Locus Recognised in 2022 Gartner® Hype Cycle™ for Supply Chain Execution Technologies and Hype Cycle for Smart City Technologies and Solutions
This is the second such mention for the company as a Sample Vendor for last-mile delivery solutions this year
SAN FRANCISCO, Aug. 19, 2022 /PRNewswire/ -- Locus, a leading-edge technology company solving Last-Mile logistics challenges, announced that it has been recognised as a Sample Vendor for last-mile delivery solutions in Gartner Hype Cycle for Supply Chain Execution Technologies, 2022, and the Gartner Hype Cycle for Smart City Technologies and Solutions, 2022.
"Gartner Hype Cycles provide a graphic representation of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities," notes the Gartner Hype Cycle Research Methodology. The reports identify last-mile delivery solutions under the Slope of Enlightenment Curve in its Hype Cycle Phases, which we believe reflects the growing relevance and value provided by these innovations to businesses, consumers, and Smart City development.
According to the 2022 Gartner Hype Cycle for Smart City Technologies and Solutions, "Trends in analytics at the service delivery point, decarbonization, last-mile logistics, mobility, and building options are opening the door for an experience delivered at the edge of the service delivery network, thus calling for 5G and broadband rollouts."
"To keep up with the ever-increasing demand for faster deliveries and staggering growth in order volumes, businesses across e-commerce, retail, 3PLs or home service, etc. need intelligent and real-world ready platforms that not just provide visibility in Last-Mile fulfillment, but also enable better decision-making for unparalleled customer experience," says Nishith Rastogi, Founder and CEO of Locus. "Locus' dispatch management platform helps make every delivery more efficient than thelast, which results in fewer miles traveled, and more deliveries being done in a day. Being named as a Sample Vendor in these reports, we feel validated in our tireless pursuit of excellence and innovation in one of the most challenging areas of logistics."
Locus was also previously recognized as a Representative Vendor in Gartner® Market Guide for Vehicle Routing and Scheduling and Last-Mile Technologies, 2021. It was also mentioned in the Gartner® Hype Cycle for Transportation Industry, 2020, and the Gartner® Market Guide for Vehicle Routing and Scheduling, 2020.
Gartner, "Hype Cycle for Supply Chain Execution Technologies, 2022," Dwight Klappich, 27 June 2022.
Gartner, "Hype Cycle for Smart City Technologies and Solutions, 2022," Bettina Tratz-Ryan, Bill Finnerty, 22 July 2022.
Gartner, "Market Guide for Vehicle Routing and Scheduling and Last-Mile Technologies," Oscar, Sanchez Duran, Bart De Muynck, Carly West, 13 December 2021.
Gartner, "Hype Cycle for Transportation Industry, 2020," Ivar Berntz, Venecia Liu, Thierry Kuperman Le Bihan, Pedro Pacheco, 13 August 2020.
Gartner, "Market Guide for Vehicle Routing and Scheduling," Oscar Sanchez Duran, Bart De Muynck, 23 June 2020.
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Locus is a leading-edge technology company enabling last-mile logistics excellence. Locus' order-to-delivery dispatch management platform helps enterprises transform their Last-Mile logistics operations into growth centers through advanced optimization algorithms and intuitive workflow automation that equip businesses to maximize efficiency while delighting customers.
Founded in 2015 and backed by GIC Singapore, Tiger Global, Qualcomm Ventures, and Falcon Edge, Locus has helped a wide range of customers globally across industries – including Unilever, Nestle, Bukalapak, The Tata Group, BlueDart, and more – execute 650M deliveries across 30+ countries and 6 continents. Its technology has also helped save $200M in transit costs, offsetting 70M kilograms in CO2 emissions while maintaining 99.5% SLA adherence ratio.
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