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Top Ecommerce Trends for 2024

Ship Monk

We can’t predict when joggers will go out of style (never, we hope) but we are pretty good at predicting ecommerce trends. Since ShipMonk is a third-party logistics provider (3PL for short), we’re well situated to observe the ecommerce supply chain from end to end. Here are a few of the trends we think are going to be big in 2024.

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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The rise of ecommerce. The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. Natural disasters. Geopolitical events. Tariffs and trade regulations.

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Logistics Predictions: How Did We Do in 2022 and What Will 2023 Look Like?

Logistics Viewpoints

Consumers’ appetite for ecommerce and home delivery continued to grow in 2022 but has been tempered by high inflation in the latter half of the year. The key point was that the pandemic converted more consumers to ecommerce and home delivery, especially the 55+ demographic. 2023 call: The driver shortage doesn’t get better.

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How Much Warehouse Space Do I Need?

Ship Monk

8 Factors Ecommerce Brands Should Consider What makes ecommerce logistics particularly challenging is not only its extensive scope—from packaging to transportation and beyond—but its constant fluctuations. Manufacturers can also keep safety stock to cover the ecommerce businesses they work with. It’s as simple as that. #4

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Importance of Social Proof in Ecommerce

Ship Monk

What can ecommerce businesses do to leverage this power? That, in a nutshell, is why ecommerce businesses cannot afford to ignore the importance of social proof. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. That’s a mind-blowing statistic.

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How to be an Eco-Friendly Ecommerce Brand

Ship Monk

Which means in the world of ecommerce business, entrepreneurs may feel torn between making eco-friendly decisions and strategic business ones. The good news is that you can stick that stigma where the sun don’t shine because there are plenty of ways to run a profitable eco-friendly ecommerce brand. What is Sustainable Ecommerce?

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Customer Retention vs. Acquisition: What You Should Know

Ship Monk

Turns out, a successful eCommerce company relies on more than just a rapidly-growing customer base. If you’ve been wondering which strategy is more deserving of your time and money, this is the article for you. Studies have shown that increasing customer retention rates by 5% has the ability to increase profits by 25 to 95%.