Cohen says, “Our system handles packages right after an order is made by the end user. From the point of the seller’s warehouse, the system manages and tracks each step of the package’s logistics chain. For sorting according to the shipping method, destination country, and suitable means of distribution (such as, shipping from door to door, or to distribution centers, or automated pickup locations), while also using the package value for customs declarations such as VAT payments, adjusting the shipment in that regard to each destination country and relevant data format.”
Logistical challenges pose the greatest challenge in the growth of ecommerce markets. With rising need for customization and convenience, patience levels have dwindled. This causes high demand for the need for speed. Consequently, consumers continue to express high dissatisfaction rates with postal services failing to adapt, and high express service prices. Exelot answers suppliers’ need to accelerate shipping and delivery to international markets and grow volumes, by providing a cutting-edge optimization platform. “Exelot platform enables a quick, reliable service and reduced delivery costs,” says Exelot co-founder and Chief Technology Officer, Izack Varsanno.
A large portion of the sheer volume and complexity of their task is about the groundbreaking technology. What stood out to us is their e-Commerce Logistics Comparison Engine. It compares various alternatives of shipping e-commerce goods with multiple suppliers: from shipping options, the VATs and custom taxes as well as the final mile delivery vendors in the destination country. Cohen calls it the Expedia for e-commerce logistics where the seller or the logistics company that serves the seller can choose amongst many options the most appropriate alternative and best rate. Varsanno adds, “It is highly unique and does not exist in the e-commerce logistics industry and might assist the EU sellers and logistics providers. “
The biggest validation of their deep rooted understanding of the ecommerce market and the massiveness of their pain points can be gauged by their consistent drastic growth. Exelot platform serves e-commerce shops and shippers from China, Hong Kong, Europe and USA to Israel and to other countries.
Exelot plans to expand into 25 countries by 2022, managing tens of millions of deliveries yearly, and becoming a global leading platform for cross-border e- commerce B2B2C logistics.