Business & Economics News

XLOG PRESS LAUNCH

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Manila, Philippines—Shiptek Solutions Corp., a homegrown technology company, had just announced their plan to change the shipping and logistics landscape with its first product launch – XLOG.

The mission is to help thriving SMEs in promoting a more efficient and effective way to do business through the application of technology.

A statement released by the CEO, Jun Ynion, said they created XLOG as the first in the world digital platform for end-to-end Shipping and Logistics services by creating an online marketplace for companies offering or in need of services in shipping, trucking, customs brokerage, and warehousing.

The Philippines is a market that is attracting attention from its government with an economic growth of 7% surpassing China in the first quarter of 2018. The current government’s 10-point socio-economic agenda rendered the country to build various infrastructure at an exponential rate, faster than several former administrations combined. Telecommunications expansion and SMART cities are a focal point including economic zones that impact trade and commerce.

According to Jun Ynion, “From the pain points of a shipper and a service provider, I created a valuable solution that significantly impacts finance and service-oriented businesses.”

Currently, an average rate request would take at least 1 day to get a standard quotation and an additional 1.5 days to get feedback for a renegotiated rate. This initial process alone already consumed 50% of the week. An average transaction would usually involve 27 back and forth communications between the customer and their logistics partner through email/phone conversations/face-to-face meetings. This does not yet involve communications regarding the location and status of your shipments from point A to B.

Being in a relatively old industry with its old traditions and processes like the industry of shipping, transacting business can be both challenging and inefficient. This is what XLOG is trying to solve through an optimized user experience that covers instant rate quotations, secure online documentation and payments, and real-time tracking of shipments through geo triangulation technology that foster full cycle service delivery. Helping customers find the best logistics partner in the most efficient way possible, and helping service partners maximize their assets and expand market reach.

Through this automated and transparent process, we aim to bring the world closer and much safer to do business by preventing fraudulent transactions like smuggling.

 

Additional Information about XLOG Philippines

Company name:    Shiptek Solutions Corp.

Representative:    Jun Ynion, President and CEO

Location:                Metro Manila, Philippines

Date Established: December 8, 2017

Product name:      XLOG

Pending Patents:   PCT/PH2018/050001/PCT/PH2017/050001

Contact Number:  (02) 847-9689

 

Inquiries from the media should be forwarded to:

XLOG Public Relations & Advertising Department Email: [email protected]

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