How Covid Has Changed Retail
E-commerce is Stronger Than Ever According to Forbes, e-commerce sales have grown 129% from last year, and are estimated to hit $709.78 billion by the end of 2020, making history for the largest e-commerce sales increase in a single year. Such growth marks a huge change that emphasises the importance of prioritizing e-commerce in today’s […]
CommerceHub + Dsco: Creating the New Digital Supply Chain
Let’s face it, no retailer’s marketplace will be able to compete with Amazon (or Walmart) when it comes to general assortment size. It’s also very difficult to compete in terms of shipping costs, membership perks, and delivery speed. So what other value prop can retailers who are considering opening a marketplace offer their consumers?
Retail Leaders Share Tips on Navigating Peak Carrier Challenges
Let’s face it, no retailer’s marketplace will be able to compete with Amazon (or Walmart) when it comes to general assortment size. It’s also very difficult to compete in terms of shipping costs, membership perks, and delivery speed. So what other value prop can retailers who are considering opening a marketplace offer their consumers?
How to Drop Ship Successfully Part 2: The Basics
One of the most significant trends in the ecommerce supply chain over the last decade has been the shift toward drop shipping and third party distributed inventory. A lot has changed since 2003. With such clear advantages, retailers and suppliers are being compelled to adopt drop shipping to be competitive with product selection, product penetration, and omnichannel. As we saw in last week’s post, those who fail to overcome the challenges associated with drop shipping and a more virtual supply chain will face far more severe disadvantages as ecommerce and omnichannel inevitably take up a larger percentage of retail.
Marketplaces, Are they Worth it?
Besides weighing the various benefits and drawbacks, you must be comfortable with the fact that marketplaces are not just neutral platforms for selling products but competitors in their own right who will have access to your sensitive customer and supply chain data.
Why you really need to drop ship
Let’s face it, no retailer’s marketplace will be able to compete with Amazon (or Walmart) when it comes to general assortment size. It’s also very difficult to compete in terms of shipping costs, membership perks, and delivery speed. So what other value prop can retailers who are considering opening a marketplace offer their consumers?
Should you open a marketplace?
A lot of retail companies are wondering if they should open a marketplace. Such models offer the promise of unlimited assortment without the need for upfront investment, inventory risk, or costly trading partner integrations. Additionally, marketplaces seem to be one of the reasons why Amazon and Walmart have seen amazing growth in their ecommerce, even during the recent pandemic.
Do you really need a marketplace?
Let’s face it, no retailer’s marketplace will be able to compete with Amazon (or Walmart) when it comes to general assortment size. It’s also very difficult to compete in terms of shipping costs, membership perks, and delivery speed. So what other value prop can retailers who are considering opening a marketplace offer their consumers?
Why I Keep Returning to Amazon
Nordstrom and other large chains such as Best Buy have been able to do so and this trend of modernizing supply chains to create great in-store experiences will be the saving grace of physical retail. That’s a lesson that even ecommerce giants such as Amazon and Wayfair are beginning to understand and it’s leading them to open their own brick and mortar stores.
Some experiences just can’t be virtualized.
Four Advantages of Brick and Mortar Retail
When brick and mortar stores harness the above advantages they do well even in the current difficult retail climate. That’s why companies like Best Buy, Walmart, and Target have been able to not just hold their own but thrive in spite of ecommerce eating up more of the retail landscape. Such stores provide a slew of conveniences and advantages that ecommerce can only dream of.