Leading tech-driven logistics platform, Flexport, has announced the acquisition of Shopify Logistics assets.
The move will allow businesses to effortlessly plan, visualize, and execute goods movement from manufacturers to customers through a single technology platform.
Flexport said integrating Shopify Logistics, including Deliverr, Inc., will enable it to enhance its AI-driven optimization, streamlining the entire global supply chain, reducing costs, improving reliability for customers, and eliminating the need for traditional supply chain technology that Flexport says has failed to provide end-to-end planning, visibility, and execution.
Flexport CEO Dave Clark envisions a full digital transformation of the global supply chain.
“This democratization and pooling of scale will level the playing field for cost and speed of delivery for all businesses, not just the largest corporations in the world,” said Clark. The company aims to reduce out-of-stocks, decrease costs, and minimize the environmental impact of goods movement.
Flexport will also serve as the official Shopify Logistics Partner and provide Shop Promise for millions of Shopify merchants. Shop Promise offers transparent shipping timelines, including two-day and next-day delivery options, and will be integrated into major commerce platforms. These services will be powered by Flexport and accessible through the Shopify Fulfillment Network app.
Tobi Lütke, founder and CEO of Shopify, praised Flexport’s partnership and the shared merchant-centered logistics vision.
“Today’s announcement will enable Flexport and Shopify to carry the merchant-centered logistics vision forward, and give more businesses access to a fast, flexible and affordable logistics network that seamlessly integrates with the Shopify tools they know and love,” Lütke said.
Dave Clark emphasized the importance of deepening and expanding partnerships to provide merchants and businesses with more growth opportunities.
The deal is expected to close in the second quarter, subject to customary closing conditions and regulatory approvals.