Engaged in advancing innovative solutions for large-scale market applications
Tel Aviv, Israel, Nov. 08, 2022 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that Jeffs’ Brands Ltd. (“Jeffs’ Brands” owned 35.27% by Medigus), a data-driven E-commerce company operating on the Amazon Marketplace, has taking steps to support its growth and expansion.
Jeffs’ Brands entered into an agreement with a U.S. based storage and logistics center intended to support the Jeffs’ Brands’ plans to sell its products directly and launch new E-commerce platforms.
Jeffs’ Brands intends to offer Fulfillment by Merchant (FBM) services as Amazon continues limiting Fulfillment by Amazon (FBA) based inventory and service activities.
The storage and logistics center is located near the second largest port in the U.S., Newark Airport and close to JFK Airport in New York. The center offers an aggregate of 100,000 square feet with 20 loading docks for loading and unloading container and trucks. The center handles supply chain, inventory and order processing as well as shipping directly to end- customers.
“Having designated storage, logistics and shipping capabilities are key elements in our business future growth. The ability to store our inventory in close proximity to central logistic locations with high capacity to process orders and ensure shipping to our end customers, will enable us to start direct sales from our brand’s websites, launch on new E-commerce platforms and support our FBM new activities,” Victor Hakmon, Chief Executive Officer of Jeffs’ Brands.
FBM allows the seller control of the entire shipping and handling process. Instead of paying a service fee and providing shipping inventory to Amazon to fulfill sales, the seller uses its resources and sends the items directly to its customers. By using FBM, a seller takes complete control of the entire process, from purchasing to shipping and receiving.
About Jeffs’ Brands Ltd.
Jeffs’ Brands is transforming the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential. Through Jeffs’ Brands’ stellar team’s insight into the FBA Amazon business model, Jeffs’ Brands is using both human capability and advanced technology to take products to the next level. For more information on Jeffs’ Brands Ltd. visit https://jeffsbrands.com.