All you Need to Know about eCommerce Warehousing in 2021
Come take a look at our article to learn more about the latest eCommerce warehousing trends and how you can meet customers' increasing demands in 2021.
Modern eCommerce warehousing, which is the process of storing physical inventory before selling it online, is evolving quickly, as increasing eCommerce activities necessitate warehousing that adequately meets the eCommerce ecosystem's dynamic needs. It has now become imperative for suppliers and manufacturers to improve their logistics and supply of goods, as well as their warehousing, to meet customer needs.
Recently, there has been a more remarkable shift towards online marketplaces. Many people attributed this to the coronavirus outbreak, but the digitization process seems only to have been accelerated by the pandemic. Here we look at recent trends in eCommerce warehousing in 2021.
Starting Small
"Big things have small beginnings," as the saying goes. Thus, you should not be ashamed of your modest beginnings. Small eCommerce businesses rarely have enough financial resources to use a conventional warehouse. In fact, it is quite common to see such companies use a garage or store at home as an improvised storage space until they grow big enough to consider more expensive options. Even eCommerce giants like Amazon started small and gradually grew to become what they are today.
Getting an Actual Warehouse
Growing from storing your inventories in a garage to an existing warehouse is beneficial in several ways. This is often necessary as demand and business sophistication grow beyond what can be easily handled at home. Customers have expectations that have been set by your competition, and it is up to you to meet those expectations.
Thus, to remain a competitive eCommerce business outlet, it is essential to keep up with competition and deliver goods quickly and safely beyond the number of sales. Using a warehouse, in this case, will, of course, significantly help.
Make Sure to Streamline and Outsource
A common way to automate the eCommerce warehousing portion of your business is outsourcing to a third party, which is often referred to as third-party logistics (3PL). Outsourcing can relieve you of more than just warehousing responsibilities, as 3PL handles both inventory management and order fulfillment. By tracking demand, you can even automate inventory restocking and receive estimates on future orders. By digitizing, you will be able to sync orders from multiple platforms and prevent mix-ups.
Managing Warehousing Activities
Whether you are a one-person business or have multiple employees partnering with a 3PL company, you will need to manage your eCommerce warehousing to ensure that things run smoothly. It is also essential to manage your sales funnel in a way that helps you forecast demand and plan your supplies, warehousing, and shipping accordingly. Another critical issue you must not overlook is dealing with returns and potential complaints to prevent customer dissatisfaction.
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