San Francisco-based digital freight forwarder Flexport is buying the logistics business of Canada\u2019s online retail services platform Shopify, including its logistics startup Deliverr.<\/p>\n
Financial details have not been disclosed, but the sale comes less than a year after Shopify paid $2.1bn to acquire Deliverr.<\/p>\n
Flexport said the move will strengthen its advanced AI-driven optimisation to streamline the full global supply chain, reducing costs and improving reliability for customers.<\/p>\n
\u201cTraditional supply chain technology has failed to create a single system for end-to-end supply chain planning, visibility and execution. Flexport intends to change all that, reducing out-of-stocks for customers, costs for companies, and decreasing the environmental impact of the movement of goods,\u201d the company said in a statement.<\/p>\n
Dave Clark (pictured), Flexport CEO, and a former Amazon top executive, commented: \u201cFor Flexport, this acquisition enables our vision for a full digital transformation of the global supply chain that we will bring to all customers. 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.\u201d<\/p>\n
Flexport will also become the official Shopify logistics partner and provider of Shop Promise for millions of Shopify merchants. 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.<\/p>\n
The company said it expects the deal to close in the second quarter subject to customary closing conditions, including the receipt of regulatory approvals.<\/p>\n