Momentum for Personalized Fulfillment Products & Services Continues to Grow at Yantriks
May 22, 2019 by Eugene Amigud
Today, I’m extremely proud to announce that 2018 was a breakout year for Yantriks. Due to the close and strategic relationships we have with our customers and the incredible dedication and talent of our employees, our 2018 revenue rose more than 105 percent. Furthermore, we experienced a 125 percent rise in revenue from our customers in the global retailer top 100.
To support this growth, the number of global employees grew to 161, an increase of 106 percent over 2017 and we recently opened our first Canadian office in Kitchener, Ontario. As I stated in today’s press release:
“We are seeing significant growth because retailers of all sizes are looking to upgrade their order management systems to improve inventory availability and personalize order fulfillment. Consumer demands, such as the desire to buy online pick-up in store, view order by-get by dates, and utilize next-day/same-day delivery options are now table stakes for retailers who want to improve the customer experience and increase sales by creating an urgency to buy.”
Powered by Yantriks Scaligent™ Technology — a combination of highly performant microservices and artificial intelligence — the Personalized Fulfillment Platform (PFP) analyzes critical supply, demand, and customer data to determine optimal fulfillment scenarios and delivers the fulfillment personalization and convenience modern consumers demand. The Yantriks Professional Services team combines extensive domain experience in inventory and order management, promising, and fulfillment with knowledge of digital commerce to assess a retailer’s current technology landscape and performance, identify gaps, and surface opportunities. As a result, the company provides a complete solution that helps the largest retailers lower inventory costs and risk, while increasing sales.
Yantriks’ revenue growth and global expansion demonstrate the demand for our flagship commerce products and services. I couldn’t be more proud of our team.
Retailers are realizing that yesterday’s technical architecture can’t support the demands of the modern consumer who require an integrated experience across brick and mortar and online shopping. With the desire to provide New Retail experiences and demand for Yantriks’ total commerce solution continuing to grow, the company’s momentum promises to make 2019 Yantriks’ most successful yet. Stay tuned because we are just getting started.Delivery Convenience,e-commerce,Inventory Optimization,OMS,OMS Upgrade,Personalied Fulfillment Platform,Personalized Fulfillment,PFP,retail technology,Yantriks