Running on Cloud Tech: How On Footwear Revolutionized the Shoe Game

Ecommerce on Tap by Sourcify and Izba Consulting

In this week's thrilling episode of Ecommerce On Tap, hosts Aaron and Nathan delve into the inspiring story of On, a brand that's not only racing ahead in the athletic footwear market but also setting a new pace in sustainability. 👟 Sustainable Strides: Discover how On responded to the growing demand for ethical fashion in Europe, crafting a carbon neutral shoe that's a literal step ahead. Nathan breaks down On's innovative clean cloud technology and how it represents a new horizon for eco-conscious consumers. 💡 Turning Crises into Opportunities: Aaron gives an in-depth analysis of On's journey, including their hands-on approach with prospective buyers that grew their store presence to an impressive 5000 by 2018. But it's not all smooth running—learn about the supply chain crisis that nearly bankrupted them and the lessons in transparency and supplier trust that ultimately led On to triumph. 🚀 A Jolt of Financial Health: Nathan reveals the electric financial milestones that mark On's rise: from a risky 10,000 pair initial production to an IPO generating revenue of $796 million. And get a glimpse into their ambitious future with a revenue of $2.04 billion in 2023 and aspirations for industry-leading EBITDa margins. 🌱 The Innovation Marathon: Aaron opens the discussion on On's commitment to innovation and personalization, exploring their utilization of 3D printing and introduction of new materials. All while maintaining a strong eco-friendly stance—a balance that's reported to resonate with consumers across the globe.