2 names I have been following.
1-GXO Logistics, Inc. (GXO)
86.37+0.65 (+0.76%)
2-Global-E Online
Providing businesses with a suite of products to enable them to sell across borders,
Global-E Online(
NASDAQ:GLBE)is reimagining the process of selling internationally. Whether it is adapting to the local market, processing foreign currency exchanges, providing international logistics, or navigating international tax laws, there are innumerable barriers to begin selling globally. Multiply these problems by over 200 specific countries, each with its complexities, and many companies rule out the idea of going global.
That is where Global-E steps in. With cross-border e-commerce estimated to grow above $700 billion in volume by 2023, according to
Forrester Research, the company is beautifully positioned to ride this megatrend. Already having 500-plus merchant partners signed up with the company's cross-border selling services, Global-E aims to become the go-to provider for international expansion.
At the same time, the company has another megatrend working in its favor -- direct-to-consumer, or DTC, sales growth. As many retailers worldwide have scaled back, or are considering scaling back, on their store counts, DTC sales become paramount. Once again, this is where Global-E's end-to-end solutions stand out. Offering localized customizations, including a network of over 20 shipping carriers, the ability to interact in over 25 languages, and 150 payment methods, the company's simple plug-in software solution offers clients unmatched global sales capabilities.
While revenue only accounted for $57 million for the second quarter, its 92% growth rate year over year shows the company is just starting its growth journey. However, contrasting Global-E's market cap of roughly $8 billion with the $700 billion in cross-border e-commerce volume mentioned above, the company's long-term growth story may still be a great value.
Global-e Online Ltd. (GLBE)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
64.18- // 53 week H = $83