3 June 2009
Why “LILO”? Well it stands for “a Little In, for a Lot Out” and summarizes that, with current advancements in technology, its never been easier to get an idea off the ground and turn it into a successful business in a relatively short period of time. The article went on to describe the 2009 LILOs as being less naive than, say, the dotcom era and more prepared to work harder to create streamlined organisations.
We were really flattered to be mentioned in the article by our friends at First Tuesday (we won the FT Award recently) – as an example of a smart company with smart ideas, but underpinned by hard work and pragmatism. In some ways we agree with the LILO concept – but not because we’ve pounced on an idea that has been a success overnight. We’ve had to work hard at bringing success to the market, taking 9 years to nurture and build our community of 130 ship owner/managers/yards and 27,000 suppliers.
No, we believe we actually bring the concepot of LILO to the shipping industry itself. As, for very “Little In” in terms of effort (a few days’ implementation with no business disruption) and cost (a few hundred dollars per ship per month) we can help our customers get “a Lot Out” – savings anywhere between 5% and 20% of their operational costs. Which for a manager of 20 ships can equate to up to $2.4m in savings each and every year.
So all hail LILO for the industry! But ShipServ itself a LILO? LOL!
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