Maersk to support ZigZag’s growth
ZigZag’s innovative SaaS platform addresses meaningful customer pain points within return logistics. Retail consumers continue to “over-order” and increasingly view generous returns policies as a core part of retail convention. Returns have increasingly become part of the “new normal” for e-commerce and multi-channel retailers and return logistics continue to drive significant cost, complexity and waste in the retail supply chain. In some retail segments returns are reaching up to 50% of total sales and with the predicted annual e-commerce growth of over 20%, according to some industry analysts, online and multichannel retailers need to find more innovative and sustainable solutions.
Oliver Finch, Investor at Maersk Growth, said: “We are excited to support ZigZag’s ongoing growth. Returns are a huge, costly and often under-managed component of the e-commerce experience. ZigZag helps retailers to reduce the cost and complexity of managing returns with its leading-edge software and functionality. ZigZag’s solution provides granular visibility of returns and drives seamless coordination of service providers. This dramatically simplifies the complex process of returns from the business and consumer perspective. Retailers and customers alike benefit from these improvements and efficiency gains – via increased speed and quality of return logistics, broader customer engagement and care options, and a clear reduction in the costs and waste associated with retail returns.”
Al Gerrie, founder of ZigZag, added: “We are delighted to welcome Maersk on board as an investor and strategic partner, as we continue our mission to provide a market leading returns solution. In addition to allowing us to reach more customers whilst remaining carrier agnostic, the funding and Maersk’s extensive reach and expertise will allow us to further develop our product offering to deliver even more value for retailers throughout the supply chain.”
Existing customer performance studies demonstrate that ZigZag’s platform can reduce costs and waste associated with retail returns by up to 57%. The company can also meaningfully reduce the environmental impact of returns and contribute to corporate sustainability goals.
Ian Nolan, ZigZag Director & Partner at Circularity Capital, commented: “We see significant value in the strategic alignment between Maersk’s position as a global leader in logistics and transport and ZigZag’s powerful returns solution. Circularity Capital is a specialist Private Equity firm founded to identify, enable and generate value from opportunities created by the circular economy. ZigZag is a great example of a company actively decoupling commercial growth and value creation from resource constraints, enhancing productivity to drive competitive advantage. We welcome Maersk onboard as a fellow investor and look forward to working closely with them to continue to support the growth of ZigZag going forward”.
ZigZag serves a number of well-known brands, including: Topshop, Selfridges, Superdry and GAP. Investment will further accelerate the rollout of the solution to retailers of all sizes and expand strategic development opportunities.