Newsroom > Warehouse startups that rode the e-commerce boom to the top are recalibrating for a cool down by cutting jobs and delaying fundraising

Warehouse startups that rode the e-commerce boom to the top are recalibrating for a cool down by cutting jobs and delaying fundraising

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Startups that once rode the rocket ship of the pandemic e-commerce boom are adjusting to solid ground again. E-commerce is still growing, but the days of seemingly unlimited demand for storage, packing, and shipping services are in the past.

Those circumstances demand a recalibration, not just from the household names of logistics like UPS, FedEx, and DHL but from a slew of venture-backed e-commerce fulfillment startups — many of which contain the word “ship” in their name, and most of which raised the vast majority of their funding in the last two years.

Read more at Business Insider

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