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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

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. In truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.

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Email Tips for Ecommerce Businesses

Ship Monk

One of the greatest benefits of owning a direct-to-consumer (DTC) ecommerce business is that you get to form a direct connection with your customers. Direct mail, while not as eco-friendly and far more expensive, can be used to deliver a coupon to infrequent shoppers, or communicate big events, such as an annual sale or new product drop.

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Profitably Delivering eCommerce with Consumer-Centric Priorities

Logistics Viewpoints

Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. In a McKinsey surveyed, 59% of participants stated that a lack of executive vision was a significant obstacle to the digital transformation of their organization. [2] The payoff is well worth it.

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Demand Forecasting 101: Everything eCommerce Businesses Need to Know

Ship Monk

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! If you had a crystal ball, what is the first thing you would ask? What is Demand Forecasting?

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

Logistics Viewpoints

Geopolitical events. The rise of ecommerce. While creating a demand-driven supply chain means ingesting and interpreting large volumes of data, advances in cloud computing and edge computing make data-based decision making easy and cost-effective. Natural disasters. Tariffs and trade regulations. A Positive Example.

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Most Popular Logistics Stories from 2021

Logistics Viewpoints

Data from the U.S. Distribution is no longer a backwater of the economy, due in large part to the upheavals brought on by ecommerce. This new infrastructure will allow the retailer to expand ecommerce assortment while reducing both shipping time and cost. Commerce Department shows that online retail sales jumped 32.4%

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The Post-COVID Supply Chain Frontier

3PL Insights

Looking forward, here are a few supply chain trends that will likely emerge from recent events. According to a Thomas survey of 878 North American manufacturers, 64% reported they were likely to bring production and sourcing back to North America. When the government forced many retailers to shut down, people turned to ecommerce.