#USA #Atlanta #logistics #Stord #AMS Fulfillment

Stord Strengthens Its Logistics Network with AMS Fulfillment Acquisition

In a significant boost to its logistics operations, Stord, known for providing physical intelligence for independent commerce, has announced the acquisition of AMS Fulfillment, a respected third-party logistics provider. This strategic move not only enhances Stord's fulfillment capabilities but also marks the company's largest acquisition to date. AMS Fulfillment is renowned for processing over 10 million orders annually for reputed brands in the beauty and wellness sectors, thereby adding considerable value to Stord’s network.

Expanding Network Capabilities

The acquisition introduces over 1 million square feet of additional warehouse space concentrated in key metropolitan areas such as Los Angeles, Salt Lake City, and Philadelphia. This expansive network now positions Stord with more than 100 locations globally, significantly increasing its service capabilities and operational reach.

According to recent reports, Stord has transformed remarkably over the past four years, experiencing a tenfold growth and currently processing an impressive $15 billion in gross merchandise volume (GMV) annually across more than 1,000 brands. Stord’s broad audience reach is considerable, with its services extending to approximately one in four households in the U.S.

Leveraging Technology and Innovation

Stord is not only expanding its network but is also committed to investing heavily in technology and innovation. Following a recent $400 million credit facility led by Citi and a previous $250 million in Series F funding, Stord is moving ahead with its plans for advancing AI deployment and robotics. These investments fall under the umbrella of Stord Labs, the company's dedicated arm for developing advanced technological solutions.

In addition to fulfilling consumer demands, this acquisition facilitates Stord’s strategic growth and enhances the speed and reliability that modern consumers have come to expect. As Sean Henry, CEO and Co-Founder of Stord, remarked, the logistics operations following the checkout process are pivotal to ensuring customer trust. The acquisition of AMS not only brings scale but also adds to the technological muscle needed to maintain a competitive edge in the evolving landscape of e-commerce.

The Legacy of AMS Fulfillment

For over 20 years, AMS Fulfillment has catered to esteemed retailers and brands, ensuring high-quality services that honor the intrinsic value of fulfillment in the consumer experience. The integration with Stord is a natural synergy, as both companies prioritize a customer-centric approach. AMS’s advanced fulfillment facilities already utilize automation technologies like put walls and sortation systems, which will seamlessly align with Stord’s efforts to integrate advanced robotics and AI solutions.

Greg Morello, CEO of AMS Fulfillment, expressed enthusiasm about joining forces with Stord, stating that this partnership would enhance the fulfillment experience, blending AMS’s stellar legacy with the expansive capabilities of Stord.

Looking Ahead with Confidence

As the holiday season approaches, Stord is gearing up to optimize its offerings using the newly acquired administrative and technological infrastructure. The combined forces of Stord and AMS Fulfillment are set to configure a robust operational model that prioritizes efficiency and customer satisfaction within the ever-evolving timelines of commerce.

In summary, this acquisition reaffirms Stord's commitment to scaling its logistics network while simultaneously utilizing cutting-edge technology to enhance operational efficiency. The alignment of resources and innovations paves the way for a promising trajectory as Stord continues to support brands in their quest for superior direct-to-consumer relationships. As it stands, Stord not only adds to its capabilities but also further enriches the e-commerce experience through smarter, faster, and more reliable logistics solutions.