In order to shed light on the obstacles confronting CBD suppliers within the logistics space, Ware2Go conducted interviews with two U.S.-based CBD brands. Each brand is focusing on a unique segment of the CBD market and is operating at a different stage of business growth. The stories and experiences of these two brands are provided here in order to paint a vivid picture of what the logistics challenges surrounding the CBD industry look like today, and how companies are working to successfully navigate them.
If your business is built around providing physical merchandise or products to customers, you know how important it is to always have enough inventory on hand to meet demand. However, as operational costs pile up, investments in areas like marketing, R&D, or sales might suddenly dominate your budget in one month or quarter. As a result, you may find that maintaining enough capital to always afford sufficient stock is harder than it sounds. This is where strategic inventory financing comes into play.
Today, the ability for companies of all sizes to leverage a 3PL or 4PL for enhanced logistics efficiency can provide massive advantages. However, there are also numerous risks that can arise from outsourcing your logistics workflows, especially if the wrong provider is selected or if the level of functionality adopted is insufficient to support ongoing operations. So, for companies that need access to greater logistics capabilities but are unfamiliar with today’s complex landscape, the following article offers insight as to what should be focused on when selecting a provider.
Whether you’re a large enterprise jump-starting a direct-to-consumer sales channel or a start-up just beginning to sell your products, developing a robust e-commerce strategy should be at the top of your priorities list. But before companies dive too deep into their online marketing and sales efforts, it is important to take a step back and consider all the steps involved with building a sustainable, long-term e-commerce strategy.
For small businesses dealing with high shipment volumes or complex (heavy or bulky) products, having to personally pick, pack, and ship every new customer order can quickly become overwhelming. This is especially true as the rise of e-commerce gives businesses access to a broader base of potential customers. But given their limited resources, how can SMBs upgrade their fulfillment workflows without depleting their budget or overwhelming their staff? For a growing number of firms, the answer is on-demand warehousing.
With the introduction of Ware2Go's new supply chain optimization tools, merchants of all sizes can now access a dynamic forecasting model that analyzes historical sales data, seasonal trends, and broader macroeconomic factors to help them better predict future order volumes. These insights are then used to determine the best locations for merchants to add warehouses, as well as the optimal amount of inventory to store at each warehouse, in order to improve delivery speeds while simultaneously reducing inventory and shipping costs.
Long before the winter holidays arrive, seasonal suppliers are already prepping their supply chains to handle the uptick in demand. But without a warehousing and fulfillment strategy that is tailored to fit seasonal requirements, companies lose out on significant portions of their revenue due to year-round storage and inventory management costs. With this in mind, how does on-demand warehousing and fulfillment enable seasonal suppliers to avoid unnecessary expenses while still capitalizing on their peak season?
At a time when e-commerce sales continue to grow, speed of delivery is gaining attention as the most important deliverable for merchants to focus on. But are order fulfillment speeds really the most influential factor for online shoppers? How does the cost of shipping compare to speed? This article examines how shifting customer expectations regarding the cost and speed at which online orders are delivered have shaped the methods by which businesses execute their e-commerce sales, marketing, and fulfillment strategies today.
Today, many small businesses dream of a scenario where they have so many clients, they can't keep up with demand. But while this scenario sounds nice, the operational challenges that arise from small business growth can actually do more harm than good. To combat the risks associated with unchecked growth, how can small businesses support an expanding customer base without adding excessive costs or overwhelming their staff?
As the established but increasingly cumbersome logistics models of large enterprises struggle to handle a new age of customer expectations, companies are looking for new ways to foster innovation and drive improvement across their supply chains. Along this front, on-demand warehousing and fulfillment models have proven effective in providing large businesses with an alternative distribution network that allows them to quickly respond to new industry trends, test demand in new markets, and deliver expedited shipping to customers.
Competition among businesses to win over new clients is as high as it’s ever been. Given that U.S. companies collectively spent $220 billion+ on media advertising in 2018, how can merchants with limited budgets stand out above the noise to create lasting impressions on their customers? In a world where e-commerce shopping is on the rise, combining personalized packaging with a seamless delivery experience may be what ultimately differentiates your brand from competitors.
Although Shopify’s core e-commerce platform is already robust, there are thousands of “add-on” applications available that can be used to enhance site owners’ pages. These apps can perform all manner of functions from running sales promotions and developing marketing campaigns to tracking and managing online orders. To help you determine which of these apps are best for your business, this article highlights 11 of our favorites.
As trade conflicts escalate, U.S. companies are facing a growing number of supply chain challenges. Now with potentially more trade disruptions on the horizon, how can on-demand warehousing provide an avenue for companies to navigate these obstacles without overburdening themselves or exhausting their capital?
Although few companies have the resources available to Amazon or Walmart, understanding their unique e-commerce fulfillment models can help businesses determine the best approach for optimizing their own workflows. This article explores Amazon and Walmart’s e-commerce fulfillment tactics in order to help businesses streamline their own operations while avoiding unforeseen risks.
In an age where customers expect efficiency across all facets of their e-commerce buying experience, how can small and mid-sized businesses optimize their workflows to meet these heightened expectations without overburdening their staff or exhausting their capital? As many businesses are discovering, the answer might be on-demand warehousing and fulfillment.
In February, Ware2Go was honored as a recipient of the 2019 BIG Innovation Award by the Business Intelligence Group. BIG honors organizations from across the globe that exhibit an innovative and forward-thinking approach to business and consumer solutions. Ware2Go's tech-forward solution for simple and affordable 2-day delivery was highlighted as a unique and innovative approach to logistics management, and is designed to help merchants easily position products closer to end customers for a fast, inexpensive, and reliable order-to-delivery experience.
Optimizing your logistics workflows is not always easy. However, a streamlined logistics process is essential to supporting long-term business growth. But in a constantly evolving landscape, how can merchants ensure that their logistics operations remain up-to-speed? In order to aid companies in establishing robust logistics practices, this article highlights four key points to consider.
If you run a warehouse, you know firsthand the consequences of an inefficient fulfillment process. Any kind of bottleneck can affect your company’s bottom line and the bottom line of your customers. Inefficient operations, a lack of integration, and disorganized inventory all lead to problems in fulfilling e-commerce orders. Thankfully, these pain points in fulfillment do not have to be permanent.
Third party logistics businesses providers have a unique challenge and opportunity in front of them. The challenge is keeping up with the shipping demands associated with e-commerce. The opportunity? Expanding your business and growing your customer base.