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How to Boost Your Ecommerce Conversion Rate

Ship Monk

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. 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. (You

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How to Perfect Your Customer Experience

GoShip Blog

A recent survey by SuperOffice found that 86% of customers are willing to pay a higher price just for a better experience. The most efficient and cost-effective way for your business to stand out among your competitors is through improving customer experience. It gives you the needed data to create buyer personas.

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How to Avoid Fulfillment Mispicks in Ecommerce

Ship Monk

Back in 2013, in a survey of 250 supply chain executives, more than half of them reported picking error rates of 3-4%, with each mistake costing the company an estimated $22. Far more orders are being processed, but each mistake costs more. But one look at this list should tell you that these costs add up in a hurry.

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The goldmine that is returns data

Logistics Business Magazine

Neil Adcock, Managing Director at Bis Henderson Consulting , reveals how to unlock the value hidden in returns data. The challenge of handling returns is only likely to grow, as are the costs. Estimates vary, but a typical finding is that returns are costing retailers 21% of order value. Getting hold of the data.

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Demand Forecasting in Logistics: How to Increase Your Supply Chain Income?

GoShip Blog

You can invest saved costs into more wanted products or launch a new line. According to statistics, about 80% of customers prioritize personalized service when purchasing. How to implement demand forecasting in your supply chain? The quantitative method relies on already existing sales data and previous demand tests.

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Leverage freight data for confident demand planning

FreightWaves SONAR

Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.

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The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

A recent survey forecasts that retail sales will soar to $32.76 This fulfillment method cuts down delivery costs of serving customers especially in dense cities. In a way, this model is a win-win as it saves return logistics costs for retail businesses. How to Improve Fleet Utilization?