Maersk has made an investment into logistics software provider ZigZag Global through its corporate venture arm Maersk Growth.
ZigZag offers an innovative SaaS platform that addresses the shipper’s challenge with return logistics, with solutions to reduce cost and waste.
According to ZigZag, 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. ZigZag claims its platform can reduce costs and waste associated with retail returns by up to 57%.
“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,” said Oliver Finch, investor at Maersk Growth.
Maersk has been made a series of investments into shipping and logistics digital platforms. In September, US-based digital freight technology startup Loadsmart secured a new round of $19m funding from a group of investors led by Maersk Growth.
