In 1999, E-commerce sales accounted for only 1% of the total retail sales in the US. In 2017 it was more than 9% (a 3,000 percent increase). Over the last four years, the sales increased by 13 – 16%, which outpaced traditional retail sales, which are generally between 1% & 5%. The industry has estimated that e-commerce sales will reach 17.5% of retail sales by 2021 for the entire world.
So E-Commerce is on the upswing. How has this affected transportation and logistics in the Fulfillment industry?
It can be hard to keep up with the constant changes in the Fulfillment Industry. The most important things to remember are:
Follow these simple guidelines to help your company to stay on the right side of E-Commerce Growth.
Think of packaging that is synonymous with its brand. Perhaps Nike’s Swoosh or Tiffany & Co.’s little blue box and white ribbon come to mind. In the cosmetics and beauty industry, where competition is cutthroat, great packaging is critical. Packaging in the beauty industry must be eye-catching and attractive, as well as able to tempt the consumer over the hundreds of other available options.
UPS will be increasing its rates for a large portion of its shipping services, with some of them taking effect on December 24, 2017. The company said the rate increases are necessary to meet the demand of their customer base and the growth of ecommerce shipping. By raising their rates right around the holidays, they will be able to take advantage of the holiday returns rush.