Colosseum is on-demand logistics operations platform for e-commerce retailers. E-commerce market is clearly heading for cross-boarder and many online sellers wants to sell their products globally, which makes the complexity of logistics much more difficult to solve.
Along with the fast-expanding cross-boarder e-commerce market - above 100 trillion dollars, we have tripled our revenue and parcel volumes, and the revenue for 2023 was 9 million dollars. The reason why we grow fast is we are building global warehouse network and our AI logistics management solution. We don’t have our own warehouses but share and connect the idle spaces and labours of previous ones, which enables us to provide more flexible and customer-oriented service. any location and any type of works are OK.
And we build AI logistics management solution increasing the efficiency of field-works by more than 20% and secures the full visibility of the whole process, by redesigning a cross-boarder logistics process to totally data-driven and removing some bottlenecks in process with AI based optimization of work-flow and data.
We have 46 global warehouse network including one in LA already, and more than 400 Korean an US brand manufacturers and sellers are experiencing the reduction of logistics cost by up to 30%, and delivery lead-time between Korea and US from 7 days to 4 days.