The UK company have developed, patent pending, a navigation based digital technology, that solves a very big and growing global problem, billions of pounds are being lost globally on delivery errors, the product can cut fuel costs, reduce carbon emissions and improve delivery times saving up to 30%, it also leaves the drivers less frustrated.
The company are well underway in supporting the product delivery for retailers in the UK, research has shown that e-commerce in the UK is worth £10b, yet British retailers alone lost a staggering £771m last year on missed deliveries.
The scope to solve so many other global logistic problems are enormous.
The savings in fuel spent trying to find locations for delivery of goods is significant, so the effect on the growing global carbon footprint in logistics will be reduced.
It was estimated that there were 49 billion “delivery miles” driven in 2016. The product can improve delivery accuracy and if it could save just 5% off this figure the fuel savings would be significant and the carbon footprint reduced.
The "last mile" is the market opportunity where businesses involved with e-commerce have their focus - when deliveries go wrong.
For delivery drivers it means no more wasting time searching for a hard-to-find address (and deliveries in darkness are no longer a problem). Health workers can get to patients faster. Municipal workers will always be able to find the location of essential repairs first time, the positive impact across various sectors in reducing delays in delivery times are endless
The company has a Patent Pending technological solution that stands unique in the Geo location market, Geo location establishes address verification, providing pin point accuracy that has not been seen before.
The company are ready to grow internationally and are seeking partners who may like to take advantage of this new technology and licence for use.