Shopify shuns 'logistics' – Flexport losses narrow in another forgettable year
The drip drip of failure
Flexport is to expand its e-commerce fulfilment business globally, an echo of Amazon, following yesterday’s announcement that it is to buy Shopify Logistics and its Deliverr platform.
As it released poor first-quarter results yesterday, Shopify CEO Toby Lütke informed staff the e-commerce shopfront technology provider would lose 20% of its workforce and cut its fulfilment operation.
Flexport is taking over Shopify Logistics – including its San Francisco-based Deliverr platform, acquired last year for $2.1bn, a range of software solutions and dozens of ...
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