micro-fulfillment

Increasing velocity to market with micro-fulfillment

Getting products to their end destination as fast as possible has always been a top goal of shippers. Over the past five years especially, businesses have had a greater incentive to hasten speed to market. While e-commerce sales ballooned during the pandemic in 2020 due to consumers staying home and buying online, it continues to flourish now. In 2022, e-commerce sales surpassed $1 trillion in the U.S.

Ed Smith, VP of distribution and fulfillment at Averitt, sat down with FreightWaves’ Michael...

https://www.freightwaves.com/news/increasing-velocity-to-market-with-micro-fulfillment

It’s time the logistics industry took notice of Gopuff

This is an excerpt from Monday’s (5/13) Point of Sale retail supply chain newsletter sponsored by ArcBest.

There’s a startup that was first created to deliver stoner essentials to college kids but is quietly capturing the imagination (and venture capital) of the tech world, and it’s time the logistics world took notice. Gopuff, founded by two friends at Drexel University in 2013, began delivering items like vaporizers, grinders and rolling papers. Soon after, munchies like Ben & Jerry’s became...

https://www.freightwaves.com/news/its-time-the-logistics-industry-took-notice-of-gopuff

Digital convenience store goPuff raises $1.15B

GoPuff, a Philadelphia-based digital convenience store, announced Tuesday it raised $1.15 billion in a Series G round led by an existing investor, D1 Capital Partners. Other investors include Fidelity Management and Research Co., Baillie Gifford, Reinvent Capital, Luxor Capital and SoftBank Vision Fund 1. The grocery delivery platform has raised a total of $2.4 billion and is now valued at $8.9 billion.

Co-founders and co-CEOs Rafael Ilishayev and Yakir Gola created the platform in 2013 while...

https://s29755.pcdn.co/news/digital-convenience-store-gopuff-raises-1-15b