Boxed Announces Enhanced Collaboration with FedEx
May 12 2022 - 12:15PM
Boxed (NYSE: BOXD) (“Boxed” or the “Company”), an e-commerce
grocery platform that sells bulk consumables and licenses its
e-commerce software to enterprise retailers, today announced a new
multi-year collaboration with FedEx Corp (NYSE:FDX), in which the
carrier will now deliver most of Boxed’s customer shipments.
The mutually agreed upon increase in shipment
volume will allow Boxed to reduce the amount it spends on
transportation across all its fulfillment centers. The company will
reinvest the capital saved in better pricing for customers and more
promotions on the products they love. In addition, more Boxed
customers will have access to seven day a week service.
“In this challenging supply chain environment,
e-commerce companies are seeking new avenues to counter escalating
costs, and provide the best possible service to their customers,”
said Boxed CEO Chieh Huang. “This enhanced alliance with FedEx
provides us with the opportunity to address both.”
Boxed and FedEx have enjoyed a strong relationship
since the company first started shipping orders in 2013., Boxed
will increase its shipping capabilities by fully leveraging the
FedEx network, and provide even better service to customers.
The commitment from FedEx will help Boxed grow its
retail business and provide a consistent delivery experience
throughout the country.
“The collaboration between FedEx and Boxed
demonstrates how e-Commerce providers and shipping companies can
craft new solutions to collectively meet our customers’ new demands
and needs today and tomorrow,” said Ryan Kelly, vice president
E-Commerce, SAM & Retail Marketing, FedEx. “We’re proud of this
alliance and look forward to enabling Boxed and its retailers
access to supply chain flexibility and capability that is unrivaled
in the marketplace. It is what’s next for businesses of all
sizes.”
About Boxed
Boxed is an e-commerce retailer and an e-commerce
enabler. The Company operates an e-commerce retail service that
provides bulk pantry consumables to businesses and household
customers, without the requirement of a “big-box” store membership.
This service is powered by the Company’s own purpose-built
storefront, marketplace, analytics, fulfillment, advertising, and
robotics technologies. Boxed further enables e-commerce through its
Software & Services business, which offers customers in need of
an enterprise-level e-commerce platform access to its end-to-end
technology. The Company has developed a powerful, unique brand,
known for doing right by its customers, employees and society. For
more information visit www.boxed.com.
Media Contact
Dave Taftdave@boxed.com(732) 895-8238
FedEx (NYSE:FDX)
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