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
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
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.
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