Tag: fulfillment

06
Oct
2020
Posted in technology

Shopify Gets Target Boost From KeyBanc on Fulfillment Network

Shopify’s  (SHOP) – Get Report Fulfillment Network is “a full-fledged, tightly integrated fulfillment solution,” according to a KeyBanc Capital Markets analyst, who raised his price target on shares of the e-commerce software-and-services provider to $1,250 from $1,150.

Shares of the Ottawa-based company were off 1.1% to $1,054.

Analyst Josh Beck, who has an overweight rating on the stock, said the Shopify Fulfillment Network, which was launched last year, “is a full-fledged, tightly integrated fulfillment solution for Shopify merchants and includes order/inventory management solutions, branding and data controls, and access to scalable, flexible warehousing space to sell across multiple channels.”

“Following our SFN deep dive, we walk away more constructive on Shopify’s opportunity to build a new software ‘brain’ to orchestrate the fulfillment value chain,” Beck said.

Beck noted that a broad array of robotic systems has been developed to automate and optimize fulfillment across of variety of functions, such as picking, moving, and sorting, leveraging both hybrid human/robot and purely robotic operations.

Warehouse-fulfillment automation has attracted significant venture capital and corporate investment, Beck said, “leading to an impressive array of robotic systems that are automating and optimizing the fulfillment across a variety of functions.”

The analyst said that, assuming fulfillment costs represent about 15% of gross market value, he estimated that the fulfillment TAM (total addressable market) “could approach half a trillion dollars of spend in the coming years excluding China.”

Goldman Sachs on Monday initiated coverage of Shopify with an equal-weight rating and a $970 price target.

“We see Shopify continuing to expand and capitalizing on the attractive eCommerce tailwinds,” analyst Keith Weiss wrote, “and highlight a $25B ‘serviceable’ opportunity for the company driven by international expansion, continued Payments penetration, and growth within Shopify Fulfillment Network.”

01
Oct
2020
Posted in technology

Via acquires delivery logistics startup Fleetonomy to bolster fulfillment with AI

In a move to expand its business into the logistics and delivery segment, ride-hailing startup Via today announced that it acquired Fleetonomy for an undisclosed sum. Via, which says it plans to apply Fleetonomy’s expertise in demand prediction and fleet utilization to support fully integrated, digitally powered logistics solutions, says the pandemic has highlighted the growing need for essential services and goods delivery.

Tel Aviv-based Fleetonomy, which was founded in 2017 by CEO Israel Duanis and CTO Lior Gerenstein, taps AI to analyze data and deliver insights with the goal of maximizing inventory and promoting proactive maintenance. The company provides white label ride-sharing and on-demand car subscription services that can accommodate semiautonomous and autonomous fleets. With Fleetonomy’s cloud-based suite of tools, managers can simulate services before deploying cars on the road, adjusting for factors such as fleet size, parking, charging locations, demand, and more.

“As we continue to build the next generation of public transportation and delivery infrastructure, we are proud to partner with Fleetonomy to step into this new phase of growth,” Via cofounders Daniel Ramot and Oren Shoval said in a statement. “We have been consistently impressed by Israel, Lior, and the entire Fleetonomy team, and by the beautifully designed and exceptionally engineered products they have created. We share a vision for the future of mobility and look forward to realizing this vision together.”

Prior to the acquisition, Fleetonomy raised $3 million in a seed round led by Vertex Ventures, with participation from Kardan Ventures and VectoIQ.

“Today is a very exciting milestone for our company,” Duanis said. “When Lior and I founded Fleetonomy three years ago, we had a very big mission in mind — to provide a new way of managing fleet based services … In the past three years, with the incredible Fleetonomy team and