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The Trakm8 team are thrilled to announce we won the Innovation Award at last week’s WhatVan Awards ceremony. The WhatVan Awards are recognised as one of the most prestigious independent accolades in the UK’s light commercial vehicle industry.
The What Van? Awards provide recognition for brands, businesses and organisations that have reached the pinnacle of their fields. What Van? assembles an experienced panel of independent judges from across the LCV sector to evaluate the entrants.
The categories evolve from year to year to ensure WhatVan recognise changing trends and developments spanning the breadth of the light commercial vehicle industry. Each year the organisers carefully select an expert panel of judges with decades of combined experience in the light commercial vehicle sector.
The team are delighted to scoop this top accolade especially up against such a formidable group of finalists. As the winner was voted for by experts in industry this was a further acknowledgement that the Trakm8 solutions are well regarded across the industry.
Trakm8’s entry for the innovation award was focused on our AI Optimisation solution for last mile delivery. Trakm8 created flexible, scalable algorithms for last mile delivery optimisation. These algorithms enable customers to book delivery slots and create highly efficient schedule planning for delivery drivers.
Trakm8’s AI Optimisation solution for last-mile delivery offers a multitude of advantages to retailers. Notably, it plays a pivotal role in reducing fleet costs, minimising last-mile delivery failures, and ensuring the timely fulfilment of customer delivery expectations. Additionally, it enhances the online slot booking experience for customers, contributing to increased satisfaction. The solution goes beyond economic benefits, actively decreasing harmful environmental emissions and fostering a safer and more satisfying work environment for drivers. What sets Trakm8 apart is its seamless integration into various commercial systems, websites, and backend operations.
To illustrate the tangible impact of Trakm8’s AI Optimisation, consider the case of a Major UK Food Retailer. The implementation of this technology has resulted in projected annual savings of £15 million, attributed to reductions in fuel and labour costs. Vans now cover between 170 thousand and 200 thousand fewer miles per week, showcasing a 12% improvement in miles per drop. This not only leads to substantial savings in emissions, fuel, and overall operational costs but also allows for an increased order volume without the need for additional shifts or vans. Furthermore, the implementation of Trakm8’s solution enabled the retailer to release Christmas delivery slots five weeks earlier and extend delivery slot booking windows from 2 to 4 weeks. These remarkable results underscore the transformative impact of Trakm8’s AI Optimisation on last-mile delivery.
Nick Guise, Marketing Manager at Trakm8 said: “We are thrilled our AI Optimisation Last Mile Delivery Solution has been honoured with the prestigious Innovation award at this year’s What Van? Awards. This achievement serves as a testament to the dedication and hard work of our exceptional team, who consistently strive to position our solutions at the forefront of the market with innovation as our guiding principle. In a highly competitive field featuring outstanding entries from other leading companies, winning this award was no small feat. We are genuinely delighted to be recognised as the ultimate winner and are proud to stand out among the best in the industry.”
