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      MySize, Inc. (MYSZ) Stock Exhibits Volatility as Indian BoxSize Operations Continue Developing - Stocks Telegraph

      By ST Staff

      Published on

      July 8, 2021

      9:16 AM UTC

      MySize, Inc. (MYSZ) Stock Exhibits Volatility as Indian BoxSize Operations Continue Developing - Stocks Telegraph

      MySize, Inc. (MYSZ) stock prices were down by 6.76% as of the market closing on July 7th, 2021, bringing the price per share down to USD$1.38 at the end of the trading day. Subsequent premarket fluctuations saw the stock rally by 9.42%, bringing it up to USD$1.51.

      Partnership with Delhivery

      June 29th 2021 saw the company announce its partnership with Delhivery, India’s largest supply chain services provider. MYSZ’s AI-driven sizing solution BoxSize is expected to bolster the industry-leading logistics company with tools to enhance efficiency and operational management.

      BoxSize

      BoxSize facilitates the efficient utilization of resources and strategic planning of logistics, thereby ensuring the protection of both the environment, as well as the company’s bottom line. Delivery efficiency is increased with the use of the parcel measurement tool, which measures both dimension and volume, to help operations teams ensure that a truck is packed properly and completely.

      BoxSize Features

      Furthermore, the BoxSize service offers a myriad of features, including, but not limited to, barcode scanning, geolocation tagging, and image capture. The company ensures decreased emissions and fuel consumption while providing a verified chain of custody, as well as greater operational efficiency. This leads to fewer trucks being packed to less than full capacity, improved real-time allocation of resources, and fewer emissions per delivery.

      Scope of Partnership

      The collaboration with Delhivery complements the company’s renowned in-house tech solutions, increasing visibility and other ERP processes. Delihivery’s status as an industry leader in delivery and logistics tech makes the collaboration a strong testament to the value BoxSize provides. It will provide Delhivery’s employees on the B2B side with essential information to facilitate the effortless optimization of loading efficiency, as well as enhanced real-time visibility to operations.

      Utility of BoxSize

      The company’s handheld sizing solutions serve to commensurate any delivery driver or workhouse employee with the expertise of a logistics planner. With the tool being directly given to employees on the ground and field, the delivery of parcels is enhanced with the empowerment of all the people involved in the process.  The critical tool is intended to provide several businesses across India with the best possible delivery experience.

      Future Outlook for MYSZ

      Armed with the expansive collaboration with Delhivery, MYSZ is poised to massively expand the scope of its footprint in the Indian market. The company is keen to consolidate this growth and usher in further expansion through market penetration of unaddressed segments. Investors are hopeful that the company will continue to expand its reach and facilitate significant and sustained increases in shareholder value.

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