Globally, the logistics sector has hundreds of thousands of companies operating in an industry that is widely considered poised for major change.
According to analysis carried out by the World Economic Forum and Accenture, digitalisation threatens to fundamentally disrupt logistics but could also unlock $4 trillion of value for the industry and wider society.
ASX listed Yojee Limited (ASX: YOJ) has set itself the mission of bringing logistics companies into the digital era, much the same way
the web browser enabled e-commerce.
Yojee, with offices in both Singapore and Perth, is a future ready platform technology company developing powerful logistics and supply chain management capabilities via its world-class block-chain secured software and expansive partner network across South East Asia and Australia.
Yojee Limited entered the public arena via reverse takeover in June 2016.
“We are implementing a unique, highly scalable true collaborative economy platform and already have some marquee customers,” explained Managing Director Ed Clarke.
“Our platform aggregates and optimises existing logistics businesses already delivering across the planet to create a huge geographical capability for Yojee to move its freight and parcels efficiently and securely. Lion Group, the biggest commercial airline in South East Asia, has already licensed our software along with some other key partners across the region.
“We have already proven ourselves to have world class logistics software, which we have made attainable to small and medium businesses via Yojee’s proprietary platform, enabling them to become more profitable and more operationally effective.
“Our mission is to bring the hundreds of thousands of logistics companies into the digital era, just as the web browser enabled e-commerce. We provide a global platform which provides presence, optimisation and collaboration in a market with absolutely huge revenue opportunities available to those businesses that are more efficient.”
Couriers, delivery staff, trucking companies, freight forwarders can utilise Yojee’s software to enhance their own business and access new jobs from the wider network.
“The more participants, the stronger the Yojee network.”
Yojee’s partners and customers span nine countries across two continents, and include 590 warehouses and more than 33,000 vehicles.
Yojee Artificial intelligence (AI) and autonomous dispatch enables massive cost savings, while far more intelligently managing vehicles through complex algorithms and machine learning, driving greater efficiency and more revenue opportunities at any scale. Yojee’s unique intelligent dynamic routing, clustering and job assignment processes can remove hundreds of thousands of dollars of costs and increase fleet productivity.
Yojee is implementing a blockchain as well as traditional payment methods and COD to prepare the platform for a more digital future in logistics and trade. The Yojee blockchain enables intelligence security, trust and efficiencies which has seen shipping lines, freight forwarders and other large industry stakeholders show interest.
In March of this year, the company announced it had signed a Memorandum of Understanding with Indonesian logistics company Lion Group. The focus of the partnership is to establish a modernised logistics solution that can provide the 250 million people in Indonesia, one of the worlds fastest growing digital economies with some of the most progressive and intelligent customer experiences, including digital tracking, customer notifications, and multiple payment options, along with a range of delivery options.
Yojee has also recently successfully completed a share placement, raising $3.9 million from new and existing shareholders, with the funds earmarked to accelerate the Company’s business development activities and for working capital purposes.
The business has a highly experienced management team, with experience in successfully driving start-ups throughout Asia.
“We have very clear objectives for the next two years: to complete 500,000 deliveries; secure 200 software clients; provide efficient cross border logistics operations; strengthen our position and continue to enhance our presence in the SE Asian logistics market.”
With a strong, established footprint in Asia, growing revenue and a ‘first mover’ advantage, Yojee is well positioned to deliver.