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.
The Logicbroker team is always working to help automate the EDI and drop ship process. For users who send and receive EDI 820 documents, Logicbroker now makes makes it easier to decipher EDI 820 mapping fields to make your invoicing process simpler.
It’s hard to believe Connected Commerce 2019 has come and gone. Before we get into the full event recap, we wanted to thank all of our wonderful speakers, sponsors, and attendees. We’re so glad that we could learn and celebrate the future of digital commerce with you!
We're 'gearing' up for our 3rd annual industry and user summit, Connected Commerce, and counting down the top reasons you should too! Check out our top five reasons Connected Commerce is a can't-miss event, and why you should join us in Music City - Nashville, TN!