Fort Lauderdale, Florida--(Newsfile Corp. - February 18, 2022) - NxGen Brands Inc. (OTC Pink: NXGB) ("NXGB" or the "Company") is pleased to announce that it has commenced beta testing for SendPut Networks today.
An online marketplace bringing rapid delivery services to local businesses.
The launch of SendPut marks the realization of a disruptive new online marketplace and rapid delivery model.
Notably, SendPut leverages local retailers as its inventory and fulfillment network core, creating partnerships via its online inventory and marketplace platform. This comes as others in the space concentrate on city-based dark stores or ultra-centralized warehouses. The company sees multiple benefits to this approach.
In addition to unlocking new opportunities for SMBs, SendPut's model dramatically expands both the possible reach and range of rapid delivery platforms. In creating networks of existing retailers, SendPut is able to expand its reach into zip codes where existing standalone dark store and delivery network models would prove uneconomical. Additionally, the creation of local many-store networks greatly expands the range of products available to customers through such rapid-delivery online marketplaces.
Rounding out the customer delivery side of the network, the company's second major focus for SendPut is developing a network of secure pickup/dropoff lockers. In tandem with a logistics platform for coordinating retailer-driven fulfillment with excess capacity in existing driver networks, the company is able to realize ultra-rapid delivery times competitive with other fast-delivery models.
A Capital-Efficient Disruption of the Fast Delivery Model
Angel Burgos, CEO of NxGen Brands Inc., said, "SendPut's design is excellent, allowing multiple business models that can continue to create revenue streams for the company, all while minimizing the capital outlay. This stands in contrast to most of the mainstream delivery companies, who are establishing themselves and...