Ship Monk

JANUARY 27, 2021

Although it might be easy to pin these closures solely on the eCommerce piñata, there are other factors that contribute to a store’s decision to shut down, namely: Events outside of our control , such as the economic effects of a global pandemic The shift from a service to an experience-based economy A shrinking middle class Poor management.

eCommerce 85

eCommerce Picking Material Savings Production 85

Ship Monk

MARCH 4, 2021

we can talk about a couple of futuristic innovations that are rocking the socks off eCommerce: AR, or augmented reality, and VR, or virtual reality. Of course, there are always exceptions, as was the case with Pokémon Go, which relied on augmented reality to woo millions of fans around the globe. Subscribe to our blog newsletter !

eCommerce 67

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Ship Monk

SEPTEMBER 29, 2022

eCommerce Peak Season Problems and Solutions. Peak season is characterized by the increased demand across markets that causes businesses to amp up production and have large amounts of stock ready for holiday orders. But that’s only if companies address eCommerce peak season problems with skill and swiftness. 1) Supplier Issues.

eCommerce 52

eCommerce Purchasing Skills Inventory Reduction Cost Reduction 52

Ship Monk

MARCH 11, 2021

Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.” But First, What Are eCommerce Metrics? In other words, we’re examining eCommerce metrics, which are simply measurements of performance. Let’s continue!

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Ship Monk

SEPTEMBER 9, 2020

Every fairy godmother needs her magic wand, every knight needs his shining armor, and every eCommerce business owner needs their tools. While each eCommerce business will have their own unique setup, we’ve compiled a general guide to get you started and help you fill in the blanks of your current configuration. Tech tools, that is.

Optimization Software 56

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Ship Monk

JUNE 16, 2021

While operating at 110% capacity may not always be feasible, making the most of the eCommerce slow season definitely is. If you’ve been itching to pick up the pace, you’ve stumbled upon the right blog post. Grab your favorite pair of sneakers and allow us to run you through six suggested courses of action. Ready, set, go! #1.

eCommerce 58

eCommerce Inventory Reduction How To After-sales 58

Ship Monk

OCTOBER 10, 2023

There are a million products that are not one size fits all. On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. Omnichannel fulfillment services are definitely not one size fits all, as every ecommerce brand is unique and has its own special needs.

Procurement Solutions 64

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Ship Monk

OCTOBER 19, 2023

Maybe you’ve already heard of Section 321 or maybe you’re hearing about it now for the first time, but we’re here to tell you it’s a must-have for most ecommerce businesses importing goods into the United States. shipment type that is used to quickly clear small packages (like direct-to-consumer ecommerce orders) through U.S.

Inventory Reduction 64

Inventory Reduction Cost Reduction eCommerce Price Reduction 64

GoShip Blog

JULY 7, 2022

If you own an eCommerce store, optimizing your business for same-day deliveries can be beneficial both to your business and to your customers. Integrated distributed order management systems give a big picture view of inventory, orders, and shipments so you can keep an eye on the status of products from production to delivery.

Optimal Sourcing 52

Optimal Sourcing Optimization Software eCommerce Tips 52

3PL Insights

AUGUST 22, 2018

From the summer months to the winter, one must add seasonal products to the lineup, build an inventory pipeline, prepare for restrictions and delays in the transportation arena, and plan for a spike in returns. Read on for more details of what you should do with your eCommerce business in preparation for the holidays.

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Ship Monk

MAY 6, 2021

The answer, of course, is yes! Going global with your eCommerce business is often the final frontier for ambitious entrepreneurs looking to grow, grow, grow. Of course, this is a huge step for any company, which is why we’ve prepared this easy, breezy checklist for a hijinks-free transition. Sounds pretty simple, right? .

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Ship Monk

MARCH 11, 2024

What can ecommerce businesses do to leverage this power? We spend a lot of time researching products before we buy, but in the end we may still feel uncertain. That, in a nutshell, is why ecommerce businesses cannot afford to ignore the importance of social proof. Of course, sometimes following the herd can lead us astray.

eCommerce 89

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EazyStock

JANUARY 27, 2021

Focus on eCommerce. In addition to shorter lead times, lower shipping costs, no tariffs and a typically lower MOQ, domestically-source products usually are higher quality – plus, sourcing domestically can work as an attractive marketing strategy. However, these tend to be less efficient and products are usually more expensive.

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Ship Monk

AUGUST 20, 2021

Regardless of the eCommerce model you fall under or how long you have been in the retail game, a little dash of tried-and-true insight never hurts, and a dash is what we’re here to deliver! If your products are solid and your business plan is sound, our sage advice will help you get the most out of your hard work and dedicated efforts.

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Ship Monk

APRIL 7, 2021

Of course, there’s only one way to find out if crowdfunding is the secret ingredient missing from your eCommerce sauce of success, and that’s through reading this article. If you’ve been in the eCommerce game for long enough, you’ve likely already come across crowdfunding, even if indirectly. so hop along for the ride!

eCommerce 61

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Ship Monk

FEBRUARY 25, 2021

2020 was a monumental year for eCommerce, but not in the way any of us expected. eCommerce merchants and customers alike were faced with some pretty, dare we say, unprecedented challenges that, among other things, forced major changes in both the foundation of online retail and our perceptions of it. Empathize with Your Customer.

eCommerce 54

eCommerce Manufacturing Procurement Eliminating Excel in Purchasing Scenario Planning 54

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed.

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Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Ship Monk

FEBRUARY 10, 2021

Crowdfunding is the latest and greatest in eCommerce. backers, pledge a monetary amount of their choice to a cause or product they believe in. Of course, in a competitive market , it can be easy to get drowned out. P.S. Want more nuggets of blog wisdom? Every Batman needs his (or her!)

Material Savings 98

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Ship Monk

DECEMBER 15, 2023

Will the huge growth in ecommerce sales continue, or will the numbers fall back to “normal” pre-pandemic levels? Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms. What were your best-selling products? Opinions on this vary.

Purchasing Skills 64

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Ship Monk

AUGUST 13, 2021

If you’re an eCommerce company who dabbles in the world of international shipping, then you’ve probably heard the buzz about the 2021 updates to EU VAT, or European Union value-added tax. Lucky for us, we’ve talked about DDU in a previous blog post — be sure to check that out after you’re done here! Times are a-changin’.

eCommerce 95

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Ship Monk

SEPTEMBER 16, 2020

Ladies and gentlemen, you’ve just stepped into the ring — the eCommerce ring, that is. With tensions running high, who will reign supreme as the champ of eCommerce sales platforms? Are you currently, or do you plan on, selling products online? Of course, there is no such thing as a one-size-fits-all solution.

eCommerce 56

eCommerce Procurement Solutions Purchasing Skills Sorting 56

GoShip Blog

JULY 7, 2021

These interconnected parts seamlessly move a product from a manufacturer or supplier to its final destination, such as a customer or retail store. Tier 3: Suppliers provide raw metals that are used to construct specific products. . Tier 1: Suppliers directly sell products to major corporations. Product issues.

Supply Chain Planning Software 98

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Ship Monk

APRIL 28, 2023

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?

eCommerce 66

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Ship Monk

MAY 5, 2022

We know that’s not an easy decision for any eCommerce business to make. For example, you might ship 50% of each SKU quantity, or a specific group of products. When new inventory becomes available, whether through stock replenishment or new product launches, you ship it directly to your new fulfillment center for incorporation.

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Ship Monk

AUGUST 30, 2023

would put you in the middle 60% of ecommerce stores according to this benchmark. 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. What is an Ecommerce Conversion Rate? Anywhere between 0.2%

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Ship Monk

APRIL 22, 2021

Of course, if you’re an eCommerce business owner, your paths are almost guaranteed to cross, even if you never actually step foot inside a fulfillment center. Of course, there’s no way that Carl can take on the responsibility of peddling his goods across county lines — he’s just one man, and he’s got candy to make. Talk to us !

Negotiating Skills 90

Negotiating Skills 4PL Scenario Planning Optimization Modeling 90

Ship Monk

DECEMBER 30, 2020

It’s no secret that shipping is one of the most important aspects of eCommerce. Ready to pair your fabulous products with fabulous shipping? Slightly inflate the prices of your products so that they cover part of the shipping, while still technically keeping shipping free. A brick-and-mortar sage and an eCommerce guru?

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Ship Monk

APRIL 28, 2022

Business growth refers to increasing the resources within your business–products, warehouse space, employees, investors, and so on. After all, customer acquisition costs only continue to get higher in the eCommerce industry. That, of course, doesn’t mean you shouldn’t focus on the present state of things. At A Glance.

Optimization Software 52

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Ship Monk

DECEMBER 2, 2020

Here you are, a determined eCommerce business owner, facing yet another major decision. So far, you’ve probably stuck to internal turmoils — product sourcing, website creating, store marketing, etc. Experimenting goes hand-in-hand with eCommerce. Of course, stuff happens. Subscribing to our blog newsletter ! ??.

Outsourcing 57

Outsourcing Ordering Negotiating Skills Logistics Network Optimization Software 57

GlobalTranz

FEBRUARY 25, 2021

Reverse logistics refers to all operations related to the reuse of products and materials. Normally, logistics deal with events that bring the product towards the customer. When a manufacturer’s product normally moves through the supply chain network, it is to reach the distributor or customer.

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Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Ship Monk

FEBRUARY 9, 2024

As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes.

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Ship Monk

MAY 20, 2021

Of course, we couldn’t let our entrepreneurial free spirits miss out on those numbers. Who will be your logistics partner as you navigate the world of eCommerce? Those are all fill-in-the-blanks, of course. ??. #6. Here, it might be helpful to think about the four Ps: product, price, place, and promotion. Market Research.

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Ship Monk

AUGUST 5, 2020

If you’re thinking of selling products online, Amazon.com is a solid place to start. As the 13th largest company in the world, Amazon averages 200 million unique visitors per month , which means there’s plenty of opportunity to put your eCommerce business on the map. Buy Box Priority. More Responsibility.

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How To Inventory Reduction Price Reduction Purchasing Skills 56

Ship Monk

JUNE 3, 2021

A 3PL, or third-party logistics provider, is an indispensable asset in the eCommerce journey, but, to many, the concept of outsourcing is still shrouded in mystery. Of course, not all 3PLs are created equal. Our rebuttal, of course, is to hit you with even more 3PL perks. Subscribe to our blog newsletter for more!

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Ship Monk

JULY 17, 2023

At ShipMonk, we may not deal in DC superpowers; however, we are a titan in the ecommerce industry in terms of ensuring DTC and B2B brands get lightning-fast shipping speed, the strength of a technology-driven operation working to achieve your goals, and international advantages that allow your expanding business to fly higher than ever before.

eCommerce 52

eCommerce Logistics Network Optimization Software 3PL Supply Chain Software 52

Logistics Bureau

JUNE 21, 2020

With the significant disruption to Australia’s supply chains caused by the Covid-19 pandemic, the question now focusing the minds of supply chain managers is whether production outsourced to China can be brought back onshore—and if so at what cost. Let us look at some of the main ones: 1. Economic Benefits. Ali Baba and the $4 Pyjamas.

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Logistics Bureau

DECEMBER 4, 2023

The answer depends, of course, on your company’s objectives and, particularly, on your customer service promises. That’s because there is no requirement to have empty or near-empty bins tied up while waiting for the next delivery of the assigned products. But what does a great inventory management strategy look like?

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