SPS Commerce’s Post

📈Today, 21% of retail sales are completed online. By 2026, it’s expected that number will jump to 25%.  Omnichannel fulfillment may be your key to continued success in a world where consumer demands set the standard. Adopting an omnichannel fulfillment strategy means:  🔎Complete inventory visibility  🔗A single unified system  🚚Cost-effective shipping options Are you ready to say “yes” to efficient omnichannel fulfillment? Check out our recent blog post on the topic: https://bit.ly/3Vl1uXw

How are you keeping your inventory across channels up to date? It is essential for retailers to have access to real-time inventory in order to maximize the potential of their stores. Without the proper systems, retailers can face inaccuracies that could affect customer satisfaction and their bottom line. It is essential for retailers to have accurate inventory counts to manage customer satisfaction. With an effective Order Management System and cross-department collaboration, retailers can ensure accurate inventory in order to avoid overpromising and ensure customer satisfaction. Read HotWax Commerce blog on the key to a successful omnichannel retail strategy to learn more strategies that are key to a seamless customer experience. https://hubs.la/Q01L71cV0 #ShoppingandtheRetailIndustry #Retail #Ecommerce #Omnichannel

The retail industry is undergoing a profound transformation due to the swift rise of mobile technology and e-commerce. According to the National Retail Federation (NRF), nonstore and online sales are projected to experience substantial growth, expected to reach $1.41–$1.43 trillion in 2023, with a year-over-year increase of 10% to 12%. For retailers to thrive in this dynamic landscape, an effective omnichannel strategy becomes paramount and ensuring a seamless and efficient fulfillment process is vital to meeting customer expectations and maintaining a competitive edge in the market. Full article here via CSCMP's Supply Chain Quarterly: https://bit.ly/4772wLB #retail #omnichannel #technology

How do you turn your stores into omnichannel machines? What are the benefits of shipping directly from your retail locations? In our blog, we capture the secrets to a successful shipping strategy that creates an omnichannel booster for your parcel delivery experience. Read our blog about sustainable strategies that help your last mile further. Link in the comments.

The rapid growth of mobile technology and e-commerce continues to change the retail landscape dramatically. Although the growth in e-commerce has moderated since the height of the Covid-19 pandemic, recent forecasts from the National Retail Federation (NRF) indicate online sales continue to increase. The NRF projects that nonstore and online sales will grow between 10% and 12% year over year in 2023, to $1.41–$1.43 trillion. However, according to NRF, most of those sales are being driven by a multichannel or omnichannel approach with brick-and-mortar stores still remaining the primary point of purchase for 70% of retail sales. As a result, the line between traditional brick-and-mortar and pure-play e-commerce retailers is blurring. Both types of players are now omnichannel retailers in response to rising consumer demand for multiple buying channels. Read more in this article: https://loom.ly/LHwGaIc

Data-driven decisions are the focus of attention in modern omnichannel retailing. Data can change all aspects of a retailer, from tailoring the offer to each and every customer in all channels, to allowing supply chains to become more dynamic. What exactly is logistics data? What are some real-life applications of this “data” that we speak of? Parcel Monitor Community answers these questions in their recent article here: https://bit.ly/3S0Nxfv

Bringing ship from store to live is something we help customers with on a daily base. In our blog post by Carl Henry Addoumieh, you can read everything about a successful omnichannel strategy and how to enhance ship-from-store options. Great read!

Order management can be painfully slow and inefficient. Today’s omnichannel retailers require powerful order management capabilities to handle complex fulfillment operations across multiple sales channels. In this latest guide, we take a deep dive into everything you need to know about enterprise #ordermanagement so you can streamline your systems for better inventory visibility, improved order processing, and faster fulfillment. Link in the comments.

Maersk Omnichannel Fulfilment is designed to help bridge the gap between the sales channels and through physical and digital logistics to strategically manage a seamless omnichannel fulfilment supply chain. It would be great to discuss how we can support you with you're route to market

How Integration Solves Four Top Omnichannel Retail Challenges: In the rapidly evolving retail realm, embracing an omnichannel approach is no longer an option—it's a necessity. However, this integration of online and offline sales channels presents significant challenges. There are so many hurdles, from inconsistency in data management to inconsistent customer experiences.     This blog post will explore four key challenges omnichannel retailers face and how integration can help. Integrating systems offer a way to overcome these hurdles and satisfy customers.  LavaLoon is your ultimate solution for smooth system integration!! Explore more through our website: https://lnkd.in/d7RV_3JB