Incoterms 2020 Guide: DAP – Delivered at Place
The International Chamber of Commerce (ICC) has established Incoterms, or international commercial terms, to make global trade simpler. These universally acknowledged guidelines define the responsibilities of both buyers and sellers in international trade contracts and business deals. While some of these terms are applicable to all transport modes, others are exclusively for waterway shipments. […]
Customer centric logistics: the importance of flexible and personalised deliveries
Fueled by technological advancements, the one-size-fits-all paradigm is no longer applicable in the ecommerce logistics landscape. In fact, modern businesses aim to create a customer-centric logistics model, where customer preferences are at the heart of all operations and decisions. This entails offering delivery and returns services that are flexible and personalised, in order to satisfy […]
How a 3PL can help you satisfy digital consumer expectations
Consumers, today, are constantly online. This means that retail becomes a 24/7 business, as users can shop whenever they want and wherever they are. Embracing the constant digital presence of consumers undoubtedly unfolds a horizon of opportunities but doesn’t mean there aren’t challenges too. In particular, people have grown accustomed to obtaining information or services […]
Importance of collaboration between suppliers and logistics
A synergic collaboration between suppliers and logistics is the pillar of modern companies, where information sharing is one of the driving forces that avoids almost all disruptions. In fact, unexpected changes in the market can arise on a daily basis in any industry. The main obstacle here is segmentation, namely when processes and departments are […]
Importance of the supply chain: key strategies for developing a successful and sustainable supply chain for your ecommerce business
A supply chain is the system that connects your business and suppliers, enabling you to produce and deliver goods to your customers. This system involves orchestrating various processes, from procuring raw materials and developing products to efficiently handling logistics. Accurately managing the supply chain means optimising inbound and outbound logistics processes, namely the key to […]
Why COGS is important for your business and how to calculate it
COGS, which stands for Cost of Goods Sold, is an important factor to consider to understand whether your business is making profits. It helps to gain an accurate understanding of your expenses and will help you in making more informed decisions when establishing the prices of your products. In this article, we’ll explore everything you […]
Tips to improve your ecommerce conversion rate
Whether you have a small or large e-commerce business, the number one objective is ensuring that website visitors become customers. A high conversion rate is the best indicator that your e-commerce store is successfully engaging with its visitors. Therefore, focusing on improving your ecommerce conversion rate is essential to drive long-term growth. What does conversion […]
The importance of focusing on customer LTV this Black Friday
Major sale events, like Black Friday, require you to be well-prepared in advance in order to make the most of these opportunities. Adopting the right strategies will ensure you grow your business on solid foundations and pursue long-term success. True magic lies in making customers stick around and not just pop in for a one-time […]
Czech Republic ecommerce market trends 2023
The Czech Republic is the 45th largest growing ecommerce market. Its CAGR is projected to grow by 9% (2023-2028). In the Czech eCommerce market, the number of users is expected to amount to 7.4m by 2027. 81% of consumers opt for organic foods through online platforms International retailers can take advantage of the Czech market […]
Minimum Order Quantity: How to calculate, advantages and how to make the most of your inventory
Ecommerce businesses often buy raw materials or ready-made products from manufacturers. The challenge here lies in balancing inventory levels to meet consumer requirements without overstocking or understocking. Minimum order quantity (MOQ) is a parameter set by suppliers because bulk production is more convenient for them but this can often hinder an ecommerce’s inventory balance. In […]
