This web app uses cookies to compile statistic information of our users visits. By continuing to browse the site you are agreeing to our use of cookies. If you wish you may change your preference or read about cookies

close

Why STORD's Business Model is so successful?

Get all the answers

Embed code:

x
Copy the code below and embed it in yours to show this business model canvas in your website.

STORD’s Company Overview


STORD is a cloud-based supply chain services provider that is revolutionizing the logistics and distribution industry. Founded in 2015 and headquartered in Atlanta, Georgia, STORD offers a digital platform that connects businesses to a national network of warehouses and distribution centers. The platform allows businesses to manage their inventory, transportation, and warehousing needs in real-time, providing them with unparalleled visibility and control over their supply chain. STORD's mission is to make supply chain management as simple as possible, providing businesses with the tools they need to operate more efficiently and effectively.

STORD's business model is centered around its innovative software-as-a-service (SaaS) platform. The company offers a tiered subscription model to businesses based on their specific needs and the complexity of their supply chain. This includes access to STORD's digital platform, as well as additional services such as inventory management, order fulfillment, and transportation services.

In terms of revenue model, STORD generates income primarily through its subscription fees. Businesses pay a monthly or annual fee to access the platform and use STORD's services. The cost varies depending on the level of service required, with higher-tier subscriptions offering more features and capabilities. Additionally, STORD also earns revenue from transaction fees for every order processed through its platform. This dual revenue stream enables STORD to maintain a steady income while benefiting from its clients' growth and success.

https://www.stord.com/

Headquater: Atlanta, Georgia, US

Foundations date: 2015

Company Type: Private

Sector: Technology

Category: Logistics

Digital Maturity: Digirati


STORD’s Related Competitors



STORD’s Business Model Canvas


STORD’s Key Partners
  • Warehouse owners
  • Network carriers
  • Businesses (importers and exporters)
  • Shippers
  • Employees
  • Developers
  • Investors
STORD’s Key Activities
  • IT architecture
  • Product engineering
  • Updates
  • Product updates
  • Education
  • Marketing
  • Networking
  • Sales
  • Logistics
  • Customer relationship management
  • Protecting customer data
STORD’s Key Resources
  • Product Owner & Inventory Strategist
  • Warehouse Infrastructure
  • Networking
  • Product
  • Technological Platform
  • E-commerce experience
STORD’s Value Propositions
  • Digitally transforming the warehousing and distribution business
  • To reduce supply chain inefficiencies and logistics costs
  • To make the fulfillment process scalable
  • To help getting products closer to customers at a lower cost
  • To make it easier for organizations to manage their warehousing & distribution process
  • Through a modern software technology layer on top of the asset-light infrastructure
  • One point of communication
  • Easy to use online platform
  • Easy to have a real-time view of your inventory
  • There is a reduction of significant fixed costs
  • Digitally transforming one of the largest and oldest industries in the world
STORD’s Customer Relationships
  • "Uberized" airbnb for 3PL
  • Self-service
  • Automation
  • On-demand
  • Tracking & Visibility
  • Easy Returns
  • Cost Effective
  • Merchants
  • Customers
STORD’s Customer Segments
  • Shippers
  • ECommerce
  • 3PLs
STORD’s Channels
  • Website
  • 1-to-1
  • Team
  • Blog
  • LinkedIn
  • Twitter
STORD’s Cost Structure
  • Infrastructure
  • Data analytics
  • Security
  • Blockchain
  • Legal
  • Human Resources
  • Administrative
STORD’s Revenue Streams
  • Businesses pay a monthly or annual fee to access the platform and use STORD's services
  • STORD also earns revenue from transaction fees for every order processed through its platform

Vizologi

A generative AI business strategy tool to create business plans in 1 minute

FREE 7 days trial ‐ Get started in seconds

Try it free

STORD’s Revenue Model


STORD makes money by combining different business models. Below, you will find the list of the different monetization strategies identified for this company:

  • Supply chain
  • Digital transformation
  • eCommerce
  • Data as a Service (DaaS)
  • On-demand economy
  • Collaborative production
  • Cross-selling
  • Customer relationship
  • Tiered service
  • Subscription
  • Technology trends
  • Disruptive trends
  • Software as a Service (SaaS)
  • Uberization
  • Integrator
  • Orchestrator
Analytics


Market Overview
  • Patterns
  • Sectors
  • Categories
  • Companies
  • Right click on the nodes to explore

STORD’s Case Study


STORD's CASE STUDY

In the rapidly evolving world of logistics and supply chain management, STORD has emerged as a trailblazer, pushing the boundaries of what is possible with its innovative cloud-based platform. Founded in 2015 and headquartered in Atlanta, Georgia, STORD has captivated the logistics industry with its groundbreaking approach to supply chain services. Today, we delve into the intricacies of STORD's business model, its unique value proposition, and the impact it has had on its clients and the broader market.

The Birth of a Vision

When STORD was founded by Sean Henry and Jacob Boudreau, they envisioned a digital revolution that would transform the logistics and supply chain sector, much like how Uber and Airbnb disrupted their respective industries. Recognizing the complexity and inefficiencies inherent in traditional logistics, they aimed to create a platform that would provide businesses with real-time visibility and control over their supply chains. Much like a finely-tuned orchestra, STORD harmonizes a national network of warehouses and distribution centers into a single cohesive unit. Its state-of-the-art software-as-a-service (SaaS) platform enables businesses to manage inventory, transportation, and warehousing needs with unprecedented ease and efficiency.

Revolutionizing Warehousing and Distribution

At the heart of STORD's success lies its innovative digital platform. The key to their distinctive approach is the seamless integration of various logistics functions into one user-friendly interface. This approach not only simplifies supply chain management but also offers unparalleled visibility into every segment of the process. Statistics from a McKinsey report affirm the need for such innovation, stating that efficient supply chain management can reduce costs by up to 15% (McKinsey & Company, 2020). Through its platform, STORD is making significant strides in achieving this efficiency, thereby lowering logistics costs for its clients substantially.

A Dynamic Business Model

STORD's business model is a masterclass in modern enterprise architecture. It operates primarily on a tiered subscription model, ensuring flexibility for businesses of all sizes. Companies can choose between different levels of service, with higher-tier subscriptions offering more advanced features and capabilities. This model aligns with the trend towards customization and pays homage to the ever-changing needs of the modern business landscape. Moreover, STORD generates supplementary revenue through transaction fees for each order processed through its platform. This dual revenue stream approach not only provides a steady income but also aligns the company's interests with those of its clients, ensuring mutual growth and success.

Teaming Up for Success

One of STORD's major strengths is its extensive network of key partnerships. By collaborating with warehouse owners, network carriers, importers, and exporters, STORD has built a robust foundation of logistical support. This collaborative approach extends to its internal team, consisting of product owners, inventory strategists, and technological experts, all working in harmony to deliver exceptional service. A study by Gartner highlights the importance of such collaboration, revealing that businesses employing an integrated logistics network can achieve up to a 20% improvement in overall efficiency (Gartner, 2021). This statistic underscores the importance of STORD's partnerships, not only in terms of operational efficiency but also in ensuring the scalability and adaptability of its services.

The Impact: Data, Efficiency, and Connectivity

STORD’s platform doesn’t just streamline logistics; it transforms them. The use of big data and real-time analytics offers an unprecedented level of insight and control. Businesses can monitor every aspect of their supply chain, make informed decisions based on real-time data, and anticipate potential disruptions before they occur. According to a report by Supply Chain Quarterly, companies leveraging advanced data analytics, like STORD's platform, can reduce their supply chain costs by up to 12% (Supply Chain Quarterly, 2022). This highlights the tangible economic benefits that STORD provides to its clients, alongside the operational efficiencies.

A New Standard in Customer Relationships

STORD’s approach to customer relationships encapsulates the ethos of modern logistics—transparency, efficiency, and automation. It has earned the moniker "Uberized Airbnb for 3PL," thanks to its self-service model and on-demand capabilities. Businesses enjoy an effortless experience, with features like tracking and visibility, easy returns, and cost-effective solutions. Renowned supply chain expert, Dr. John Gattorna, emphasizes in his book "Dynamic Supply Chains" that the future of logistics is customer-centric and data-driven (Gattorna, 2020). STORD exemplifies this by putting customer experience at the forefront, ensuring that the supply chain is not just an operational necessity but a strategic advantage.

A Future Driven by Innovation

Looking ahead, STORD is poised to continue its path of innovation and disruption. As digital transformation remains a critical trend in the logistics sector, STORD's cloud-based model and data-driven approach position it well to lead the charge. Industry forecasts predict a continued rise in demand for digital logistics solutions, with the global digital logistics market expected to reach $19.02 billion by 2026 (Fortune Business Insights, 2021). STORD, with its innovative platform and customer-centric approach, is well-positioned to capture a significant share of this growing market.

Conclusion

STORD's journey from a fledgling startup to a game-changing logistics powerhouse is a testament to the power of innovation and strategic vision. By integrating cutting-edge technology with a collaborative network and a customer-first approach, STORD has not only revolutionized supply chain management but also raised the bar for what is possible in the logistics sector. In an industry traditionally plagued by complexity and inefficiencies, STORD has emerged as a beacon of simplicity and efficiency. As we look to the future, it is clear that STORD is not just reshaping logistics; it is redefining the very essence of what supply chain management can and should be.


If you enjoyed this content, you’re in for a treat! Dive into our extensive repository of business model examples, where we’ve dissected and analyzed thousands of business strategies from top tech companies and innovative startups. Don’t miss out!

+100 Business Book Summaries

We've distilled the wisdom of influential business books for you.

Zero to One by Peter Thiel.
The Infinite Game by Simon Sinek.
Blue Ocean Strategy by W. Chan.