The retail and wholesale industry is witnessing a remarkable transformation with emerging technologies. Discover the innovation wave in the wholesale trade sector, featuring a list of 10 wholesale trade companies. These new wholesale companies are shaping the industry with immersive personalized shopping experiences, efficient supply chain operations, AI-powered assistance, and enhanced inventory management systems.
This article will delve into:
- Emerging Trends Shaping the Wholesale Trade Sector
- Profiles of 10 Pioneering New Wholesale Trade Companies
- How to Scout Innovative Wholesale Trade Companies Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the wholesale trade industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Wholesale Trade Trends: The industry is evolving with pivotal trends such as the rise of wholesale e-commerce, inventory optimization, artificial intelligence, immersive technologies, and the Internet of Things (IoT). These innovations are shaping the industry towards optimized supply chain operations, efficient customer relationships, minimized wastage, and accurate monitoring of stock levels.
- Wholesale Trade Industry Stats: The global wholesale trade sector comprises over 15K+ companies and has seen the emergence of 2.7K+ companies founded in the past 5 years, with an average founding year being 2020. During the same period, the average funding has been 15.6 million, underscoring active economic activity within the sector. Moreover, the industry records an average workforce size of 30.2 employees in the past 5 years.
- 10 New Wholesale Companies to Watch:
- Chamak – Wholesale Commerce Platform
- Foundation – Cloud-based B2B Commerce
- OrderCast – Real-time Inventory Management
- Vero Technologies – Wholesale Finance Software
- Edistera – Cloud-based Wholesale Commerce
- Prewarp – Automated Wholesale Reporting
- Orderit – Order Management Platform
- Continuum.ai – RMA Automation Platform
- MotorPlatform – Wholesale Auction Platform
- Ordergami – Wholesale Inventory Software
Latest Trends Reshaping Wholesale Trade
Wholesale E-Commerce
Wholesale e-commerce is evolving beyond B2B, creating a more dynamic and inclusive trading landscape. Online platforms connect distributors directly with retailers, streamlining orders, boosting transparency, and expanding reach. Businesses are embracing the efficiency and agility of digital wholesale through e-commerce platforms, AI-powered matchmaking, and omnichannel integration.
Inventory Optimization
Businesses are leveraging smart technologies like machine learning and predictive analytics to forecast demand, automate ordering, and minimize stockouts. New companies are providing solutions for real-time inventory tracking, AI-powered recommendations, and dynamic pricing strategies, enabling brands to maximize profits, reduce waste, and enhance customer experience.
Artificial Intelligence
From demand forecasting and automated purchasing to personalized recommendations and fraud detection, AI is streamlining operations and unlocking valuable insights. Companies offer AI-powered chatbots to handle customer inquiries, machine learning algorithms to identify hidden trends, and dynamic pricing tools to optimize profit margins.
Immersive Technologies
Immersive technologies like virtual reality (VR) and augmented reality (AR) allow wholesalers to showcase products in novel ways. New companies are developing 3D product models, interactive experiences, and remote collaboration tools that revolutionize how businesses connect and make purchasing decisions. These technologies offer increased engagement and improved product understanding, leading to a more efficient wholesale trade ecosystem.
Internet of Things
IoT is creating a web of connected devices that generate valuable data, from smart warehouses automatically tracking inventory to sensors monitoring product quality in real time. New companies provide solutions such as predictive maintenance, optimized logistics routes, and automated replenishment. The IoT is ushering in a new era of increased efficiency, reduced costs, and improved visibility across the wholesale supply chain.
Also read: Top 10 eCommerce Trends
Meet 10 Out of 15K+ Emerging Wholesale Trade Companies
In this section, we spotlight 10 emerging wholesale trade industry companies that are leading innovative operating solutions. These companies are rapidly boosting efficiency by facilitating operations, predicting optimal inventory levels, and offering valuable insights into patterns and preferences to enable wholesalers to tailor their offerings accordingly. By pioneering advanced technologies such as AI, ML, and IoT, these companies are setting new standards for the wholesale industry.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. Signal Strength gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Chamak
- Founding Year: 2021
- Employee Range: 11-50
- Location: Bangladesh
- Signal Strength: Strong
- What they do: Chamak develops a wholesale commerce platform to streamline distribution operations, avoiding unnecessary verifications and lengthy procedures. It specializes in inventory sourcing, financing, and distribution. Chamak’s platform allows businesses to increase profitability, maximize savings, improve efficiency, and reach new markets.
2. Foundation
- Founding Year: 2022
- Employee Range: 11-50
- Location: United States
- Signal Strength: Very Strong
- What they do: Foundation offers a B2B commerce cloud to optimize wholesale operations and engage with valued customers. It features an order management system that automates tedious tasks like processing orders and updating inventory in real time. Further, it integrates with D2C commerce platforms, allowing brands to manage the entire sales ecosystem, inventory levels, and customer insights across all channels.
3. OrderCast
- Founding Year: 2022
- Employee Range: 11-50
- Location: United Kingdom
- Signal Strength: Very Strong
- What they do: OrderCast utilizes advanced cloud solutions to simplify wholesale and accounting processes. It provides wholesalers with real-time visibility into inventory, streamlining the supply chain and satisfying customer demands. OrderCast thus empowers businesses to improve operational efficiency and modernize sales processes.
4. Vero Technologies
- Founding Year: 2020
- Employee Range: 11-50
- Location: United States
- Signal Strength: Very Strong
- What they do: Vero Technologies provides wholesale finance software that allows financial institutions, wholesalers, and dealers to manage funding requests, collections, and portfolio management. It enables real-time analytics, advanced risk management, and a streamlined workflow, allowing businesses to secure funding faster and easier.
5. Edistera
- Founding Year: 2021
- Employee Range: 2-10
- Location: India
- Signal Strength: Very Strong
- What they do: Edistera develops a cloud-based wholesale commerce platform that unifies sales, orders, and inventory across online stores, distributors, and sales reps. It offers a customizable B2B store app for wholesale customers to place orders anytime from any location. Moreover, the platform enables wholesalers and distributors to efficiently manage orders, inventory, and purchases across multiple warehouse locations and channels.
6. Prewarp
- Founding Year: 2020
- Employee Range: 2-10
- Location: United Kingdom
- Signal Strength: Very Strong
- What they do: Prewarp offers wholesalers an AI-powered sellout reporting platform to automate data consolidation and streamline reporting. It ensures accurate forecasting and frees up time for wholesalers to focus on strategic decisions. Further, AI fixes and matches SKU codes automatically. The startup allows wholesalers to gain insights into customer buying habits, optimize product assortments and pricing, and make data-driven decisions to boost profitability.
7. Orderit
- Founding Year: 2020
- Employee Range: 2-10
- Location: United Kingdom
- Signal Strength: Very Strong
- What they do: Orderit makes a wholesale order management platform to automate back-office and manual operations. It leverages AI to convert email orders into integrated orders as well as automate invoicing and payment collection, eliminating manual data entry. The startup thus allows businesses to secure transactions, streamline ordering, increase productivity, and drive customer loyalty.
8. Continuum.ai
- Founding Year: 2023
- Employee Range: 11-50
- Location: United States
- Signal Strength: Medium
- What they do: Continuum.ai develops automated returns software tailored for the wholesale, distribution, and manufacturing sectors. It provides real-time updates on return merchandise authorization (RMA) status, streamlining customer interactions. By automating RMA processing, the platform enhances operational efficiency and reduces manual entry time. Additionally, it offers real-time shipping cost calculations and labeling, ensuring accurate and cost-effective returns handling. This solution provides wholesalers instant access to detailed return status, condition, and location information.
9. MotorPlatform
- Founding Year: 2020
- Employee Range: 11-50
- Location: Australia
- Signal Strength: Strong
- What they do: MotorPlatform offers a vehicle valuation platform that provides a wholesale auction solution for the motor industry. It streamlines the tendering process by connecting businesses with a network of trusted buyers. Further, the platform generates AI-driven market reports and insights for better decision-making. The solution, in this way, optimizes transactions, eliminates pricing discrepancies, ensures fair deals, and boosts profits.
10. Ordergami
- Founding Year: 2020
- Employee Range: 2-10
- Location: United States
- Signal Strength: Very Strong
- What they do: Ordergami provides a cloud-based wholesale inventory management system that increases inventory visibility and control. It automatically sets stock levels on a product to receive real-time notifications when running out and quickly identifies what’s missing from orders. The software further streamlines the product movement lifecycle, enabling wholesalers to gain full control over the entire business operations process from supplier to sale within the platform.
Tips to Quickly Find New Wholesale Trade Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new wholesale trade companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying wholesale trade innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the wholesale trade industry. The platform keeps you informed with near real-time updates on emerging wholesale trade companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the wholesale trade sector, such as wholesale e-commerce, inventory optimization, or artificial intelligence. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New Wholesale Trade Companies?
This overview highlights just a few wholesale trade solutions of all 2.7K new companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview.
