Flowspace

FreightTech Friday: Gartner critiques real-time-visibility market players

Technology research and consulting firm Gartner recently released its Real Time Transportation Visibility Platform (RTTVP) report, highlighting the space’s top performers while suggesting areas for improvement.

The company describes RTTVPs as platforms engineered to offer real-time tracking and status updates on orders after they leave the warehouse, using integration with carrier systems or telematics for data gathering. The report assesses various levels of complexity in RTTVP implementation,...

https://www.freightwaves.com/news/freighttech-friday-gartner-critiques-real-time-visibility-market-players

What the Smuck?!? Analysts highlight Hostess deal risks

Twinkie-flavored Uncrustables?

(Chart: Barchart.com Inc.)

Just when I thought I had figured out that the health-focused segment was the growth area in food, and thus the most attractive acquisition target, on Monday the J.M. Smucker Co. announced the $5.6 billion acquisition of Hostess Brands, a company solely focused on not just run-of-the-mill junk food but “indulgent” junk food. Smucker is paying a healthy multiple of 17.2x adjusted earnings before interest, taxes, depreciation and...

https://www.freightwaves.com/news/what-the-smuck-analysts-highlight-hostess-deal-risks

Flowspace debuts AI solution for merchants

AI is rapidly gaining popularity in the logistics industry as a transformative technology. It is revolutionizing workflows, creating efficiencies and strengthening supply chains by streamlining processes, optimizing resource allocation and enhancing decision-making capabilities.

These advantages are what motivated fulfillment platform Flowspace on Tuesday to launch its new concierge tool FlowspaceAI for Freight. Customers on its platform can now leverage the solution to eliminate tedious tasks...

https://www.freightwaves.com/news/flowspace-debuts-ai-solution-for-merchants

Top 4 trailblazing moments for FreightTech in 2021

In 2021, tightened capacity, delayed deliveries and surging prices exposed the global supply chain inefficiencies that have harmed the industry for decades. 

Consumers responded by ordering early and in bulk, making it even more difficult for companies to project, let alone fix, problems with their logistics networks. 

To overcome these challenges, the FreightTech community took pages out of Silicon Valley’s forward-thinking book and began applying technology to these problems, building a strong...

https://www.freightwaves.com/news/top-4-trailblazing-moments-for-freighttech-in-2021

Modern Shipper Top 10: Warehouse automation and fulfillment

Modern Shipper launched in February with a mission of highlighting the ever-growing last mile of the supply chain. Throughout the year, we learned a lot, and our readers helped inform us of plenty more.

Looking back on the year that was, there were plenty of stories that resonated with our readers — from drones to automation, from gig workers to last-mile delivery providers. Of course, we can’t forget e-commerce, which is rapidly changing the supply chain and everything and everybody that...

https://www.freightwaves.com/news/modern-shipper-top-10-warehouse-automation-and-fulfillment

Big Tech executives find new frontier in FreightTech

The supply chain industry has accepted its technological revolution. 

Investors have flooded supply chain tech startups with billions in capital — $7.7 billion in Q1 alone, a 355% increase year-over-year to address the inefficiency that has historically plagued the industry. 

These same startups have seen increasing valuations around 100% year-over-year for late-stage startups, as questions on supply chain resiliency flood earnings calls, while government administrations call on specialized task...

https://www.freightwaves.com/news/big-tech-executives-find-new-frontier-in-freighttech

Flowspace raises $31M for omnichannel fulfillment

Fulfillment technology platform Flowspace has announced a $31 million Series B funding round led by BuildGroup. The company now has raised a total of $46 million.

This round also included past investors Canvas Ventures, Industrious Ventures, Moment Ventures, 1984 Ventures, eGateway Capital and Y Combinator. 

Flowspace was founded in 2017 with a mission to enable businesses to store and deliver their products while leveraging the nationwide network of fulfillment centers partnered with the...

https://www.freightwaves.com/news/flowspace-raises-31m-for-omnichannel-fulfillment