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Every ecommerce business that becomes a ShipMonk 3PL client is a priority. Of course we’re talking about your ecommerce store’s data security. Why is Ecommerce Cybersecurity Important? Exposure Through Data Transfer When you work with any third-party vendors, data is transferred between platforms.
Every ecommerce store relies on an assortment of vital components to survive and thrive, but ecommerce software is the heart of all these elements. Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the software tools you’re using are giving you everything you need.
Each time a customer makes a purchase from your ecommerce brand they are giving you two things. And if the purchase doesn’t end up working out for some reason; they’re trusting that your ecommerce brand will take care of it and them. The first is obvious—their business. The second, which is less obvious, is their trust.
We get a lot of questions from ecommerce businesses about shipping costs — questions about how they’re calculated, how our rates compare to what they’re paying now, what kind of discounts they can expect, and how they can reduce their shipping costs. Some offer flat rates for certain size packages.
No flower wants to stay a seed, no tree wants to stay a sampling, and no ecommerce business wants to stay stagnant. Ecommerce businesses that want to grow then scale successfully and sustainably have to make strategic decisions in every aspect of their operation. How much ecommerce inventory do you need for peak season ?
Whether your business is a small ecommerce startup or a big box retailer, the benefits of supplier relationship management are the same. The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship.
As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. In truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.
One of the greatest benefits of owning a direct-to-consumer (DTC) ecommerce business is that you get to form a direct connection with your customers. All ecommerce businesses should be engaging in targeted advertising. Of course, what you say is just as important as how you say it.
3PL —a simple abbreviation for one of the most complex, integrated, helpful entities operating in the eCommerce landscape. 3PL stands for third-party logistics, and at a glance a 3PL partner provides eCommerce brands with solutions to their fulfillment needs. 3PL vs. 1PL, 2PL, 4PL, and 5PL. Don’t worry; you can change later on.
Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online. BOOK NOW Need help with demand forecasting accuracy?
An invention of particular note was and continues to be eCommerce, or the selling and buying of goods and services online. We’re not laundry experts, but we do know a thing or two about eCommerce. Also in 1969, CompuServe, an online service provider often cited as the first eCommerce company, was founded by Dr. John R.
April is tax time, which makes this a good time to bring up the topic of ecommerce sales tax. ecommerce stores. That’s because ecommerce businesses need to do their taxes with every sale they make. ShipMonk is an ecommerce 3PL that partners with hundreds of ecommerce clients of all shapes and sizes. What is Nexus?
When it comes to ecommerce order fulfillment, two of the most important operational factors are speed and accuracy. The faster your warehouse or 3PL can fill orders (while maintaining accuracy, of course), the more responsive they can be to spikes in order volume, and the easier it will be to scale your ecommerce business.
Unfortunately, millions more will still go to brick-and-mortar stores to find those special items, and the push toward online and omnichannel ordering will continue grow, which is why it is increasingly important to invest in eCommerce Warehousing. Embrace “Chaotic” eCommerce Warehousing. Implement Adaptable Pack Zones or Stations.
It’s a bird, it’s a plane, it’s… oh, numbers and data. Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.” But First, What Are eCommerce Metrics? What’s the Difference Between eCommerce Metrics and KPIs?
Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. Deliver ecommerce-caliber service levels. Now, logistics providers and shippers are accelerating the pace to adopt new technologies to serve customer-first and eCommerce expectations.
While operating at 110% capacity may not always be feasible, making the most of the eCommerce slow season definitely is. Grab your favorite pair of sneakers and allow us to run you through six suggested courses of action. A multichannel eCommerce solution is packed with plenty of advantages you won’t want to miss out on.
Single people mark the occasion by spoiling and treating themselves to gifts and presents, but it wasn’t until Chinese eCommerce giant Alibaba chose the date to offer heavily discounted merchandise on its platform for 24 hours, starting at midnight on the 11th November, 2009, that Singles’ Day became a major commercial event.
For small ecommerce brands, competition is part of daily life. Competing with bigger, sometimes even giant ecommerce brands can feel a lot like a gopher taking on a giraffe. With the right product, right team , and right tools, any small ecommerce brand can effectively challenge big ecommerce brands.
The Department of Commerce lists warehousing companies, but of course, most warehouses are not owned by third party logistics or public warehousing companies. Statista is a German online platform that specializes in data gathering and visualization. However, this is old data. Why not the Department of Commerce?
Advancements in tech, including data analytics and automation, have made it possible to gain better visibility into transportation operations and identify opportunities for cost savings and process improvements. Organizations have turned to data-driven decision making as a cornerstone of transportation spend optimization.
Benefits of the Expansion This is a win-win- win for YouTube content creators, YouTube users, and ecommerce brands: Content creators now have another channel to earn money through their videos vis-à-vis promoting a wider range of brands while also providing a richer experience for their users (helping their audiences find new products).
Just as online shoppers have a lot of choices when it comes to where to take their business, ecommerce brands have many options for where to take theirs in terms of order fulfillment. While there are plenty of 3PLs out there that your ecommerce brand could consider for its order fulfillment needs, not all are equal.
Listen to the full podcast interview here ) Source: Fort Of course, this stark reality was faced by many small and medium-sized businesses (SMBs) during the peak of the pandemic. Yet Another Ecommerce Change Compared to 50 years ago, the ripple effect from COVID, or the other frequent obstacles importers face, seem far more pronounced.
Is your ecommerce business one of those that’s been growing steadily in recent years, and seen an absolute boom since the COVID-19 pandemic emerged? So what do you need to do to prevent high demand from being a double-edged sword and potentially stymieing your ability to compete in the lucrative, but fierce ecommerce marketplace?
For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. If you had a crystal ball, what is the first thing you would ask? What is Demand Forecasting?
At ShipMonk, we may not deal in DC superpowers; however, we are a titan in the ecommerce industry in terms of ensuring DTC and B2B brands get lightning-fast shipping speed, the strength of a technology-driven operation working to achieve your goals, and international advantages that allow your expanding business to fly higher than ever before.
Supply chains are becoming more intricate, ecommerce orders are on the rise, and speedy shipping has never been more important. If you’ve been wanting to learn more about how automation positively impacts 3PLs, and the ecommerce businesses they’re committed to, this is the blog for you. But what kind of automation ?
Of course, there is the migration from retail to ecommerce. [17:29] Having the data in the first place is important, and that doesn’t happen overnight. I hope that the ability to integrate different data systems gets better. [30:05] I’m not sold that there’s a use case for it. Automation is being tested in the US.
As a result, small ecommerce businesses paid dearly to tap into those resources. Now, thanks to 3PLs like ShipMonk, smaller ecommerce merchants can take advantage of this inventory distribution strategy to decrease order shipping times and reduce shipping costs. Why Would an Ecommerce Business Split Inventory? Faster Shipping.
Maybe you’ve already been looking around for a new fulfillment provider , or maybe you’ve already found the perfect partner to take your eCommerce business to next-level growth. Every migration is different because every eCommerce company is different, but the average migration takes 1-2 months. Now, you ask, what’s next?
would put you in the middle 60% of ecommerce stores according to this benchmark. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. What is an Ecommerce Conversion Rate? Anywhere between 0.2%
Amazon is at the nexus of ecommerce, data, and logistics, with a drive to constantly improve their logistics network. That’s 258 operational facilities in the US and another 486 distributed around the world (see map below, data from MWPVL ). And the career data below spells out a strong ocean slant. Amazon Fulfillment.
Focus on eCommerce. Focus on eCommerce. eCommerce really came to the forefront in 2020; the pandemic “ accelerated years of growth in just weeks “ While this rate is expected to slow in 2021, eCommerce remains a valuable platform for sales and will continue to grow. Automation. Cloud-based Technology.
According to a report by the Council of Supply Chain Management Professionals (CSCMP), over 40% of eCommerce orders in the US undergo at least one change before reaching the customer. The reality is enterprises will protect their data structure, their operating business applications and platforms. That’s quite telling.
In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Planning applications don’t work well if the master data they rely on is not accurate; this is known as the “garbage in, garbage out” problem. But sometimes fixing the bad data problem is complicated.
Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. COVID of course taught companies the need for agility. Real-time location and IoT data such as condition statuses (e.g., Stuff happens.
On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. Omnichannel fulfillment services are definitely not one size fits all, as every ecommerce brand is unique and has its own special needs.
It’s no secret that shipping is one of the most important aspects of eCommerce. Free shipping is pretty great, but it might not be the most viable option for some eCommerce business owners. Of course, this option can be somewhat complex, so it might not be the best choice for those who are just starting out. Not anymore!
Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Much depends upon the nature of your supply chain operation of course. Clearly, successful reverse logistics cannot be left to luck. A plan is necessary, possibly based on one of the following strategies.
Using this unique, tech-enabled platform our customers, carriers and employees can connect, facilitating collaboration, visibility and powerful data insights no matter where your operations are or what mode of transport is being used. Actionable data insights. with great success, and we hope to roll that out in Europe in due course.
Of course, we couldn’t let our entrepreneurial free spirits miss out on those numbers. In addition to understanding your market, try to contextualize it as much as possible with historical trends and stone cold data. Who will be your logistics partner as you navigate the world of eCommerce? These two work in tandem. #4.
The Ecommerce Boom. The growth in ecommerce has been astounding. This, of course, has implications all the way through supply chains. It’s up to managers to evaluate how they can best utilize a more connected supply chain that has continuous real-time data available from various stages in the chain.
The State of Manufacturing: eCommerce, Analytics, and Robotics. Of course, none of this would be possible without improved self-service features, as explained by “The Impact of B2B E-Commerce on Manufacturers and Distributors,” and comprehensive, easy-to-integrate platforms. For example, big data is all the data compiled and analyzed.
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