Category: Fulfillment Warehouse

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ECommerce Growth Projections for 2023 to 2026 – What’s in Store

Image of a graph trending up sitting on a hand.

As you adjust your business goals for the new year, knowing what to expect can help. The Global eCommerce Sales Growth Report through 2026 shows promising trends for online businesses. Keep the following news in mind when writing your goals for 2023.

Increased Online Sales

Experts are expecting online sales to increase every year from now until 2026. For 2023, global eCommerce sales are projected to hit $6.3 trillion. Sales are expected to increase to $6.9 trillion in 2024, $7.5 trillion in 2025, and $8.1 trillion in 2026.

The increase of nearly $2 trillion over the next few years is a result of more and more people turning to online stores rather than brick-and-mortar businesses.

Traditional Retail Sales vs. eCommerce Retail Sales

Online retail sales are continuing to take up a larger share of all retail sales on a global scale. As of 2022, online sales accounted for 19.7 percent of retail sales. This is expected to increase to 24 percent by 2026.

With online sales making up nearly a quarter of all sales within a few years, it’s important for eCommerce business owners to make sure they’re prepared.

Boosting Your Online Business

The latest projections for global eCommerce sales mean that it’s time to make adjustments to your own business. This can help you take advantage of the increase in online purchases in order to help your company grow.

With more consumers being comfortable shopping on mobile devices, make sure your online store has processes in place to provide secure transactions. Partnering with a fulfillment warehouse might also be a smart move to make, since this ensures that customers are able to get their orders on time.

Get With Our Fulfillment Experts Today

If you’re looking for a dependable fulfillment warehouse to partner with your business, contact Medallion Fulfillment and Logistics.

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Four Tips About Selling On Amazon and the Benefits of 3PL

Consider Medallion Fulfillment & Logistics for your Fulfillment Warehouse

When you have products to sell online, Amazon offers a convenient way to market your products and process sales, but keep in mind that it’s not foolproof. You’ll need to spend time and effort making the most of your Amazon store in order to attract customers and grow your business, which includes exploring third-party logistics (3PL) provider options for fulfillment and shipping. From marketing your goods to using a fulfillment company to meet customer demand, the following tips can help you sell on Amazon.

Build Your Brand

Amazon won’t bring customers to your Amazon shop for you. As the store owner, you’ll need to find ways to drive traffic to your shop. This involves optimizing pages for each product you sell, gathering positive reviews, and earning a reputation for providing outstanding service.

Become a Professional Seller

Anyone can sell products on Amazon, so it’s important to stand out. Registering as a professional seller provides you with a good way to set your online shop apart from individuals who are selling similar products. When you have a professional seller account, you’ll also save money, since there aren’t any listing fees for these accounts.

Fulfill Orders Promptly

Processing and fulfilling orders as quickly as possible is essential in order to succeed as a seller on Amazon. Having a fulfillment warehouse available to help you meet these needs is important, especially as your business grows.

Focus on Customer Service

Customer service is the key to thriving on Amazon. Come up with policies that help keep customers satisfied, such as replacing products quickly or issuing refunds. Reach out to customers who leave negative reviews to learn more about how you can improve.

If you’re searching for a reliable fulfillment company to help your online business, please contact Medallion Enterprises.

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Back to the Basics: How to Start Your eCommerce Store in 2023

Fulfillment Warehouse Picking Packages

As more consumers turn to online shopping, having an eCommerce store can be a lucrative business. From selecting an eCommerce platform to choosing a fulfillment warehouse, there’s a lot to keep in mind when running an online store. The following tips can help you get your eCommerce store up and running smoothly.

Find the Right Platform

Third-party marketplaces and online store builders are the main kinds of online platforms to choose from. You’ll have greater customization abilities with an online store builder, while third-party marketplaces have limited customization. Choose a platform that provides the right amount of customization for your online store, as well as dependability.

Think About User Experience

Consumers often use more than one device to shop for products. Consider user experience on different types of devices, including laptops, tablets, and smartphones, when designing or setting up your website, mobile app, social media accounts, and other channels. For example, your website should be optimized for mobile devices, so consumers can easily read text and view images on smaller screens.

Make the Checkout Process Simple

When running an online store, beware of abandoned shopping carts. This happens when customers place items in their online cart, but never complete the purchase. Making the checkout process as fast and easy as possible for customers can help reduce the risk of having abandoned carts.

Fulfill Orders Efficiently

Getting orders fulfilled and shipped to customers on time is highly important for eCommerce success. Finding a fulfillment warehouse to partner with for this purpose is a smart way to make sure that your customers receive their orders promptly.

If your 2023 plans include starting an eCommerce store, please contact Medallion Fulfillment and Logistics. Our fulfillment warehouse can help ensure that your online store is able to quickly fulfill orders.

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Five Important Trends to Embrace for 2023

Fulfilment Warehouse

Greek philosopher Heraclitus famously said, “Change is the only constant in life.” Thousands of years later, his words still apply. So what changes are in store for eCommerce in 2023? Keep your finger on the pulse by adopting these trends identified by our fulfillment warehouse staff.

1. Sustainability becomes a greater factor in purchasing decisions.

As consumers become more aware of environmental concerns, a recent study shows that four out of five shoppers consider sustainability when choosing brands to support. Major player such as Amazon and Apple have made public commitments to become carbon-neutral by a specific deadline.

2. Voice assistants “handle” an increasing share of consumer purchasing.

As of 2022, more than one-third of consumers use Alexa, Siri and other voice assistants on a daily basis. Savvy eCommerce retailers are incorporating voice-enabled technology to make the shopping experience more intuitive and hands-free.

3. Direct-to-consumer grows in popularity.

The pandemic caused unprecedented changes in how companies do business. In one development, retailers discovered that direct-to-consumer (DTC) selling models are more efficient and profitable. DTC selling also allows for more interaction with consumers, which in turn builds loyalty.

4. TikTok continues to be a dominant force in social media.

Over the last few years, video hosting site TikTok has exploded in popularity, becoming the most downloaded app worldwide. eCommerce retailers are finding that TikTok is a great platform for advertising and brand content.

5. Online shopping goes live.

Think of it as a virtual Home Shopping Network. Many eCommerce retailers are holding live streaming events featuring their products. This strategy strengthens the connection with customers, letting them ask questions and make purchases in real time.

Grow Your eCommerce Business with Our Fulfillment Warehouse

Contact Medallion Fulfillment & Logistics to learn how our services give you more time to grow your sales.

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Forbes Projects Top Impacts in eCommerce for 2023

Fulfillment Warehouse

Just as with brick-and-mortar stores, running a successful eCommerce storefront means staying ahead of the curve on customer behaviors and preferences. Team up with our fulfillment warehouse to incorporate these anticipated trends for 2023 in your business plan.

1. Customers will continue to seek a personalized experience.

With eCommerce taking place in a virtual marketplace, creating a personalized experience for your customers can be the edge that puts you above the competition. Possible applications include:

  • Offering customized deals
  • Sharing helpful information about recommended products or ones that have already been purchased.
  • Creating targeted video content

2. There will be a greater focus on sustainability.

Environmental awareness has become a fact of life. As a result, consumers seek sustainability in both products and packaging. Go one step further by ensuring that your website is designed to operate with maximum efficiency to reduce the drain on resources.

3. Chatbots are here to stay.

Customers have become more comfortable with the use of chatbots. This will only increase as chatbots become more sophisticated. In fact, chances are good that chatbots will become the accepted form of customer service, rather than the exception.

4. Data protection becomes an even higher priority.

In terms of gathering customer information, it’s a fine line between being helpful and being annoyingly intrusive. eCommerce operators are giving more thought to exactly what personal data they need to collect as well as what point they need to ask for it.

5. Mobile shopping remains the preferred method.

If your site is still not optimized for mobile use, what are you waiting for? Nearly 75 percent of eCommerce sales take place via smart phone or tablet.

Your #1 Choice for Fulfillment Warehouse Services

Let Medallion Fulfillment & Logistics be a partner in your. success. Contact us to learn more.