E-commerce startup Stord buys AI fulfillment platform Shipwire
· Source: cnbc.com
In short
E-commerce logistics startup Stord has acquired CEVA Logistics subsidiary Shipwire, an AI fulfillment platform used by e-commerce firms. The deal adds 12 new locations to Stord's network, about 60 employees, and brings AI-powered internal execution, planning and routing tools. This marks Stord's seventh acquisition as it continues to expand its logistics infrastructure to challenge e-commerce giants like Amazon.
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Tags: fulfillment, logistics, e-commerce, acquisition, AI, shipping