On-Demand Warehousing Start-Up Announces North American Expansion, 150,000 Pallet Positions Now Available in 85 Locations Across U.S. & Canada
Flexe's Network of Partnering Warehouses Enables Companies to Move Quickly, Build 'Elastic Supply Chains' that Right-Size Warehouse Needs Based on Demand
Jun 17, 2015, 06:00 ET
SEATTLE, June 17, 2015 /PRNewswire/ -- While there's no shortage of technology start-ups focused on new and better ways to warehouse or store digital content, the greatest market opportunity may actually focus on warehousing items in the physical world -- the kind that fit on wooden pallets.
Seattle-based Flexe is a first-of-its-kind 'shared economy' online marketplace that connects organizations in need of flexible warehousing capacity with warehouse owners that have available space. Specifically, Flexe provides customers with a cloud-based software platform that enables them to locate warehouse space in 20 markets across North America, drill-down to the ones that best meet their specific needs and then manage their inventory 24/7, across all facilities, from their desktop. Through this innovative approach to collaborative logistics, U.S. supply chain executives can now be more responsive to their customers while also better optimizing the $1.4 trillion they spend annually on business logistics.
The service is being recognized as the solution to an age-old problem facing any company that makes or distributes product: warehouse capacity is static, while most businesses are highly dynamic.
"Over the past 20 months, we've rapidly grown from serving one customer with hundreds of pallets via our on-demand storage model to more than 50 customers with thousands," said Karl Siebrecht, Flexe's co-founder and CEO. "These numbers illustrate the need for a better approach to supply chain management and the significant value we're delivering to our customers."
Since launching in October of 2013, Flexe has forged strategic partnerships with more than 85 warehouses across the United States and Canada. These partnerships enable Flexe customers – namely goods owners, retailers and manufacturers – to immediately access warehouse space and handling services at competitive prices without having to commit to a long-term lease.
"Before the launch of Flexe, we struggled with having either too much warehouse space or too little, because lease terms are typically several years long but our business is very dynamic," said Dhruv Agarwal, CEO of True Fabrications, a wholesale distributor of wine accessories including decorative bags, corkscrews and aerators. "Now we can expand our capacity when we need it to respond to seasonal peaks, hit products and promotions, and then contract it again when needed without bearing the burden of fixed lease costs."
Flexe also creates value for its warehouse partners. "We enable our warehouse partners to transform under-utilized areas into revenue-generating assets," said Siebrecht. "Our platform generates new business opportunities for them and, at the same time, makes it incredibly easy to set up, customize and manage each account."
Flexe, Inc. is the company behind a new online technology platform that's transforming the way that organizations source and manage warehousing. Using a powerful online marketplace, Flexe connects businesses needing flexible and cost-effective warehouse space with its network of warehouse partners that can meet those needs. Serving major markets across North America, Flexe is a privately held start-up based in Seattle, Wash., led by a seasoned executive team with expertise in both technology and logistics. More information on the company and its services can be viewed online at www.flexe.com
Dan Branley (206) 914-1231
SOURCE Flexe, Inc.
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