Flexport acquires Shopify Logistics to offer e-commerce fulfilment
Flexport will strengthen its advanced AI-driven optimisation to reduce costs and improve reliability for customers
Flexport, the leading tech-driven logistics platform, announced the acquisition of the assets of Shopify Logistics including Deliverr.
"Flexport's technology now makes it easy for businesses to plan, visualise and execute the movement of goods from manufacturer to the customer's store or door unified under one technology platform," says an official release from Flexport.
Through the integration of Shopify Logistics, Flexport will strengthen its advanced AI-driven optimisation to streamline the full global supply chain, reducing costs and improving reliability for customers, the release added.
"For Flexport, this acquisition enables our vision for a full digital transformation of the global supply chain that we will bring to all customers," says Dave Clark, CEO, Flexport. "This democratisation and pooling of scale will level the playing field for cost and speed of delivery for all businesses, not just the largest corporations in the world. The end-to-end supply chain industry has not undergone the technological breakthroughs and data platforming we have seen in other sectors. Flexport is changing that. After the past several years of public discourse focusing on what's wrong with the supply chain, it's exciting to look ahead to how Flexport can bring solutions and make the global supply chain better for everyone."
Flexport will also become the official Shopify Logistics partner and provider of Shop Promise for millions of Shopify merchants, the release said. "Shop Promise enables transparent shipping timelines, including two-day and next-day delivery options to customers of Shopify merchants and will be extensible to all major commerce platforms."
Tobi Lütke, Founder and CEO, Shopify says: "A key part of the success of Shopify Logistics to-date has been our mission-aligned and deeply knowledgeable partner, Flexport. Today's announcement will enable Flexport and Shopify to carry the merchant-centred logistics vision forward, and give more businesses access to a fast, flexible and affordable logistics network that seamlessly integrates with the Shopify tools they know and love."
Flexport expects the deal to close in the second quarter, subject to customary closing conditions, including the receipt of regulatory approvals, the release said.