E-commerce has truly taken off over the last several years. A decade ago, online sales amounted to about $230 billion. Last year, they surpassed $870 billion. No doubt this figure will continue to soar during the years to come. An ever-growing number of retailers are catering to consumers’ desires to shop online. That gives shoppers an increasing range of products to choose from.
Challenges for Online Retailers
This ongoing trend toward online shopping is also creating numerous opportunities for retailers. Of course, it’s causing certain problems as well. Many find that their sales are exceeding their ability to fulfill orders. That leads to disgruntled customers, lost sales, and many other problems. Countless business have found that third-party fulfillment services can help bridge the gap. A full article on this matter can be found by following the provided link. For now, though, take a look at some of the advantages of fulfillment companies.
More Efficient Order Fulfillment
Third-party fulfillment companies speed up the packaging and shipping process. That tends to make for more satisfied customers and higher sales. One recent write-up entitled, “E-Commerce Fulfillment Services Market Growing at a CAGR of +9.90% from 2022 to 2028 | Post Impact of Worldwide COVID-19 Spread Analysis” sheds a great deal of light on this matter.
Better Storage Solutions
Quite a few online retailers struggle to keep enough inventory on hand to keep up with customers’ orders. Warehouse space is a major hurdle in this regard according to realtimecampaign.com. Fulfillment companies offer warehousing and storage options to meet their clients’ needs. That helps eliminate much of the struggle growing companies face.
Packaging Options
Product packaging is crucial for businesses. It protects products while making them stand out. It can serve as a form of marketing and promote a retailer’s brand. Many order fulfillment companies offer customized packaging solutions for clients. That allows retailers to maintain their branding efforts without having to package their own products.
Saving Money
Online retailers are up against numerous hurdles where logistics are concerned. Recent supply chain crises and rising shipping costs are only a couple of the developments now causing problems for companies. Waning warehousing space and surging costs can’t be overlooked, either. All those issues are eating into online sellers’ profits. Order fulfillment services can save companies money from several angles.
Managing the Hurdles of Online Retail
Companies in the e-commerce sector stand to gain a great deal in light of evolving shopping trends. Higher profits and greater recognition are only a couple of the potential benefits. Companies like ShippingTree are here to help businesses make the most of the online retail world.
Though the growing e-commerce industry is giving businesses numerous opportunities, it’s also causing its fair share of struggles. Keeping up with the surging demand from consumers is one of the most significant problems businesses are facing. Packaging and finding storage space for products enter the mix as well. On top of all that, rising costs are detracting from online retailers’ success. Order fulfillment services can help combat all those issues and many others.
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