Bridgestone Puts Wrench in Plans for Digital Commerce, Chewy Looks for Bigger Bite of Veterinarian Market and Ecommerce Spurs DHL To Invest $300M in U.S. Shipping Operations
Bridgestone Puts Wrench in Plans for Digital Commerce
Bridgestone Americas, a unit of Bridgestone Corp., the world’s largest tire and rubber company based in Japan, is acquiring a 10% stake in Wrench, a Seattle-based mobile vehicles services and technology company.
Wrench was founded in 2016, primarily as an ecommerce and mobile vehicle service for consumers that wanted to book appointments for vehicle repair at a convenient location. In recent years, the company has expanded into B2B ecommerce with a similar business model for fleet operators.
“With the rise of ecommerce and on-demand services, consumer preferences for car maintenance and car care are changing,” said Bridgestone Americas president of mobility solutions Brian Goldstine. “Wrench, combined with our company-owned retail stores and affiliated dealers partners, will create a service platform that gives consumers trusted automotive service with added convenience and flexibility.”
The key reason for making the deal is to pair Bridgestone’s more than 2,200 company-owned automotive service stores with Wrench’s complementary mobile services marketplace, which include on-site automotive maintenance, access to roadside and towing, vehicle detailing and more.
What stood out to us? Looks like the rubber is meeting the road.
Chewy Looks for Bigger Bite of Veterinarian Market
Chewy Inc., the online pets supply web merchant that last year generated net sales of $7.14B selling to consumers, is diversifying into more B2B ecommerce. The company, which maintains an online inventory of more than 70,000 products encompassing more than 2,500 brands, has launched an ecommerce service and platform for veterinarians.
The new platform, known as Practice Hub, lets veterinarians set prices, create pre-approved prescriptions and earn revenue when customers place an order in-clinic or purchase from them while shopping on Chewy.com.
“We are offering veterinarians a complete ecommerce solution for their customers,” said Chewy CEO Sumit Singh. “Practice Hub leverages the benefits of our quick and reliable delivery, unparalleled customer care and convenient auto ship subscription service.”
Practice Hub is Chewy’s latest move into the veterinarian market, which in the U.S. generates annual sales of more than $19B, according to Grandview Research.
What stood out to us? Even Fido is getting in on the B2B ecommerce game.
Ecommerce Spurs DHL To Invest $300M in U.S. Shipping Operations
DHL eCommerce Solutions, a division of Deutsche Post DHL, announced that it is investing $300M over five years to open five new distribution centers, upgrade its information technology network and make other infrastructure improvements.
With the investment, DHL says it will increase the square footage of its U.S. distribution centers by 70%. So far, DHL has opened two new centers it calls “international export gateways” in Franklin Park, Illinois and Whittier, California. A third new center is slated to open this month in Carteret, New Jersey.
“As our network grows and we become more efficient through automation, our customers will benefit by getting their goods quicker to their eager consumers,” says Lee Spratt, CEO of DHL eCommerce Solutions, Americas. “We are investing long-term because we believe consumers will continue to buy more online, and we will see additional online shops popping up, so we want to be prepared to meet this future demand.”
What stood out to us? You’re gonna need a bigger warehouse.
Before you go...
Distributors need to change with the times, and the time for digital is now.
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