WAREHOUSE À LA CARTE
Getting goods from supplier to store is a $163 billion global industry ripe for a rethink, says Sean Henry, the 21-year-old cofounder of stord, an Atlanta-based on-demand warehouse service.
So you’re a kind of warehouse Airbnb?
customers choose us not just for our warehouses but for our software. The industry runs off emails, phones and faxes—the average warehouse order takes 25 minutes of human interaction. We said, “if we build software to give customers more transparency into trucks and warehouses, we can help them be more efficient.”
How many facilities do you have?
in the ballpark of 160. We go to mom-and-pop operators and tell them stord can give them access to customers that wouldn’t otherwise use them.
How do you persuade them to adopt this new model?
everyone’s competing on delivery speed against Amazon. We can integrate our software into their existing warehouses, then see where they need to add distribution points in stord’s network for a better supply chain.
How fast can Stord move?
if Walmart in Georgia orders 5,000 units from a supplier and that supplier needs a new warehouse in Atlanta, they can get it within 24 hours.