(Reuters) -Canada’s Shopify (NYSE:) stated on Thursday it might purchase U.S.-based logistics agency Deliverr in a cash-and-stock deal valued at $2.1 billion, in a transfer to assist mitigate provide chain snarls which have plagued the e-commerce sector.

U.S-listed shares of the corporate, which helps retailers arrange on-line retailers and gives different companies together with supply, have been down 10% in premarket buying and selling.

International e-commerce development has eased from the frenetic tempo seen in the course of the pandemic when brick-and-mortar retailers arrange a web-based presence to succeed in stuck-at-home prospects.

To counter the slowdown, Shopify is ramping up investments to arrange new warehouses in the USA designed to ship in two days or much less, and widen its supply community to higher compete with bigger rivals together with Amazon.com (NASDAQ:).

Based in 2017, Deliverr’s logistics community delivers greater than 1,000,000 orders per 30 days for 1000’s of retailers throughout the USA, the corporate stated.

Individually, the corporate reported a 22% leap in first-quarter income to $1.2 billion, almost in keeping with analysts’ common estimate of $1.24 billion, in response to IBES information from Refinitiv.

Gross Merchandise Quantity (GMV), a broadly watched metric for the e-commerce trade, was up 16% at $43.2 billion in comparison with a year-ago. Nevertheless, this was beneath Wall Avenue’s estimate of $45.43 billion.