E-commerce sales are expected to reach $2.4 trillion worldwide this year, further increasing the demand on last-mile logistics. U.S. consumers, alone, are projected to spend $632 billion online by 2020 – nearly a $200 billion increase over the projected $436 billion from 2017. Up from the 1.66 billion digital purchasers in 2016, globally, over 2.14 billion people are expected to purchase goods and services online in 2021. As of December 31st, 2016 over 65 Billion parcels were shipped globally, representing a 48% increase over 2014. It is estimated that by the end of 2021 global e-commerce sales will represent an astounding $4.5 trillion dollars which is expected to exponentially increase the infrastructure demands placed on the current logistics infrastructure that is ill equipped to operate this increase in volume without a significant investment in rebuilding and expanding existing infrastructure.
As we evaluate and begin to understand the down stream implications of these rapidly changing market conditions, one must also consider the tremendous pressure that is being felt by all transitional
logistics providers. To add to the complexity of the problem, it is important to mention these specific market conditions will only amplify the level of difficulty and importance of disruptive thinking that will be needed to curb the impact felt by all.
What Is NextPakk
NextPakk is a delivery service that allows the customer to schedule delivery within a one hour window ensuring the customer is home when the package arrives. NextPakk utilizes blockchain technology to track packages, while protecting customers identity and ensuring timely delivery.
For delivery of packages, NextPakk utilizes the shared economy similar to Lyft, Uber, and AirBnB. Individuals can earn additional income on their free time by delivering packages for NextPakk.
Last-Mile Logistics
While 30% of Americans report having experienced package theft, in attempt to avoid the inconvenience of missed deliveries and lost or stolen packages from their homes, 35% of Americans ship their packages to an alternate address, resulting in extra costs, distance traveled, and increased emissions.
Last-mile delivery is an ongoing logistics puzzle as delivery companies continue to struggle with how best to manage the growing e-commerce-fueled market. The biggest challenges to the last-mile are customer driven. Incorrect address, remote locations, cramped locations, absence of the customer to receive the package, unexpected cancellations of orders and returning orders are some of the major weaknesses of last-mile delivery today. With e-commerce showing no signs of slowing down, and developing countries adding to the online shopping boom, retailers and carriers alike are looking around every corner for the solution.
According to Ed Rogers, a senior engineer with UPS who works on the last mile problem, "if we shave a mile off of every route across the U.S. every day — $50 million savings."
Ecosystem Benefits
- Retailers’ profit margins increase from fewer stolen packages
- Local stores benefit from the use of extra space
- Drivers earn extra income, using their vehicles to deliver packages
- Carriers’ profit margin increase from fewer missed deliveries and miles traveled
- Consumers gain convenience, control, and security due to fewer missed deliveries, stolen packages and limited personal information
Pakka Blockhain
Pakka blockchain is the first blockchain solution in last-mile logistics, providing a convenient, secure way to ship packages while maintaining data privacy. Operating around a decentralized sharing-economy cryptocurrency, Pakka tokens can be used to exchange value on the platform, while effectively and securely tracking packages and their chain of custody. We’ve eliminated the need for warehouses in our ecosystem. Instead, we’re supporting local businesses, as they’re paid per package received in their stores. Independent drivers have the opportunity to earn income making scheduled deliveries, while NextPakk is eradicating additional trips for missed deliveries and loss from stolen packages.
We realized four things. Firstly, last-mile is broken and can’t adapt its current methodology fast enough to accommodate the onslaught of daily packages flowing through its channels. Secondly, consumers are frustrated and dissatisfied with the last-mile in its broken state that results in missed deliveries and stolen packages. Thirdly, there’s unused space in local businesses in neighborhoods across America and the world for that matter. Finally, there are drivers willing to trade their time to earn extra income in exchange for making deliveries. So, we asked ourselves, are there local businesses out there willing to receive packages as a means of earning extra income in exchange for their unused space.
For Infomation
ANN : https://bitcointalk.org/index.php?topic=3340387.msg34956348
Website: https://app.nextpakk.com
Whitepaper: https://s3.amazonaws.com/nextpakk-assets/docs/pakka-ico-whitepaper.pdf
Facebook: https://facebook.com/nextpakk
Twitter: https://twitter.com/nextpakk
Telegram: https://t.me/nextpakk
Telegram (Bounty): https://t.me/nextpakkbounty
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