A brick-and-mortar store has a fixed location, some warehouses where they can store the essential stocks and are unlikely to pivot or scale beyond your local area at short notice. In addition, these shops do not accept delivery beyond their radius. It enables them to be well prepared to handle their logistics and make the … Read more
Ecommerce sales globally are set to cross USD 5,542 billion in 2022. It is further expected to topple USD 7,400 billion by the end of 2025. It doesn’t require us to say out loud that ecommerce market is expanding and will continue to do so at a rapid pace in the coming years. But that … Read more
All of us remember the one-month delivery schedule back in the day (merely a few years ago) offered by ecommerce brands. Buyers would often forget what they had ordered and took time to recollect if they had indeed placed such an order when the delivery guy knocked their door. While things have significantly improved in … Read more
Keeping order fulfillment in-house can be a real pain in the neck. As a result, many businesses are turning to third-party order attainment providers in an effort to ease and scale their operations. Outsourcing order fulfillment services include third-party logistics (3PL) providers who provide end-to-end services like packing, shipping, warehousing, inventory management, last-mile deliveries, etc. … Read more
2022 would be the first year when global ecommerce sales would cross USD 5 trillion in a year. It will form over one-fifth of the total retail sales, which is expected to exceed USD 25 trillion with ease. In addition, ecommerce sales are expected to cross USD 7.3 trillion by 2025, when global retail sales … Read more
As per a Digital Commerce 36 report, online sales from all B2B ecommerce sites, marketplaces, and other portals increased 17.8% to reach USD 1.63 trillion globally. We all remember when B2B businesses would call each other up to inquire and get a quotation. However, things have swiftly changed, and the process has become streamlined. When … Read more
As per Freightos Baltic Index, the global freight rates at the end of March 2022 were up 126% compared to last year. North Europe – US East Coast saw the highest rise of 219% for the period, followed by Asia – US East Coast at 200%. The freight rates have increased globally and across all … Read more
The eCommerce industry is booming, and suppliers are trying to get their products in front of as many potential customers as possible. If you’re a supplier (manufacturer, vendor, distributor), that most likely means that you are selling on multiple sales channels, whether it be in traditional brick-and-mortar stores and/or on multiple online retail platforms. The … Read more
The online marketplace is only getting busier. In 2016, 90% of online shoppers read at least one online review before deciding to visit a business. According to Revioly, 79% of consumers consider online reviews just as trustworthy as advice from friends & family; this figure is up 3% since 2019. While some affordable ERP solutions … Read more