CHICAGO, Dec. 18, 2018 /PRNewswire/ -- Logiwa, a warehouse and inventory management software company, recently announced strong business growth numbers which illustrate the need for innovative warehouse and inventory management solutions. At the conclusion of 2018, Logiwa has experienced:
A tripling in customer numbers
14% month-over-month compound growth
Tripling the number of employees following the move to a new Chicago office
On average, customers doubled their shipments due to higher efficiency
Logiwa's rapid growth parallels that of the ecommerce logistics industry boom as more companies outsource logistics. With the global ecommerce industry expected to reach 4 trillion USD by 2020, Logiwa expects the demand for scalable inventory and warehouse management solutions to continue to rise.
"The companies in North America are adopting cloud WMS, for its flexible nature and ability to increase or decrease computing power as required by its users. As the supply chain process is highly distributed in nature, companies notice high scalability issues in their warehouse management systems," Erhan Musaoglu, Logiwa CEO, said about the demand. "To overcome this issue, North American business enterprises are rapidly scaling up IT services of their warehouses to gain higher productivity and better customer service."
Moving forward, Logiwa expects to continuously create integrations to maintain their position as the most connected and scalable warehouse and inventory solution. In 2018 alone, Logiwa added over 40 sales channel integrations. With a successful venture round of financing to support this growth, Logiwa expects to continue to grow their team in the United States, and to expand their R&D department to lead innovation in the warehouse management software industry. The financing round closed in August 2018, providing Logiwa with added capital to further their vision and expanding team.
"We are proud to have empowered hundreds of B2C businesses around the world for more than a decade," Erhan continued. "By helping our customers establish more productive warehouse and fulfillment processes, Logiwa not only increases sales but also helps companies build better relationships with their customers across all sales platforms."
Logiwa is the most connected inventory management software on the market. By offering a cloud-based warehouse and inventory management software, Logiwa focuses on the inventory management and order fulfillment needs of retail and ecommerce businesses. Logiwa's built-in integrations include marketplaces and shopping carts such as: Amazon, eBay, Shopify, Magento, Bigcommerce, and WalMart. Clients enjoy additional integrations with shipment carriers like USPS, FedEx, UPS, Shipstation and accounting systems such as Quickbooks and Xero.