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From Robots to Crowdsourcing: 6 Top Trends in Last Mile Delivery

Final mile delivery: for many companies, it’s the most expensive and challenging aspect of getting goods to consumers. Referring to the last stretch of delivery — from a transportation hub or warehouse to the final destination — various logistical issues make last mile delivery a challenge. Navigating…

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From Robots to Crowdsourcing: 6 Top Trends in Last Mile Delivery

Final mile delivery: for many companies, it’s the most expensive and challenging aspect of getting goods to consumers. Referring to the last stretch of delivery — from a transportation hub or warehouse to the final destination — various logistical issues make last mile delivery a challenge.

Navigating customer expectations, logistical route issues, and massive changes in technology create a last mile delivery ecosystem that’s fraught with challenges. At the same time, exciting new trends dictate a future that promises to be more streamlined, efficient, and customer-centric than ever before. Let’s take a closer look at the newest trends in last mile delivery.

What Drives Trends in Last Mile Delivery?

  • Customer Expectation. In our constantly evolving on-demand economy, it’s no surprise that customers demand faster, more efficient deliveries — but expect low shipping prices. Speedy, cost-effective delivery is quickly becoming non-negotiable for consumers.
  • Cost. Historically, last mile delivery costs have comprised a substantial portion of overall shipping costs, with Business Insider claiming last mile delivery accounts for 53% of the total cost of transportation. Trends in last mile delivery are driven to address inefficiencies that lead to higher costs for an already expensive aspect of shipping.
  • Logistics. Last mile delivery seeks to efficiently deliver products to the consumer, wherever that consumer may be. This means that drivers are sometimes forced to traverse crowded, narrow city streets where they face challenges based on urban infrastructure and traffic. On the other side of the spectrum, drivers delivering to rural areas drive long, inefficient distances between low-density stops.
  • Technology. As innovations in technology change the way we shop and interact with the world, more and more consumers expect to-the-minute information: text updates on order status, real-time tracking, and greater interaction with shipping data.
  • Explosive growth. E-commerce is continuously expanding. According to Statista, retail e-commerce sales are projected to reach 4.88 trillion by 2021 worldwide. Last mile delivery has to keep up with increased demand in online retail orders.

The Newest Trends in Final Mile Delivery

Though it’s hard to narrow down just a few trends in a field that’s subject to so much change and advancement we’ve compiled six of the top trends in final mile delivery. In many cases, these trends have already caught on within some companies — or soon will.

1. Warehouses in Urban Settings

In the past, it just made sense to establish warehouses in the suburbs — the cost of rent is lower, and there’s more space for a large building. However, improved final mile delivery demands that warehouses shift to urban settings. Demographically, it makes sense: around 80% of Americans and Canadians live in urban settings.

With this in mind — coupled with consumers’ push for quicker, more on-demand service — it follows that urban warehouses could resolve many pain points in the supply chain: the convenient location can help reduce the cost of holding inventory, get products to consumers quicker, and even cut down on toll and gas costs.

2. Crowdsourcing Technology for Delivery

Consumers are already making use of crowdsourcing apps for same-day delivery of food and grocery purchases — and other parcels are soon to follow suit. Already, Amazon’s PrimeNow services make use of a flexible labor force to get their deliveries out quickly and efficiently.

And the trend for crowdsourced technology extends beyond the major players in delivery. Innovative companies like PigeonShip use a team of independent drivers who do same-day deliveries for customers in their area. In addition to getting packages to consumers quicker, independent drivers can navigate crowded urban spaces that present challenges for trucks.

3. Customer Tracking of Delivery

Customers want control over their deliveries. As more and more people make the majority of their purchases online, it’s pivotal for customers to track and organize all of their expected deliveries. Since people are spending more time on their smartphones, that information must be readily-available via text and email status updates. That’s where tracking technology comes in.

A new trend in last mile delivery, real-time tracking for customers simply means that consumers get a real-time glimpse at the status of their package’s final mile of delivery. As a whole, customer tracking offers several advantages: improved customer satisfaction, better overall communication in the supply chain, and increased incentive to make speedy deliveries.

4. Robots, Autonomous Vehicles, and Drones

Delivery drones flying. last mile delivery

Big name companies like Amazon and UPS have begun experimenting with autonomous or robotic methods of solving the last mile problem — and the trend is catching on. In fact, McKinsey predicts that autonomous vehicles will handle 80% of all parcel deliveries within the next ten years.

Already, several start-ups are seeking to change the game in robotic delivery. One of these, Dispatch, is creating a fleet of autonomous vehicles that are designed to navigate sidewalks with pedestrians. As another example, Kiwi Campus designs bots to deliver food on the Berkeley, California campus (and beyond). Drone technology is poised to make rural deliveries in far-flung locations far more energy, time, and cost-efficient.

There is one important caveat to this prediction. Although autonomous vehicles and drones are taking last mile delivery by storm, McKinsey also predicts that 20% of deliveries will still be delivered via conventional means in the near future, especially in the B2B sphere.

5. Zero Emission Transport Modes

Recently, IKEA Group made the commitment to transition to 100% zero emissions in home deliveries in five cities by 2020. This announcement comes on the heals of a global push towards reducing carbon emissions across industries, transportation included. Noise, pollution, emissions, and urban crowding all make the case for transportation modes with a smaller footprint. These zero emission transport modes could take the form of:

  • Electronic vehicles
  • Bicycle couriers
  • Zero emission freights or barges
  • Autonomous vehicles and AI

This shift towards zero transmission transport modes in last mile delivery represents a challenging yet exciting shift in worldwide emissions standards — and should change final mile delivery for the better.

6. Technological Advancements

To improve efficiency in the supply chain, companies need to emphasize the role of technological advancements. Technology that enables companies to gather and analyze data at any point in the supply chain — and especially the final mile — will soon become standard.

For example, “smart sensors” built into products helps give supervisors a greater insight into which products are in high demand, whether inventory is staying up to demand, and even help plan more efficient and safer driving routes.

In general, more efficient final mile delivery demands that companies use analytics to monitor and analyze data about shipments. This includes gathering data on fuel consumption, the temperature of the goods being delivered, and inventory levels. In addition, digitally tracking route optimization can help companies offer more efficient services — even in difficult-to-service urban or rural areas.

Last Mile Delivery in Ottawa

At Ottawa Logistics, we strive to use current technology so that we can deliver efficient and cost-effective service. We’re proud to offer cross dock and final mile delivery services in the Ottawa Gatineau area.

For cross dock and final mile delivery services in the Ottawa Gatineau area, please reach out to us today.

Source: https://www.ottawalogistics.com/final-mile-delivery/from-robots-to-crowdsourcing-6-top-trends-in-last-mile-delivery/

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Crypto wallet Zumo adds support for Bitcoin SV (BSV) after BTC and ETH

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Zumo, a crypto wallet and payments app, has announced that it can now be used to store and receive the cryptocurrency Bitcoin SV (BSV).

BSV is the third cryptocurrency to be supported by the non-custodial Zumo wallet. Users can also hold or trade Ether and Bitcoin.

Bitcoin Satoshi Vision (BSV) emerged from a hard fork of Bitcoin Cash (BCH); which itself emerged after a hard fork of Bitcoin (BTC). It is an extension of the same original blockchain with some amendments that have targeted the dual benefits of cheaper transaction fees and increased transaction capacity.

The name comes from its supporters’ belief that BSV aligns with the original vision of Satoshi Nakamoto; who first published the white paper explaining Bitcoin.

£10,000 worth of Bitcoin SV giveaway to celebrate

To celebrate the arrival of BSV to the wallet, Zumo is launching a giveaway of £10,000 worth of Bitcoin SV. Any UK resident who opens a new wallet with Zumo passes ID verification and makes a £1 deposit between June 25th, 2021 and July 26th, 2021 will be eligible to win the prize of £10,000 in BSV.

“We’re excited about offering BSV to our users. We’re hoping to introduce British crypto investors to BSV; as well as attracting new users who have never engaged with smart money before. To anyone who’s considering getting involved in crypto I’d say: we’re here to help.”
– Paul Roach, Zumo’s Chief Product Officer

Source: zumo.money

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Source: https://www.cryptoninjas.net/2021/06/25/crypto-wallet-zumo-adds-support-for-bitcoin-sv-bsv-after-btc-and-eth/

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TA: Bitcoin Breaks $35K, Why BTC Bulls Aim A Larger Rally

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Source: https://www.newsbtc.com/analysis/btc/bitcoin-breaks-35k-rally/

Bitcoin price regained strength for a fresh increase and it broke $35,000 against the US Dollar. BTC is likely to accelerate higher towards $36,500 or even $37,000.

  • Bitcoin started a fresh increase above the $34,000 and $35,000 resistance levels.
  • The price is now trading nicely above $34,000 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend line with resistance near $33,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is showing positive signs and it could even rise towards the $37,000 level in the near term.

Bitcoin Price is Gaining Pace

Bitcoin formed a base above the $32,000 zone to start a fresh increase. BTC broke the $33,500 resistance the 100 hourly simple moving average to move into a positive zone.

The upward move gained strength above the 50% Fib retracement level of the downward move from the $36,200 swing high to $28,850 zone. There was also a break above a major bearish trend line with resistance near $33,500 on the hourly chart of the BTC/USD pair.

The pair is now trading nicely above $34,000 and the 100 hourly simple moving average. Bitcoin is now trading above the 76.4% Fib retracement level of the downward move from the $36,200 swing high to $28,850 zone.

Bitcoin Price

Source: BTCUSD on TradingView.com

It is showing a lot of positive signs and it could continue to rise above $36,000. On the upside, an initial resistance is near the $36,200 level. The main resistance is now near the $37,000 zone. Any more gains could lead the price towards the $38,000 zone.

Dips Limited in BTC?

If bitcoin fails to clear the $36,200 resistance or the $37,000 resistance, it could start a downside correction. An immediate support on the downside is near the $34,500 level.

The next major support is near the $34,000 level. The main support is now forming near the $33,500 level and the 100 hourly SMA. A downside break below the 100 hourly SMA could open the doors for a fresh drop towards the $32,000 zone in the coming sessions.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.

Major Support Levels – $34,400, followed by $33,500.

Major Resistance Levels – $36,200, $37,000 and $38,000.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-breaks-35k-rally/

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DeFi protocol Oxygen to get series of audits from Kudelski Security

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Oxygen, a DeFi prime brokerage service built on Solana and powered by Serum’s on-chain infrastructure, announced today it has signed a strategic agreement under which Kudelski Security, a division of the Kudelski Group in Switzerland, will provide security assessment and architecture support for the platform.

Soon, Kudelski will conduct a series of reviews and audits of Oxygen’s functionality and interfaces. Meanwhile, Kudelski will have an ongoing collaboration with Oxygen to assess future enhancements, changes, or additions to Oxygen’s protocol.

“Institutions and individual investors have a right to expect that they can trust the quality, reliability, and stability of the Oxygen ecosystem. For Oxygen, this partnership provides transparency, promotes absolute confidence that the protocol does precisely what it promises and demonstrates its security; all based on a thorough assessment by a leading global expert in cybersecurity.”
– Viktor Mangazeev, Co-Founder of Oxygen

Audit Focus

Most importantly, the Kudelski Security team will perform a source code assessment, architecture review, and architecture verification of the Oxygen.org finance system.

Firstly, special attention will be focused on the contracts mechanism, finance logic, yields, borrowing, lending, and leverage mechanisms, as well as other related funds safety considerations

Moreover, verification analyses will confirm that formulas, cryptographic/mathematic, etc. in the software faithfully implement the specified intent of the protocol. Testing will also include a dynamic examination of key financial risk scenarios such as edge situations, liquidity events, and more.

“I’m very excited to be working with Oxygen on this series of engagements. It is important to show strategic leadership in promoting cybersecurity. Comparable traditional businesses have years of audits and tests; and the emerging ecosystems must put their best foot forward to build the trust of users and environmental partners.”
– Scott Carlson, Head of Blockchain Security for Kudelski Security

Oxygen is built on the growing and liquid Serum ecosystem; which leverages an on-chain orderbook to match borrowers and lenders to provide fair rates. Currently, Solana processes up to 50,000 transactions per second. Each transaction costs just $0.00001, and Solana plans to further scale these capabilities.

Source: Oxygen.org

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Source: https://www.cryptoninjas.net/2021/06/25/defi-protocol-oxygen-to-get-series-of-audits-from-kudelski-security/

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