Shipwire

About Shipwire

Shipwire operates as a global third-party logistics (3PL) provider, now functioning as a subsidiary of CEVA Logistics. The company was founded in 2006 by Damon Schechter and is headquartered in Palo Alto, California. Schechter, who holds degrees in economics and product design engineering from Stanford University, authored a book on supply chain management and gained experience at Cobalt Networks before establishing Shipwire, aiming to provide enterprise-level logistics to smaller businesses.

The company's core business revolves around providing e-commerce order fulfillment, warehousing, and shipping services for direct-to-consumer (DTC), business-to-business (B2B), and dropshipping market segments. Its business model is centered on a cloud-based software platform that integrates with a global network of warehouses. This platform allows clients to manage their entire fulfillment process, from inventory storage and order processing to picking, packing, and shipping. Revenue is generated through fees for these outsourced logistics services, including storage, shipping, and value-added services like returns management.

Shipwire's key offering is its technology platform, which automates and optimizes logistics operations. The platform integrates with over 200 e-commerce systems, marketplaces, and ERPs, enabling clients to sync order entry, track shipments in real-time, and monitor global inventory levels. A notable feature is its intelligent order routing, which automatically selects the most cost-effective warehouse and carrier to minimize shipping costs and transit times. The company operates an extensive network of over 120 fulfillment centers across North America, Europe, Asia, and Australia, allowing businesses to position inventory closer to their customers for faster delivery. This infrastructure supports multi-channel retail, including custom packaging, returns management, and drop shipping capabilities. After raising $15 million in funding from investors like eBay and Meakem Becker Venture Capital, Shipwire was acquired by Ingram Micro in late 2013 to expand Ingram's e-commerce fulfillment capabilities. Subsequently, in December 2021, the CMA CGM Group announced its acquisition of Ingram Micro's Commerce & Lifecycle Services business, including Shipwire, which was completed in 2022 and integrated into its subsidiary, CEVA Logistics.