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Fabric lays off 40% and shifts business model

3pl Business Models e-Grocery ecommerce Funding Fundraising G2P Goods To Person Last Mile Venture Capital

Fabric lays off 40% and shifts business model

Fabric cuts 40% of staff Fabric recently announced it was laying off 40% of its staff and changing its business model (source). STIQ has tracked Fabric for a few years and this is our view of the announced changes: FABRIC: Website | LinkedIn | Crunchbase | YouTube | WarehouseAutomation Fabric was founded in Israel in 2015 under the name "Commonsense Robotics". In 2019, the company changed its name to Fabric (source).   (formerly known as) The original business model appeared to target grocery customers with fulfilment equipment with Fabric operating as a vendor of material handling equipment. A lack of traction among grocery customers may have...

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Ocado Re:imagined - STIQs view

3D Automation Cart Software e-Grocery ecommerce Ocado Robotics Warehouse

Ocado Re:imagined - STIQs view

This blog post outlines STIQs view of the new product releases in Ocado's January 2022 Re:imagined event and includes comments from STIQs presentation with Credit Suisse (equity research team) on January 31st, 2022. Agree? Disagree? We invite your comments on this blog post!   On Wednesday January 26th, 2022, Ocado Group updated the world on some of its more recent developments. These broadly fell into hardware and software developments: Hardware 600 Series Bot On Grid Robotic Pick Automated Frame Load Software Swift Router Orbit Flex 600 Series Bot The new upgraded bot featured a 3D printed chassis, what STIQ believe to be wireless charging plate...

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