UAE-based X-ERA takeovers SPEED for logistics, distribution services

UAE-based X-ERA takeovers SPEED for logistics, distribution services

UAE-based X-ERA for tech-services and logistics has completed its takeover of Egypt’s growing B2B e-commerce platform SPEED.

SPEED is an affiliate of SPEED International for Distribution & Logistics. The takeover marks a significant milestone in the digital transformation that aims at connecting FMCG supplies with small – medium merchants, retailers and soon consumers through digital platforms.

As a digital business solution company, X-ERA is now revamping SPEED with its partners to make it more user-friendly, as well as furthering inclusion of features and benefits to FMCG merchants and retailers.

The platform is enabling small & medium-sized grocery store owners in Egypt to procure inventory not only from wholesalers, distributors, and manufacturers at transparent rates; retailers can also access a one-stop shop to explore a wide variety of products from multiple brands. They can make a basket as per their stock requirements, place an order and get deliveries within 24 hours a day, 7 days a week. All this takes place through their smartphones while they’re doing the business as usual at their own grocery store.

X-ERA’s mission is to re-develop the informal market using innovative business solutions and enabling technologies designed to fit retailers’ needs in various geographic areas. Its mission is to empower