Shopify Fulfillment Network

Shopify has been hunting for a catalyst: Did it find one in B2B?

Shopify logo on computer

E-commerce isn’t what it used to be. Customers began shopping online at unprecedented rates during the pandemic, but digital sales have since slowed significantly and caused e-commerce stocks to plummet.

Shopify (NYSE: SHOP) has been one of the biggest losers. If you were to pull up a chart of Shopify’s stock performance since the beginning of 2020, you would be met with a worrying sight. Since reaching a pandemic high of over $1,600 a share toward the end of 2021, shares have returned to where...

https://www.freightwaves.com/news/shopify-has-been-hunting-for-a-catalyst-did-it-find-one-in-b2b

Shopify acquiring Deliverr for $2.1B, looks to improve fulfillment network

white delivery van on highway

Shopify on Thursday announced it is acquiring last-mile technology company Deliverr for $2.1 billion. Deliverr provides management software to manage final-mile deliveries through an asset-light network of warehouse, carrier and last-mile partners.

“Our goal is to not only level the playing field for independent businesses but tilt it in their favor — turning their size and agility into a superpower,” Tobi Lütke, Shopify’s CEO, said in a statement, which accompanied Q1 earnings. “Together with...

https://www.freightwaves.com/news/shopify-to-buy-last-mile-delivery-tech-firm-deliverr

Shopify predicts slowing revenue; investors sink stock

Shopify stock fell more than 18% in morning trading Wednesday after the Canada-based e-commerce platform said it expected the COVID-induced economic boom to subside this year even as it said retail would continue to embrace e-commerce.

“Our outlook for 2022 assumes continued secular tailwinds for entrepreneurship and digital commerce transformation against a more measured macro environment relative to 2021,” the company said in a release announcing its Q4 2021 and full-year economic results....

https://www.freightwaves.com/news/shopify-predicts-slowing-revenue-investors-sink-stock

Shopify revenues accelerate but growth rate to start slowing

Shopify announces standout Q1 earnings

The e-commerce boom of 2020 is continuing into 2021 and one of the first major e-tailers to announce Q1 earnings is confirming that. Shopify (NYSE: SHOP) reported total revenue in Q1 of $988.6 million, 110% growth year-over-year, powered by a 137% growth in Merchant Solutions revenue of $668 million.

Subscription Solutions revenue climbed 71% to $320.7 million, the Canadian-based company said Wednesday morning.

“Shopify’s momentum continued into 2021 as digital commerce tailwinds remained strong...

https://www.freightwaves.com/news/shopify-revenues-accelerate-but-growth-rate-to-start-slowing

Shopify says fulfillment network handled record volumes during holidays

A package is handled by a warehouse worker wearing gloves at a Shopify fulfillment network facility.

Shopify’s (NYSE:SHOP) U.S.-based fulfillment network handled a record volume during the holiday season, the Canadian e-commerce company said on Wednesday as it reported record fourth-quarter financial results. 

The company offered no details about how many shipments the Shopify Fulfillment Network handled or the impact on its financial performance. The network, launched in 2019, uses automated warehousing technology to allow merchants to manage inventory off-site and ship orders in direct...

https://s29755.pcdn.co/news/shopify-says-fulfillment-network-handled-record-volumes-during-holidays

Shopify CEO envisions fulfillment network on global scale

A warehouse worker with a robot from 6 River Systems. The CEO of Shopify says warehouse automation will play a key role in scaling its fulfillment network.

The future for Shopify’s (NYSE:SHOP) fulfillment business could involve a network of highly automated warehouses that lean on technology including robots, CEO Tobi Lutke told financial analysts on Friday after the Canada-based e-commerce company reported third-quarter financial results.

“We can have tens, hundreds, potentially thousands [with] partners and some homegrown ones around the world and balance the products where they need to be stored,” Lutke said.

Lutke made the comments as Shopify...

https://s29755.pcdn.co/news/shopify-ceo-envisions-fulfillment-network-on-global-scale

Today’s Pickup: Shopify’s fulfillment strategy ‘validated’ by COVID-19

A warehouse worker with a robot at a Shopify fulfillment facility.

Good day,

Shopify had its single-largest increase in merchants joining its fulfillment network during the first quarter, the company said today as it reported financial results.

Canada-based Shopify did not disclose any specifics about the growth of its fulfillment business. But executives made clear that its push into fulfillment takes on renewed importance as COVID-19 accelerates brick-and-mortar stores shift online.

“I think COVID-19 validates the decision to go into fulfillment,” Shopify Chief...

https://www.freightwaves.com/news/todays-pickup-shopifys-fulfillment-strategy-validated-by-covid-19

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