Flexe

Warehousing and fulfillment startup Flexe lays off 99 workers

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Seattle-based startup Flexe has laid off 99 workers, about 38% of its workforce, according to a...

https://www.freightwaves.com/news/warehousing-and-fulfillment-startup-flexe-lays-off-99-workers

Flexe conducts 2nd round of layoffs in 14 months

Seattle-based logistics provider Flexe, which hit a $1 billion valuation last year, has laid off a third of its workforce.

A Flexe spokesperson confirmed Wednesday via email to FreightWaves that the company had made “the difficult decision to part ways with 33% of staff. We are sincerely saddened to lose such great talent. Our team remains focused on serving our enterprise customers.”

She declined to share how many total workers Flexe has, though the company’s LinkedIn page puts the number at...

https://www.freightwaves.com/news/flexe-conducts-2nd-round-of-layoffs-in-14-months

Flexe achieves unicorn status at $1B valuation with new funding

Seattle-based Flexe recently reached a $1 billion valuation with its latest $119 million Series D funding round.

Founded in 2013, Flexe provides on-demand warehousing, transportation and fulfillment services for both online and physical retailers. The asset-light provider doesn’t own or manage any of the facilities used by its customers, which include Ace Hardware, BJ’s Wholesale Club, Ralph Lauren, Staples and Walmart.

Flexe did not provide details of how it intends to use the series D funding....

https://www.freightwaves.com/news/flexe-achieves-unicorn-status-with-series-d

The Future of Logistics is Flexible

The logistics industry is no stranger to disruption. However, the more common supply chain disruptions have been fairly predictable like seasonality, or short-lived like inclement weather and manufacturing issues. In contrast, nothing about COVID-19’s effect on the supply chain has been predictable.

Shippers experienced rollercoaster variability and unstable supply throughout the bulk of 2020 before buckling in for a yearlong peak in 2021. Consumer demands surged all year, and expectations...

https://www.freightwaves.com/news/the-future-of-logistics-is-flexible

Solving the world’s hardest omnichannel logistics problems with Flexe

On this episode of FreightWaves Insiders, Dooner catches up with Flexe vp of product and engineering Anthony Girolamo. 

Girolamo leads the product and engineering organization, and his teams are responsible for the development of the Flexe Logistics Platform and the capabilities that set Flexe apart. 

Prior to joining Flexe, Anthony spent 9 years at Amazon as a senior technical leader of Amazon Fulfillment Technologies and Supply Chain Optimization Technologies. He also held senior software...

https://www.freightwaves.com/news/solving-the-worlds-hardest-omnichannel-logistics-problems-with-flexe

Flexing your warehouse space before it’s too late — At Your Doorstep

Warehouse space is at a premium right now with low vacancy rates and high price tags for new builds. How are shippers handling finding places to keep their inventory as we get ready for peak parcel season?

Kaylee Nix hosts Flexe CEO Karl Seibrecht to talk about how Flexe is using its network to flex out warehouse space that may not be accessible normally. 

Flexe offers options to clients to place smaller amounts of inventory across more warehouse locations, making for shorter delivery times while...

https://www.freightwaves.com/news/flexing-your-warehouse-space-before-its-too-late-at-your-doorstep

On Prime Day, sellers rejoice – and worry

Amazon Prime Day puts e-commerce sellers in a bind

Amazon (NASDAQ: AMZN) took its time, but earlier this month it officially announced Prime Day would return to the summer. For sellers, shippers, warehouse operators and third-party logistics (3PL) providers, it wasn’t much notice but something they needed to deal with.

Prime Days are Monday and Tuesday and are among Amazon’s biggest single selling days of the year with special deals.

David Glick, CTO of warehouse technology provider Flexe, spoke with Modern Shipper about the challenges Prime Day...

https://www.freightwaves.com/news/on-prime-day-sellers-rejoice-and-worry

Jeff Bezos’ logistics legacy

There are many chapters that could fill the book of what is becoming a most remarkable American business story. Yet a chapter that some might skim over is the one describing how Jeff Bezos came to transportation and logistics — and may end up dominating it — from behind.

The trailblazers before him — Leland Stanford, whose money built the transcontinental railroad; Jim Casey, whose United Parcel Service created the package delivery business as we’ve come to know it; Malcom McLean, whose...

https://www.freightwaves.com/news/jeff-bezos-logistics-legacy

Consumer behavior drives change — Midday Market Update (with video)

MMU 11/24

How warehouses and final-mile logistics are changing to suit the consumer

Andrew Cox joins Michael Vincent to talk the state of today’s freight market

Headlines

Drivers who haul hemp may see new protections from wrongful arrest. Blockchain technology may provide law enforcement with shared data to quickly identify the legality of the hemp being carried.

On-time delivery of holiday packages has slipped this season, with FedEx reporting 75% on-time delivery during Cyber Week and UPS reporting 80%...

https://www.freightwaves.com/news/consumer-behavior-drives-change-midday-market-update-with-video

On-demand warehousing startup raises $70M Series C

The money spigot keeps on flowing for supply chain technology companies, with the latest beneficiary, FLEXE, an on-demand warehousing and fulfillment company, announcing the close of its $70 million Series C funding. 

The round, revealed Tuesday, was led by T. Rowe Price, and includes follow-on investments from Activate Capital, Tiger Global, Madrona Ventures, Redpoint Ventures and Prologis Ventures. 

FLEXE will use the new funding to invest in its team and technology, expanding solutions that...

https://www.freightwaves.com/news/on-demand-warehousing-startup-raises-70m-series-c

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