There’s been a growing trend over the past couple of years in warehouse on demand, aka warehouse as a service. Similar to the expansive list of AAS offering, WaaS provides users of warehouse and fulfillment services, such as ecommerce sellers, a flexible alternative to the expense of purchasing a facility or signing a long-term lease with the landlord or a 3PL.
Warehouse Exchange, another provider in this area, uses Artificial Intelligence to match up owners of available commercial space — not including 3PLs — with those needing it on a short-term basis, averaging 10 to 11 months. Sometimes space is sourced from non-traditional places including the Salvation Army. The company just closed a $2.2 million seed funding round. Grant Langston, CEO of Warehouse Exchange who formerly led eHarmony.com, talks about the company, its differentiators and market trends.