Shopify introduces AI-powered fulfillment network for SMB partners
Category: #retail  By Paroma Bhattacharya  Date: 2019-06-21
  • share
  • Twitter
  • Facebook
  • LinkedIn

Shopify introduces AI-powered fulfillment network for SMB partners

Shopify, an e-commerce SaaS provider has reportedly introduced an AI powered fulfillment network for its merchants as the company is working to differentiate its product portfolio from other industry contenders.

Seemingly, the fulfillment network was announced along with a group of platform and product updates at the annual partner conference of Shopify. The network is powered by machine learning, uses inventory-allocation technology for matching orders, negotiating rates, and routing inventory.

Sources familiar with the matter mentioned that the cost of shipping is believed to be a barrier to growth for various merchants. With its own fulfillment network, Shopify claims it will be able to provide merchants with lower-cost shopping which would be completely managed through the system of Shopify.

According to Jean-Michel Lemieux, Shopify CTO, the fulfillment network will include a combination of distribution centers owned and shared by Shopify and is a first for the company, as its merchants previously had to work with third party logistics providers to ship inventory. In addition, Lemieux pointed out that products shipped through fulfillment network of Shopify will reach in merchant-branded boxes and will cover purchases made across channels.

Apparently, after launch, the fulfilment services of Shopify will mainly target small and medium sized businesses and access to the program will depend on product type of a merchant and fulfilment requirements. The network will develop for supporting merchants of all sizes, Lemieux added.

Sources informed that for enterprise brands, Shopify also updated the Shopify Plus platform and unveiled more worldwide capabilities, including an updated Translations API, support for 11 new languages, and the ability to sell in various currencies. As for Shopify Plus, the modernized platform will make it simpler for merchants to operate several sub-brands in stores, with all stores visible from a single interface and an easier workflow for adding new stores. 

Supposedly, Shopify is also allowing merchants to display products in video, 3D models, and augmented reality, and has enabled support for 3D models within Shopify.

 

Source Credit: https://www.zdnet.com/article/shopify-creates-ai-powered-fulfillment-network-for-smb-merchants/



About Author

Paroma Bhattacharya

Email: [email protected]   

Paroma Bhattacharya

Paroma currently works as a content developer for Algosonline, MSF and a series of alike platforms. Fortified with a post-graduation degree in Journalism and Mass Communication, she delved head long into a writing career, creating resourceful and information enriched ...

Read More

More News By Paroma Bhattacharya

Walmart to roll out Delivery Unlimited grocery service across U.S.
Walmart to roll out Delivery Unlimited grocery service across U.S.
By Paroma Bhattacharya

Walmart, the retail giant, recently announced that it is rolling out a new Delivery Unlimited grocery service in 1,400 Walmart stores across U.S. Reportedly, the subscription membership will charge an annual fee of USD...

Amazon gears up for Diwali sale, expands next-day delivery service
Amazon gears up for Diwali sale, expands next-day delivery service
By Paroma Bhattacharya

The firm has increased its overall reach for large appliances to 14,000 pin codes and next-day delivery facilities to over 650 cities.

Amazon.in, the Indian divisio...

4BIO Capital intends to take gene and cell therapies mainstream
4BIO Capital intends to take gene and cell therapies mainstream
By Paroma Bhattacharya

The venture capitalist firm has secured an investment of $50 million and is expecting to gather an investment of up to $150 million till 2020.

4BIO Capital, a Londo...