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Loop Freight Ltd

Bangladesh
Market: Logistics and warehouses
Stage of the project: Operating business

Date of last change: 24.01.2022
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Idea

Loop is a flourishing supply-chain management company in the market with the aim to redesign the life cycle of commercial goods to provide state-of-the-art supply chain solutions to stakeholders.

Current Status

We are providing solutions to our stakeholders/companies and vendors through our app. The new version of the app will be available in February with a better view and much more options. We are the first supply-chain solution company in Bangladesh to integrate blockchain into our business model.

Problem or Opportunity

For Stake-Holders:
1. Consistent Lead Times
2. 99.9%fulfilment rate
3. Transparency
4. Competitive Pricing

For Truck Owners/Vendors:
1. Consistent Trips, Higher Income
2. On-time Payment
3. Return Trips

Solution (product or service)

With the help of technology, we are providing our solution. We brought apps for vendors, stakeholders/companies, as well as for our own employees. We can provide a vehicle within two hours and offer competitive pricing via the app. Vendors provide trucks with better rates on their preferred routes, which are passed on to our customers. Vendors can also bid on return trips on our load board, allowing them to make better use of their fleet. Blockchain implementation is in the process for the purposes of trust, accountability, and transparency.

Business model

Loop is a logistics marketplace where shippers and carriers can get next-generation logistics services. Our platform also provides the status of each truck and various shipment stages. This provides trust and accountability to our shippers regarding their every shipment, thus giving them a hassle-free experience.
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