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THE CANADIAN SECURITIES EXCHANGE – The Exchange for Entrepreneurs | Quarterly Issue No. 4
PUDO focus on “last mile” set to make missed parcel deliveries a thing of the past by Giles Gwinnett
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e’ve all been there... You’re waiting for an important parcel, which arrives on Friday when you’re out and an impersonal note says it will be ready for collection at a depot miles away — but not until Monday, when you’ll be at work again. The benefits of online shopping in the fast-paced world we now live in are clear, but my goodness there are some logistical headaches too. Working to plug these holes in the North American system are entrepreneur Frank Coccia and his team at start-up PUDO (CSE:PDO), which is disrupting the whole way retailers, couriers and consumers behave — and so far it seems to be doing a fantastic job.
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Coccia has spent many years honing what he believes is the best “last mile” delivery solution and the vision is to create a network as big as Canada Post made up of thousands of so-called PUDO PointTM locations. “We’re truly a unique, courier neutral system. It’s a win-win for everyone,” he tells me. “Everyone has had an issue with the Post Office or courier parcel at some point in their lives,” he says, adding that simplifying the system has been his main aim. And it’s a worthwhile system to get a handle on. Last year, 80% of Canadians and Americans made an online purchase and in 2015, it is forecasted North Americans will spend over US$376 billion online.
The benefits of online shopping in the fastpaced world we now live in are clear, but my goodness there are some logistical headaches too.
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