What is the last kilometer?
The “last mile” is used to describe the short geographic segment of the provision of communication and media services or the delivery of products to customers in dense areas. Last-mile logistics tend to be complex and expensive for the suppliers of goods and services who deliver to these regions.
Key points to remember
- The last kilometer refers to the short geographic distance that must be traveled to provide services to end users.
- In communications, the last mile is the relatively expensive and complex delivery of cables or cables between the supplier’s safe and his home.
- Last mile logistics has become a big business and a priority for service providers and consumers.
Understanding the last kilometer
The delivery of telecommunications and media content is instant and very fast for physical products on the perimeter of a densely populated area. Imagine a main line leading to the edge of a city or metropolitan area. Branches and leaves must then extend through tight buildings and streets to serve the customers who work and live there. The edge of town for the customer inside the town is the last kilometer.
Communications and media providers, including broadband cable, satellite and wireless, spend a lot to upgrade legacy delivery systems and build new networks to ensure adequate bandwidth for data-hungry consumers and streaming videos on their TVs, desktops and mobile devices. It takes time for these service providers to implement technological solutions for the “last mile problem”, and due to the rapidly changing nature of technology, these solutions may be obsolete, or not cutting edge of technology, once completed. .
Last Mile Logistics
Last-mile logistics for product delivery has become a priority for retailers in the era of electronic commerce. Our instant gratification company requires prompt delivery of products ordered online. Retailers who can achieve this at low cost or no cost to the customer have competitive advantages. Amazon uses third-party services to deliver packages to customers on the last mile, and is also building its own fleet to cover growing demand. To compete, other retailers invest more in setting up distribution centers as close to metropolitan areas as possible, then contract with UPS, USPS, FedEx and local couriers to provide delivery services for the latter. kilometer.
The last mile problem and cryptocurrencies
The last mile problem has re-emerged in recent years in the context of cryptocurrencies, in particular the last mile, in this case, refers to a cryptocurrency such as Bitcoin in a cross-border payment such as a payment . In this case, the recipient of Bitcoin must find a way to exchange it for local currency in order to use it. So while crypto transactions can provide a quick, efficient, and cost-effective way to send remittances, the last-mile problem is still an obstacle in many less developed countries.