How Shopify tried and failed to challenge Amazon in logistics

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Health Health Headlines News

Shopify tried to challenge Amazon in logistics. It never came within 100 miles. Was it all a waste?

, a technology company that digitally ties together independent warehouses to function like one network, for $2.1 million. that the strategy would hang on the marriage of Deliverr, Shopify-operated warehouses, and technology from 6 River Systems.

Derek Lossing, an Amazon Logistics alum-turned investment advisor with Cirrus Global Advisors, said an acquisition-driven strategy may have been the right course — especially when the alternative involved contracting with legacy logistics players, which can take months. But the cost the company ultimately incurred has been hotly debated. One person who sees value in what Shopify has put together so far is Dave Clark, Flexport's CEO.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shopify insiders brace for strategy shift in logistics businessInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Shopify cuts 20% of staff, sells logistics arm of businessInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »