Borderfree, a provider of cross-border shipping acquired by Pitney Bowes in 2015, is being acquired by Israeli cross-border platform firm Global-e for $100 million in cash, about a quarter of its original price, the companies announced, adding the two will enter into a strategic partnership. The deal is expected to close in Q3.
This special report from Multichannel Merchant will address how the right tools and technology not only provide greater inventory accuracy and visibility, but help you prioritize and track SKU movement within a facility, among network nodes and in partner channels. It will also cover advanced capabilities as well as must-have systems.
For CPGs, it’s no longer a matter of if but when the circular economy will supplant the traditional linear take-make-use-dispose model of consumption. The race to tap emerging sources of value and capitalize on the circular economy is well underway. The edge likely will go to companies that mobilize to take these seven steps.
Prologis, the largest U.S. player in commercial real estate including warehouses and fulfillment centers, is acquiring Duke Realty in a deal valued at $26 billion, giving Prologis an additional 153 million square feet of active space plus another 11 million square feet under development in 19 markets. Investors were wary of the move.
Dave Clark, the 23-year Amazon veteran who unexpectedly stepped down last week after helping create its vaunted logistics operations, which became grossly overbuilt in the pandemic era, has been tapped as co-CEO of hot supply chain and freight forwarding company Flexport. Photo credit: Mandel Ngan/AFP/Getty Images
The California Trucking Association (CTA) is petitioning the U.S. Supreme Court, asking it to ignore the recommendation of the California attorney general and instead review an appellate court decision upholding the state’s AB5 law, which calls for recognition of contract drivers as employees.
Onfleet, provider of a last-mile route optimization platform for grocers, restaurants, food service and pharmacies, has raised $23 million in a Series B round to hire engineers, enhance its platform and expand into retail and enterprise accounts while looking to create a European presence in 2023.
The USPS plans to update its environmental impact statement related to the mix of electric vs. gas-powered vehicles, saying it’s driven by its delivery network improvement plan and unrelated to lawsuits favoring an all-electric fleet. The mix may change due to aggregation of carrier operations affecting its delivery route structure.
Walmart plans to open up four high-tech, automated fulfillment centers over the next three years, which when completed will enable it to reach 95% of the country in the Amazon Prime standard of two days or less, while streamlining fulfillment processes and increasing throughput. The news drops between a Q1 miss and Prime Day.
A China import law taking effect June 21 that bans imports from the Xinjiang region due to allegations of widespread forced labor will worsen supply chain and inventory issues just as conditions are easing somewhat, while exacerbating rampant inflation, according to a report in Bloomberg.