U.K. Based Multi-Channel Fulfillment Solution Huboo Experiences Unprecedented Growth During Coronavirus
Bristol-based fulfillment center huboo has continued to seize new business during the COVID-19 epidemic with a unique, socially-distanced ‘micro-hub’ design implemented well before lockdown began.
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With a recent investment by Maersk Growth, the corporate venture arm of shipping giant AP-Moller Maersk, huboo was experiencing 100% quarter-on-quarter growth prior to the onset of the pandemic.
The firm is now reporting 50% growth on last month’s figures and serves nearly 300 retailers. With an initial seed funding of £1m last year, this tripling of its customer base represents a 600% year on year increase.
Amazon’s lengthening FBA lead times, supermarket stock issues and coronavirus forcing firms to ecommerce models have been attributed to this rapid growth during a time of wide-spread economic turmoil.
“Amazon’s decision to prioritize its own essential items and increase third-party FBA fulfillment lead times by up to four weeks has led to many businesses having to look at handling their own logistics. Lockdown has also seen businesses and consumers who previously resisted the pull of ecommerce being driven online. These are working in tandem in driving SMEs to look for alternative fulfillment options.”
Martin Bysh, huboo CEO and co-founder
huboo Plans Further Expansion in The U.K.
While huboo’s plans for expansion into Europe have been put on hold, the company plans to grow the use of its SaaS interface throughout the UK, along with more clients and more warehouses.
huboo integrates with many popular online shopping platforms such as Amazon, eBay, Shopify, and many others.
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DEFINITION // 3PL // Common abbreviation for Third-Party Logistics that typically describes order fulfillment through a warehouse company that picks, packs, and ships online orders on demand. Third-party warehouses may also provide additional services, such as receiving bulk goods and repackaging them for individual sale as well as receiving and managing customer returns. 3PL providers usually integrate with the most popular online commerce platforms, carts, and marketplaces. Learn More
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Editorial Note: This post is from a Company Press Release and may have been modified for clarity.