Leading tech-centric logistics platform Flexport has announced the acquisition of Shopify Logistics Assets.
The move will enable companies to effortlessly plan, visualize and execute the movement of goods from manufacturers to customers via a single technology platform.
Flexport said the integration of Shopify Logistics, including Deliverr, Inc., will allow it to improve its AI-driven optimization, streamline its entire global supply chain, reduce costs, improve reliability for customers and meet the need for traditional Eliminating supply chain technology, Flexport has failed to provide end-to-end planning, visibility and execution.
Dave Clark, CEO of Flexport, envisions a complete digital transformation of the global supply chain.
“This democratization and bundling of scale will level the playing field in cost and speed of delivery for all companies, not just the largest companies in the world,” Clark said. The company’s goal is to reduce stock-outs, lower costs and minimize the environmental impact of the movement of goods.
Flexport will also act as an official Shopify logistics partner, delivering the Shop Promise to millions of Shopify merchants. Shop Promise offers transparent shipping schedules, including two-day and next-day delivery options, and integrates with major commerce platforms. These services are provided by Flexport and are accessible through the Shopify Fulfillment Network app.
Tobi Lütke, Founder and CEO of Shopify, praised Flexport’s partnership and shared retailer-centric logistics vision.
“Today’s announcement will enable Flexport and Shopify to advance the vision of merchant-centric logistics and give more businesses access to a fast, flexible and affordable logistics network that seamlessly integrates with the Shopify tools they know and love,” said Lutke.
Dave Clark emphasized the importance of deepening and expanding partnerships to offer retailers and businesses more opportunities for growth.
The transaction is expected to close in the second quarter, subject to customary closing conditions and regulatory approvals.