Business

Shipsy, a leading SaaS-based AI-powered supply chain orchestration and execution platform provider, has announced its strategic expansion into Saudi Arabia’s rapidly growing USD 13 billion warehousing market. This move follows Shipsy's acquisition of Stockone, a cloud-based Warehouse Management System (WMS), which specializes in scaling fulfillment operations for manufacturers, pharmaceutical businesses, retailers, and eCommerce companies.

Soham Chokshi, CEO and Co-Founder of Shipsy, stated, “Integrating a WMS into our core offerings enables businesses in the GCC and KSA to leverage a fully integrated fulfillment and logistics platform. This allows enterprises to optimize logistics, manage supply chains efficiently, and ensure cost-effective, compliant, agile, and customer-centric operations.”

Shipsy's WMS stands out in a market dominated by legacy systems, offering rapid and economical deployment, seamless integration with Shipsy and other TMS platforms, and robust compliance with standards. These features have driven the rapid adoption of Shipsy WMS, enhancing inventory accuracy and warehouse productivity.

The WMS has already demonstrated its value across various sectors. A large pharmaceutical company uses Shipsy WMS to comply with FDA regulations, the world's fastest-downloaded shopping app has reduced losses due to expiry by 50%, and India’s largest fluid transmission product manufacturer has achieved 99.9% inventory accuracy.

Saudi Arabia's strategic location as a crossroads between Europe, Asia, and Africa, coupled with its vigorous promotion of foreign trade and industrialization, makes it an attractive hub for manufacturing and distribution. The growing need for warehousing and transportation services to support import, export, and domestic supply chains underlines the importance of an integrated warehouse and transportation management platform.

Data Bridge Market Research forecasts that Saudi Arabia’s warehousing market will reach USD 13,214.96 billion by 2030, with a CAGR of 4.5% from 2023 to 2030. To capitalize on this opportunity, Shipsy has expanded its local presence by recruiting top talent for its regional headquarters in Riyadh.

The Gulf region significantly contributes to Shipsy's growth, accounting for 35% of its revenue. To further support businesses in navigating economic, geopolitical, and environmental disruptions, Shipsy has expanded its advisory board in the GCC. Peter Somers, former CEO of Emirates Post and Bpost, and current Group CEO of Bob Eco Group, has joined as an advisor for the region.

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