Meet LiteLink Technologies (CSE:LLT[1]), Creator of the Most Comprehensive Logistics Solution The Sector Desperately Needs
Hidden beneath the booming retail economy that’s seen e-commerce sales double over the last five years is what some call the lifeblood of the economy—LOGISTICS.
Shipping products to customers, while tracking the shipments, monitoring inventories, and minimizing losses and disruptions is big business. Last year, the third-party logistics (3PL) market grew 10.5% to $184.3 billion in the US alone[1].
At the forefront of the next industrial revolution in logistics management is LiteLink Technologies (CSE:LLT), which is aiming to capture 1% of this massive 3PL market. The company is making its move on the sector through its disruptive and innovative software platform 1Shift, which is designed to benefit brokers, shippers, and carriers.
The industry is changing rapidly, with plenty of new entrants trying to “uberify” trucking.
The result has been a flood of investment into the sector to the tune of over $1 billion in 2017.
Start-ups such as Convoy have already reached billion-dollar valuations in a short-time span. In order to remain competitive, many of the sector’s traditional players are also attempting to digitize their operations. The result has been a fragmentation, with 23% of the market now using brokers to manage their freight.
Targeting this opportunity, LiteLink Technologies (CSE:LLT) has developed a simple, powerful and painless solution with 1Shift[2] to drive just-in-time supply chains and create end-to-end efficiency. The company’s ultimate goal is to enable brokers, shippers, and carriers to manage their loads, bill of ladings, contracts, disputes and support all through a single unified platform with artificial intelligence and biometric technology.
There’s a great need for solutions in
