*Update: UPS Debuts e-Ventures to Incubate E-Commerce Support

Share this content:
United Parcel Service, Atlanta, formed a new subsidiary that will help provide back-end services for e-commerce companies, the company said this week.


The new division, called e-Ventures, will serve as the research and development arm of UPS' e-commerce operations. It will seek to develop new businesses that can leverage the existing warehouse and delivery infrastructure of UPS while helping more companies succeed at e-commerce.


"We want to build more businesses that 'virtualize' themselves and participate in the new economy," said Mark Rhoney, president of the e-Ventures unit.


He said e-Ventures has about five different businesses that it's developing, including a new unit called e-Logistics that will provide outsourced warehousing, order picking, customer service and other functions for small and medium-sized e-commerce companies or traditional companies that have a small e-commerce component.


Rhoney said e-Logistics has four customers lined up to begin testing the service in the second quarter, with additional tests slated for the third quarter. The business is scheduled to begin operating in October. UPS will invest an undisclosed sum to provide e-Logistics with infrastructure components such as additional distribution centers and a technology package.


UPS already performs some customized logistical functions for larger Internet sites, including Nike.com and Boo.com.


In addition to e-Logistics, Rhoney said e-Ventures has several other businesses in the planning stages. One of the other businesses, he said, could become a central repository for digital certificate authentication.
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences and drive measurable results. PAN services clients out of the firm's four offices: Boston, San Francisco, New York City and Orlando.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above