Online sales are skyrocketing as people stay home amid the pandemic. E-commerce as a share of total U.S. retail sales increased by more than 4% sequentially in the second quarter. More than 10 years of digital commerce adoption has taken place in the past three months, according to McKinsey.
It’s unclear whether these trends will stick in a post-pandemic world. But for now, it’s a boon for companies such as Flexe.
The Seattle startup was already growing quickly before COVID-19, but the pandemic has driven even more demand for its flexible warehousing solution.
Flexe operates a marketplace that gives retailers a way to purchase warehousing space on an on-demand basis and turn what was traditionally a fixed expenditure into a variable cost.
Consumer expectations for fast shipping, largely driven by Amazon, have forced retailers to invest in their delivery networks. But if