A matching platform to address the supply-demand imbalance in logistics


Venditz, an operator of a mobile moving platform 24Moa, is advancing into the logistics market by launching a dedicated delivery platform SENDY.

The non-scheduled freight logistics market is around KRW 29 trillion (parcel service market excluded), and the general logistics and moving logistics take up KRW 27 trillion and KRW 2 trillion respectively.

The biggest challenge of this market is that supplies and demands are not balanced as customers use this service randomly, and suppliers cannot forecast when and where such demands will be generated. Vendits has been seeking ways to address this imbalance for the past three years. It said, “We have improved the algorithm behind the platform by bridging customers and suppliers for 100,000+ moves. This has enabled us to offer services at reasonable prices through demand distribution and matching available suppliers with customers.”

SENDY plans to expand its scope to small cargo, furniture, home appliances and B2B freights which cannot be delivered through parcel or quick delivery service and moving logistics for small-sized households to serve as a comprehensive matching platform.