We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » MonarchFx launches food and beverage fulfillment division
newsworthy

MonarchFx launches food and beverage fulfillment division

June 28, 2018
DC Velocity Staff
No Comments

Logistics service provider MonarchFx on Wednesday said it had launched a food and beverage division that will offer fulfillment services capable of supporting both online shopping and traditional grocery stores.

Combining online services with brick and mortar food fulfillment in a "unichannel" concept will allow food retailers to adapt in a fast-changing sector, Jim Tompkins, the founder of supply chain consulting firm Tompkins International who launched MonarchFx in 2016, said in a statement.

Grocery stores could soon evolve into places to dine, taste, and explore new products, even as they build online platforms that can support myriad delivery and pick up options, Tompkins said in a video titled "The New Grocery: Distributed Logistics." Raleigh, N.C.-based MonarchFx also announced it had hired Keith Goldsmith as senior vice president, responsible for leading customer growth for the food and beverage sector.

"Few industries are experiencing more disruption than grocers and food producers," said Tompkins. "Winners in the world of the new grocery have recognized it is not about online versus traditional stores, but rather the emergence of an entirely new shopping experience that leverages both."

The move is the latest expansion by MonarchFx, which has targeted the e-commerce fulfillment sector by compiling a team of logistics industry partners who are intending to open a nationwide network of automated DCs in time for the 2018 peak holiday season.

By launching a food and beverage unit, MonarchFx is entering a sector that is in the midst of an overhaul lead by major players such as e-commerce giant Amazon.com Inc., which purchased Whole Foods Market in 2017, and grocery chain Kroger Co., which signed a deal in May to partner with the British online grocery fulfillment service Ocado.

The turbulence of that change could create a good market opportunity for MonarchFx's new offering, according to Lindsey Mazza, a senior manager in the North American Supply Chain Technologies practice at consulting firm Capgemini. "The grocery industry is on the precipice of a full-cycle disruption," Mazza said in an email. "Customer interaction with grocery retailers is about to change in a big way and there is no clear winner yet in the fulfillment space; leading edge fulfillment providers offering new services will create an edge for traditional grocers."

Although traditional grocery inventory like dry goods have a famously low profit margin, retailers have recently added a succession of value-added offerings that change that balance, she said. Those products range from prepared foods and home meal replacement to in-store services in the bakery, deli, produce, and meat and seafood departments.

Despite those growing margins, many start-ups have failed at the test of handling and transporting delicate fresh foods, she said. But in recent years, providers have begun to fine-tune their ability to pick and deliver groceries, so a skilled food and beverage fulfillment firm could find a great opportunity. "Customers are ready for order on-line, pick-up in store, for home delivery and for pick-up at easy-access locations be it close to home to close to store," Mazza said. "Grocers and fulfillment alliances have partnered to overcome the hurdles, and customers are pushing the envelope of developing the next fulfillment choice."

KEYWORDS Amazon.com MonarchFx Tompkins International
  • Related Articles

    Averitt Express launches fulfillment division to serve e-commerce boom

    MonarchFx to handle Lego logistics for latest client

    Twinlode Announces Management Services Now Available to International Food and Beverage Supply Chain

Recent Articles by DC Velocity Staff

Kearney launches “supply chain institute” as more companies seek resilience plans

Trucking industry lobbies for leverage in transition to zero emissions

Safety will be top of mind on National Forklift Safety Day 2023

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Wireless technology could help electric trucks charge more safely, efficiently

  • Thoma Bravo completes $8 billion buyout of Coupa Software

  • What’s shaping omnichannel fulfillment strategies?

  • WMS feels the squeeze

  • Fast DCs require layers of automation

Now Playing on DCV-TV

Ce1e8b83 026c 4709 8554 43eef6c78213

Will the Silicon Valley Bank Fallout Affect Your Supply Chain? And Our Salute to the Women Supply Chain Leaders

DCV-TV 4: Viewer Contributed
The developments with Silicon Valley Bank and other financial institutions have gotten everyone’s attention. Will these banks be “isolated incidents” or do they portend a contagion with dire economic consequences? Candidly, I think the verdict is still out.That said, we’ve heard from some shippers and columnists who...

FEATURED WHITE PAPERS

  • The Future of Fleet Management: 5 Trends and Influences That Will Drive Logistics in 2023

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing