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When the coronavirus pandemic hit Asia in early 2020, many businesses experienced major supply chain disruptions. This highlighted the need for companies to build resilient supply chains. Now, more than ever, it’s essential to make your supply chain resilient to […]
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If recent years have taught us anything, it’s the importance of having an eCommerce business continuity plan. Floods, fires, tornadoes, hurricanes, and now a pandemic can disrupt supply chains and slow the pace of eCommerce. The coronavirus has shown the […]
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Subscription boxes are one of the hottest categories in eCommerce. In fact, subscription box sales doubled each year between 2011 and 2016. If you want to jump into this lucrative market, first you have to find subscription box suppliers. Consumers […]
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Your company’s inventory turnover ratio is an important metric. A simple inventory turnover formula can help you understand and improve your inventory management. When you get clear about your inventory turnover ratio, you can run your business with smaller carrying […]
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ECommerce businesses have many different shipping options. FedEx Ground is one of the most popular and best- known eCommerce shipping choices. However, there are many other ways to ship your orders. This includes other FedEx options and services from UPS […]
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Economic order quantity, or EOQ, is a formula that helps you figure out the right amount of stock to fill your orders during the year ahead. Economic order quantity helps you reduce the amount of money you have tied up […]
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The spread of the novel coronavirus forced many brick-and-mortar retailers to temporarily close their doors. Even before COVID-19, many brick-and-mortar stores were struggling. However, the pandemic exposed existing weaknesses in the retail business model and exacerbated them. To make up […]
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How will you know how much product to produce for your next holiday? What kinds of capital will you need to invest in stock for your next fiscal year? Demand forecasting has the answers. Demand forecasts project sales for the […]
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In an ideal world, your eCommerce would have a return rate of zero. However, returns are unavoidable when you sell online. That’s why you need a robust reverse logistics operation. Return rates for eCommerce shops are more than double the […]
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You might not have heard of cross docking, but it just may be the solution to your eCommerce fulfillment problems. This is a time when many online retailers are facing difficulty in keeping products in stock. Cross-docking can help your […]
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A wholesale business is a great way to jump-start or expand your existing Shopify store. Perhaps you’ve been approached by businesses that want to buy your products wholesale. Or maybe you want to expand your markets. A Shopify wholesale store […]
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ECommerce sales represent almost half of all retail sales growth. In 2018, consumers bought $517.36 billion from online retailers. Despite this success, the average eCommerce site has a conversion rate below 5%. The bar for entry into the eCommerce marketplace is low. Therefore, […]