OpenPort is already supporting many of the world’s largest shippers (we are engaged with all top 10 of the largest multinational FMCGs), integrating with their ERP systems, and providing services in multiple countries with plans for rapid business expansion to be accelerated with new investment capital and blockchain-focused infrastructure.
We have built a high-growth multinational business which generates revenue through two simple models; either shippers purchase transport via OpenPort, or they use the system standalone, and pay per transaction. This hybrid system and/or service model allows us to scale rapidly and embed our ePOD system to improve core business cash flow for both shippers and transporters by linking payments to ePOD.
We also generate transaction-based revenue from the transport asset-owners who benefit from increased yield on assets derived from the high-volume multinational shippers utilizing our platform for procurement. As market rates and historical performance ratings of providers are available to OpenPort clients, we incrementally create a marketplace which brings highly sought-after transparency to a fragmented and fast-growing industry.
Since early 2017, OpenPort has also been generating business from international logistics companies who purchase transport on a “first-mile” basis from OpenPort for factory-to-port services on consignments to international retail brands. This service model shows signs of rapid development with large logistics providers starting new projects in China and elsewhere.