Periodic Reporting for period 1 - SpaceInvader (SpaceInvader – Gain value from empty and unused cargo space)
Reporting period: 2016-06-01 to 2016-08-31
Did you know 500 million standard EUR pallets are used in 4 billion transports a year in Europe alone? At the same time 85% of all trucks are not using their full capacity - driving around with un-used space? The problem is handling of the goods – because of difficulty in stacking the pallets. SpaceInvader has invented and patented a portable pallet rack, which solves the problem, and enables double stacking of EUR pallets in the transport- and logistics chain and thereby enables utilization of the full height in trucks – releasing the high value of the un-used cargo space. By increasing the utilization of space in the transport- and logistics chain - there is a direct correlation between the financial benefit for the transport customers and the environmental impact and benefit for society. Higher space utilization leads to more goods on fewer trucks resulting in a direct decrease in CO2 emissions and other harmful particles released by diesel use in trucks. Main focus and top priority for the feasibility study has been to analyse if the physical product is ready for the market and if there is strong enough business case for the customers, to create a market for the product/concept - and verify the environmental potential impact of the solution.
During the test period we have together with 5 test customers user- and usage tested our beta version of the product. We have tested 100 pallet racks in parallel with these test customers.The ”usage tests” have given valuable insights to the handling situation and strenght of the product – and enlightend us around the construction of the ”top part” of the product, which has openend a new string of fruitful product development for the final version of the product.
To analyse the economic value for customers, we have created a ”SpaceInvader Value Model” in which we individually on each customer can model their specific operations and business set-up. The developed and tested model contains all the economic parameters and valuedrivers the SpaceInvader pallet rack provides and validates true customer value with a very short payback time between 6-16 months.
To analyse the economic value for customers, we have created a ”SpaceInvader Value Model” in which we individually on each customer can model their specific operations and business set-up. The developed and tested model contains all the economic parameters and valuedrivers the SpaceInvader pallet rack provides and validates true customer value with a very short payback time between 6-16 months.
Higher space utilization leads to more goods on fewer trucks resulting in a direct decrease in CO2 emissions and other harmful particles released by diesel use in trucks. Our aim was to get this proved with the 100 pallet racks, but we had to realize that this is not doable with such a small sample. Both samplesize and test period have to be larger and longer to get this. But the rationale is verified and hence we have incorporated it in our SpaceInvader Value Model and show the full positive impact environmentally for the customer and thereby for society. There is a direct link from the result we show to the customers CSR strategy and measurable goal of a greener footprint from their logistics operations.