX-Whitepaper-V1.4-11-June-2018.pdf
• Telegram Group: https://t.me/LogisticsX
• Twitter: https://twitter.com/LogsXOfficial
• Medium: https://medium.com/logisticsx
Bitcointalk username and ETH address - wdtd/ 0x41253E34A9D53B1eD0a2c53e5418B607eDf6A301