Skip to comments.With $40M in new investment, this young logistics company aims to battle Amazon (100 jobs)
Posted on 09/13/2018 1:52:08 PM PDT by 2ndDivisionVet
With $40 million in new investments announced Thursday, Chicago-based e-commerce logistics company ShipBob is eyeing an expansion starting with a new fulfillment warehouse and a push to hire 100 people in the next year.
The startup aims to help small to midsize e-commerce companies ship their products at speeds similar to Amazon. Shipping logistics tends to be the hardest part of launching an e-commerce brand, said Dhruv Saxena, ShipBobs co-founder and CEO.
The expectation from a customer standpoint is that they will get all of their e-commerce orders delivered to them like Amazon Prime: same-day, next-day, he said. These e-commerce businesses dont have the infrastructure to support that customer expectation.
ShipBob plans to use its $40 million round of funding to continue working toward that capability and improve its software platform. Its new facility in suburban Cicero, Ill., is six times larger than the companys previous Chicago-area warehouse. It can facilitate same-day delivery for Chicago-area customers ordering products from e-commerce platform Shopify.
Other e-commerce fulfillment companies also are investing in the Chicago area to keep up with booming demand from online shoppers.
Las Vegas-based Rakuten Super Logistics announced Wednesday that it would open two additional fulfillment centers, one in New Jersey and the other in suburban McCook, which is expected to open in October. Amazon also has been bulking up its presence in the area and now operates more than half a dozen facilities in Illinois....
(Excerpt) Read more at pilotonline.com ...
Well, good. I wish them luck.
(They’re gonna need it... Luck AND a Deep State Sponsor, if they really hope to compete with Amazon)
give them a look.
Yep because no doubt Amazon will do everything - legal and illegal - to destroy them, especially since we no longer have a justice dept. because nothing is more important than making Jeff Bozos the worlds first trillionaire which is exactly what he is trying to do and he just may do it.
Advice for them. Don’t go loony left.
Now just tell me the CEO is a Trump supporter and not only will I do my happy dance, I’ll line up further investment for his company.
Thanks. Ill check them out!
Especially in Illinois.
I cannot fathom WHY anyone would expand or start up anything businesswise in Illinois or California.
There are many companies trying to complete online with Amazon. Can’t remember their names though . . .
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