Forum Key Insights

Shopify – demand environment, SFN Investment and the global growth of Shop Pay

  • Public Equity
  • Consumer
  • North America

Third Bridge Forum spoke to a former executive at Shopify Inc to discuss the Shopify Fulfilment Network (SFN), the revenue potential for Shop Pay, as well as macroeconomic headwinds. Here are the need-to-know insights from that Interview:

  • The specialist expects moderate growth over the next 18-24 months for Shopify. They then expect it to accelerate once market conditions improve. 
  • They told us while only approximately 5% of Shopify merchants are Shopify Plus members, 10% is a possibility in five years as more features and benefits are introduced.

“In my opinion, execution is the biggest risk, biggest tangible risk that I see, that could slow down Shopify.”

  • SFN should not require much more CAPEX but it will take time to recognise ROI, given the complexity of the fulfilment industry. The specialist believes it will become successful, which would mean huge growth in Shopify Plus customers and a tremendous increase in solutions revenue. 
  • We heard that Shopify has the potential to become a trillion-dollar company and that only Amazon will be ahead of it in terms of e-commerce and fulfilment.

For more human insights on e-commerce players, click on the transcripts below.

Related Transcripts

The information used in compiling this document has been obtained by Third Bridge from experts participating in Forum Interviews. Third Bridge does not warrant the accuracy of the information and has not independently verified it. It should not be regarded as a trade recommendation or form the basis of any investment decision.

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