Over the past decade, the eCommerce industry has gone through an unprecedented growth phase that has surprised most experts by outperforming predictions and changing how we change forever. Despite a drastic deceleration in 2022 resulting from major world events, the industry is expected to grow by at least 10.4% in 2023, according to Insider Intelligence.
With consistent growth over the past years and a swift recovery from the supply chain challenges experienced in 2022, eCommerce is steadily becoming the norm. This, while beneficial to consumers, also means keeping up with customer demand is becoming an increasingly difficult task. This has forced many operators to rely on models like dropshipping, a move that has not been as smooth as most people would have expected.
With eCommerce being expected to generate over $6.3 trillion in 2023, demand for more effective inventory & supply management tools has been on the rise. This demand has been especially visible when it comes to small eCommerce store owners, as their ability to grow is directly linked to their ability to fulfill orders efficiently at reduced costs. Fortunately for them, startups like Zendrop have jumped at the opportunity of meeting this demand, making such challenges obsolete.
Ever since being founded in 2019, Zendrop has been connecting eCommerce stores with reliable suppliers by making use of the dropshipping model. By using dropshipping, which consists in outsourcing the sourcing, fulfillment, and shipping of products to third-party suppliers, these stores are more likely to be profitable, achieve customer satisfaction, and grow as a brand.
"We connect online sellers that want to run a lean operation with reliable suppliers, bottom dollar product pricing, a simple easy to use platform, and world-class support," said Brad Loeffler, Zendrop's COO.
Zendrop helps small eCommerce stores to truly benefit from dropshipping by streamlining the inventory and supply chain management operations from sourcing and purchasing to shipping and returns. Made to scale, the platform also offers powerful real-time analytics that allows these stores to easily identify problems and opportunities, all without the need to be a marketing expert.
With the dropshipping market being expected to surpass the $200 billion mark in 2023 for the first time by reaching $243.23 in revenue, millions of people are expected to adopt this model over the next few years. By offering fast shipping, exclusive products, automated dropshipping, powerful analytics, custom branding, and more, Zendrop is aiming to become a major player in the United States market. Its potential to do this has gained startup support from investors and serial entrepreneurs like Shark Tank's Kevin Harrington.
"Zendrop is designed to take dropshipping to the next level," shared Harrington. "Its reliable customer support and suite of advanced tools for dropshippers gives them everything they need to have success."
With its cutting-edge technology and commitment to customer satisfaction, Zendrop is poised to shape the future of the eCommerce industry. However, this doesn't mean that the startup will not be facing steep competition over the next few years as in fact, many other companies are looking to do just the same. That being said, if the startup's growth is something to guide yourself by, the future certainly looks bright for both Zendrop and its customers.
