Our team kicked off the 2020 trade show circuit at NRF. We had a great time catching up with our clients and partners, and meeting new digital commerce enthusiasts too. We have a packed schedule for the remainder of the year, and hope to see you on the road! Continue below to catch us at upcoming events.
Going into 2020, online shopping continues to remain strong. With more and more shoppers turning to eCommerce as their primary shopping outlet, competition remains fierce between companies. Cultivating a large network of loyal customers is a winning strategy to keep that competitive edge. As a retailer, maintaining your brand is imperative. As you strive to better serve your customers by offering expanded inventory assortment and working with 3rd party vendors, maintaining your brand and reputation for excellence must be consistent across all vendors. Beyond our drop ship vendor scorecards, Logicbroker now offers enhanced visibility to what happens after a package has left the warehouse with tracking Parcel Movement.
According to Forrester, over the next five years online sales are expected to grow by $401 billion.
Going into the 2020 Holiday Peak, our team has been working hard to ensure a smooth selling season for our valued customers and portal users. While prepping for the upcoming rush, our product team reviewed our data and trends from top performing sales days (i.e. Prime Day) to come up with the following forecasts for 2019: we are expecting 128% growth for orders and 142% in GMV. Using regular linear regression we expect around 63% increase with the growth rate shown below.
Visiting brick-and-mortars gives customers an immediate sense of your business’s scale and size. Customers engage with your products, walk down your aisles, talk to the staff, buy their items and leave. You get the idea. The same tactile experience is unavailable when online shopping. Showcasing the scale and size of your business is more difficult to convey on a website. Online, you have to utilize better web design, U/X, thorough and engaging product descriptions, provide support. However, one area of planning that really yields good results for online businesses is a top-notch shipping strategy. To better understand what consumers look for in ecommerce shipping, ShipStation conducted a survey of close to 1,300 North American consumers. The study didn’t focus on any one particular group. We surveyed people from all walks of life and backgrounds to find shipping preferences and dislikes.
As we head into the Holiday Season, we’ve upgraded our platform to deliver an enhanced user experience and set our users up for success. Here are the latest updates to our platform, released on 10/28. Stay up-to-date with additional notes, updates, and support on Logicbroker's Help Center.
Picture this: you're adding new inventory to your website for the upcoming holiday season. The only thing is, you forgot to set up the same SKUs in the Logicbroker platform. Or, if you're a retailer, your supplier may not have properly matched their inventory products. In the past, you would have to perform the near-impossible job of going back into your inventory and finding the correct SKU. Now, Logicbroker has made it easier than ever to match the correct SKU with the correct product.