Term of the Week #2



What are Logistics?

Logistics is the process of planning, implementing, and controlling the efficient and effective flow and storage of goods, services, and related information from the point of origin to the point of consumption to meet customer’s requirements.

If logistics are poorly managed, it can result in a variety of negative consequences:

  1. Increased costs: Without efficient routes or methods for transportation and storage, companies could spend more money than necessary.
  2. Delays: Poorly managed logistics can lead to delays in delivery, which can upset customers and potentially lead to lost sales.
  3. Inventory issues: If there isn’t a good system in place to track products, it can lead to situations like stockouts (running out of items) or overstock (too much inventory), both of which are costly.
  4. Decreased customer satisfaction: The final delivery of goods is often the most direct contact a customer has with the supply chain, and a negative experience (such as late delivery or damaged goods) can significantly impact their overall satisfaction and loyalty.
  5. Business reputation: Inefficient logistics can damage a company’s reputation. In the age of social media and online reviews, a few negative experiences can quickly spread and deter potential customers.
  6. Lower competitive edge: Efficient logistics can give a company a competitive advantage by allowing them to deliver products faster, cheaper, and with fewer errors. Poor logistics can result in the opposite, making the company less competitive in the market.

Evoload is dedicated to revolutionize logistics through the integration of blockchain technology, driving unprecedented levels of efficiency for their clients by ensuring secure, transparent, and streamlined operations.

What is Evoload?

Evoload is a blockchain Freight Exchange platform built on the MultiversX Ecosystem, that is going to enhance and disrupt the logistical and transportation scene. The first in Europe to offer business intelligent solutions that benefit all stakeholders whilst using blockchain technology to create an unprecedented rewarding workflow.

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