Managing eCommerce returns can be a headache for online retailers. If a rise in sales makes eCommerce merchants extremely happy, an increase in product return neutralizes that happiness. There is no doubt that online stores have higher return rates than offline stores and there are strong reasons to back this fact.

Logistics has always been a very important part of every economy and every business entity. The worldwide trend of globalization has led to many companies outsourcing their logistics functions to third-party logistics (3PL) companies. This helps them to concentrate more on their core competencies and hence generate higher revenues.

Scaling an eCommerce business can be hard work, but having an agile mindset can make it easier to grow the business. In fact, a recent global survey reveals that a majority of executives believe being agile plays a crucial role in delivering the right products and services, accelerating decision-making and speed to market, improving the customer experience, and staying ahead of the competition.

Ecommerce businesses were responsible for around $4.5 trillion in sales in 2021, and that number is expected to reach a whopping $7.5 trillion by 2023. There are millions of growing online businesses out there contributing to these high numbers. But, while it’s clear there is a lot of competition in this industry, even the biggest eCommerce companies in the world like Shopify, Amazon, Magento, eBay.

Today, E-commerce has entirely revolutionized retail. It has significantly influenced the buying behavior of customers across the globe and pushed retailers to sell online owing to the tremendously rising competition. According to Statista, 21.8% of the World’s population buys online, and in 2021, the number is expected to rise to over 2.14 billion. Logistics is an indispensable part of E-commerce and plays a major role in the way the industry operates.

Ecommerce has become an essential part of the global retail framework in recent years. Like many other industries, the ecommerce landscape has changed dramatically since the outbreak of the COVID-19 pandemic. According to Shopify, at the height of the pandemic, 10 years of eCommerce growth happened in just 90 days. Statista reveals that over two billion people purchased goods or services online in the same year.

Digital transformation in the Logistics and Transportation industry is extremely fast-paced. Consumer expectations around product delivery and speed are growing manifold, especially in a COVID world where a majority of purchases are being made online. This is putting immense strain on how logistics and transportation service providers manage their supply chains and embrace trends that aim to optimize warehouse operations and fleet management as well as reduce the overall cost of freight.

7R’s or 7 Rights plays a significant role in the backing of supply chains and international logistics. Every organization wants to excel in its functionality. They want the work to be done with optimal utilization of resources. Supply chain management corresponds to the management of products & services from the point of production to the end-user. It includes planning, designing, implementing, managing, and tracking supply chain activities.

The warehousing, which comprises around 10% of the overall logistics cost, has a significant impact on optimizing the remaining 90% that includes transportation, inventory management, material handling, packaging, etc. Analysis points out that the industry is growing at a CAGR of 10.5% and is further expected to rise with the Covid-19 vaccine distribution.The warehousing and logistics industry had an admirable run last year as Covid-19 forced businesses to focus on continuity plans and supply chain constraints.

A significant portion of a business’s day-to-day operations involves fulfilling customer orders. The order fulfillment process begins when the customer places an order and ends when the order arrives at their doorstep. When a business grows beyond its capability to manage order fulfillment in-house, it might be time to consider outsourcing certain functions to third-party logistics companies (aka 3PL services).

Recent years have seen massive advancement for the logistics and supply chain industry in areas like artificial and augmented intelligence, advanced analytics, and automation, to name just a few. Companies within the logistics and supply chain sphere must continue getting ready for all of these bigger changes with innovations from automated warehousing technology to last-mile delivery solutions.

It’s no secret that we’re living in the era of international commerce. Global eCommerce business sales have increased substantially year over year, with estimates predicting that global retail eCommerce sales will crack $11.08 trillion by the end of 2021. Research on cross-border eCommerce business suggests that companies can boost their sales by an average of 10-15% by extending sales to international customers.

The transportation and logistics industry faced plenty of challenges this past year due to new customs/border regulations as well as a pandemic. Cross border e-commerce has made import and export easier than ever before as the stock is supplied when the demand arises helping the e-commerce market to grow.