E-commerce providers are now processing trillions of dollars in transactions every year. Helping over two million merchants make this happen, Shopify has become a critical tool for businesses in more than 175 countries around the world. With its cloud-based, multi-channel commerce platform that lets small and medium enterprises start, grow, and manage a business with a store, both online and in brick-and-mortar locations, Shopify is now a leading provider of essential commerce infrastructure.
With an extensive offering of products and services that are engineered for reliability and ease of use, the company’s software allows merchants to design, manage, and sell their products across multiple sales channels, including web and mobile storefronts, social media, physical retail locations, pop-up shops, and marketplaces. It also enables merchants to manage products and inventory, establish customer relationships, process orders and payments, ship orders, and leverage analytics and insightful reporting.
In addition to millions of small and medium businesses, Shopify is trusted by brands such as PepsiCo, Heinz, Tupperware, Netflix, Staples, and many more. As a result, it is now responsible for processing over $175 billion in gross merchandise value for its customers.
Shopify is currently placing the highest importance on opportunities that it expects will significantly expand merchants’ businesses, accelerate its product roadmap, or have strong paybacks from improved operational efficiency. It is in a transitional period in which it is investing in several core themes to ensure long-term success. While profitability may be impacted in the near term, the company anticipates that these investments will allow it to emerge from the current macroeconomic cycle stronger and will position it well for long-term growth and sustainable profitability