The future is pressing onward, whether we want it to or not, and with that progress comes systemic changes that few people notice, but almost all are affected by. Nearly every day, tech startups pop up, demonstrating to the public, and hopefully investors, that they’ve just invented a new technology, or idea, designed to elevate the human experience.
Over the past few years, we’ve seen advancements in artificial intelligence, self-driving vehicles, virtual reality, and countless other breakthroughs, but perhaps the most exciting has come from companies pioneering delivery technology.
The delivery tech stock market has managed to garner significant investor attention namely because of the companies working to create innovative, technology-based solutions designed to ease the access for consumers looking to procure the products they use in their everyday lives. As delivery tech startups have taken the market by storm, consumers have expressed newfound interest in both what they can have delivered, as well as how these products will get to their doorstep.
Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market
The Future Is Now
Back in July 2014, Starship Technologies was founded by two former Skype (MSFT) co-founders with the mission of building robots to “revolutionize deliveries and offer people convenient new services that improve how they go about their lives.”
“Robotics has a huge potential to change the world and improve people’s lives. We’ve always been attracted to big problems. And delivery is still a big problem, probably a bigger problem than helping people communicate over long distances.”
-Ahti Heinla, Co-Founder, Starship Technologies
Since the company’s inception, Starship has tested its autonomous delivery bots in multiple rounds of deployments. Back in April 2018, the company tested its little robots on the Intuit Mountain View campus in the heart of Silicon Valley, as a means for delivering lunch to employees around the campus. The founders of Starship want to provide a service for people that make their lives easier and more efficient.
A Company Making Life Easier
ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) has quickly become one of the more influential delivery tech companies in the industry, namely because the Company is one of the firstto put the customer’s needs before the product. The opportunity that ParcelPal (PKG) (PT0.F) (PTNYF) many be presenting to investors has drawn comparisons to the way early investors had an opportunity with companies like Uber and GrubHub (GRUB) before they went mainstream in the US.
According to PitchBook, venture capitalist have taken note of the potential opportunities presented by companies like ParcelPal, as delivery-based tech companies went from earning $60 million in 2008, to over $1 billion in 2015.
The Company serves a unique function for the industry that many other companies have yet to catch on to. ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) created an on-demand marketplace where customers can shop for anything from food to clothing, to cannabis, as of recent.
The Company has worked to design an easy-to-use platform for consumers to order the products they know and love, and, rather than have to pick up their order, a
ParcelPal utilizes technology-driven logistics to connect consumers with the goods they love, including allowing customers to place orders for cannabis products. Customers can shop at partner businesses and, through the ParcelPal platform, receive their purchased goods within an hour.
The Past Informs The Present
If anything can be said about humanity as a whole, it’s that we are creatures of habit. Based on that notion, we have the ability, and obligation, to recognize areas of our lives where we could’ve done differently, and make these changes for the future.
Additionally, habits and patterns we are confident in and enjoy can be replicated based on recounting how we previously attended to such actions. As it relates to companies in the delivery tech market, or any industry for that matter, examining the successes and challenges of years prior can help guide organizations into the future.
ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF), upon reflecting on its business practices over the last few years, has recently made key investments in products/services meant to carry the Company into the future.
Tech analysts predict that by 2025, industries utilizing augmented and virtual reality technology will see revenue streams of approximately $5 billion, with a majority of the use-cases for the tech stemming from the healthcare sector. Once thought to be the substance of futuristic pipe dreams, AR is becoming a hot commodity for companies introduced in the future of tech.
In full recognition of the potential that augmented reality presents, ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) announced earlier this month that it had signed an integration deal with NexTech AR Solutions (CSE
Per the details of the agreement, NexTech will create custom dashboards with its xAPI analytics enabling the tracking of micro-behaviors throughout the AR experience creating a valuable sea of data for
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