News Formal

Shopify insiders brace for strategy shift in logistics business

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Shopify insiders and analysts are bracing for a strategy shift in the company's logistics business

Shopify executives have pitched its foray into the world of logistics as an essential next step to

They said that"they were very, very focused on spend, and that there were definitely levers that they are considering pulling to maybe get more cash flow positive," Wong said."The fulfillment investment is sort of the biggest anchor that's keeping the business from being more profitable." CFO Jeff Hoffmeister said Shopify's 2022 acquisition of Deliverr — a $2.1 billion deal and the firm's most expensive acquisition to date — had helped the team to learn the fulfillment business.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shopify changes earnings call time as employees brace for layoffsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »