Shopify Acquires 6 River Systems
In a recent press release, Shopify announced their acquisition of 6 River Systems.
6 River Systems is a startup offering warehouse fulfillment solutions, such as cobots (collaborative robots), which assist warehouse workers in picking, sorting and packing inventory. This new partnership will further enable the e-commerce giant, who launched their fulfillment network this past June, to compete with platforms like Amazon.
Shopify’s current client base consists of mostly small-medium sellers. As the e-tailer continues to invest in its fulfillment centers, it hopes to “build a service portfolio robust enough that shippers didn’t feel the need to move on from Shopify to a larger platform as their sales increase,” according to a recent Supply Chain Dive article.
With the addition of 6RS’ warehouse cobots, Shopify will be able to increase the speed of warehouse operations, resulting in quicker fulfillment for sellers. This will help merchants of all sizes level the playing field and meet customers’ modern-day shipping expectations.
Uber Spends $200M to Expand Freight Network
Last week, Uber Freight, the digital freight brokerage division of Uber Technologies, announced plans to open their new headquarters in Chicago. The ride-hailing company intends to invest $200 million annually in the region, and will hire 2,000 new employees.
“Trucking represents an enormous opportunity for Uber, and this milestone is a testament to our long-term commitment to our Freight business,” CEO Dara Khosrowshahi said in a statement. “Chicago is the heart of America’s transportation and logistics industry, and there is no better place to open our dedicated Freight HQ. Uber has long recognized the incredible history, innovation, and talent that Chicago has to offer, and we’re excited about the thousands of new jobs our Freight business will help bring as we become one of the city’s largest technology employers.”
Since its launch in May 2017, Uber Freight has grown from regional operations in Texas to servicing the entire U.S., as well as Europe. Though they had a disappointing last quarter – reporting a loss of $5.2 billion – this new investment is a testament to Uber’s long-term commitment to freight technology.