Stord Buys Shipwire to Expand AI-Driven Fulfillment and Global Reach
· Source: pymnts.com
In short
Stord has acquired Shipwire, the AI fulfillment subsidiary of CEVA Logistics, expanding its global logistics footprint and strengthening its technology platform. The acquisition adds 12 fulfillment locations to Stord's network and provides access to CEVA Logistics' global warehouse network spanning more than 170 countries. The deal includes Shipwire's technology division with proprietary B2B integrations and AI-enabled platform capabilities that Stord plans to integrate into its broader ecosystem.
Read Original Article — Read the full article on the publisher’s site.
Tags: fulfillment, acquisition, logistics, warehouse, ecommerce, automation