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11:36
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Originally posted by Memsl
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Forgive my ignorance but I keep reading people talk about execution risk. I have read the GSW website and what I can see is that GSW is not providing its own drivers or deliveries. All it is doing is providing a SaaS (Software as a Service) app that can be used by companies to optimise the routes that the companies drivers take to deliver the companies products to its customers. GSW's customers are the companies. They charge the companies a fee per delivery through the use of their proprietary app they provide to those companies. Their business model is based on selling their app to companies on the promise it will bring those companies happier customers (because of the tracking) and lower costs and faster delivery times (more deliveries in a day at lower costs) making it worthwhile for the companies to continue using GSW's app.
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Your assumption is that there is some barrier to entry. Why would a big logistics firm pay $500m for some tech they could make for a fraction of that, IF they don't already have it?
