ShipHero in the news

A weekly podcast on small businesses for sale. Your three hosts look at deals on the market each week and talk about them. We look at deals in the $20mm enterprise value or less. Do you have a deal we should discuss? Email it to Michael @ girdley.com. Hosted by Bill D'Alessandro, Mills Snell & Michael Girdley

Joined this week by Aaron Rubin of ShipHero, we talk logistics!

= $26mm Third-Party Logistics in Las Vegas

- $1mm in FBA Prep Business

Listen at the Acquisitions Anonymous Podcast

Former flight attendant Jada Magwood recalled passengers verbally assaulting her on multiple occasions during the COVID-19 pandemic — including when a police officer had to escort an intoxicated, violent traveler off her plane.Magwood recently left the travel industry for a job at a tech startup. She didn't plan on quitting, but the burnout from passenger violence prompted her to seek out jobs without much customer-facing interaction.‍

Read more at Business Insider

Facebook has fallen … for a few hours — Twitter users couldn’t wait to dunk on Facebook, Instagram and WhatsApp when their platforms went dark after a system update went awry. Facebook’s engineering team’s explanation: “configuration changes on the backbone routers that coordinate network traffic between our data centers caused issues that interrupted this communication.” Aside from saving families and friends from each other’s scorn on the platform, what kind of impact did the outage have on retail? ShipHero founder and CEO Aaron Rubin tweeted that Facebook-driven non-Amazon e-commerce sales fell 27% on average. As hated as Facebook may be, it is apparent just how vital it has become to SMBs.

‍Read more at FreightWaves

The accelerated adoption of eCommerce over the past 18 months has created a potentially lucrative space for newcomers looking to reach shoppers. Brand loyalty is falling, according to several industry watchers, and nearly 84% of consumers who used online shopping during the pandemic plan to maintain their new habits, according to PYMNTS research.‍

Maggie Barnett, chief operating officer at ShipHero, said that when it comes to startups scaling operations, “eCommerce logistics is tough,” especially at a moment when hundreds of container ships are waiting offshore at ports around the world.

“Finding great products and learning how to do Facebook ads and Instagram ads and TikTok, that’s one thing. … But when it comes down to it, getting your product in right now, it’s brutal,” she told PYMNTS in a recent interview.

‍Read more at PYMNTS.com

TORONTO, Oct. 6, 2021 /PRNewswire/ -  Nulogy, a leading provider of collaborative supply chain solutions, today announced the full speaker line-up for the 2021 Nulogy xChange conference, a free industry event which will be held virtually October 19-21 from 12-3 p.m. EDT each day. The event will bring together contract packagers, contract manufacturers, third-party logistics providers, and fast-moving consumer goods (FMCG) brand leaders for networking opportunities, and to discuss the adoption and benefits of digital transformation.‍

Read more at PR Newswire

CHICAGO, Oct. 5, 2021 /PRNewswire/ -- According to a new market research report "Smart Warehousing Marketby Component (Hardware, Solutions, and Services), Technology (IoT & Analytics, RFID, AGV), Application (Inventory Management, Order Management), Organization Size, Deployment Mode, Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Smart Warehousing Market size to grow from USD 14.8 billion in 2021 to USD 25.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period. Various factors such as the proliferation of smartphones for faster goods management, the rising advancement in the eCommerce industry due to the onset of the COVID-19 pandemic, the emergence of multi-channel distribution networks, and the dynamic nature and globalization of supply chain networks are expected to drive the adoption of smart warehousing hardware, solutions, and services. However, the market faces restraints, such as a lack of uniform governance standards in the fragmented logistics industry and growing data security and privacy concerns.‍

Read more at PR Newswire