The agreement between FedEx Corp. (NYSE: FDX) and Floship, a top provider of circular supply chain solutions for e-commerce firms, is intended to give e-tailers all over the world improved fulfilment and logistics services.
The partnership will develop an end-to-end digitalized fulfilment and return solution with investment from the FedEx Innovation Lab (FIL), improving operational efficiency through ideal inventory management and best-in-class delivery using FedEx services.
Through this cooperation, FedEx’s online shoppers will have access to Floship’s extensive worldwide network of warehouses and robust logistics technology, which will enable them to streamline their e-commerce fulfilment processes. Customers of Floship will also be able to take advantage of FedEx’s broad global networks and wide choice of transportation alternatives to streamline their business processes.
Customers of cross-border e-commerce services from FedEx and Floship across the Asia-Pacific, Middle East and Africa, Europe, and North America will also have access to improved fulfilment, last-mile delivery, and hassle-free returns.
This is FIL’s second investment. FIL makes early-stage investments in developing start-ups, especially in India, in order to provide start-up companies with added value in terms of capabilities and speed to market via FedEx’s worldwide networks, resources, and client base.
“FedEx continues to actively seek out strategic collaborations like this to help evolve our operations and product offerings to meet the needs of the modern supply chain,” said Kami Viswanathan, senior vice president, Middle East, Indian Subcontinent, and Africa, FedEx Express. As we work to improve the global logistics business, our strategy enables partners to earn benefits from working together in a mutually beneficial way.
Joshua Tsui, CEO of Floship, commented on the partnership: “Floship is incredibly excited to be collaborating with FedEx to change the global e-commerce fulfilment landscape. Businesses must collaborate to provide clients cutting-edge solutions that reimagine the conventional linear supply chain as more consumers around the world adopt e-commerce. Our shared objective in bringing this partnership to market is to offer e-commerce businesses and retailers a one-stop, all-inclusive two-way supply chain solution that will allow them to develop at an exponential rate while also providing an excellent consumer experience.
Regarding FedEx Corp.
A wide range of transportation, e-commerce, and commercial services are offered by FedEx Corp. (NYSE: FDX) to clients and companies across the world. With a $93 billion revenue base, the corporation provides integrated business solutions by operating businesses that collaborate, compete against one another, and innovate digitally as one FedEx. Inspiring its more than 530,000 employees to stay focused on safety, the highest ethical and professional standards, and the requirements of their customers and communities, FedEx is consistently recognised among the world’s most admired and trusted employers. With a target to achieve carbon-neutral operations by 2040, FedEx is dedicated to sustainably and resourcefully connecting people and opportunities around the globe. Visit fedex.com/about or follow us on Facebook and LinkedIn for additional information. FedEx Express press releases are available on the World Wide Web at https://newsroom.fedex.com/newsroom/amea
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What Floship is
The solutions provided by Floship’s worldwide circular supply chain ecosystem address every part of the global supply chain, ensuring minimal operational effort for e-commerce companies while giving owners peace of mind and the ability to focus on fostering growth.
