Huboo announces growth of 130%
European ecommerce fulfillment company Huboo has grown more than 130 percent in the last year. According to the company, it raked in over 23.4 million euros (20 million British pounds) in new business.
1,100 new clients
The company is now announcing that it expects to double in size by the end of 2023. In the last 12 months, it was able to add 1,100 new customers to its portfolio. At this moment, the company employs more than 600 people. It is planning to hire 200 more for the holiday season.
‘Consumer confidence is starting to rise, so businesses have an opportunity to grow’
“Consumer confidence is starting to rise again, so ecommerce and social commerce businesses are facing a fresh opportunity to grow – and we are ready to support them on that journey. Choosing the right fulfillment partner is foundational to online retail success, and our latest round of growth figures show that we are delivering for our customers time and time again”, says Martin Bysh, co-founder and CEO.
2.5 million items shipped per month
Within the United Kingdom, one in every five households receives products picked, packed and shipped by Huboo. The company says that it transports almost 2.5 million items per month. It also stores more than 18 million items, which are worth a quarter of a billion euros, across its European warehouse network.
The fulfillment company is known for its warehousing model focused on ‘hubs’. Warehouses are divided into micro-warehouses that are run by small teams. According to the company, this model enables employees to take on varied roles, leading to higher job satisfaction.
‘The satisfaction of warehouse teams directly leads to our level of service’
“We have worked hard to create an environment that is not only good for business and our clients, but also for our people. Our employee turnover rate is almost 0 percent, far lower than the industry average of 37 percent – and I am a firm believer that the satisfaction of our warehouse teams directly leads to the outstanding level of service we deliver for our customers.”