Many people worldwide start their daily routine with a cold brew or cappuccino. The National Coffee Association estimates that over 150 million Americans consume coffee daily. It is estimated that approximately 2.25 billion cups are consumed daily worldwide. The coffee industry is projected to generate around $200 billion annually. These … Read more
Securing the best freight costs and terms is one of the many priorities of any successful online merchant. A well-organized freight negotiation procedure can accomplish cost-efficient delivery and operations. Since freight charges make up a large amount of your overall running costs, it can benefit your business to negotiate a … Read more
Sourcing and procurement are common business terms that are frequently used interchangeably. However, these two widely used words in supply chain management mean different things. Even though they’re all crucial to procurement, each has diverse goals and needs for various organizational strategies, procedures, and resources. Online merchants must recognize these … Read more
Every business requires a solid production plan if it wants to maximize productivity. However, ensuring materials, equipment, and human resources are accessible when and where needed is a lot of work. Successful production planning is a long and challenging complex process. Similar to a road map, production planning helps your … Read more
Defining eCommerce Conversion Optimization eCommerce Conversion Optimization or Conversion Rate Optimization is the process of structuring a website, so it encourages visitors to take a specific action on a web page. These actions can be in the form of account creations, whitepaper downloads, newsletter sign-ups, or, in the case of … Read more
In the business world, resilience is always in demand. Resilient businesses can weather the shocks and stay solid and profitable when facing many challenges. Achieving supply chain resilience is essential for any business looking to stay competitive in today’s economy. The recent COVID-19 pandemic reinforced an undeniable business reality: it … Read more
The eCommerce industry has grown significantly over the last few years. More consumers are shopping online, and more retailers are maximizing their online eCommerce presence. The growth within the industry changes consumer behavior in meaningful ways and vice versa. eCommerce patrons have more options and information available today and, as … Read more
Amazon might only be 25 years old, but it secured its place globally as the top eCommerce platform. The marketplace has become a valuable tool and veritable gold mine for online retailers. In 2019, more than 200,000 third-party sellers made upwards of $100,000 on the platform. Considering how consumers purchase … Read more
In today’s digital age, data is continually created, with people producing information at a staggering rate. Each person on the planet makes 1.7 MB of data every second. The problem no longer lies with valuable sourcing info, but it lies with interpreting data and making the numbers useful. Big Data … Read more
What is Contactless Shopping? 2020 has been a life-changing year. The COVID-19 pandemic is undeniably the year’s most significant driver of change, disrupting the way people socialize to the way they shop. Even as businesses start to reopen, health and safety remain to be a top priority. Thus, normalizing the … Read more
Inventory is one of the essential facets of the global economy. Contrary to popular belief, inventory isn’t merely the items that a company has on hand and are ready to be sold. It is a form of a business asset that can affect cash flow, production cost, and overall profitability. … Read more
Reading time: 3 min 45s The Ultimate VAT Guide for Ecommerce Retailers in Europe The EU is a massive market for retail sales. But ecommerce retailers have to understand the basics of EU VAT rules along with applicable VAT on online sales when selling into Europe. This is important to … Read more
