News Cart for July 3rd - The Entrepreneurial Way with A.I.

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Wednesday, July 3, 2019

News Cart for July 3rd

#Ecommerce


Hey there, ECF readers!

What’s new since we last met in your inbox? Well, let’s see …

Shopify had some big announcements at its Unite conference, including the headliner move to invest $1 billion in its own fulfillment network.

Meanwhile, Amazon now ships more of its own packages than any other shipping company. Perhaps that’s why FedEx is courting other e-commerce players?

For more on these—and other e-commerce tidbits—check out the ECF News Cart for July 3rd. You can also listen to our news roundup on the podcast via iTunesStitcher or the ECF Blog.

Enjoy!

– Andrew

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In the News:

Shopify Unite 2019: Multisite, Smart Shipping Rules, Fulfillment Network & More

  • The big announcement: Shopify plans to spend $1 billion on its own fulfillment network over the next few years and will soon offer merchants two-day shipping
  • Other highlights include the ability to manage multiple stores using one interface, plus more languages and currency offerings
  • Shipping profiles let merchants set up custom shipping rules based on product details like size, weight or shipping origin

Amazon, the New King of Shipping

  • Amazon has become its own largest shipper
  • Nearly half (48%) of the company’s packages are delivered by Amazon itself
  • With Amazon dominating 40% of e-commerce, that’s about 20% of the entire shipping market

FedEx Lures Online Sellers With Two-Day Air Shipping at Ground Rates

  • After ending one of its Amazon contracts, FedEx will offer express delivery at ground rates to certain customers
  • Price cut will reportedly help FedEx compete with UPS for e-commerce business

Cloudflare Update Causes a Number of Sites to Go Down

  • The popular internet security and DNS tool provider was down Tuesday affecting thousands of sites
  • Shopify, ShipStation and many popular sites were offline as a result

Amazon Launches Counter In-Store Pick Up

  • Customers can pick up their Amazon packages for free at 100 Rite Aid stores in the U.S.
  • Amazon plans to expand its free pick-up service to 1,500 stores by year’s end
  • Rite Aid stock shot up 34% on the news; Amazon stock remained largely unchanged

Skubana Raises $5.4M for Its E-Commerce Operations Software

  • Series A fundraising brings total to $6.2 million in equity funding for the e-commerce operations software provider

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Andrew Youderian, Khareem Sudlow