Last-mile logistics is one of the biggest issues facing ecommerce businesses today. Amazon has spent billions on the issue overseas, while Australia Post’s ‘Shipster’ aims to solve the issue locally. GetSwift (ASX:GSW) offers its patented technology to corporate customers to drive efficiency in the last-mile.
Neil Carter, Head of Active Equities at IFM Investors, says that a technological development called Application Programming Interfaces (APIs) have allowed GetSwift to achieve incredible internal efficiency. “With a relatively small team, about 20-25 of them, they’re in 66 countries around the world.”
Hear how this small Australian technology company is on target to conquer the world.
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How does their algorithms compare to Uber's?
Listening to this again, the two (2) enterprise customers they were expecting to bring on-board were Yum! Brands and Amazon. Apart from the impact of these two names on revenues and operating cash flows, it gives a whole new layer of credibility to this company.