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Next Phase of Wish Turnaround to Focus on Reducing Shipping Costs

Retail TouchPoints

As discount shopping app Wish continues its comeback effort , parent company ContextLogic outlined its plans for 2023 at a summit for its merchants — including a major overhaul of the platform’s shipment pricing structure in order to bring down shipping costs for customers.

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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. The very nature of last-mile fulfillment makes it an expensive proposition.

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Retailers Increasingly Turning to Third-Party Resources to Handle Fulfillment

Retail TouchPoints

Finding Partners to Tackle Fulfillment Complexities These developments are part of a larger trend of outsourcing fulfillment’s last mile, traditionally the most expensive leg of the product’s journey, to partners that specialize in mastering its complexities. The percentage using third-party companies also rose, from 29% to 38%.

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Khronos Group Goal: ‘Create One 3D Model That Works for Everyone’

Retail TouchPoints

Efforts to make 3D images look more, well, three-dimensional — and to make their usage practical, consistent and cost-effective — have been underway for quite a while now. The Working Group has been busy developing a variety of guidelines to help content creators make 3D content for customers. Other hurdles involve end-user technology.

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How Retailers Can Control Costs Even As Return Rates Climb

Retail TouchPoints

Returns are a cost of doing business for any retailer. Unfortunately, this is the group that has suffered the most during COVID-19.”. Whatever solutions are employed will add cost to a returns process that already cuts into profit margins. But despite representing $309 billion in lost sales for U.S.

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Consumers Turn to BNPL, BOPIS to Cope with Rising Prices and Supply Chain Uncertainty

Retail TouchPoints

Prices have been scaling throughout the entire year, and for the most part, consumers seem to be absorbing those costs. They’re taking these higher prices and factoring that into their purchasing, and instead prioritizing the acquisition of goods.”. Consumers Look to Curbside to Secure the Goods and Save $$$.

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The Imperative of Ethical Packaging Practices for Preserving Consumer Trust

Retail TouchPoints

However, while many consumers express a preference for products with minimal or eco-friendly packaging materials, the limited availability and higher costs of such options can pose significant barriers to adoption. US Packaging & Wrapping is dedicated to providing superior products and services at an affordable price.

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