The Future of eCommerce Business: What To Expect In 2024 And Onwards
The eCommerce business is booming and shows no signs of slowing down anytime soon. It might even become the primary way that people worldwide will shop. When the world came to a halt in 2020, eCommerce ensured that businesses could function. But what about the future of eCommerce business? The eCommerce sales are projected to […]
Surprising Dropshipping Market Size Statistics You Need To Know In 2024
Today, if you were to buy a product online, chances are it is a dropshipped item. Dropshipping is a business model where a business does not have to hold inventory. A dropshipping store acts like a middleman, taking the orders and sending them to another company. This other company, usually a supplier, will ship the […]
7 Wholesaler Types And How Do Wholesalers Make Money In 3 Key Ways
When you think about the supply chain, you have the manufacturers making the product and the stores that sell the product. However, the middleman’s curious case connects the supply chain’s two ends: the wholesalers. In just the United States alone, the cost of sales sold by merchant wholesalers totaled over 8 trillion USD, of which […]
Identifying and Addressing Inventory Risks in B2B With 6 Solutions
For any B2B business, revenue is essential. It dictates whether a company will be able to expand operations or not. One of the most important for companies is ensuring the inventory is well-stocked and ready for customers. A B2B business with properly managed inventory is crucial for that success. This is because the US Census […]
How To Start A Small Wholesale Business For Success: Your Guide To Growth
There are many levels in a supply chain. Before a product ever hits the store shelves, it goes through various points of contact. One such contact is by the wholesalers. Instead of handling end customers, wholesalers sell products to other businesses, which then sell to end customers. According to the Wholesale Global Market Report by Business […]
Differences Between Wholesale Vs. Resale You Need To Know
Have you ever wondered what the differences between wholesale vs. resale? It is much like the core differences between retailers and wholesalers. Both are important in the supply chain, but where they differ is where they are in the supply chain. Other than that, there are many other differences. If you are starting a business […]
Wholesale Hacks: Where To Buy Items In Bulk For Resale In eCommerce
How does one enter the eCommerce marketplace? If you are someone who has an idea and wants to sell it online, then this is a question that you might have thought of. The eCommerce market can be intimidating to enter, and competition is high. One such market is where people buy in bulk and resale. […]
Enhancing Customer Satisfaction Through Inventory Management
If you think about inventory management and customer satisfaction, you might think they don’t have much of a relationship. However, they are more connected than you might think, especially for B2B and eCommerce businesses. Inbound Logistics reports that 63% of businesses do not have visibility of the supply chain, leading to increased customer complaints. Without visibility […]
The Secret To Wholesaling: How Wholesalers Add Value And Make Money
Over the past few years, the wholesale industry has seen considerable changes. Gone are the days when wholesalers were crucial to the supply chain. More and more companies are looking to cut out the middleman and seek other alternatives to distribute their products. According to Statista, direct-to-consumer sales have increased by 15% from 2019 to […]
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