STEER rolls out new DaaS offering

DaaS by STEER (CNW Group/Facedrive Inc.)

TORONTO — Facedrive Inc. has rolled out its Delivery as a Service (DaaS) offering with over 200 small and medium-sized businesses and is now marketing these services to large big box retailers.

STEER’s DaaS offering is designed to provide a last mile logistics solution for retailers to offer “just-in-time” deliveries to end-users.

The company says it expects the DaaS platform to be a key element of its business and a valuable driver of ESG data, reporting and analytics.

STEER’s DaaS offering now operates with over 200 local merchants in the Greater Toronto Area. The company says its has demonstrated a 99 per cent on-time delivery rate.

In its announcement, the company referenced research which suggests that the DaaS market will grow at an 18.9 per cent CAGR from 2021 to 2027. The market is currently worth $18.7 billion. Research suggests the market’s growth accelerated with the effects of COVID-19.

STEER’s tech-driven delivery management software integrates directly with the merchant’s Point of Sale (POS) solution and provides visibility, KPI controls and data processing. Moreover, STEER leverages its built-in data science algorithms to analyze daily demand cycles for each individual offering and to streamline resource allocation.

“Delivery as a Service represents a natural evolution for our Company. Having built significant assets and expertise in the mobility and food delivery segments, it is important for us to leverage our existing assets to enter a growing market space. It allows us to grow incremental revenues in the near future while not increasing costs at the same rate. We have confirmed the demand during our launch with over 200 small and medium vendors and are now focused on large retail customers. With the launch of DaaS, STEER’s vision of creating a one-stop shop ecosystem for an environmentally-conscious B2C and B2B consumer has come a step closer to fulfilment,” said Suman Pushparajah, CEO in a statement.