Greek Delivery Firm Digitizes Last-Mile Operations

Svuum, one of the fastest-growing last-mile delivery companies in Greece, has partnered with FarEye, a global last-mile platform, to digitize and optimize its operations. The result? A 50% reduction in operational costs, 95% first-attempt delivery rate, and 3 million successful orders in just four years. From control towers and route optimization to customer experience, this partnership showcases how Greek companies are leading with logistics innovation and operational excellence.

Established in 2021, Svuum has quickly become a major player in last-mile delivery in Greece. In just four years of operation, they have successfully delivered 3 million orders, with an impressive 95% first-attempt delivery rate. Through their commitment to fast, reliable, same-day, and next-day deliveries, paired with real-time tracking and exceptional customer support, they’ve positioned themselves as one of Greece’s most beloved brands – right up there with Acropolis, a wonder of the ancient world.

What is even more remarkable is that Svuum has managed to scale its business while reducing operational costs by 50%. During its early days, Svuum faced operational bottlenecks that hindered scalability and efficiency. Key challenges included limited system integrations, suboptimal route planning, and inefficiencies in driver and delivery management.

To sustain growth and elevate customer experience, Svuum sought a future-ready last-mile delivery solution — leading to its partnership with FarEye.

Transforming Last-Mile Operations

Nicolas Vassilakis, CEO of Svuum, emphasized the impact of this transformation: “Partnering with FarEye has been a game-changer. Their last-mile solutions have streamlined our operations, enhanced customer experiences, and enabled us to scale effectively. Together, we’re setting new benchmarks for last-mile logistics in Greece.”

FarEye’s advanced last-mile delivery platform has enabled Svuum to streamline operations, optimize resources, and enhance customer satisfaction:

• Seamless System Integrations – FarEye’s API-driven integrations allow Svuum to synchronize its in-house and merchant systems, ensuring real-time visibility, smooth data exchange, and workflow efficiency without operational disruptions.
• Digital Transformation of On-Ground Operations – FarEye has digitized Svuum’s logistics processes, leveraging GPS tracking, proof-of-delivery (POD) capture, and real-time driver location monitoring through its Driver Application.
• Control Tower Implementation – Svuum now has an integrated control tower, offering a centralized view of operations to proactively detect issues, mitigate risks, and drive continuous improvement.
• AI-Powered Route Optimization – By leveraging FarEye’s AI-driven route planning, Svuum has reduced operational costs by 50%, enhanced driver efficiency, and improved same-day and scheduled deliveries.
• Superior Customer Experience – With real-time order tracking, proactive updates, and a self-service customer portal, Svuum has reduced WISMO (Where Is My Order) inquiries by 60%, boosting overall customer satisfaction.

Driving Logistics Excellence in Greece

“Greece’s logistics spend is nearly double the global benchmark at 10% of GDP. Our partnership with Svuum proves that 3PLs can significantly enhance consumer satisfaction while optimizing costs,” said Suryansh Jalan, President, FarEye, highlighting the regional impact. With FarEye, Svuum is pioneering innovation in Greek last-mile logistics, demonstrating how technology-driven solutions can drive efficiency, cost-effectiveness, and customer delight in an evolving eCommerce landscape.

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UK Logistics Provider Expands Services to Spain and Greece

 

Last Mile Logistics Strategy Expanded

PineBridge Benson Elliot, a UK-based pan-European real estate fund manager, and their JV Partner, Evo Industrial, have acquired two further sites, under their strategy, with Evo Industrial to deliver last mile logistics in and around London and key regional markets in the UK. The two sites are a 4-acre site in Woodford, East London and a 2.2-acre site in Enfield, North London

The Woodford site, acquired off-market, is well located to operate as a multi-let last mile logistics facility, given the area’s connectivity to central London, and the north east sector of the M25, with immediate access to the M11 and North Circular. The site is currently vacant with existing planning consent for industrial use; with new proposals set to be brought forward to construct 6 units across ranging from 8,220-sf to 26,430 sq. ft.

The Enfield site is equally well-positioned within an established logistics and distribution location in North London. The site is within minutes of the M25, A10 and North Circular, providing easy connections into Central London and the surrounding area. The plan is to develop a 72,000 sq. ft. warehouse unit. As with all Evo Industrial schemes, both sites will target BREEAM Excellent and be net zero carbon (regulated, in operation).

The Evo Industrial platform is a multi-let urban logistics aggregation strategy targeting a 1m+ sq ft portfolio in partnership with seasoned industrial development managers Evo Industrial (“Evo”), led by Don Bailey and Adam Courtenay. Evo will provide day-to-day project and asset management for the project. The Woodford acquisition follows the purchase of an eight-acre prime last mile logistics site in Leyton, East London, in March 2022.

George MacKinnon (pictured), Managing Director at PineBridge Benson Elliot, said, “Robust enquiry levels for well-located, environmentally sustainable and operationally sound logistics assets combined with a dwindling number of sites in Central London continues to underpin the strategy with Evo. We believe both the Woodford and Enfield sites are well placed to deliver best in class buildings which will appeal to a variety of occupiers with modern, well specified space.”

Adam Courtenay, Co-Founder of Evo Industrial said “These new acquisitions demonstrate our ability to identify, analyse and secure opportunities to grow the JV with PineBridge Benson Elliot and, as a team, to transact swiftly and effectively on both on market and off market opportunities. Along with our other schemes at Poyle, Erith, Warrington and Corby, these represent a material and positive addition to the track record of Evo and PineBridge Benson Elliot in this sector.”

PineBridge Benson Elliot is a pan-European real estate private equity specialist with two decades of investment experience, deep market knowledge and in-house operational expertise. As of 31 December 2021, PineBridge Benson Elliot manages US$ 3.1 billion in AUM. Founded in 2005 as Benson Elliot Capital Management, the firm was acquired in December 2020 by PineBridge Investments, a private, global asset manager focused on active, high-conviction investing. As of 31 December 2022, the firm managed US$143.1 billion across global asset classes for sophisticated investors around the world.

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