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Posted On: 07/14/2021 4:04:11 PM
Post# of 68
NetworkNewsBreaks – Splash Beverage Group Inc. (NYSE American: SBEV) Pursuing Vertically Integrated Business Strategy Through Qplash Platform
Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today announced that it has integrated Oracle’s NetSuite software into its Qplash ecommerce sales and distribution platform. The integration has worked to fully automate the platform’s systems from order to shipment. “We are building out Qplash with best-in-class systems that enable us to optimize margins and accelerate the rollout of our current brands both to distributors and direct to consumers,” said Splash CEO Robert Nistico. “While continuing to build partnerships with the largest beverage distributors in the U.S. and internationally, Splash is pursuing a vertically integrated business strategy through Qplash to incubate and launch new brands as well as test marketing them, which can build momentum for future acquisitions. Creating retail demand online, we can then migrate a growing portfolio of brands from ecommerce to traditional retail outlets in line with our multichannel strategy.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today announced that it has integrated Oracle’s NetSuite software into its Qplash ecommerce sales and distribution platform. The integration has worked to fully automate the platform’s systems from order to shipment. “We are building out Qplash with best-in-class systems that enable us to optimize margins and accelerate the rollout of our current brands both to distributors and direct to consumers,” said Splash CEO Robert Nistico. “While continuing to build partnerships with the largest beverage distributors in the U.S. and internationally, Splash is pursuing a vertically integrated business strategy through Qplash to incubate and launch new brands as well as test marketing them, which can build momentum for future acquisitions. Creating retail demand online, we can then migrate a growing portfolio of brands from ecommerce to traditional retail outlets in line with our multichannel strategy.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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