News English — Last Mile
Fabric lays off 40% and shifts business model
3pl Business Models e-Grocery ecommerce Funding Fundraising G2P Goods To Person Last Mile Venture Capital
Fabric cuts 40% of staff Fabric recently announced it was laying off 40% of its staff and changing its business model (source). STIQ has tracked Fabric for a few years and this is our view of the announced changes: FABRIC: Website | LinkedIn | Crunchbase | YouTube | WarehouseAutomation Fabric was founded in Israel in 2015 under the name "Commonsense Robotics". In 2019, the company changed its name to Fabric (source). (formerly known as) The original business model appeared to target grocery customers with fulfilment equipment with Fabric operating as a vendor of material handling equipment. A lack of traction among grocery customers may have...
Last mile delivery using network of autonomous delivery vehicles
Delivery ecommerce Last Mile Logistics McKinsey Robotics Store of the Future Vehicles
