2022 is right around the corner – and that means the return peak is almost here. It may sound daunting, but a bump in returns is a perfectly normal result of increased sales over the holidays. Ecommerce sales are expected to reach over $210 billion this holiday season. With consumers buying for friends, families, co-workers and more, it’s no surprise that not every gift is the perfect purchase.
The most wonderful time of the year is right around the corner – the holiday peak season. Somehow, this time of increased buying activity seems to be creeping up on us earlier and earlier each year – and that’s no coincidence. With sales now beginning prior to Black Friday and continuing through the New Year, the ‘peak’ is becoming a more spread-out – and more intense.
It’s an open secret that retailers really dislike returns. Returns represent lost revenue, dead stock, and even fraudulent behavior – none of which are helpful to your business. But is this true in practice? Are returns really as harmful as they appear to be? When we start looking into the impact of returns, there are plenty of scary stats out there.
If you’re a fledgling ecommerce business, choosing the right shipping carrier for your needs is a top priority. Without a carrier, you have no way of getting those orders out the door. While it’s tempting to pick a familiar carrier like USPS or FedEx, you could literally be leaving money on the ground in the form of missed cost savings.
Labor shortages have been an ongoing problem across industries during COVID-19, and logistics has been one of the hardest hit. So, what can businesses and 3PLs do to secure the seasonal labor they need to meet the demands of a busy peak? Mike Venditti, the VP Western Region at Whiplash, has some answers.
Sometimes, there can be too much of a good thing. Your inventory levels are no exception. There’s a variety of reasons why merchants may find themselves with more stock than they anticipated: Your demand forecasting may be out of whack.
You’re left with seasonal inventory after the holidays. You’re using a conservative inventory management strategy.