Sino-Global Shipping America, Ltd. (NASDAQ: SINO) has identified a business opportunity that it is trying to pursue aggressively. The company is working on a mobile app that will support a full-range of logistics services between the U.S. and China, including U.S. short-haul trucking.
Plans for the mobile app have been in place for some time and Sino-Global Shipping America, Ltd. (NASDAQ: SINO) has just moved closer to making it a reality. The company’s board has now cleared the management to go ahead with the development of the app that is promising to do away with bottleneck issues in traditional logistics industry.
The clearance from the board comes after Sino-Global concluded a feasibility study of the mobile technology that helped to identify opportunities for the app.
Sino-Global says that its mobile app for logistics will play a key role in improving the handling of the more than 25 million containers that are moved between the U.S. and China every year.
However, Sino-Global Shipping America, Ltd. (NASDAQ: SINO) has not provided estimates of the financial benefits it expects to draw from the app. The management has also not said how much it intends to invest in the project. Nevertheless, the management is upbeat that the technology will see strong adoption once it is rolled out.
There are several logistics challenges that Sino-Global says customers currently have to cope with. But once its mobile app is ready, those issues will be ironed out and customers can gain the peace of mind to focus on their core operations.
The logistics hiccups that Sino-Global Shipping America, Ltd. (NASDAQ: SINO) intends to solve with its mobile app are those that typically require cargo handlers to drive with 150-miles radius to get logistic issues fixed.
Sino-Global’s CEO, Lei Cao, believes that they are rightly placed to solve logistic bottleneck issues in short-hauling space.
Following the clearance by its board, Sino-Global Shipping America, Ltd. (NASDAQ: SINO) is working to have its mobile app ready for launch in 2017. The company is currently evaluating potential business partners for its mobile technology.