Topic: How To Invest

Stock Pickers Digest Hotline – Friday, September 13, 2019

Article Excerpt

SHOPIFY INC., $449.23, symbol SHOP on Toronto, offers merchants of all-sizes Internet-based software to design, set up and manage stores across multiple sales channels. They include permanent and temporary retail stores, but also web, mobile and social-media platforms. In June 2019, Shopify launched an Amazon-like fulfilment network in the U.S. It provides an add-on service to merchants currently using the company’s e-commerce platform. Shopify says the service will provide lower-cost storage of merchandise and faster shipping to online shoppers. The network also aims to let merchants, large and small, gain access to advanced logistics technology. Now, the company will buy 6 River Systems for $450 million U.S. 6 River has extensive experience in fulfillment software and robotics. It was founded by executives from Kiva Systems (now Amazon Robotics). Shopify believes that adding 6 River Systems’ cloud-based software and its mobile robots, called “Chuck,” to the fulfillment network will improve warehouse operations. This includes optimizing on-site workers with daily tasks like inventory replenishment,…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.