Shopping fulfillment center venture ShopFulfill will give digitally native DTC brands a physical presence by Q2 2020 in two prime East Coast locations, downtown Philadelphia and a mall in Moorestown, NJ. Its Anchor Shops will integrate retail storefronts with distribution networks for multiple brands.
Warehouse and fulfillment center giant Prologis will acquire rival Liberty Property Trust in an all-stock merger valued at $12.68 billion, the companies announced, greatly expanding Prologis’ U.S. logistics holdings as demand continues to ramp up. This is in addition to Prologis’ 2018 acquisition of DCT Industrial Trust for $8.4 billion.
Walmart announced plans to invest $1.2 billion into its China business to beat out competition. The company plans to invest the money into distribution centers over the next 20 years with a focus on grocery delivery.
The largest two-story fulfillment center in the country will be under construction later this year in the Bronx, NY, with a planned 2021 opening, enabling ecommerce tenants to service the New York metro market with same-day delivery. It will total 969,000 square feet, including 595,000 square feet of fulfillment space.
Some ecommerce companies have gained tremendous benefits from third-party fulfillment partners. But once you contract with a 3PL you must develop a well thought out plan, coordinating with your departments and the partner as well as merchandise vendors, carriers and IT. Here are 20 critical tasks to ensure a smooth transition.
To succeed, retailers and ecommerce companies need to meet heightened customer experience demands. That means offering fast shipping, free returns and same-day delivery, if possible. Learn insights from industry experts on ways to optimize your fulfillment network and focus your technology investments to compete and win.
Ecommerce logistics, including 3PLs, accounted for 61 of the 100 largest deals on warehouse and industrial space in 2018, according to commercial real estate brokerage CBRE. The deals totaled 61.5 million square feet of space in 32 markets, with facilities ranging in size from 742,000 square feet to 2.3 million square feet.
Whether it’s software or 3PL services you’re negotiating, it’s important to understand how vendors look at your company and the deal you want to cut. Understanding things from their perspective can help you forge successful vendor relationships. Here are 9 considerations to take into account when evaluating a prospective deal.
Walmart has made moves recently to take over distribution and transportation operations in three different places from contract 3PL Schneider Logistics, according to various reports. See what locations were involved and how many workers Walmart plans to take on at the facilities.
Critical systems functionality and efficient fulfillment are at the heart of a multichannel strategy, and merchants must meet compliance standards of marketplaces and big-box stores. Many 3PLs can bring this functionality and cost effectiveness to ecommerce sellers, manufacturers and brands. Here’s how to make it work for you.