Logistics platform ship Bob, that's a startup being used
by more than 7000 online brands to ship orders everywhere
their customers shop. And now the company offering a
new freight transportation solution called freight bob, It comes
just a week after ship bob also announced it's opening
its first fulfillment center in mainland europe. And joining
me now to discuss is Dhruv Saxena co founder and
ceo of ship bob Drew thanks so much for coming
on the show. I know your startup describing is
shipping and logistics operation as best in class. So
what sets it apart from other companies in this space
? Absolutely. And thank you for having me.
And what sets us apart is we have a network
of fulfillment centers all across the country and now the
globe which helps our merchants take advantage of a growing
network where they can now place inventory across the entire
network, such that when somebody places an order,
let's say from new york, it gets shipped out
from a New Jersey fulfillment center and not from a
California fulfillment center. So this ability for the merchants
to place inventory so close to the end customer allows
them to you know, provide the same day next
day, two day shipping experience on their website,
which allows them to provide a great shopping and shipping
experience for their customers. Data drew showing that these
global supply chain challenges actually increased in the month of
april from the month of March, how are the
global supply chain challenges impacting your company. Yeah,
absolutely. So you know, for a lot of
our merchants china continues to be the source of where
a lot of their manufacturing happens. So global supply
chain bottlenecks have a big impact because it slows down
their their ability to bring products into the U.
S. For for consumption by their customers. So
that's the reason why fraid bob program that we recently
announced last week allows us to take advantage of a
group of merchants or a large number of merchants that
Shabaab has, where we pull all of the inventory
from china into one container. That entire container then
contains merchants. Shabaab's merchant's inventory. That container makes
its way from china to the port of Long Beach
in the U. S. From the from the
portrait makes its way to a ship. A fulfillment
center where the container then gets opened up and the
inventory gets distributed across the network of fulfillment centers across
the country. So emerged since I don't have to
worry about securing a place in a large container because
the entire container has been reserved by ship before its
merchants. Which really allows our merchants to bypass some
of the supply chain bottlenecks. And I see your
company choosing Poland as a location for your first fulfillment
center in europe of course, where a lot of
these refugees from Ukraine and millions of them are leaving
and fleeing to Poland. Why was Poland the right
choice? Yes. So some of these decisions,
you know, were made quite some time in advance
. So, but the reason why we chose Poland
is um, you know, in the europe,
the largest markets in europe is Germany. And so
having a location right at the german polish border allows
us to target Poland but also allows us to service
the german market. And so the Poland also has
a large labor pool which allows us to, you
know, provide a world class shopping experience to our
merchants who are looking to tap into the Eu market
, especially the german market. And so the,
so that was the rationale behind choosing Poland, really
effectively trying to service the german market in a cost
effective manner. Quickly drew are you looking to raise
money right now? We, we raised a large
ground mid last year, so we have enough cash
on the balance sheet which allows us to get through
this economic cycle without having to raise any more capital
Dhruv saxena coming to us from Chicago, who's the
co founder and ceo ship bob drew, Thank you