News English — 3pl
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...
The next big thing? Pop-up warehouses!
3pl peak business Pop-Up Shops Warehouse
Unless you have been hidden in a non-wifi enabled bunker over the last five years you will know about the proliferation of pop-up stores during peak business or for marketing purposes. However, you may not have heard of the pop-up warehouse. Turns out 3PL providers such as PFSWeb provide this opportunity for merchants to keep up and in som cases even improve delivery times to key areas during peak trading. Super exciting development in the crowded 3PL space. Check out PFSWeb website for more informaiton