The Logistics of Logistics The New World Of Warehousing with Matt Fain
- The New World Of Warehousing with Matt Fain
Matt Fain and Joe Lynch discuss the new world of warehousing. Matt is the Co-Founder and CEO of popcapacity, which is dedicated to simplifying the process for sourcing warehouse space.
About Matt FainMatt Fain is the Co-Founder and CEO of popcapacity™, which provides a cloud-based platform that enables shipper and suppliers to seamlessly connect. Matt started his career as an electrician, and quickly found himself selling the products he once installed. He fell in love with the "Art of Sales" and found himself eventually owning a 3PL logistics franchise with Bluegrace Logistics. After some very successful years Matt decided to sell the company and shifted his focus to asset-based trucking. Matt started a company called GO Expedited, which primarily focused on high-value, time-critical, urgent freight. This is where he started to see the massive change in final mile logistics, warehousing, and fulfilment and what the future may hold. After several confirming conversations Matt and his partner, Derek Loftus decided to start popcapacity™ in 2021 with the vision of delivering frictionless warehouse and fulfillment capacity by leveraging a digital marketplace, AI and virtual touring.
About popcapacity™Popcapacity™ is the first true digital marketplace for warehousing and fulfillment space. By leveraging AI and virtual touring technology, they have accelerated and enhanced the way shippers and suppliers directly connect on amazing opportunities! The popcapacity™ marketplace allows suppliers a digital way to showcase their space and receive opportunities from customers that make sense for their business. Shippers leveraging the popcapacity™ marketplace gain access to over 30,000,000 million square feet of warehousing and fulfilment capacity at their fingertips. Fully equipped with "Digital Space Matching" technology and virtual touring to ensure you are connecting with the perfect partner. Popcapacity is Supply Chain's AirBnb for Warehousing & Fulfillment space.
Key Takeaways: The New World Of Warehousing- Matt Fain is the Co-Founder and CEO of popcapacity, which is dedicated to simplifying the process for sourcing warehouse space.
- In the podcast interview, Joe and Matt discuss the new world of warehousing. Below are the changes that were reviewed on the podcast:
- Nano-fulfillment / Micro-fulfillment. To support same-day, next-day shipping, some companies are opening warehouses that are smaller and located closer to population centers.
- Labor crisis. As ecommerce fulfillment booms, some warehousing companies are struggling to find good talent willing to work in warehousing.
- Productivity improvement / technology investment. As ecommerce fulfillment becomes an increasingly important part of the economy, warehousing companies are investing in technology to increase productivity.
- New tech-centric competitors entering the market with innovative business models. Companies like Ware2Go, Flexe, STORD and popcapacity are transforming the warehousing business with technology that greatly improves the customer experience.
- Just-in-time vs just-in-case. Many companies, especially manufacturers, utilize a just-in-time (JIT) approach to inventory management. With the delays caused by the pandemic and the port congestion, some JIT practitioners are adding more inventory just-in-case.
- Sustainability. Consumers and shippers are now expecting their logistics partners to offer more sustainable solutions. The largest logistics companies are investing heavily in sustainability which will force the whole industry to invest to keep up.
- Customer experience. Technology companies, led by Amazon, are creating a superior customer experience. Example: Ware2Go is providing on demand warehousing, so companies can scale with on‑demand warehousing and a nationwide fulfillment network.
- Matt and his team at popcapacity leverage proprietary technology to streamline the process of procuring warehouse space, while also understanding the power of relationships in supply chain.
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