Shopify Inc. is launching a network of warehouses to centralize delivery and lower shipping costs for its merchant clients.
By launching a network of warehouses, often called “fulfillment centres,” Shopify is adapting a key tool of its adversaries for the benefit of some of its 820,000 merchants, while also opening up a potentially lucrative additional revenue stream. The company says it will use the artificial-intelligence technique of machine learning to predict how much of a given product should be in a given warehouse at a given time to ensure fast delivery at lowered costs.
Meanwhile, Amazon has been rapidly expanding its own warehouse network, with more than 75 across North America. It keeps adding in Canada, too, with warehouses in British Columbia, Alberta and Ontario, where it announced a sixth provincial location in Caledon, Ont. last year.
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