We used to think AI models were only good for generating content. Then, OpenAI released GPT-o1. It changed everything. GPT-o1 is about more than just generating text. It's built for complex problem-solving, making it perfect for logistics and supply chain management. PROS and Key Features of OpenAI GPT-o1 1. Multi-Step Reasoning: o1 can break down complicated problems into simple tasks. This helps optimize logistics operations, like route planning and inventory management, by running different scenarios to find the best solutions. 2. Enhanced Demand Forecasting: Looking at past data and current market trends, o1 improves demand forecasting. This means better inventory management by considering seasonal changes and customer behavior. 3. Operational Bottleneck Resolution: The model spots and fixes operational bottlenecks find patterns that cause delays and suggests ways to improve workflow efficiency. 4. Automated Decision-Making: o1 can recognize and correct errors, automating crucial decisions like stock levels and workflow efficiencies. This reduces human error and speeds up decision-making. 5. Real-Time Tracking Adjustments: The model continuously monitors data from various sources. This allows logistics companies to adjust real-time operations based on events like traffic changes or weather disruptions. 6. Cost Optimization: o1 optimizes resource allocation, helping companies cut operational costs through better carrier selection and warehouse location. CONS While GPT-o1 offers advanced reasoning capabilities, it has some limitations compared to earlier models like GPT-4o: - Higher Costs: GPT-o1 is more expensive—up to four times the cost of GPT-4o—due to its complex processing needs. - Speed Limitations: The model may be slower in processing queries, especially complex ones, sometimes taking over ten seconds. - Feature Gaps: Currently, o1 lacks some functionalities present in earlier models, such as web browsing and image processing capabilities. OpenAI's GPT-o1 model is a big step forward in AI reasoning, especially for industries like logistics requiring complex problem-solving. Its ability to optimize supply chains, improve demand forecasting, and automate decisions can greatly enhance operational efficiency. However, when implementing it in the workflows, we must consider its higher costs and current limitations. What do you think about OpenAI GPT-o1? Thanks to our CTO, Array Wong, for the contribution 😁
Alfred24
Transportation, Logistics, Supply Chain and Storage
Kwai Chung, Hong Kong 1,845 followers
Deliveries Made Green.™
About us
We build locker networks and do it right. Our mission is to make deliveries sustainable, efficient, and convenient for all. Our automated systems enable couriers to make more deliveries with fewer vehicles. alfred24 provides hardware and software solutions that allow anyone to collect their deliveries anytime from a smart locker or retail shop conveniently located near you. With e-commerce more popular now than ever before, delivering online purchases to customers comes with increasing cost, carbon, and congestion (with no signs of slowing down). That's why we built alfred24. To make the sustainable choice, the best choice. To optimise delivery networks. To save both time and trees. We have helped our clients set up 3,000+ lockers globally, and we operate a network of 9,000+ pickup points in Hong Kong, Indonesia, Italy, and Brazil. Visit www.alfred24.com to learn more.
- Website
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http://www.alfred24.com
External link for Alfred24
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 11-50 employees
- Headquarters
- Kwai Chung, Hong Kong
- Type
- Privately Held
- Founded
- 2014
Locations
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Primary
Unit D, 10/F, Che Wah Industrial Building,
1 Kin Hong Street, Kwai Chung, New Territories, Hong Kong
Kwai Chung, Hong Kong 0000, HK
Employees at Alfred24
Updates
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With Hive Box claiming an 85% market share in out-of-home deliveries and preparing for an IPO in Hong Kong, what impact will this have on competition in the logistics sector in China?
Entrepreneur | CEO | Board Member | Speaker | Giver | Enabling Sustainable Delivery Networks Worldwide | Adventure Trail-Runner
BREAKING NEWS! Hive Box is gearing up for an IPO in Hong Kong 📈 Hive Box operates the largest smart locker in the world, based on the number of units installed and the parcel volume processed. The numbers tell their own story. Hive Box has installed smart lockers in 330,200 locations across 31 provinces in China (As of the end of May 2024) In the first five months of 2024, they served 367.8 million consumers and 3.5 million couriers. In the last three years (2021-2023), 21,2 billion parcels were delivered by carriers and collected by customers from Hive Box Lockers, and customers returned 602 million parcels via Hive Box Lockers. Deliveries 2021: 6.2 billion parcels (approx. 17 million parcels daily) 2022: 5.8 billion parcels (approx. 15.9 million parcels daily) 2023: 6.4 billion parcels (approx. 17.7 million parcels daily) CAGR (2021-2023): 3.5% Returns 2021: 114.3 million returns 2022: 141.7 million returns 2023: 233.2 million returns CAGR (2021-2023): 42.8% Financials: Revenue grew from US$ 392.5 million in 2021 to US$ 536.5 million 2023 Net loss decreased from USD 289,9 million in 2021 to USD 75,8 million in 2023 In 2024, as of the end of May, they have an operating profit of USD 30.8 million (note: using non-IFRS measures) Fundraising: Hive Box has raised a total funding of US$1.09B over three rounds. The initial funding came from five of China's biggest logistics businesses: S.F. EXPRESS CO. LTD, UDA Express, STO Express, ZTO Express, and GLP (Global Logistic Properties). Later, all carrier shareholders except SF Express divested their shares, leaving SF Express as the primary shareholder. The others joined Cainiao Group (Alibaba Group ‘s logistics network) The largest funding round was a Series B round held in January 2021, which raised US$400M at a valuation of US$3 billion from Trustbridge Partners, Sequoia Capital, All-Stars Investment, and Redview Capital. Hive Box claims an 85% market share of out-of-home deliveries in China. In 2017, it acquired CIMC E-Commerce & Logistics Technology for US$123 million, adding 14,000 locations and around 1 million parcels daily. In 2020, they acquired the China Post's locker system. Continue in the comments with other curiosities and the link to the draft application. #HiveBox #IPO #SmartLockers #Logistics #HongKong
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Smart lockers are revolutionizing multiple industries. Convenience is 100% the key. Here are five use cases you didn't know! 1. Pharmaceuticals: Smart lockers secure medication storage and pickup. Patients can conveniently access prescriptions, especially for sensitive drugs. Temperature control maintains drug safety. 2. Repair Services: They streamline the repair process. Customers drop off devices securely. Repair centers access, fix, and return items to lockers for easy pickup. 3. Visa Application: They simplify the visa process. Applicants submit documents securely. Lockers protect sensitive info until consulate pickup. Notifications enhance communication. 4. Laundry Services: Smart lockers improve laundry services. Customers drop off clothes for washing or dry cleaning, and ready laundry is placed back in lockers for easy pickup 24/7. 5. Car Plate Pickup: They offer secure car plate pickup. After online registration, users receive a QR code to unlock their new plates, reducing human contact and streamlining the process. Smart lockers are revolutionizing efficiency. They offer security, convenience, and reliability. It's time to think smart. Think smart lockers. Which smart locker application would you implement?
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Smart Last-Mile Logistics is about more than just delivery speed. It's about efficiency, sustainability, and consumer satisfaction. The 𝟮𝟬𝟮𝟯 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗺𝗮𝗿𝘁 𝗟𝗮𝘀𝘁-𝗠𝗶𝗹𝗲 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 by Deloitte (link in comments) presents several key insights into the evolving landscape of last-mile logistics, driven by technological advancements and changing consumer demands. 𝗗𝗿𝗶𝘃𝗲𝗿𝘀 𝗼𝗳 𝗖𝗵𝗮𝗻𝗴𝗲 • Aging populations and rising labor costs. • Growing e-commerce demand and parcel volume. • Consumer demand for convenience and sustainability. 𝗙𝗼𝘂𝗿 𝗸𝗲𝘆 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲𝘀, 𝗸𝗻𝗼𝘄𝗻 𝗮𝘀 𝘁𝗵𝗲 "𝟰𝗘" 𝗺𝗼𝗱𝗲𝗹 𝗼𝗳 𝗦𝗺𝗮𝗿𝘁 𝗟𝗮𝘀𝘁-𝗠𝗶𝗹𝗲 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀: 1. 𝙴̲𝚡̲𝚙̲𝚎̲𝚛̲𝚒̲𝚎̲𝚗̲𝚌̲𝚎̲: Enhancing consumer experience by providing more flexible and convenient delivery options. 2. 𝘌𝘯𝘢𝘣𝘭𝘦𝘮𝘦𝘯𝘵 Offering diverse solutions that improve service effectiveness, such as efficient return services and innovative delivery methods. 3. 𝘌𝘹𝘱𝘦𝘯𝘥𝘪𝘵𝘶𝘳𝘦 Reducing costs and increasing operational efficiency to address the financial pressures of last-mile delivery. 4. 𝘌𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵–𝘧𝘳𝘪𝘦𝘯𝘥𝘭𝘪𝘯𝘦𝘴𝘴: Supporting sustainable practices to meet growing consumer and regulatory demands for environmentally responsible logistics solutions. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵 𝗮𝗻𝗱 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 The global market for last-mile logistics is expected to expand significantly, with a projected growth rate of around 10% in the global CEP (courier, express, and parcel) market. Regions like North America and Southeast Asia are particularly poised for growth, with innovations such as smart PUDOs (Pick-Up Drop-Off points) and locker banks gaining traction. 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝙲̲𝚑̲𝚒̲𝚗̲𝚊̲:̲ Recognized as a benchmark market with highly mature smart last-mile logistics, leveraging advanced digital technologies across all delivery processes. 𝙿̲𝚘̲𝚕̲𝚊̲𝚗̲𝚍̲:̲ Notable for its rapid development in smart last-mile solutions, especially locker banks, which offer scalable models for other markets. 𝚂̲𝚒̲𝚗̲𝚐̲𝚊̲𝚙̲𝚘̲𝚛̲𝚎̲: Represents a highly urbanized market where smart logistics solutions are becoming essential due to labor costs and increasing parcel volumes. 𝗙𝘂𝘁𝘂𝗿𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗶𝗼𝗻𝘀 Companies should focus on 𝗗𝗮𝘁𝗮-𝗗𝗿𝗶𝘃𝗲𝗻 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴, which Involves Using data for network expansion and operational improvements. Balancing Interests: Weighing short-term and long-term goals in logistics strategies, including decisions on 𝗮𝘀𝘀𝗲𝘁 𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝘃𝗲𝗿𝘀𝘂𝘀 𝗹𝗲𝗮𝘀𝗶𝗻𝗴. Smart last-mile logistics is not optional. It's the future. Efficiency, sustainability, and customer satisfaction are the goals. Contact us at [email protected] if you want to learn more about smart logistics projects around the world or if you want to build a cost-effective and scalable Out-Of-Home network! #smartlogistics #smartlockers #smartcities
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Parcel lockers + temporary storage lockers for personal items and bycicles! The locker is screnless, powered by Android OS and can be opened only using a QR code. 260 locations all over Indonesia powered by Paxel Indonesia and alfred24 Global The sky is the limit!
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Alfred24' Smart Locker Solutions for Simplified Visa Applications at Huawei As a global leader in technology, Huawei recognizes the crucial role international travel plays in its business operations. However, we understand that visa applications can often be cumbersome and time-consuming, particularly when passport handling is involved. To address this challenge, we’ve introduced smart lockers across three offices in Shenzhen, transforming how Huawei employees manage their visa applications. The secure lockers—powered by Alftred24—allow employees to drop off their passports at their convenience and retrieve them once their visas are processed. This innovation eliminates waiting in long lines or disrupting work schedules to visit embassies or consulates. Our smart lockers are accessible 24/7, and employees receive real-time updates on their application status. Enhancing the visa application process improved Huawei employees' experience, boosted productivity, and minimized administrative tasks. This is just one example of how Huawei leverages technology to support its global workforce and foster international collaboration. Curious about how smart lockers could benefit your organization? Let’s connect and explore the endless possibilities and applications with smart lockers [email protected] 😁 #smartlockers
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Who said parcel lockers can't be functional and stylish simultaneously? Our China team has successfully installed a prestigious parcel locker at the China Citic Bank Offices in CITIC TOWER, the tallest building in Beijing. This locker is both functional and stylish, showcasing its quality and reliability. Employees at Citic use these lockers to exchange internal documents and gifts. If you want to learn more about how our smart lockers can transform your office or business, please email us at [email protected]. Join us in reshaping urban deliveries together! #SmartLockers #Documents #Security #Innovation
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Click the link in the comments if you are curious to know more about our co-founder and CEO Christian Secci 😁
Entrepreneur | CEO | Board Member | Speaker | Giver | Enabling Sustainable Delivery Networks Worldwide | Adventure Trail-Runner
What's my story? I am an islander at heart. Living near the sea brings me peace. I was born on the Island of Sardinia (Italy) and have since traveled the world, making Hong Kong my home after living and working in cities like Bologna, Budapest, Brussels, Barcelona, and Beijing. Running projects in 20 countries across four continents taught me to overcome challenges, embrace failures, build "anti-fragility," and appreciate the world's diversity. My wife and I have created a multi-cultural family with Iranian, Italian, and American roots. We celebrate three New Year traditions: Western, Persian, and Chinese. My superpower? Transforming obstacles and setbacks into opportunities. Thank you, Callum Laing and Veblen Director Programme, for this interview with "Enterprise Zone - Connecting Global Leaders." It has been an incredible opportunity to reflect on my life's journey, business ventures, and the valuable lessons I've learned as an entrepreneur. I strongly believe anyone can develop and nurture the mindset and skills to turn challenges into opportunities. In today's rapidly changing world, learning to navigate different social contexts and connect with people from all walks of life is also crucial. Check the link in the comments to read the full interview. #leadership #veblendirectorprogramme
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Who said that smart lockers are made only for the deliveries and collection of packages? Imagine the convenience of delivering luxury cars to customers anytime, reducing labor costs and elevating the customer experience. By installing secure smart lockers, the car dealers can: - Enhance customer experience with seamless, around-the-clock car pickup and drop-off. - Increase operational efficiency and reduce paperwork. - Reduce labor costs and employee training time. Our solution met Mercedes-Benz's high standards for security and customer experience. Want to learn more about how our smart lockers can transform your business? Check out the full case study in the comments. Let's reshape urban deliveries together! #SmartLockers #LuxuryCarDelivery #Sustainability #Innovation"
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🚀The future of last-mile delivery - it's Smart! 🎯 Ecommerce is pushing last-mile to its edge. But don't worry, Deloitte's recent report reveals how smart solutions are shaking things up. 🔄 🌐 Parcel volumes expected to double by 2026 Prepare for a whopping 270 billion parcels in just 5 years. The pressure is on, but it's also an opportunity! 🤖 Technology leads the transformation Smart lockers, autonomous vehicles, drones - delivering efficiency and customer focus like never before. 📍 Hot market spots - Europe, Asia, Americas Get ready, these regions are set to embrace smart last-mile logistics. 🔦 Real-world Use-Case Highlights From Polish locker networks to unmanned deliveries in Chinese festivals. Here's a sneak peek of the future! 📈 Action plan for smart solutions A 4E model: Experience, Enablement, Expenditure, Environment-friendliness. Time to act! Excited? So are we! Let's chat about the future of last-mile delivery! 💬 Input, anyone? Share your views and spread the word. 🔽 For fresh insights, hit 'Follow'. 📲 #future #lastmile #smartlogistics #ecommerce