Ship Monk

JANUARY 30, 2023

If you’ve read PART 1 of our Ultimate Ecommerce Merchant Guide then you are halfway through absorbing the best lessons any entrepreneur can learn from the previous peak season, and are primed with the right knowledge to restructure for a stronger 2023. Welcome to the ecommerce party! And if you haven’t read PART 1, no worries.

eCommerce 52

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Ship Monk

SEPTEMBER 29, 2022

In PART 1 of our “Peak Season 2022 Guide for eCommerce Brands” we discussed the major problems that affect eCommerce brands for peak season 2022, and the solutions entrepreneurs can seek to resolve them. It can be difficult for eCommerce brands, (DTC brands in particular) to prep for the onslaught of Black Friday sales.

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Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. For example, if you’re a clothing vendor, the type of garment would have an alphanumeric assignment (jacket, coat, shirt, skirt, pants, etc.). How to Calculate SKUs in Your eCommerce Inventory.

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Ship Monk

JANUARY 27, 2023

While “going with it” is an acceptable strategy for some areas of the holidays; it’s not a strong plan for ecommerce brands during peak season. Get Faster Shipping Options Peak season is when ecommerce brands of all sizes across all verticals feel the most pressure to deliver on the delivery front. Reduce Cart Abandonment 2.)

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Ship Monk

APRIL 28, 2021

Starting an eCommerce business is certainly no small feat, and it takes a special kind of tenacity and follow-through to find long-lasting success in such a competitive — but exciting! In practice, this could mean, for example, slowly but steadily growing your inventory instead of adding lots of items all at once. Embrace Change.

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Ship Monk

NOVEMBER 14, 2022

For others, they’re signs of elevated stress levels, which can definitely lead to eating way too many cookies. If that sounds like you, then you’re probably an ecommerce business owner. While ecommerce has experienced boom after boom, 2022 has proven to be an interesting year in its already storied history. Slice of cake.

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Ship Monk

JANUARY 8, 2024

Definitely not. For example, if milk wasn’t FDA-certified you wouldn’t have verification that the cows producing it are healthy. ShipMonk is an omnichannel ecommerce fulfillment enterprise that services ecommerce brands of all sizes across all verticals, including ecommerce brands that need FDA registration.

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Now, That's Logistics

NOVEMBER 9, 2021

Retail ecommerce increased by 75% in 2020 in Canada and is on track to expand by another 12% in 2021, according to eMarketer. This year, ecommerce will account for 13.4% For example, retailers are investing in digital platforms to reach consumers dispersed over a vast land mass while responding to competition from global e-tailers.

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Ship Monk

AUGUST 21, 2023

The literal definition of entrepreneur is “a person who organizes and operates a business, taking on greater than normal financial risks in order to do so.” Entrepreneurs are the lifeblood of forward movement in every industry; they are the movers, shakers, idea creators, and changemakers.

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Ship Monk

APRIL 12, 2022

However, in our evolving technology-driven era defined by words like online , virtual , and eCommerce , focusing attention on customer service has never been more critical. At ShipMonk, it has definitely been one factor that makes our success. “It About Business Intelligence Group.

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Ship Monk

JULY 14, 2023

In the case of shipping for an ecommerce brand, in addition to harnessing ShipMonk’s Virtual Carrier Network , we recommend using a variety of shipping carriers vs. relying on one provider. The shipping industry has many competitors that bring a variety of services and rates to the table, but the main players are USPS, UPS, FedEx, and DHL.

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eCommerce Negotiating Skills Material Savings Supply Chain Design Software 52

Ship Monk

MARCH 20, 2023

Safety nets aren’t just for folks jumping out of airplanes; every ecommerce business owner should have safety nets built into multiple levels of their operations to deal with an industry that is always in flux. Manufacturers can also keep safety stock to cover the ecommerce businesses they work with. What is Safety Stock?

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Ship Monk

MAY 1, 2023

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. No two days are ever the same, and your warehouse-storage needs are a prime example. It’s as simple as that. #4

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Ship Monk

AUGUST 15, 2022

If your eCommerce business sells lanyard bracelets or fuzzy socks, shipping costs and shipping processes are easier than, say, if you sell grand pianos or plasma televisions. For eCommerce merchants who are selling pianos, plasma screens, etc. For eCommerce merchants who are selling pianos, plasma screens, etc.

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Ship Monk

MARCH 11, 2024

What can ecommerce businesses do to leverage this power? And when we feel uncertain, humans tend to look for examples of what others in our situation have done. That, in a nutshell, is why ecommerce businesses cannot afford to ignore the importance of social proof. That’s a mind-blowing statistic. What is Social Proof?

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Ship Monk

JANUARY 6, 2023

We’ll give you the definitions for SKU, UPC, and barcode, and cover their differences and how each is used. It’s a unique code created and used internally by retailers and ecommerce sellers to identify each unique product and product variation that they sell. The most common example of a 2D barcode is a QR code. What is a SKU?

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Ship Monk

MAY 23, 2023

Things that customers and ecommerce merchants dislike equally: “Where’s my order?” Once your ecommerce brand has reached significant sales, and you can effectively analyze buyer behavior, it’s time to think about the best ways to disperse your inventory. Strategically located fulfillment centers. 2PL vs. 3PL Warehouses store things.

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Ship Monk

AUGUST 3, 2022

Not all of those examples are exactly illustrious, but they do (for the most part) prove that two heads really are better than one. In the world of eCommerce, that proverb certainly holds true. But what is this mysterious entity in the eCommerce world? Logistics Service Provider Definition. Ready, Set, Migrate!

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Ship Monk

SEPTEMBER 6, 2023

This is one of the simplest ecommerce metrics to calculate. For example, if your omnichannel ecommerce business processed 5,000 orders last month for a total of $300,000, the average order value for the month was $60. Simply divide total revenue during a period, by the number of orders during that same timeframe.

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Ship Monk

SEPTEMBER 19, 2022

Remember when you were managing your eCommerce business out of your garage? Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. They’re interchangeable terms in the industry, so feel free to use whichever term you like. So what exactly is holding cost?

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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?

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LandLink

MARCH 11, 2020

The debate over whether density-based pricing will succeed in toppling the traditional National Motor Freight Classification’s (NMFC) based pricing in the LTL industry is an ongoing debate. Unlike in the past, the LTL industry today has a massive volume of smaller shipments. The ability to double stack pallets is a prime example.

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Morai Logistics

MARCH 14, 2019

The Global ecommerce market has seen an incredible increase in market value over the last 5 years as a result. Statistics show that in 2014, the global ecommerce market generated USD $1.3 There are a variety of definitions that have been created to define smart manufacturing, or smart factories as some experts have coined.

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Ship Monk

JULY 11, 2022

As the hero of your business journey, every eCommerce entrepreneur also needs their own amazing method of transportation that they can count on to get their goods to customers. That being said, it is definitely helpful to understand the benefits each shipping carrier brings to the table. Think – books, clothing, stuffed animals.

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eCommerce Logistics Network Optimization Software Purchasing Skills Supply Chain Design Software 52

Logistics Business Magazine

JANUARY 20, 2022

With capacity constraints, ecommerce growth and driver shortages creating dilemmas for many as well as the increased focus from the industry on environment and machine learning, it was a year that was definitely not without its tests.

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Logistics Business Magazine

APRIL 23, 2021

The demand on ecommerce was staggering. Conversations about infrastructure, reshoring, last-mile delivery, regionalisation, automation, staffing, and ecommerce were happening across every industry. Ecommerce boom: the acceleration in ecommerce purchasing caught many companies by surprise.

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ShipLilly

JULY 15, 2021

Meanwhile, the shipping industry must find a way of dealing with this problem. The shipping industry relies on human labor. In other words, the shipping industry must find unique solutions to problems that have landed right at its feet. Technical definition of abandoned cargo. Others are too frightened to come to work.

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Talking Logistics

AUGUST 3, 2017

No one can argue that the rise of ecommerce and omni-channel fulfillment has dramatically impacted the supply chain in recent years. So where is the industry heading? Increased focus on ecommerce, along with trying to compete with the likes of Amazon and Wayfair, has created intense market competition in retail. The Rise of DTC.

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Ship Monk

JANUARY 20, 2023

Welcome back to the ultimate guide for enhancing your ecommerce knowledge! In PART 2 of our epic ecommerce terms guide and glossary, we’re here for you—the ecommerce merchants and entrepreneurial warriors of the world—to explain key terms relating to ecommerce, logistics, fulfillment, inventory, and more.

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Ship Monk

DECEMBER 1, 2022

While a hundred years ago you’d be lucky to get a package across the country in a few weeks, over the last twenty years the ecommerce industry has completely changed customer expectations. Ergo, ecommerce brands that don’t offer fast shipping options could be missing out on a lot of business. Sound simple?

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Talking Logistics

SEPTEMBER 8, 2017

In response to Hurricane Harvey, for example, JDRF and other organizations shipped more than 3,750 pounds of donated diabetes supplies to Houston (including 200,000 syringes, 50,000 pen needles and 20,000 alcohol pads) to help people with diabetes affected by the hurricane. IPO (Reuters).

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Ship Monk

JANUARY 16, 2024

Is your ecommerce business growing so quickly that you’re having trouble keeping products in stock? Let’s start with a few definitions. The ecommerce business can see inventory levels and order status at a glance through a centralized portal. What is a Perpetual Inventory System?

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Logistics Business Magazine

NOVEMBER 13, 2022

Parcel Mentality : Typical parcel deliveries are fast, but not necessarily time definite at the point of purchase. This may be high-value impulse purchase goods or replacement items, for example. The sustainability message here goes beyond retailers to the logistics industry as a whole (i.e.

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Logistics Business Magazine

JANUARY 19, 2023

The core target group is the pharmaceutical and electronics industries. The AMR IL 1200 from Continental Automotive Technologies is designed for use in warehouses or logistics centres as well as production logistics with heavy pallets, such as those found in the automotive and metalworking industries.

Modeling Software 70

Modeling Software Logistics Network Optimization Software Manufacturing Procurement Sourcing Strategies 70

Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Let’s start with some definitions. Which ones are the most important?

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eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Ship Monk

FEBRUARY 16, 2023

In the ecommerce industry it’s a feeding frenzy out there—DTC and B2B retailers doing everything they can to get shoppers’ attention. Colossal companies like Amazon created this “new normal” in the ecommerce industry, and all merchants have been forced to follow or get left out in the cold.

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Locus

MAY 25, 2022

Take last-mile deliveries for example. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. – Retail speaks: Seven imperatives for the US retail industry, Mckinsey, 2020. And how they have been changing! Inefficient routes affect delivery times.

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