Drayage, e-commerce returns added to Stord’s supply chain software

The introduction of Stord One Commerce last month opened up new opportunities for customers of cloud-based flexible warehouse company Stord. On Thursday, the company announced several new additions to its vendor-agnostic and channel-agnostic Stord One Commerce platform, including drayage capabilities.

The software and a recently announced partnership with Fresh Del Monte to access cold storage capacity nationwide means that brands in the direct-to-consumer, business-to-business and omnichannel spaces can access Stord’s logistics capabilities, said the society.

New additions include drayage, temperature-controlled fulfillment, custom packaging, and e-commerce returns. They join B2B and B2C warehousing and fulfillment, retailer compliance readiness, and value-added services such as kitting and labeling as Stord offerings.

The company said the new additions complement a “port to porch supply chain” offering that helps brands manage their entire supply chain.

“When brands today attempt to make impactful changes to their supply chains, they are severely limited due to too many partners and siled systems,” said Sean Henry, CEO and co-founder of Stord. “By bringing together more parts of the supply chain under the Stord domain, brands can manage the entire process, from port to porch, all through one partner.”

Stord’s drayage and transshipment capabilities allow brands to move containerized products from a US port to any facility, whether or not part of the Stord network. Customers will benefit from real-time freight management and support, from shipment to delivery, Stord noted.

Custom packaging and printed products are also part of its fulfillment operations and include packaging engineering and development capabilities.

E-commerce returns management is also new, allowing brands to manage the receipt and processing of returns to the warehouse through the Stord One Commerce platform.

Stord One Commerce enables brands to consolidate their various logistics technologies across vendors, eliminating data silos and additional software implementations. Stord said the technology solution serves as a “digital glue” that acts as a control tower and connects all elements of a brand’s supply chain. It has four components:

  • Visibility into orders, inventory, and shipments with extensive operational metrics and dashboards.
  • Orchestrate the entire order lifecycle, from inbound sales channels to fulfillment channels, while intelligently automating order routing across multiple locations. Analytics helps manage performance inside and outside the warehouse.
  • Optimization that powers business decisions by maximizing inventory ROI and optimizing execution across multiple channels.
  • Connectivity of all of a brand’s disparate systems, from ERPs and warehouse management systems to online marketplaces and retail partner systems on a single platform.

In July, Stord announced a partnership with Fresh Del Monte that opened up excess space inside 22 Fresh Del Monte cold stores across the United States to Stord customers. Last fall, chilled and frozen foods accounted for 9% and 13%, respectively, of total online grocery sales. Henry told Modern Shipper at the time that Stord customers, under the deal, could leverage some of Fresh Del Monte’s logistics capabilities.

In June, Stord added 780,000 square feet of combined warehousing space in Las Vegas and Reno, Nevada, and New Haven, Connecticut. The markets are part of Stord’s six-node fulfillment network, which also includes Atlanta, Chicago and Dallas. Combined with over 1,000 partner installations, Stord is able to reach 99% of US consumers in two days or less via ground transportation.

In May, Stord announced the closing of a $210 million Series D funding round with a final installment of $120 million. The first part of the round, $90 million, was announced in September 2021. The May funding was led by Franklin Templeton. The Series D package included participation from new investors Sozo Ventures, Strike Capital and 137 Ventures, as well as existing investors Kleiner Perkins, Founders Fund, Bond, Susa Ventures, Dynamo Ventures, Lux Capital and Salesforce Ventures.

Click for more articles from Brian Straight.

You might also like:

Stord rethinks the warehouse with the Atlanta Innovation Center

Cloud supply chain company Stord adds $120M in new funding at $1.3B valuation

Stord adds warehouse capacity to its distribution network in key markets

Source link

About Cecil D. Ramirez

Check Also

The importance of an agile supply of raw materials

Recent global events, including COVID-19, have caused major disruption to global supply chains, resulting in …