article thumbnail

Want to Cut the Cost of Fast Fulfillment? It All Starts with Inventory Placement

Retail TouchPoints

The problems with getting products to people quickly and cheaply are well-known: consumers want fast fulfillment, which is costly to provide, but they don’t want to pay high (or really any) shipping fees. Even Amazon , the trendsetter in fast fulfillment, isn’t immune to higher labor costs.

article thumbnail

Building Loyalty Without Breaking the Bottom Line: the Dual Shipping Dilemma for Ecommerce Merchants

Retail TouchPoints

While this is good news for many ecommerce retailers, it has also become more and more expensive to deliver those goods to customers. This presents a dual shipping dilemma for businesses: how can they keep shipping costs on the business low, while also offering customer-friendly return policies? of total retail sales.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Complete Guide to Omnichannel Fulfillment for Enterprise Retailers

Fabric

According to The Federal Reserve Bank of New York’s Global Supply Chain Pressure Index (GSCPI), which includes key metrics such as shipping prices, delivery times, and backlogs, supply chain stress soared to severely elevated levels from 2020 to 2022. What is Omnichannel Fulfillment? Let’s dive in!

article thumbnail

Internal Warehouse vs. 3PL: How to Reach the Best Decision for Your Business

Retail TouchPoints

In internal fulfillment, the business handles the complete process of storing, packing and shipping. The company must have a warehouse to keep its inventory, and a logistics team to manage the goods for storing, ordering and shipping directly to stores/distributors or customers. Each option has its benefits and disadvantages.

article thumbnail

What is Order Management? The Enterprise Retailer’s Guide to Processing, Fulfillment, and More

Fabric

According to Insider Intelligence, 24% of retail purchases are expected to take place online by 2026. Order management is the process of efficiently handling and fulfilling customer orders from start to finish. In 2022, US e-commerce sales topped $1 trillion , while global e-commerce sales soared past $5.7

article thumbnail

4 Ways Retailers can Leverage Generative AI to Drive Revenue and Productivity

Retail TouchPoints

trillion in 2026, from $3.3 Automatic price optimization. Inflation and concerns about whether economies around the world are sliding into recession have led to increased price sensitivity among shoppers. Consumers today are continuously looking for the best prices before making a purchase decision.

article thumbnail

Automation: The Driving Force Behind Warehouse Management Growth

Retail TouchPoints

A growing retail and ecommerce business can turn an efficient process into a multi-step nightmare with inaccurate purchasing, order fulfillment and returns processes. According to recent research, the global warehouse automation market is estimated to grow at a CAGR of 14%, reaching $30 billion by 2026. Sophisticated Automation.